Nova .(US:NVMI) Prnewswireยท2025-11-06 12:30Core Insights - Nova achieved record third-quarter results with total revenues of $224.6 million, marking a 25% increase year-over-year and a 2% increase from the previous quarter [2][5] - The company anticipates continued growth into 2026, driven by strong demand in the semiconductor market and AI-related applications [2] Financial Performance - GAAP net income for Q3 2025 was $61.4 million, or $1.90 per diluted share, compared to $68.3 million, or $2.14 per diluted share in Q2 2025, and $51.3 million, or $1.60 per diluted share in Q3 2024 [4][5] - Non-GAAP net income for Q3 2025 was $70 million, or $2.16 per diluted share, slightly down from $70.4 million, or $2.20 per diluted share in Q2 2025, and up from $56.1 million, or $1.74 per diluted share in Q3 2024 [7][20] Revenue Breakdown - Revenue from products was $178.9 million, while services contributed $45.7 million, leading to total revenues of $224.6 million for Q3 2025 [18] - The record quarterly revenue was driven by strong demand for advanced DRAM and HBM devices, as well as advanced logic devices related to Gate-All-Around manufacturing processes [5][11] Cost and Margin Analysis - Gross margin for Q3 2025 was 56.7%, a slight decrease from 57.8% in Q2 2025 and consistent with 56.6% in Q3 2024 [3][20] - Operating expenses increased to $63.6 million in Q3 2025 from $61.6 million in Q2 2025 and $52.1 million in Q3 2024 [3] Future Outlook - Management provided guidance for Q4 2025, expecting revenues between $215 million and $225 million, with diluted GAAP EPS projected between $1.77 and $1.95, and non-GAAP EPS between $2.02 and $2.20 [6][21]