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NOVA Company Contact : Dror David , Chief Financial Officer Tel : + 972-73-229-5760 E - mail - investors@novami.com Nova website link - https://www.novami.com/ Investor Relations Contact : Miri Segal MS - IR LLC Tel : + 917-607-8654 Email - msegal@ms-ir.com Nova Reports Record Second Quarter 2021 Results Rehovot , Israel , August 5 , 2021 - Nova ( Nasdaq : NVMI ) today announced record financial results for the second quarter of 2021 , the period ended June 30 , 2021 . Second Quarter 2021 Highlights : ● PROCESS INSIGHT ● Record quarterly revenue of $ 97.7 million , up 56 % year over year Record GAAP net income of $ 22.9 million , or $ 0.77 per diluted share , up 157 % year over year on a per - share basis Record non - GAAP net income of $ 26.9 million , or $ 0.90 per diluted share , up 88 % year over year on a per - share basis The continuing proliferation of optical CD standalone solutions to various leading customers drove sales to a new quarterly high Broader exposure to multiple accounts strengthened geographical diversification with record revenues from China GAAP Results ( SK ) Revenues Net Income Earnings per Diluted Share NON - GAAP Results ( $ K ) Net Income Q2 2021 $ 97,746 $ 22.924 $ 0.77 Q2 2021 $ 26,886 $ 0.90 Q1 2021 $ 84,133 $ 17,616 $ 0.60 Q1 2021 $ 20,485 $ 0.70 Q2 2020 $ 62,586 $ 8,672 $ 0.30 Q2 2020 $ 13,774 $ 0.48 Earnings per Diluted Share A reconciliation between GAAP operating results and non - GAAP operating results is provided following the financial statements that are part of this release . See also " Use of Non - GAAP Adjusted Financial Measures " section . Management Comments " We continue to reap the benefits of our well - executed plans meeting the Company's strategic targets . Our evolving product portfolio resonates well with our customers and propelled our continuous growth with another strong quarter , " commented Eitan Oppenhaim , President and Chief Executive Officer . " Following our consistent achievements this year , we announced during our recent analyst and investor day , our new plan to organically grow the business to more than $ 500M in revenues . The combination of our financial model , operation leverage , and diversified portfolio supports our plans to continue our growth across segments and customers . Along with our guidance for the third quarter of 2021 , we are well - positioned to achieve another record year and position Nova to capitalize on further opportunities in different territories . "