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Novanta (NOVT) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 5, 2026 · Novanta (NOVT) Q2 2026 earnings results →
Q2 2026 Revenue up 10% year over year to $266M · 5¢ of every $1 of revenue kept as net profit · operating margin 6.8%
Novanta made $266M in Q2 2026 (+10% Y/Y). Operating margin 6.8%, net earnings $12.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $265.8M in Q2 2026, up 10% year over year and up 3% from the previous quarter.
Gross margin was 45.5%, up 1.2 points from Q2 2025. Operating profit was $18.1M, a 6.8% margin (up 0.6 points year over year). Of the extra revenue versus Q2 2025, 13% reached operating profit, above the 6% margin then. Operating expenses grew 12% against revenue growth of 10%. The fastest-growing cost line was SG&A (+27%). Net earnings were $12.5M, up 179% year over year. The effective tax rate was 21.1%.
Operating cash flow was $64.9M (up 331% year over year), 518% of net earnings. Non-cash charges added back $14.6M of depreciation and amortization and $9.8M of share-based compensation. Working capital and other items added $27.9M. Capital expenditures of $7.5M left free cash flow of $57.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 5, 2026 | $266M | +10% | 6.8% | $12.5M | $64.9M |
| Q1 2026 | 10-Q | May 11, 2026 | $258M | +10% | 10.7% | $21.1M | $51.6M |
| Q4 2025 | 10-K | Feb 23, 2026 | $258M | +8% | 9.6% | $17.5M | $8.8M |
| Q3 2025 | 10-Q | Nov 3, 2025 | $248M | +1% | 8.8% | $10.7M | $8.5M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $241M | +2% | 6.2% | $4.5M | $15.1M |
| Q1 2025 | 10-Q | May 6, 2025 | $233M | +1% | 13.9% | $21.2M | $31.7M |
| Q4 2024 | 10-K | Feb 25, 2025 | $238M | +12% | 11.2% | $16.5M | $61.6M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Novanta
Novanta is a leading global supplier of core technology solutions that give medical, life science, and advanced industrial original equipment manufacturers a competitive advantage. We combine deep proprietary expertise and competencies in precision medicine, precision manufacturing, robotics and automation, and advanced surgery with a proven ability to solve complex technical challenges. This enables Novanta to engineer proprietary technology solutions that deliver extreme precision and performance, tailored to our customers' demanding applications. The driving force behind our growth is the team of innovative professionals who share a commitment to innovation, the Novanta Growth System, and our customers’ success. Novanta’s common shares are quoted on Nasdaq under the ticker symbol “NOVT.”
In its own words, from its 8-K, filed Aug 5, 2026.
Novanta against its Miscellaneous Electrical Machinery, Equipment & Supplies peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +10% against the peers' median +8%. Operating margin: 6.8% against the peers' median 2.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NOVT Novanta | Q2 2026 | $266M | +10% | 6.8% |
| ENS EnerSys | Q1 FY27 | $936M | +5% | 16.2% |
| ATKR Atkore | Q3 FY26 | $795M | +8% | 8.1% |
| SPB Spectrum Brands Holdings | Q3 FY26 | $753M | +8% | 2.1% |
| ENR Energizer Holdings | Q3 FY26 | $734M | +1% | 6.8% |
| FLNC Fluence Energy | Q3 FY26 | $650M | +8% | -6.7% |
| CHPT ChargePoint Holdings | Q2 FY27 | $116M | +18% | -29.3% |
| MVST Microvast Holdings | Q2 2026 | $87.3M | -4% | -2.0% |
| EOSE Eos Energy Enterprises | Q3 2026 | $82.7M | +171% | -95.9% |
Source: Novanta 10-Q on SEC EDGAR · CIK 1076930 · Miscellaneous Electrical Machinery, Equipment & Supplies
Guidance and outlook
13F: who owns NOVT and who is buying
More on NOVT
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results