Shares of Nova Ltd (NVMI), a leading semiconductor metrology solutions provider, soared over 12% in pre-market trading on Thursday, February 13, 2025, driven by the company's record financial performance in the fourth quarter of 2024 and an upbeat outlook for the first quarter of 2025.

For the fourth quarter ended December 31, 2024, Nova reported record quarterly revenue of $194.8 million, marking a staggering 45% year-over-year increase and surpassing analysts' expectations. The company's non-GAAP earnings per diluted share came in at $1.94, comfortably beating the consensus estimate and representing a 43% jump from the prior-year quarter.

Nova's impressive results were fueled by record sales across multiple product lines, including materials metrology and advanced packaging processes. The company witnessed growing adoption of its solutions, particularly the Nova Metrion and Nova Veraflex platforms, across various market segments.

Looking ahead, Nova provided an optimistic guidance for the first quarter of 2025. The company expects non-GAAP earnings per diluted share in the range of $2.00 to $2.16, surpassing analysts' projections. Revenue for the quarter is anticipated to be between $205 million and $215 million, well above the consensus estimate, driven by continued strong demand for Nova's innovative products.

Analysts are bullish on Nova's prospects, citing the company's strategic penetration into leading manufacturers, expanding market share, and perpetual innovation as key growth drivers. The company's ability to deliver cutting-edge metrology solutions is expected to support its customers' efforts to develop and produce the most advanced semiconductor devices, positioning Nova for sustained growth in the rapidly evolving industry.