Nova .(US:NVMI)2025-11-06 12:30Financial Performance - Record quarterly revenue of $224.6 million, a 25% increase year-over-year[12] - GAAP net income of $61.4 million, or $1.90 per diluted share, a 19% increase year-over-year[12] - Non-GAAP net income of $70 million, or $2.16 per diluted share, a 24% increase year-over-year[12] - Total revenues for the three months ended September 30, 2025, increased to $224.6 million, up 25.5% from $179.0 million in the same period of 2024[30] - Operating income for the three months ended September 30, 2025, rose to $63.9 million, compared to $49.2 million in the same period of 2024, reflecting a 29.8% increase[30] - Net income for the three months ended September 30, 2025, was $61.4 million, an increase of 19.7% from $51.3 million in the same period of 2024[30] - Basic earnings per share for the three months ended September 30, 2025, were $2.05, up from $1.76 in the same period of 2024, marking a 16.5% increase[30] Revenue Projections - Management expects total revenues for Q4 2025 to be between $215 million and $225 million[18] - Anticipated diluted GAAP EPS for Q4 2025 is projected to be between $1.77 and $1.95[18] - Anticipated diluted non-GAAP EPS for Q4 2025 is projected to be between $2.02 and $2.20[18] - The estimated non-GAAP net income per diluted share for the fourth quarter of 2025 is projected to be between $2.02 and $2.20[36] Operating Metrics - Gross margin in Q3 2025 was 56.7%, compared to 57.8% in Q2 2025[15] - Operating expenses in Q3 2025 were $63.6 million, up from $61.6 million in Q2 2025[15] - Gross profit for the three months ended September 30, 2025, was $127.4 million, representing a gross margin of 57%[34] - Cash flows from operating activities for the three months ended September 30, 2025, were $71.3 million, compared to $47.0 million in the same period of 2024, indicating a 51.5% increase[32] - Research and development expenses for the three months ended September 30, 2025, were $36.7 million, up from $29.1 million in the same period of 2024, reflecting a 26.3% increase[30] Cash Flow and Investment - The company reported a net cash used in investing activities of $392.3 million for the three months ended September 30, 2025, compared to $24.2 million in the same period of 2024[32] - The company experienced a net cash provided by financing activities of $680.4 million for the three months ended September 30, 2025, compared to $70,000 in the same period of 2024[32] Market Outlook - Positive semiconductor market forecasts and increased AI-driven demand expected to support growth in 2026[13] - Record quarterly revenue from memory devices driven by demand for advanced DRAM & HBM devices[12]