Filing Flows › Novanta (NOVT) › Q1 2026 › vs Q4 2025
Novanta (NOVT) Q1 2026 vs Q4 2025 (quarter over quarter)
Novanta's revenue fell $642K (-0.2%) from $258M in Q4 2025 to $258M in Q1 2026. Gross margin 44.1% against 43.8% (+0.2 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 Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Gross margin | 44.1% | 43.8% | +0.2 pts |
| Operating margin | 10.7% | 9.6% | +1.1 pts |
| Net margin | 8.2% | 6.8% | +1.4 pts |
| Free cash flow margin | 18.4% | 2.0% | +16.4 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $258M | $258M | −$642K | -0.2% |
| Gross profit | $114M | $113M | $315K | +0.3% |
| Cost of revenue | $144M | $145M | −$957K | -0.7% |
| Operating profit | $27.5M | $24.8M | $2.7M | +11% |
| Operating expenses | $86.0M | $88.4M | −$2.4M | -3% |
| Pre-tax earnings | $26.4M | $21.7M | $4.7M | +22% |
| Other expense, net | $1.2M | $3.2M | −$2.0M | -62% |
| Research & development | $23.3M | $22.9M | $384K | +2% |
| SG&A | $54.4M | $51.6M | $2.8M | +5% |
| Other operating costs | $8.4M | $14.0M | −$5.6M | -40% |
| Net earnings | $21.1M | $17.5M | $3.6M | +21% |
| Income tax | $5.3M | $4.2M | $1.0M | +25% |
| Depreciation & amortization | $14.2M | $17.1M | −$2.9M | -17% |
| Share-based compensation | $9.8M | $8.2M | $1.6M | +19% |
| Working capital & other | $6.6M | −$34.0M | $40.5M | — |
| Operating cash flow | $51.6M | $8.8M | $42.8M | +486% |
| Free cash flow (OCF − capex) | $47.5M | $5.1M | $42.3M | +825% |
| Capital expenditures | $4.1M | $3.7M | $466K | +13% |
Questions
How much did Novanta's revenue grow quarter over quarter in Q1 2026?
Novanta's revenue fell $642K (-0.2%) from $258M in Q4 2025 to $258M in Q1 2026. Gross margin 44.1% against 43.8% (+0.2 pts).