Filing Flows › Novanta (NOVT) › Q3 2026 › vs Q2 2026
Novanta (NOVT) Q3 2026 vs Q2 2026 (quarter over quarter)
Novanta's revenue rose $39.2M (+15%) from $266M in Q2 2026 to $305M in Q3 2026. Gross margin 44.5% against 45.5% (-1.0 pts).
Novanta, Q3 2026: revenue $305M (+23% year over year), operating margin 4.6%, net earnings $2.0M, operating cash flow $39.3M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 44.5% | 45.5% | -1.0 pts |
| Operating margin | 4.6% | 6.8% | -2.2 pts |
| Net margin | 0.7% | 4.7% | -4.1 pts |
| Free cash flow margin | 10.0% | 21.6% | -11.7 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $305M | $266M | $39.2M | +15% |
| Gross profit | $136M | $121M | $14.7M | +12% |
| Cost of revenue | $169M | $145M | $24.5M | +17% |
| Operating profit | $13.9M | $18.1M | −$4.2M | -23% |
| Operating expenses | $122M | $103M | $18.9M | +18% |
| Pre-tax earnings | $6.3M | $15.9M | −$9.6M | -60% |
| Other expense, net | $7.6M | $2.2M | $5.4M | +250% |
| Research & development | $26.3M | $24.0M | $2.4M | +10% |
| SG&A | $57.6M | $60.0M | −$2.4M | -4% |
| Other operating costs | $37.8M | $18.9M | $18.9M | +100% |
| Net earnings | $2.0M | $12.5M | −$10.5M | -84% |
| Income tax | $4.3M | $3.4M | $972K | +29% |
| Depreciation & amortization | $27.4M | $14.6M | $12.8M | +87% |
| Share-based compensation | $10.1M | $9.8M | $229K | +2% |
| Working capital & other | $190K | −$27.9M | $28.1M | — |
| Operating cash flow | $39.3M | $64.9M | −$25.6M | -39% |
| Free cash flow (OCF − capex) | $30.4M | $57.5M | −$27.1M | -47% |
| Capital expenditures | $9.0M | $7.5M | $1.5M | +20% |
Questions
How much did Novanta's revenue grow quarter over quarter in Q3 2026?
Novanta's revenue rose $39.2M (+15%) from $266M in Q2 2026 to $305M in Q3 2026. Gross margin 44.5% against 45.5% (-1.0 pts).