NASDAQ$NVMI
Nova Ltd. · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Nova Q4 2024: record $194.8M revenue (+45% YoY), GAAP EPS $1.58, non-GAAP EPS $1.94
Nova Ltd. reported record Q4 and full-year 2024 results for the quarter ended December 31, 2024. Q4 revenue reached $194.8 million, up 9% sequentially and 45% year over year, exceeding company guidance. GAAP net income was $50.5 million ($1.58 diluted EPS), up 32% YoY, while non-GAAP net income was $62.3 million ($1.94 diluted EPS), up 43% YoY and above guidance. Gross margin was 56.4%. Record materials metrology sales were driven by Nova Metrion and Nova Veraflex platforms, and dimensional metrology saw record stand-alone demand from advanced packaging and GAA manufacturing. Full-year 2024 revenue was $672.4 million (+30% YoY) with GAAP EPS of $5.75.
- Q4 revenue of $194.8 million rose 45% YoY and 9% QoQ, a third consecutive quarterly record.
- GAAP EPS was $1.58 on net income of $50.5 million; non-GAAP EPS was $1.94 on net income of $62.3 million.
- Gross margin expanded to 56.4% from 55.1% in the prior-year quarter.
- Materials metrology and dimensional metrology both posted record sales on advanced-node demand.
- Full-year revenue reached $672.4 million (+30% YoY) with GAAP EPS of $5.75.
Headline financials
Revenue & EPS history
Nova · Revenue · Quarterly
$195M
Forward guidance
Q1 2025 revenue guidance of approximately $194–204 million with gross margins around 56–57% on a GAAP basis.
Tailwinds
- Continued strong demand from advanced packaging and GAA nodes
- Third consecutive quarter of record revenue entering 2025
Headwinds
- Operating expenses expected to increase on a GAAP and non-GAAP basis in Q1 2025
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
+2.5%
Avg return
Earnings day
+3.5%
Avg return
5 days after
+6.4%
Avg return
30 days after
65%
34 / 52 earnings
Positive
+24.6%
Q2 2024
Best reaction
-13.9%
Q3 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.5% | -1.2% | +8.9% | |
| Q4 2026 | +2.2% | +0.0% | +5.2% | |
| Q3 2025 | -8.0% | -9.7% | -5.2% | |
| Q2 2025 | +2.0% | +5.4% | -0.8% | |
| Q1 2025 | -6.9% | +0.9% | +8.1% | |
| Q4 2024 | +9.6% | -4.6% | -14.9% | |
| Q3 2024 | +3.3% | +6.5% | +2.0% | |
| Q2 2024 | +24.6% | +26.6% | +9.0% | |
| Q1 2024 | +6.8% | +10.4% | +21.2% | |
| Q4 2023 | +7.3% | +2.7% | +7.3% | |
| Q3 2023 | +10.0% | +15.4% | +25.0% | |
| Q2 2023 | -2.2% | -0.7% | +5.2% | |
| Q1 2023 | +3.1% | +5.2% | +27.7% | |
| Q4 2022 | +0.8% | +0.2% | +9.6% | |
| Q3 2022 | +10.6% | +15.6% | +17.9% | |
| Q2 2022 | +0.8% | -8.1% | -9.0% | |
| Q1 2022 | +9.8% | +12.1% | +9.9% | |
| Q4 2021 | +0.2% | -2.9% | +2.3% | |
| Q3 2021 | +13.4% | +16.0% | +12.4% | |
| Q2 2021 | +4.3% | +0.6% | +4.1% | |
| Q1 2021 | +3.5% | -3.9% | +14.5% | |
| Q4 2020 | +1.9% | -0.7% | +2.9% | |
| Q3 2020 | +0.0% | +1.8% | +12.1% | |
| Q2 2020 | +5.1% | +0.6% | -3.3% | |
| Q1 2020 | +7.8% | +11.8% | +18.8% | |
| Q4 2019 | -3.8% | -8.4% | -21.8% | |
| Q3 2019 | +4.1% | +5.6% | +3.2% | |
| Q2 2019 | +5.9% | +4.1% | +9.8% | |
| Q1 2019 | -1.7% | +0.1% | -9.0% | |
| Q4 2018 | +1.2% | +2.4% | +0.7% | |
| Q3 2018 | +8.9% | +5.9% | +9.8% | |
| Q2 2018 | -0.8% | +0.2% | +5.2% | |
| Q1 2018 | +1.7% | +3.3% | +13.0% | |
| Q4 2017 | +7.8% | +6.2% | +11.0% | |
| Q3 2017 | -13.9% | -11.4% | -14.2% | |
| Q2 2017 | -1.6% | +4.2% | -1.6% | |
| Q1 2017 | +20.2% | +23.8% | +41.9% | |
| Q4 2016 | +4.7% | +6.6% | +6.2% | |
| Q3 2016 | -2.4% | -1.1% | +5.1% | |
| Q2 2016 | -2.9% | -0.5% | +3.8% | |
| Q1 2016 | -0.5% | — | — | |
| Q4 2015 | +4.7% | — | — | |
| Q3 2015 | +1.6% | — | — | |
| Q2 2015 | +1.3% | — | — | |
| Q1 2015 | +3.3% | — | — | |
| Q4 2014 | +0.5% | — | — | |
| Q4 2013 | -2.4% | — | — | |
| Q4 2012 | +5.0% | — | — | |
| Q4 2010 | -2.0% | — | — | |
| Q4 2011 | -2.0% | — | — | |
| Q4 2009 | -2.0% | — | — | |
| Q2 2010 | -10.4% | — | — |
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