Nova Ltd. (NASDAQ:NVMI) Q3 2023 Earnings Call Transcript

Gaby Waisman: Correct.

Vedvati Shrotre: Got it. Thank you.

Gaby Waisman: Sure.

Operator: Thank you. The next question comes from Mark Miller with the Benchmark Company. Please go ahead.

Mark Miller: Congratulations on your quarter and outlook. I just wanted to get a little more understanding. You said there were pull-ins from the fourth quarter. Was that – was that due to memory specifically high bandwidth memory? I’m just wondering what pull-ins were being driven by?

Dror David: Yes. It’s – these pull-ins were around memory, but not only HPM.

Mark Miller: Okay. Taiwan Semiconductor announced that it was pushing out – it’s one of – its first Arizona plant due to staffing. Has that had any impact on your backlog or any impact at all when your forecast?

Gaby Waisman: So we are working very closely with all of our customers. And naturally, we keep very close contact in order to understand the exact delivery plan. So we are working closely with all of our customers, including that one in making sure that we’re fully aligned and we have proved so in the third quarter as well, and I expect it to continue in the fourth quarter.

Mark Miller: Thank you.

Operator: Thank you. This concludes our question-and-answer session. I would now like to turn the conference back over to Mr. Gaby Waisman, Nova’s President and CEO, for any closing remarks. Over to you, sir.

Gaby Waisman: Thank you, operator, and thank you all for joining our call today.

Operator: Thank you. The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.