Nova stock falls 1.91 percent as Q2 growth remains strong

Nova stock was trading at USD 361.21 on Nasdaq at 2:53 p.m. ET on September 28, 2026, down 1.91 percent from USD 368.23. The latest company backdrop combines a second-quarter beat, higher third-quarter guidance and a USD 200.0 million share repurchase authorization.

Q2 revenue reached USD 255 million

Nova reported record second-quarter 2026 revenue of USD 255.00 million, up 16 percent year over year, while non-GAAP EPS reached USD 2.51 versus a USD 2.41 consensus estimate, Zacks reported on August 31, 2026. The revenue figure also exceeded the consensus estimate by 0.9 percent, giving the quarterly result a clear earnings comparison.

Management guided for third-quarter revenue of USD 277.00 million to USD 287.00 million and non-GAAP EPS of USD 2.70 to USD 2.85, according to Zacks. The midpoint of the revenue range is USD 282.00 million, which would exceed the second-quarter figure by USD 27.00 million.

Buyback supports the capital story

Nova's board authorized a share repurchase program of up to USD 200.0 million on September 2, 2026. The authorization covers open-market and privately negotiated purchases, while the timing and volume remain at the board's discretion, according to Morningstar.

Analyst expectations remain materially above the September 28 market price. MarketBeat reported on September 18, 2026, that the average 12-month target was USD 514.44, with eight buy ratings, one strong-buy rating and two holds. That target lies 42.42 percent above the Nasdaq price of USD 361.21.

Stock remains below its yearly high

At USD 361.21, Nova was 41.49 percent below its 52-week high of USD 615.99 and 35.27 percent above its 52-week low of USD 266.43 on September 28, 2026. Market capitalization stood at USD 11.8 billion on the same date, while the business continues to sell metrology and process-control systems for semiconductor manufacturing.