Filing Flows › Novanta (NOVT) › Q2 2026 › vs Q2 2025
Novanta (NOVT) Q2 2026 vs Q2 2025 (year over year)
Novanta's revenue rose $24.8M (+10%) from $241M in Q2 2025 to $266M in Q2 2026. Gross margin 45.5% against 44.3% (+1.2 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 45.5% | 44.3% | +1.2 pts |
| Operating margin | 6.8% | 6.2% | +0.6 pts |
| Net margin | 4.7% | 1.9% | +2.9 pts |
| Free cash flow margin | 21.6% | 4.8% | +16.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $266M | $241M | $24.8M | +10% |
| Gross profit | $121M | $107M | $14.2M | +13% |
| Cost of revenue | $145M | $134M | $10.6M | +8% |
| Operating profit | $18.1M | $14.9M | $3.1M | +21% |
| Operating expenses | $103M | $91.8M | $11.0M | +12% |
| Pre-tax earnings | $15.9M | $5.8M | $10.1M | +175% |
| Other expense, net | $2.2M | $9.1M | −$7.0M | -76% |
| Research & development | $24.0M | $25.3M | −$1.3M | -5% |
| SG&A | $60.0M | $47.1M | $12.9M | +27% |
| Other operating costs | $18.9M | $19.4M | −$529K | -3% |
| Net earnings | $12.5M | $4.5M | $8.0M | +179% |
| Income tax | $3.4M | $1.3M | $2.1M | +160% |
| Depreciation & amortization | $14.6M | $15.6M | −$933K | -6% |
| Share-based compensation | $9.8M | $7.5M | $2.3M | +31% |
| Working capital & other | $27.9M | −$12.5M | $40.4M | — |
| Operating cash flow | $64.9M | $15.1M | $49.9M | +331% |
| Free cash flow (OCF − capex) | $57.5M | $11.7M | $45.8M | +392% |
| Capital expenditures | $7.5M | $3.4M | $4.1M | +120% |
Questions
How much did Novanta's revenue grow year over year in Q2 2026?
Novanta's revenue rose $24.8M (+10%) from $241M in Q2 2025 to $266M in Q2 2026. Gross margin 45.5% against 44.3% (+1.2 pts).