Financial Data and Key Metrics Changes - Nova achieved record revenue of $220 million in Q2 2025, reflecting a 3% increase sequentially and a 40% increase year over year [14][4] - Blended gross margins were 58% on a GAAP basis and 60% on a non-GAAP basis, exceeding the target range of 57% to 60% [15][16] - Earnings per share were $2.14 on a GAAP basis and $2.20 on a non-GAAP basis, marking the seventh consecutive quarter of record performance [16][19] Business Line Data and Key Metrics Changes - The chemical metrology division and service business contributed to record revenue, with service revenue growing 7% sequentially and 31% year over year [11][4] - Product revenue distribution was approximately 75% from logic and foundry and 25% from memory, indicating a well-balanced market reach [15] Market Data and Key Metrics Changes - Nova is well positioned in the memory market, particularly in DRAM and high bandwidth memory, with significant market share gains [10][41] - The company expects nominal revenue from China to be moderately higher year over year, despite a forecasted decrease in percentage terms due to higher investments in advanced nodes [42] Company Strategy and Development Direction - Nova's strategy focuses on capitalizing on technological transitions and improvements in yield and productivity, particularly in advanced packaging and metrology [5][6] - The company aims to achieve $500 million in cumulative Gate All Around revenue by 2026, with strong demand and stability anticipated in the second half of the year [23][55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges and capitalize on emerging opportunities, supported by a resilient and diversified business model [6][12] - The impact of newly implemented tariffs on gross margins is now estimated to be closer to 20 basis points, a more favorable outcome than initially anticipated [19] Other Important Information - Nova's service business has shown consistent growth, marking ten consecutive quarters of revenue increase [11] - The company continues to invest in expanding its portfolio to align with customer expectations and technology inflections [12] Q&A Session Summary Question: How did aggregate all around sales appear in June and what trajectory is expected for the second half? - Management indicated strong positioning across all four Gate All Around customers and expressed excitement about the opportunity, expecting stability in the second half [23] Question: What drove the strong gross margins in June? - The strong gross margins were attributed to a favorable product mix rather than solely the chemical metrology business, with marginal impact from tariffs [25] Question: Can you discuss the momentum in the Centronics business? - Management is optimistic about the integration of Sintronics and its potential for growth, with encouraging signs of adoption from multiple customers [30] Question: How is the competitive landscape in dimensional metrology? - Management noted strong momentum in integrated metrology and market share gains in standalone OCD, maintaining leadership in the segment [47] Question: What is the outlook for Ellipson and Matrion revenue contribution? - Both systems are on track for adoption by advanced node manufacturers, with expectations for growth as they become process tools of record [50]

1 © Nova confidential & proprietary information Use of Non-GAAP Adjusted Financial Measures This presentation provides financial measures that exclude amortization of acquired intangible assets, acquisition-related expenses, inventory step-up and contingent consideration revaluation, stock-based compensation expenses, revaluation of operating lease liabilities and remeasurement of intercompany loans, amortization of debt discount and issuance costs and tax effect of non-GAAP adjustment, as applicable, and a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2025 Commission File No.: 000-30668 NOVA LTD. (Translation of registrant's name into English) 5 David Fikes Street, Rehovot, Israel (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F ☒ Fo ...

Core Insights - Nova reported record financial results for Q2 2025, with revenues reaching $220 million, a 40% increase year-over-year [5][6] - The company achieved a GAAP net income of $68.3 million, or $2.14 per diluted share, representing a 52% increase compared to Q2 2024 [6][9] - Non-GAAP net income was reported at $70.4 million, or $2.20 per diluted share, a 37% increase year-over-year [6][10] Financial Performance - Total revenues for Q2 2025 were $220 million, up 3% from Q1 2025 and up 40% from Q2 2024 [5] - GAAP net income for Q2 2025 was $68.3 million, compared to $64.8 million in Q1 2025 and $45.1 million in Q2 2024 [9] - Non-GAAP net income for Q2 2025 was $70.4 million, compared to $69.9 million in Q1 2025 and $52.0 million in Q2 2024 [10] Earnings Per Share - Earnings per diluted share on a GAAP basis were $2.14 for Q2 2025, compared to $2.03 in Q1 2025 and $1.41 in Q2 2024 [9] - Non-GAAP earnings per diluted share were $2.20 for Q2 2025, compared to $2.18 in Q1 2025 and $1.61 in Q2 2024 [10] Management Commentary - The CEO highlighted strong client adoption of advanced tools and expects Nova to outperform the wafer fabrication equipment (WFE) market in 2025 [4] Gross Margin and Operating Expenses - Gross margin for Q2 2025 was 57.8%, slightly up from 57.3% in Q1 2025 but down from 59.0% in Q2 2024 [8] - Operating expenses for Q2 2025 were $61.6 million, compared to $59.1 million in Q1 2025 and $46.9 million in Q2 2024 [8] Future Outlook - Management provided guidance for Q3 2025, expecting revenues between $215 million and $227 million and diluted GAAP EPS between $1.77 and $1.97 [7][26]

Core Insights - Nova Ltd. (NVMI) is expected to report second-quarter 2025 results on August 7, with projected revenues between $210 million and $220 million and non-GAAP earnings per share (EPS) anticipated between $1.96 and $2.14 [1][8] - The Zacks Consensus Estimate for revenues is $215.5 million, reflecting a year-over-year growth of 37.4% [1] - The consensus for EPS is $2.05, indicating a 27.3% increase year-over-year [2] Revenue Drivers - Strong demand for AI applications is anticipated to support robust semiconductor manufacturing capacity growth, positively impacting Nova's top-line growth [3] - The adoption of gate-all-around and advanced packaging solutions, along with increased demand for the PRISM platform, is expected to drive revenue growth [4] - The acquisition of Sentronics is projected to contribute to second-quarter revenues, and the new facility in Bad Urach, Germany, will enhance the capacity of Nova's chemical metrology division [5][8] Margin Considerations - Tariffs are expected to negatively affect gross margin by approximately 30 to 50 basis points, with a non-GAAP gross margin forecasted at around 58% [5][8] Earnings Expectations - Nova has an Earnings ESP of 0.00% and a Zacks Rank of 3, indicating that the odds of an earnings beat are not favorable [6]

Core Viewpoint - Investors in the Electronics - Semiconductors sector should consider United Microelectronics Corporation (UMC) and Nova Ltd. (NVMI) for potential value investment opportunities [1] Valuation Metrics - UMC has a forward P/E ratio of 13.77, while NVMI has a forward P/E of 30.55, indicating UMC is more attractively priced [5] - UMC's PEG ratio is 1.56, compared to NVMI's PEG ratio of 2.10, suggesting UMC offers better value relative to its expected earnings growth [5] - UMC's P/B ratio is 1.54, significantly lower than NVMI's P/B of 7.71, further supporting UMC's valuation advantage [6] Analyst Outlook - UMC holds a Zacks Rank of 2 (Buy), indicating a more favorable earnings estimate revision activity compared to NVMI's Zacks Rank of 3 (Hold) [3] - UMC's strong earnings outlook contributes to its Value grade of A, while NVMI has a Value grade of D, highlighting UMC's superior position in terms of value investment [6]

Core Insights - Q Precious & Battery Metals Corp. (QMET) congratulates Québec Innovative Materials Corp. (QIMC) for obtaining a 5,000-meter drill permit from the Government of Quebec, indicating strong governmental support for clean natural hydrogen exploration [1][2] - The regulatory approval reflects thorough technical and environmental due diligence, endorsing a collaborative hydrogen model focused on scientific rigor and sustainable development [2] - QMET is actively involved in clean natural hydrogen exploration in both Nova Scotia and the Matane region of Quebec, enhancing its strategic presence in key geological areas across Eastern Canada [3][4] Exploration Progress - The initial phase of the Nova Scotia soil sampling program, led by QIMC and INRS, has successfully collected over 50 soil gas samples, demonstrating the potential for clean natural hydrogen in the region [4] - QMET emphasizes its commitment to responsible and sustainable development of hydrogen resources in collaboration with QIMC [5] Future Outlook - QMET aims to support the responsible development of clean natural hydrogen resources and looks forward to continued progress in the evolving clean hydrogen sector in Quebec and Nova Scotia [5]

Core Viewpoint - Q Precious & Battery Metals Corp. has initiated a soil sampling and exploration program for natural hydrogen in Nova Scotia, collaborating with Québec Innovative Materials Corp., the Institut National de la Recherche Scientifique, and the Temiscamingue First Nations [1][2][4]. Group 1: Program Details - The soil sampling program is led by QIMC and INRS, utilizing their successful exploration model from the St-Bruno-de-Guigues project in Quebec to identify and evaluate natural hydrogen assets in Nova Scotia [2]. - The program will employ non-invasive soil gas sampling techniques and geophysical surveys, with data collected guiding subsequent phases of the initiative [4]. Group 2: Community Engagement - The Temiscamingue First Nations will actively participate in the program, contributing traditional ecological knowledge and a commitment to sustainable resource management, enhancing the exploration's integrity [3]. Group 3: Company Commitment - Q Precious & Battery Metals Corp. emphasizes its commitment to environmental stewardship, community engagement, and sustainable development that aligns with Nova Scotia's energy and environmental objectives [5].

Core Insights - Military Metals Corp. has reported high-grade results from grab samples taken from a historical mine stockpile at the West Gore antimony-gold project, with antimony grades reaching up to 40.6% and gold grades up to 106.5 grams per tonne [1][3][4] - The results support the historical mining data from 1914-1917, when West Gore was a significant antimony producer during World War One [1][3] - The company plans to commence a drill program to explore new targets identified beyond the previously mined areas [1][3] Historical Stockpile Sample Highlights - The highest grade sample returned 40.6% antimony and 106.5 gpt gold, while the average antimony across five samples was 17.94% and the average gold was 34.68 gpt [4][6] - Additional high-grade antimony results included 23.5% and 18.1%, while high-grade gold results included 27.4 gpt and 25.8 gpt [4][6] - Three high-priority drill targets that were never previously identified will be tested in the upcoming work program [4] Company Strategy and Market Context - The CEO of Military Metals emphasized the importance of these results in reinforcing the exploration plan and the potential role in the critical minerals supply chain, particularly for antimony [3] - The government of Nova Scotia has updated the approval process for metal-mining projects to accelerate timelines, which may benefit industry progress [3] Mining History and Geology - Historical documentation indicates that 32,000 metric tons were mined at West Gore, producing 7,000 metric tons of concentrate grading 46% antimony, yielding 3,220 metric tons of antimony metal and 6,861 ounces of gold [4][5] - Gold deposits in Nova Scotia are characterized by unique geological features, with historical production from the Rawdon Hills area totaling 13,494 ounces [10] Quality Assurance and Analytical Methods - Samples were analyzed at ALS Canada, following strict quality assurance protocols to ensure analytical accuracy [9] - The analytical results for antimony and gold from the five samples varied significantly, supporting the historical documentation of mined grades [6]

Group 1 - Nova Ltd. is recognized as one of the most technologically advanced and rapidly growing niche semiconductor equipment suppliers [1] - The company's metrology solutions are essential for the production of advanced GAA transistors, 3D NAND, and advanced chip packaging technologies such as HBM and Chiplet [1]