NVMI · PEAD → 0

Nova Ltd reported Q2 2026 EPS of $2.35 on 2026-08-06, beating the $2.23 consensus by $0.12 (+5.4%).

Print-day reaction was −5.2% versus the prior close, a sharp sell-the-news move that sent NVMI well below its pre-earnings level despite the EPS beat. The overnight gap to the T+1 open recovered +4.0%, suggesting some after-hours stabilisation but not a clean reversal. Over the subsequent two trading days the stock drifted a further +0.7%, a modest continuation of the overnight bounce that failed to recoup the print-day loss. Cumulative abnormal return of −1.7% versus SPY.US lands between the ±3% PEAD thresholds; direction is none, conviction 0, holding window closes 2026-11-03.