Filing Flows › Novanta (NOVT) › Q2 2026 › vs Q1 2026
Novanta (NOVT) Q2 2026 vs Q1 2026 (quarter over quarter)
Novanta's revenue rose $8.1M (+3%) from $258M in Q1 2026 to $266M in Q2 2026. Gross margin 45.5% against 44.1% (+1.4 pts).
Novanta, Q2 2026: revenue $266M (+10% year over year), operating margin 6.8%, net earnings $12.5M, operating cash flow $64.9M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 45.5% | 44.1% | +1.4 pts |
| Operating margin | 6.8% | 10.7% | -3.9 pts |
| Net margin | 4.7% | 8.2% | -3.5 pts |
| Free cash flow margin | 21.6% | 18.4% | +3.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $266M | $258M | $8.1M | +3% |
| Gross profit | $121M | $114M | $7.3M | +6% |
| Cost of revenue | $145M | $144M | $763K | +0.5% |
| Operating profit | $18.1M | $27.5M | −$9.5M | -34% |
| Operating expenses | $103M | $86.0M | $16.8M | +20% |
| Pre-tax earnings | $15.9M | $26.4M | −$10.5M | -40% |
| Other expense, net | $2.2M | $1.2M | $978K | +83% |
| Research & development | $24.0M | $23.3M | $717K | +3% |
| SG&A | $60.0M | $54.4M | $5.6M | +10% |
| Other operating costs | $18.9M | $8.4M | $10.5M | +126% |
| Net earnings | $12.5M | $21.1M | −$8.6M | -41% |
| Income tax | $3.4M | $5.3M | −$1.9M | -36% |
| Depreciation & amortization | $14.6M | $14.2M | $488K | +3% |
| Share-based compensation | $9.8M | $9.8M | $40K | +0.4% |
| Working capital & other | $27.9M | $6.6M | $21.4M | +326% |
| Operating cash flow | $64.9M | $51.6M | $13.3M | +26% |
| Free cash flow (OCF − capex) | $57.5M | $47.5M | $10.0M | +21% |
| Capital expenditures | $7.5M | $4.1M | $3.3M | +80% |
Questions
How much did Novanta's revenue grow quarter over quarter in Q2 2026?
Novanta's revenue rose $8.1M (+3%) from $258M in Q1 2026 to $266M in Q2 2026. Gross margin 45.5% against 44.1% (+1.4 pts).