Slide 1: Nova Investor Presentation
Nova Investor Presentation November 2025 1 © Nova confidential & proprietary information
Slide 2: Cautionary Statements
Use of Non-GAAP Adjusted Financial Measures This presentation provides financial measures that exclude amortization of Factors that may affect our results, performance, circumstances or acquired intangible assets, acquisition-related expenses, inventory step-up and achievements include, but are not
Slide 3: Nova is a leading innovator in advanced metrology and process control
Nova is a leading innovator, and a key provider of advanced metrology and process control solutions used in semiconductor manufacturing 3 © Nova confidential & proprietary information
Slide 4: Revealing the Invisible
Revealing the Invisible Actionable Insight, Critical Foresight Advanced Logic (AI-Enabled) A100 B100 8 Logic DRAM NAND Packaging X Advanced 25B Dimensional Transistors 200B Software Advanced Memory Materials 128T X 3 300T Tiers Chemical Advanced Packaging Physical & Mathematical 300, 200, 150 mm Waf
Slide 5: Company Revenues: Proven execution
Revenue ($M) Company Revenues (M$) 5Y CAGR Proven execution Nova 878 Product +28% Revenue Resilient business model 5Y CAGR Outperforming the industry 517 WFE +13% Differentiated Portfolio 5Y CAGR 269 Organic Growth Engines Diverse Revenue Streams 2020 2023 2025F Diverse Markets & Nodes Global Footpr
Slide 6: Quarterly Performance
Quarterly Performance $225M Revenue Q3 25 Highlights +25% $179M YoY Record quarterly revenue EPS $2.16 Record quarterly revenue from +24% $1.74 memory devices YoY Record quarterly revenue from Q3 2024 Q3 2025 advanced logic devices Record quarterly revenue from Service Company Guidance Revenue EPS $
Slide 7: AI-Driven Market With Multiple Growth Engines
AI-Driven Market With Multiple Growth Engines Revenue in $B AI Semi Non-AI Semi Revenue CAGR 2024-2029 11% 23% $1T 1126 Industry AI Semi Advanced Mature Logic 9% Logic 1025 1115 994 GAA 910 438 50% 773 331 387 397 Advanced 266 19% Memory 656 ה 205 138 HBM 18% 568 644 663 638 642 688 37% 518 Advanc
Slide 8: Multiple Device Inflections Increasing Process Control Intensity
2020 2030 Multiple Device Inflections Logic FinFET GAA + BPD CFET DRAM Increasing Complexity 2D 4F2 3D DRAM 3D NAND Single Stack Multi Stack Multi Deck (HB) Increase Process Control Intensity Advanced Packaging Controller Silicon Interposer Processor 2D FO 2.5D Interposer 3D HB 8 © Nova confidential
Slide 9: Metrology Intensity Driven by Critical Applications
Metrology Intensity Driven by Critical Applications Dimensional • Nanosheets, Nano TSV’s • HAR CD’s • TSV & RDL Metrology • Wafer Edge Metrology • HB Metrology • Pre- and Post- HB Metrology Materials • Panel-Level Metrology • Silicon Stress and Strain • Composition and Thickness • New Material Chara
Slide 10: Global Strength, Ready for Secular Growth
Global Strength, Ready for Secular Growth 4 R&D and Production Centers, 31 sites +80% Production Capacity Europe USA Germany 2 sites Korea California 3 Sites Japan 4 sites 4 Sites 4 sites 2 Sites China 2 Sites Israel Taiwan Rehovot; 5 Sites Ness Ziona Corporate Singapore sites 1 Site Legend: R&D and
Slide 11: Critical Dimensions, Material Properties, Chemical Analytics
Critical Dimensions Integrated Standalone Standalone Standalone Standalone Material Properties XPS, XRF Raman Spectroscopy SIMS Physical & Mathematical Modeling Big Data Analytics Fleet Management Chemical Analytics Front End Wafer Level Packaging Direct Metal Replenishment
Slide 12: Unique Solutions for Complex Challenges
Unique Solutions for Complex Challenges Dimensional Materials & Chemical TTV/Edge Properties Topography Composition Isolate Structures Stress HAR Structures Conformality Variability Interfaces Mixed Dimensional & Materials 12 © Nova confidential & proprietary information
Slide 13: Leveraging Technology Differentiation
Leveraging Technology Differentiation Dimensional Optical CD Materials Chemical AncoScene® Ancolyzer® DMR® Integrated VeloCD/ Prism WMC VeraFlex® Elipson® Metrion® Front-End Wafer level Direct Metal Stand-alone (XPS+SRF) (Inline Raman) (Inline SIMS) packaging Replenishment Adv. Logic Adv. Memory ה
Slide 14: Targeting Double-Digit Annual Growth
Targeting Double-Digit Annual Growth Service Gross Margin 22% 160 46% CAGR $134M 43% 140 38% 120 $106M 100 80 $60M 60 6400 40 4600 20 3000 0 2020 2022 2024 2020 2022 2024 Revenue Installed base Service profitability Service revenue growth accelerates profitability, enhancing margin resilience and lo
Slide 15: Elements of Product Strategy
Elements of Product Strategy Organic & Maintain Tech Leadership ;; Materials Leadership of Annual Revenue invested in R&D New Growth Engines;; Early Access Lab to Fab Technology Path Finding and Incubation ;; Adjacent Process Control Markets 15 © Nova confidential & proprietary information
Slide 16: Financial Target Model
Financial Target Model Operating Margin Earnings 28%-33% ~10$ M&A $1000M $800M Revenue R&D Investment Tax +$1B 15%-17% 15% $600M $400M Gross Margin SG&A Share Count 57%-60% 12%-14% 32M 2019 2024 2027 Company revenues, Non-GAAP Financials 16 © Nova confidential & proprietary information
Slide 17: Read the 2025 Sustainability Impact Review
Integrity & People First Always Scope 1+2 Foundation Transparency Established Governance Social Environment Read the 2025 Sustainability Impact Review 17 © Nova confidential & proprietary information
Slide 18: Key Takeaways
Key Takeaways Positioned for Continuous Growth Process complexity, new markets and geopolitics drive investments Gross Margin Increasing need for advanced metrology and process control solutions Unique, disruptive technology portfolio 57%-60% Stronger position, penetrating new segments, expanding TA
Slide 19: Thank You
Thank You 19 © Nova confidential & proprietary information