Nova

What Nova does

Nova Ltd. (NASDAQ: NVMI) is a publicly traded semiconductor process control and metrology equipment manufacturer founded in 1993 and headquartered in Rehovot, Israel, with 1,612 employees and operations across Israel, the United States, Germany, Taiwan, South Korea, Japan, China, and Singapore. The company designs and sells precision metrology systems used by semiconductor manufacturers to measure critical dimensions, thin films, materials composition, and chemical properties at advanced logic and memory nodes, including sub-3nm, Gate-All-Around (GAA), advanced DRAM, 3D NAND, and advanced packaging applications. Its product portfolio spans four categories: dimensional metrology (Nova i570 HP, i550, i500, WMC, VeloCD, Prism, MMSR+, T550, T500), materials metrology (Nova VeraFlex III/III+/IV, QED, RACS, Metrion, Elipson), chemical metrology (Nova Ancolyzer, DMR, AncoScene, AncoFlex), and software solutions (Nova MARS, Nova Fit, Nova Hub/Fleet Management). The technology stack combines optical CD, X-ray fluorescence (XRF), X-ray photoelectron spectroscopy (XPS), secondary ion mass spectrometry (SIMS), Raman spectroscopy, ellipsometry, and hybrid metrology techniques augmented by AI/ML-enabled algorithms for modeling complex 3D and high-aspect-ratio structures. Nova holds 500+ patents and has 6,400+ tools installed globally.

Nova generates revenue primarily through quote-based sales of high-value capital equipment to enterprise semiconductor manufacturers via a direct field sales organization, with recurring revenue from service contracts, spare parts, and applications support tied to its installed base. The company serves leading foundries (TSMC), integrated device manufacturers (Intel, including CHIPS Act-funded Arizona fabs), and global memory and logic manufacturers, with pricing typically structured as multi-year enterprise contracts. Growth is driven by advanced node transitions, GAA adoption, advanced packaging complexity, and market share gains in optical CD metrology (from ~20% to ~29% over three years). The company has expanded through acquisitions including ReVera (2015, materials metrology), Ancosys (2021, chemical metrology), and Sentronics Metrology GmbH (2025, wafer-level packaging metrology). FY2025 revenue was $880.6 million, up 31% year-over-year, with GAAP net income of $259.2 million and a market capitalization of approximately $14.16 billion as of April 2026.

Name

Nova

Legal name

Nova Ltd.

Website

https://novami.com

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Nova Ltd. designs and sells precision metrology and process control systems for semiconductor manufacturers, serving foundries, IDMs, and memory producers at advanced logic, memory, and advanced packaging nodes through direct enterprise sales across global semiconductor hubs.

Ownership category

akta.pro rank

Product category

Semiconductor Metrology Equipment

NAICS

Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451), Other Measuring and Controlling Device Manufacturing (334519), Analytical Laboratory Instrument Manufacturing (334516)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Laboratory Analytical Instruments (3826), Measuring & Controlling Devices, Nec (3829)

akta.pro primary industry

Metrology, Inspection & Process Control Equipment (HDAHAEAH)

Keywords

• Semiconductor metrology
• Process control equipment
• Dimensional metrology
• Materials metrology
• Wafer inspection systems

Headquarters

HQ city

Rehovot

HQ country

Israel

HQ region

Middle East

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Semiconductor Metrology Equipment Sales: Nova generates revenue primarily from selling metrology and process control systems to semiconductor manufacturers. Revenue is driven by tool sales, service contracts, and spare parts. The company has demonstrated strong recurring revenue from service/support contracts with installed base customers.
2. Service and Support: Recurring revenue from customer support, maintenance, and applications services. The company maintains close relationships with customers through professional services teams located globally.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Nova designs, manufactures, and supports metrology and process control systems used by semiconductor manufacturers to measure critical dimensions, thin films, materials composition, and chemical concentrations on production wafers. Its portfolio spans integrated and stand-alone optical platforms, X-ray/Raman/SIMS/XPS materials analysis tools, electrochemical chemical metrology systems, and AI-enabled software (Nova MARS, Nova Fit, Nova Hub) for modeling, data analysis, and fleet management. Revenue is generated primarily through capital equipment sales to fabs and recurring service and support contracts tied to an installed base of 6,400+ tools.

Product overview

Nova provides a comprehensive portfolio of metrology and process control solutions for semiconductor manufacturing, organized into four product categories: Dimensional Metrology, Materials Metrology, Chemical Metrology, and Software Solutions. The Dimensional Metrology category includes integrated platforms (Nova i570® HP, i550®, i500®) and stand-alone optical metrology tools (Nova WMC, VeloCD®, Prism, MMSR+, T550®, T500®) that measure critical dimensions and thin films. Materials Metrology encompasses X-ray, Raman, and SIMS-based systems (Nova VeraFlex® III/III+/IV, QED, RACS, Metrion®, Elipson®) for materials composition analysis. Chemical Metrology includes platforms for electrochemical and wet chemical analysis (Nova Ancolyzer®, DMR®, AncoScene®, AncoFlex®). The Software Solutions portfolio (Nova MARS®, Fit®, Hub) combines AI and machine learning with advanced algorithms for process optimization and fleet management. Together, these products provide semiconductor manufacturers with actionable insights throughout the fabrication process, from front-end materials deposition through backend packaging.

Differentiator

Problem solved

Functional benefit

Brands

• Nova Metrion: Automated Secondary Ion Mass Spectrometry (SIMS) system for inline production process control in semiconductor manufacturing
• Nova VeraFlex
• Nova Elipson
• Nova AncoScene
• Nova WMC
• Nova VeloCD
• Nova i570
• Nova i550
• Nova i500
• Nova Ancolyzer
• Nova Fleet Management

Products and services

• Nova i570 HP Integrated metrology platform for optical critical dimensions and thin film measurements, designed for high-productivity semiconductor manufacturing at advanced technology nodes.
• Nova i550 Integrated metrology platform for optical critical dimensions and thin film measurements for advanced semiconductor manufacturing applications.
• Nova i500 Integrated metrology platform for optical critical dimensions and thin film measurements for semiconductor manufacturing processes.
• Nova WMC Next-generation modular optical metrology platform for advanced semiconductor packaging, addressing complexity demands in advanced packaging applications including AI and HPC devices.
• Nova VeloCD Optical CD platform for high productivity and high-performance metrology in semiconductor manufacturing.
• Nova Prism Optical critical dimension metrology tool providing advanced measurement capabilities for semiconductor fabrication.
• Nova MMSR+ Stand-alone metrology system for thin film and optical critical dimension measurements in semiconductor manufacturing.
• Nova T550 Stand-alone optical metrology platform for thin film and critical dimension measurements at advanced semiconductor nodes.
• Nova T500 Stand-alone optical metrology platform for semiconductor manufacturing process control and yield optimization.
• Nova VeraFlex III X-ray fluorescence (XRF) based thin film metrology system for materials composition analysis in semiconductor fabrication.
• Nova VeraFlex III+ Enhanced X-ray fluorescence (XRF) thin film metrology platform for advanced materials analysis in semiconductor manufacturing.
• Nova VeraFlex IV Next-generation X-ray fluorescence (XRF) thin film metrology system for materials characterization at cutting-edge semiconductor nodes.
• Nova QED Ellipsometry-based materials metrology solution for thin film characterization and process control.
• Nova RACS Raman spectroscopy-based materials metrology system for chemical composition and stress analysis in semiconductor devices.
• Nova Metrion First fully automated Secondary Ion Mass Spectrometry (SIMS) system validated for inline production process control, enabling full-wafer mapping and near-real-time detection of process excursions for Gate-All-Around and advanced DRAM production.
• Nova Elipson X-ray photoelectron spectroscopy (XPS) based materials metrology system for surface composition analysis in semiconductor manufacturing.
• Nova Ancolyzer Chemical metrology platform for electrochemical analysis in semiconductor manufacturing, enabling chemical concentration measurements and process control.
• Nova DMR Chemical metrology platform for dynamic process monitoring and chemical analysis in semiconductor fabrication.
• Nova AncoScene Chemical metrology platform for chemical composition analysis in advanced semiconductor processes, supporting front-end and back-end applications.
• Nova AncoFlex Chemical metrology system for flexible packaging and advanced semiconductor applications requiring chemical process control.
• Nova MARS AI and machine learning-powered software solution for modeling and data analysis in semiconductor fabrication, enabling advanced process optimization.
• Nova Fit Software solution for metrology data fitting and model optimization in semiconductor manufacturing processes.
• Nova Hub Fleet connectivity and control software platform for managing and monitoring Nova metrology tools across semiconductor fabrication facilities.

Quantifiable outcome

• 31% year-over-year revenue growth in 2025 to $880.6 million
• +3 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature8 records

Partnerships

Two partnerships are on record, tiered core.

• Sentronics Metrology GmbHcoreStrategic or Co-development Partner · 3 February 2025Nova completed the acquisition of Sentronics Metrology GmbH, a German provider of wafer metrology tools, for approximately $60 million in cash. The acquisition aims to diversify Nova's offering in wafer level packaging and specialty devices, expanding its application range beyond 300mm silicon wafers.
• AncosyscoreStrategic or Co-development Partner · 16 November 2021Nova agreed to acquire Ancosys in a deal valued at approximately $100 million in all-cash. Ancosys provides chemical metrology solutions that complement Nova's portfolio.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Bruker Corporation: Bruker provides X-ray, mass spectrometry, and analytical instrumentation with growing presence in semiconductor materials characterization. It competes with Nova's VeraFlex, Metrion, and Elipson platforms in XRF, SIMS, and XPS metrology applications.
• Rigaku Corporation: Rigaku manufactures X-ray analytical instruments (XRF, XRD) for materials characterization with applications in semiconductor process control. It is an emerging player overlapping with Nova's VeraFlex XRF metrology portfolio.
• Carl Zeiss SMT: Carl Zeiss's Semiconductor Manufacturing Technology segment provides optical and electron-beam metrology and inspection solutions. It competes with Nova in optical and eBeam-based dimensional metrology at advanced semiconductor nodes.
• JEOL Ltd. JEOL produces electron microscopes, mass spectrometers, and analytical instruments with applications in semiconductor metrology and failure analysis. It competes with Nova's SIMS (Metrion) and XPS (Elipson) materials metrology solutions.

Direct peers

• Hitachi High-Tech: Hitachi High-Tech manufactures semiconductor metrology and inspection equipment (CD-SEM, defect inspection) and competes with Nova in dimensional and materials metrology at advanced nodes. It serves the same foundry/IDM customer base across logic and memory.
• Onto Innovation: Onto Innovation (formed from the merger of Nanometrics and Rudolph Technologies) provides optical metrology, inspection, and software for semiconductor manufacturing. It directly overlaps with Nova's dimensional metrology portfolio serving logic, memory, and advanced packaging customers.
• KLA Corporation: KLA is the dominant global supplier of process control and yield management solutions for the semiconductor industry. It directly competes with Nova across optical CD, thin film, and adjacent metrology segments and is the primary share donor for Nova's recent share gains.

Broad incumbents

• ASML Holding: ASML is the dominant lithography supplier and a broader incumbent in semiconductor manufacturing equipment. While not a direct metrology competitor, ASML's patterning roadmap defines the metrology requirements Nova must address, and the two share the same Tier-1 fab customers.
• Applied Materials: Applied Materials is a broad incumbent in semiconductor manufacturing equipment with metrology, inspection, and process control offerings within its wider portfolio. It overlaps with Nova in certain metrology adjacencies while serving overlapping foundry/IDM customers.
• Thermo Fisher Scientific: Thermo Fisher manufactures analytical and laboratory instruments (XRF, XPS, mass spectrometers) used in materials characterization. Its Analytical Instruments segment overlaps with Nova's materials metrology portfolio, particularly VeraFlex XRF and Metrion SIMS systems.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nova-ltd.
• Instagraminstagram.com/nova_ltd
• Xx.com/nova_nvmi
• Facebookfacebook.com/Nova.Ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries9 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nova