Nova Reports First Quarter 2024 Financial Results
Nova Ltd. - Ordinary Shares (NVMI)
Last nova ltd. - ordinary shares earnings: 2/13 08:00 am
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US:NASDAQ Investor Relations:
ir.novameasuring.com
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Source: PR Newswire
REHOVOT, Israel, May 9, 2024 /PRNewswire/ -- Nova (Nasdaq: NVMI) today announced financial results for the first quarter, the three-month period ended March 31, 2024.First Quarter 2024 Highlights:Quarterly revenue of $141.8 million, up 6% QoQ, exceeding the high end of the Company guidance of $140 million.GAAP net income of $36.9 million, or $1.15 per diluted share, down 4% QoQ, exceeding the high end of the Company guidance of $1.12. Record Non-GAAP net income of $44.6 million, or $1.39 per diluted share, up 2% QoQ, exceeding the high end of the Company guidance of $1.33.Record operating and free cash flow.Continued adoption of Nova's innovative portfolio by leading customers for cutting-edge applications in logic, memory, and advanced packaging.Service business continued to expand, growing 13% year over year, driven by increasing utilization rates and tool life extensions.Memory product revenue share increased to 40%, driven by advanced DRAM and HBM demand.GAAP Results (K) Q1 202
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News
- Nova Ltd. (NASDAQ: NVMI) is now covered by analysts at Jefferies Financial Group Inc.. They set a "buy" rating and a $240.00 price target on the stock.MarketBeat
- Nova Ltd. (NASDAQ: NVMI) had its price target raised by analysts at Benchmark Co. from $187.00 to $215.00. They now have a "buy" rating on the stock.MarketBeat
- Nova Ltd. (NASDAQ:NVMI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Nova Ltd. (NASDAQ: NVMI) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- Nova Ltd. (NASDAQ: NVMI) had its price target raised by analysts at Bank of America Co. from $190.00 to $220.00. They now have a "buy" rating on the stock.MarketBeat
NVMI
Earnings
- 5/9/24 - Beat
NVMI
Sec Filings
- 5/9/24 - Form 6-K
- 5/9/24 - Form 6-K
- 4/18/24 - Form 6-K
- NVMI's page on the SEC website