<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NOVELLUS SYSTEMS, INC. 1996 IQ 10Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 52,080 <SECURITIES> 106,242 <RECEIVABLES> 119,312 <ALLOWANCES> 2,366 <INVENTORY> 46,991 <CURRENT-ASSETS> 342,644 <PP&E> 75,863 <DEPRECIATION> 26,238 <TOTAL-ASSETS> 394,933 <CURRENT-LIABILITIES> 95,194 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 120,734 <OTHER-SE> 179,005 <TOTAL-LIABILITY-AND-EQUITY> 394,933 <SALES> 115,284 <TOTAL-REVENUES> 115,284 <CGS> 48,419 <TOTAL-COSTS> 48,419 <OTHER-EXPENSES> 29,508 <LOSS-PROVISION> 170 <INTEREST-EXPENSE> 93 <INCOME-PRETAX> 39,245 <INCOME-TAX> 13,736 <INCOME-CONTINUING> 25,509 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 25,509 <EPS-PRIMARY> 1.55 <EPS-DILUTED> 1.55