Filing Flows › Novanta (NOVT) › Q1 2026
Novanta (NOVT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Novanta (NOVT) reported revenue of $258M for the first quarter 2026 (Q1 2026), +10% from a year earlier and -0.2% from the quarter before. Operating margin was 10.7%, net earnings $21.1M (8.2% of revenue).
Novanta, Q1 2026: revenue $258M (+10% year over year), operating margin 10.7%, net earnings $21.1M, operating cash flow $51.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $258M | -0.2% | +10% |
| Gross profit | $114M | +0.3% | +9% |
| Operating profit | $27.5M | +11% | -15% |
| Net earnings | $21.1M | +21% | -0.5% |
| Operating cash flow | $51.6M | +486% | +63% |
| Free cash flow | $47.5M | +825% | +73% |
What changed
Revenue was $257.7M in Q1 2026, up 10% year over year and roughly flat from the previous quarter.
Gross margin was 44.1%, down 0.6 points from Q1 2025. Operating profit was $27.5M, a 10.7% margin (down 3.2 points year over year). Operating profit fell $4.9M even though revenue rose $24.3M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 20% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+170%). Net earnings were $21.1M, down 1% year over year. The effective tax rate was 19.9%.
Operating cash flow was $51.6M (up 63% year over year), 245% of net earnings. Non-cash charges added back $14.2M of depreciation and amortization and $9.8M of share-based compensation. Working capital and other items added $6.6M. Capital expenditures of $4.1M left free cash flow of $47.5M.
Questions
What was Novanta's revenue in the first quarter 2026?
Novanta (NOVT) reported revenue of $258M for the first quarter 2026 (Q1 2026), +10% from a year earlier and -0.2% from the quarter before.
Was Novanta profitable in the first quarter 2026?
Operating profit was $27.5M (10.7% of revenue) and net earnings $21.1M.
Source: Novanta 10-Q on SEC EDGAR.