Nova Q2 Earnings Call Highlights

Nova reported a strong second quarter, with revenue rising to a record $255 million, up 8% sequentially and 16% year over year, and non-GAAP EPS of $2.51 topping guidance. The results were driven by broad-based demand in semiconductor process control, especially advanced logic and advanced packaging tied to AI and high-bandwidth-memory investments. Management said advanced packaging accounted for nearly a quarter of product revenue and now expects it to reach about 25% of full-year product revenue. The company issued upbeat third-quarter guidance for revenue of $277 million to $287 million and non-GAAP EPS of $2.70 to $2.85, while also highlighting more than $1.7 billion in cash and investments and improved visibility into customer demand through 2027. Despite the strong operating performance and outlook, the stock context suggests investors are still weighing the uneven spending backdrop, including muted 3D NAND investment.