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Full coverage· Economy· Updated

Nova Exceeds Analyst Expectations with Record Third Quarter Results

Nova, a chip testing systems provider, reported record third-quarter revenues of $288 million and a net profit of $90 million, exceeding analyst expectations. The company also raised its full-year revenue forecast to nearly $1.1 billion for 2026.

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What happened

  1. 01Nova reported record third-quarter revenues of $288 million, surpassing analyst expectations.
  2. 02The company's net profit increased by 46.5% to $90 million in the third quarter.
  3. 03Nova raised its full-year 2026 revenue forecast to approximately $1.1 billion.
  4. 04President and CEO Gabi Wiesman expressed confidence in leveraging industry growth opportunities.
  5. 05Nova's stock has lost over half its value since reaching an all-time high in June.

President and CEO Gabi Wiesman expressed confidence in leveraging industry growth opportunities. Despite strong performance, Nova's stock has fallen significantly since its June peak.

Translated and summarized by baba from Globes, the latest report. Read Globes’s original

The coverage

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