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Nova Announces $200M Buyback Plan
Nova (NASDAQ: NVMI) today announced that its board of directors authorized a new share repurchase program providing for the repurchase of up to $200 million of the Company's ordinary shares.
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Nova shares are trading higher after the company announced a $200 million buyback plan.
Read original at benzingaShould You Invest in NVMI Stock Following Healthy Q2 Results?
Nova Ltd. (NVMI) reported record Q2 2026 revenue of $255M (up 16% YoY) and non-GAAP EPS of $2.51 (up 14% YoY), driven by strong demand for advanced semiconductor process-control solutions. The company projects Q3 revenue of $277M-$287M and EPS of $2.70-$2.85, supported by customer transitions to Gate-All-Around (GAA) architectures and advanced packaging solutions. Nova benefits from increasing metrology intensity as semiconductor manufacturing complexity rises.
Read original at zacks-investment-research