Filing Flows › Novanta (NOVT) › Q1 2026 › vs Q1 2025
Novanta (NOVT) Q1 2026 vs Q1 2025 (year over year)
Novanta's revenue rose $24.3M (+10%) from $233M in Q1 2025 to $258M in Q1 2026. Gross margin 44.1% against 44.7% (-0.6 pts).
Novanta, Q1 2026: revenue $258M (+10% year over year), operating margin 10.7%, net earnings $21.1M, operating cash flow $51.6M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Gross margin | 44.1% | 44.7% | -0.6 pts |
| Operating margin | 10.7% | 13.9% | -3.2 pts |
| Net margin | 8.2% | 9.1% | -0.9 pts |
| Free cash flow margin | 18.4% | 11.7% | +6.7 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $258M | $233M | $24.3M | +10% |
| Gross profit | $114M | $104M | $9.2M | +9% |
| Cost of revenue | $144M | $129M | $15.1M | +12% |
| Operating profit | $27.5M | $32.4M | −$4.9M | -15% |
| Operating expenses | $86.0M | $71.9M | $14.1M | +20% |
| Pre-tax earnings | $26.4M | $26.4M | −$64K | -0.2% |
| Other expense, net | $1.2M | $6.0M | −$4.8M | -80% |
| Research & development | $23.3M | $23.2M | $13K | +0.1% |
| SG&A | $54.4M | $45.6M | $8.8M | +19% |
| Other operating costs | $8.4M | $3.1M | $5.3M | +170% |
| Net earnings | $21.1M | $21.2M | −$109K | -0.5% |
| Income tax | $5.3M | $5.2M | $45K | +0.9% |
| Depreciation & amortization | $14.2M | $13.6M | $597K | +4% |
| Share-based compensation | $9.8M | $7.1M | $2.7M | +38% |
| Working capital & other | $6.6M | −$10.2M | $16.7M | — |
| Operating cash flow | $51.6M | $31.7M | $19.9M | +63% |
| Free cash flow (OCF − capex) | $47.5M | $27.4M | $20.1M | +73% |
| Capital expenditures | $4.1M | $4.3M | −$146K | -3% |
Questions
How much did Novanta's revenue grow year over year in Q1 2026?
Novanta's revenue rose $24.3M (+10%) from $233M in Q1 2025 to $258M in Q1 2026. Gross margin 44.1% against 44.7% (-0.6 pts).