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Novanta Inc (NOVT)
NASDAQ:NOVT
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.78Last Year’s EPS
0.74Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call featured strong operational momentum: record revenue, broad-based double-digit bookings, significant new product traction, improved backlog, adjusted EBITDA and EPS growth, a net cash position, and robust 2026 guidance (revenue, margins, EBITDA, and cash flow). The main negatives were temporary and operational: Q4 margin compression, higher working capital and inventory from prioritized customer deliveries and regional manufacturing transfers, and a sharp Q4 cash flow decline. Management provided clear remediation actions (cost adjustments in January, completion of transfers by end of Q2) and reiterated confidence in margin expansion and cash rebound in 2026. On balance, the positive indicators and expected recovery outweigh the transitory headwinds.Company Guidance
Record Quarterly and Full-Year Revenue
Q4 record revenue with 9% reported growth, 2% organic growth, and 4% sequential growth; full-year 2025 revenue of $981 million (company's largest year ever).
Strong Bookings and Backlog
Bookings surged 25% year-over-year and 12% sequentially in Q4 with company book-to-bill of 1.11; full-year bookings up 14% with a full-year book-to-bill of 1.01; multiple business units reported book-to-bill >1 and backlogs ~1.5–2x quarterly revenue.
Robust New Product Momentum
New product sales in Q4 grew >80% year-over-year (vitality index 24%); full-year new product sales up >60% (vitality index 22%); company-wide design wins up >20% year-over-year.
Profitability Expansion (Non-GAAP)
Q4 adjusted EBITDA grew 17% year-over-year to $61 million with a 23.5% adjusted EBITDA margin; Q4 adjusted diluted EPS up 20% year-over-year ($0.91). Full-year adjusted EPS $3.29 (+7% YoY).
Net Cash Position and Deleveraging
Ended Q4 with $381 million cash and gross debt $260 million, net debt negative $121 million (net leverage ratio -0.5x); revolver reduced by >$300 million using November fundraise proceeds.
Acquisition Firepower
Raised >$600 million in November and report ~ $1.5 billion total acquisition capacity; management expects to deploy meaningful capital in 2026 to accelerate growth.
Positive 2026 Outlook and Guidance
FY2026 revenue guidance $1,030M–$1,050M (4%–6% organic growth); adjusted gross margin target ~47% (+100 bps YoY); adjusted EBITDA $245M–$250M (~24% margin); EPS $3.50–$3.65 (up to 11% YoY); operating cash flow guide $145M–$185M (more than double 2025).
Broad-Based End-Market Strength
Medical Solutions: Q4 revenue +16% YoY, advanced surgery business ~15% growth and strong consumables traction; Robotics & Automation: Q4 revenue +6% YoY with traction in GPU board drilling and warehouse/humanoid wins; Precision Manufacturing bookings up 4 consecutive quarters.
NOVT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NOVT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 23, 2026 | $142.38 | $137.44 | -3.47% |
Nov 03, 2025 | $135.86 | $129.33 | -4.81% |
Aug 05, 2025 | $124.01 | $115.70 | -6.70% |
May 06, 2025 | $120.01 | $117.69 | -1.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Novanta Inc (NOVT) report earnings?
Novanta Inc (NOVT) is schdueled to report earning on May 12, 2026, Before Open (Confirmed).
What is Novanta Inc (NOVT) earnings time?
Novanta Inc (NOVT) earnings time is at May 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NOVT EPS forecast?
NOVT EPS forecast for the fiscal quarter 2026 (Q1) is 0.78.