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Nova Ltd.

NVMITechnologyNASDAQ

Semiconductor Equipment & Materials · Last scanned Jun 4, 2026

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Financials · Annual
Revenue
$880.6M
+31.0% YoY
Net Income
$259.2M
+41.1% YoY
EBITDA
$275.8M
+34.6% YoY
Free Cash Flow
$122.4M

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About Nova Ltd.

Nova Ltd. engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally. The $16.86B market capitalization puts NVMI squarely in large-cap range for its industry. The company's product portfolio includes a set of metrology platforms for dimensional, films, and materials and chemical metrology measurements for process control for various semiconductor manufacturing process steps, such as lithography, Etch, chemical mechanical planarization, deposition, electrochemical plating, and advanced packaging.

Key stats
Market Cap$16.86B
P/E (TTM)66.67
Fwd P/E40.97
EPS$7.95
Beta1.78
52W Change+141.7%
ROE22.3%
Analysis

The balance sheet looks solid with $1.10B in cash comfortably exceeding the $800.2M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. The company generates $122.4M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 22.2% points to strong capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 8.4% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $570.7M (2022) to $880.6M (2025), reflecting a 54% increase over the period.

With a beta above 1.5, NVMI tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. At over 50x earnings, NVMI carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Nova Ltd.'s trajectory.

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