Novanta (NASDAQ:NOVT) Releases Q2 2026 Earnings Guidance

Novanta (NASDAQ:NOVT) updated its second quarter 2026 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.810-0.860 for the period, compared to the consensus estimate of 0.860. The company issued revenue guidance of $259.0 million-$264.0 million, compared to the consensus revenue estimate of $256.9 million. Novanta also updated its FY 2026 guidance to 3.500-3.650 EPS.

Wall Street Analyst Weigh In

Several brokerages recently commented on NOVT. Zacks Research raised shares of Novanta from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Wall Street Zen downgraded shares of Novanta from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Novanta in a research note on Friday, April 17th. Finally, Robert W. Baird raised shares of Novanta from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $150.00 to $144.00 in a research note on Monday, March 30th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Novanta presently has a consensus rating of “Hold” and an average target price of $144.00.

Novanta Trading Up 1.2%

Shares of NOVT stock traded up $1.65 during trading hours on Monday, hitting $139.96. 612,672 shares of the company’s stock traded hands, compared to its average volume of 420,164. The stock’s 50 day simple moving average is $125.83 and its 200 day simple moving average is $125.05. The stock has a market cap of $4.98 billion, a PE ratio of 95.86 and a beta of 1.62. Novanta has a 12 month low of $98.27 and a 12 month high of $149.95. The company has a quick ratio of 2.80, a current ratio of 3.69 and a debt-to-equity ratio of 0.16.

Novanta (NASDAQ:NOVT) last released its quarterly earnings results on Monday, May 11th. The technology company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. Novanta had a net margin of 5.49% and a return on equity of 13.12%. The firm had revenue of $257.71 million during the quarter, compared to the consensus estimate of $253.40 million. Novanta has set its FY 2026 guidance at 3.500-3.650 EPS and its Q2 2026 guidance at 0.810-0.860 EPS. On average, sell-side analysts anticipate that Novanta will post 3.54 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Robert Buckley sold 9,957 shares of Novanta stock in a transaction on Monday, March 16th. The shares were sold at an average price of $116.77, for a total transaction of $1,162,678.89. Following the completion of the transaction, the chief financial officer owned 96,616 shares of the company’s stock, valued at $11,281,850.32. This trade represents a 9.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthijs Glastra sold 7,500 shares of Novanta stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $145.04, for a total transaction of $1,087,800.00. Following the transaction, the chief executive officer directly owned 57,367 shares of the company’s stock, valued at $8,320,509.68. This represents a 11.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,380 shares of company stock valued at $3,296,276 in the last three months. 1.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Novanta

A number of hedge funds have recently bought and sold shares of the company. Corient Private Wealth LLC bought a new position in Novanta during the fourth quarter worth $275,000. Invesco Ltd. raised its holdings in shares of Novanta by 9.0% during the fourth quarter. Invesco Ltd. now owns 68,089 shares of the technology company’s stock valued at $8,102,000 after purchasing an additional 5,600 shares during the period. Alberta Investment Management Corp acquired a new position in shares of Novanta during the fourth quarter valued at about $1,285,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Novanta during the 4th quarter worth about $314,000. Finally, Empowered Funds LLC grew its stake in shares of Novanta by 16.7% in the 4th quarter. Empowered Funds LLC now owns 7,888 shares of the technology company’s stock valued at $939,000 after buying an additional 1,128 shares during the period. Institutional investors own 98.35% of the company’s stock.

Novanta Company Profile

Novanta, Inc (NASDAQ: NOVT) is a global technology company that designs and manufactures precision components, subsystems and software used in advanced photonics and motion control applications. The company serves customers in the medical device and advanced industrial markets, supplying critical technologies for diagnostics and therapeutic systems, semiconductor and electronics manufacturing, and scientific instrumentation. Novanta’s product portfolio includes laser control modules, optics, beam delivery systems, high-precision motors, actuators, stages, and fluidics solutions designed to meet stringent accuracy and reliability requirements.

Novanta’s Photonics segment delivers laser and energy delivery components that enable minimally invasive surgical procedures and diagnostic imaging.