Nova Measuring Instruments (NVMI) Tops Q4 EPS by 3c, Revenues Beat; Offers 1Q EPS/Revenue Guidance Above Consensus

February 18, 2021 8:10 AM EST

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Nova Measuring Instruments (NASDAQ: NVMI) reported Q4 EPS of $0.55, $0.03 better than the analyst estimate of $0.52. Revenue for the quarter came in at $76.3 million versus the consensus estimate of $69.9 million.

Fourth Quarter 2020 Highlights:

  • Quarterly record revenue of $76.3 million, up 18% year-over-year
  • GAAP net income of $13.7 million, or $0.47 per diluted share, up 9% year-over-year on a per-share basis
  • Non-GAAP net income of $15.9 million, or $0.55 per diluted share, up 8% year-over-year on a per-share basis
  • Initial revenues recognized from multiple customers for Nova ELIPSON™, a newly launched materials metrology solution
  • Record quarterly materials metrology revenue, driven by expansion into leading Logic and Foundry customers

"Our robust fourth quarter financial results concluded a record year for Nova, demonstrating the company's growing agility and outstanding execution capabilities," commented Eitan Oppenhaim, President and Chief Executive Officer. "This was a firm conclusion to a well-performed year during which we continued to innovate and expand our differentiated portfolio to support our customers' new generation of devices. Our resilience amid the pandemic, led by our global teams, drove our strong performance throughout the year. With our new enhanced product offering and solid market position, we enter 2021 with substantial momentum to continue our growth across customers and territories."


Nova Measuring Instruments sees Q1 2021 EPS of $0.55-$0.66, versus the consensus of $0.52. Nova Measuring Instruments sees Q1 2021 revenue of $76-83 million, versus the consensus of $69.9 million.

Management provided an outlook for the first quarter, the period ending March 31, 2021. Based on current estimates, management expects:

  • $76 million to $83 million in revenue
  • $0.41 to $0.53 in diluted GAAP EPS
  • $0.55 to $0.66 in diluted non-GAAP EPS

For earnings history and earnings-related data on Nova Measuring Instruments (NVMI) click here.

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