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How Novanta (NOVT) makes money

Novanta (NOVT) made $266M of revenue in the second quarter 2026 (Q2 2026), +10% from a year earlier. Of every dollar of revenue, 45¢ was left as gross profit, 7¢ was left as operating profit, 5¢ was left as net earnings.

Drawing the Sankey…

Novanta revenue by quarterNovanta revenue by quarter$238MQ4 2024$233MQ1 2025$241MQ2 2025$248MQ3 2025$258MQ4 2025$258MQ1 2026$266MQ2 2026
Novanta: where each dollar of revenue goesNovanta: where each dollar of revenue goesCost of revenue55¢Gross profit45¢Operating expenses39¢Operating profit7¢Income tax1¢Net earnings5¢Operating cash flow24¢Free cash flow22¢

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$266M100.0%
Cost of revenue$145M54.5%
Gross profit$121M45.5%
Operating expenses$103M38.7%
Operating profit$18.1M6.8%
Income tax$3.4M1.3%
Net earnings$12.5M4.7%
Operating cash flow$64.9M24.4%
Free cash flow$57.5M21.6%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$266M+10%
Q1 2026$258M+10%
Q4 2025$258M+8%
Q3 2025$248M+1%
Q2 2025$241M+2%
Q1 2025$233M+1%
Q4 2024$238M+12%

From Novanta's 10-Q filed Aug 5, 2026 (on EDGAR).

Questions

How does Novanta make money?

Novanta (NOVT) made $266M of revenue in the second quarter 2026 (Q2 2026), +10% from a year earlier. Of every dollar of revenue, 45¢ was left as gross profit, 7¢ was left as operating profit, 5¢ was left as net earnings.

What is Novanta's profit margin?

Net earnings were $12.5M, 4.7% of revenue, in the second quarter 2026; the operating margin was 6.8%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.