Semiconductor quality control company Nova (NASDAQ: NVMI) will be reporting results this Thursday before market hours. Here’s what to expect.
Nova beat analysts’ revenue expectations by 2.4% last quarter, reporting revenues of $220 million, up 40.2% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates and a beat of analysts’ EPS estimates.
Is Nova a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Nova’s revenue to grow 23.6% year on year to $221.2 million, slowing from the 38.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.15 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Nova has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2.9% on average.
Looking at Nova’s peers in the semiconductor manufacturing segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Teradyne delivered year-on-year revenue growth of 4.3%, beating analysts’ expectations by 3.3%, and FormFactor reported a revenue decline of 2.5%, topping estimates by 1.3%. Teradyne traded up 20.6% following the results while FormFactor was also up 24.3%.
Read our full analysis of Teradyne’s results here and FormFactor’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the semiconductor manufacturing stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.1% on average over the last month. Nova is down 1.9% during the same time and is heading into earnings with an average analyst price target of $333.33 (compared to the current share price of $324.80).
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