
NOVANTA INC
NOVTNASDAQTrading Snapshot
- Day Range
- $165.96 β $169.33
- 52-Week Range
- $98.27 β $176.38
- Volume
- $4.49B
- Avg Volume
- $3.45B
- Shares Outstanding
- 35.6M
- Next Earnings
- Oct 6, 2026
Fundamentals Snapshot
- Annual Revenue
- $981M
- Last Q Revenue
- $266M
- P/E Ratio
- 105.5
- P/S Ratio
- 5.8x
- EPS (TTM)
- $1.51
- Dividend Yield
- 0.00%
Why Investors Own NOVT
- βHigh-growth profile β revenue up +46.2% YoY with expanding US Equity exposure.
- βHealthy economics β 64% gross margin and 16% free-cash-flow margin.
- βNew products and segments could unlock additional revenue streams.
Execution delays, intensifying competition, and valuation compression if growth decelerates.
Financial Trends
About NOVANTA INC
Operating globally, Novanta Inc. and its affiliated companies specialize in the development, production, and distribution of advanced photonics, vision, and precision motion components and sub-assemblies. These highly engineered solutions are supplied to Original Equipment Manufacturers (OEMs) across the medical and industrial sectors. Within its Photonics division, Novanta provides a suite of laser-driven technologies. These encompass systems for laser scanning, beam manipulation, and various laser types such as CO2, solid-state, ultrafast, and optical light engines. Their applications span critical areas like industrial manufacturing, precision measurement (metrology), advanced imaging in healthcare and biological research, DNA sequencing, and specialized medical laser treatments. The Vision segment delivers an array of medical-grade innovations. This portfolio comprises instruments like medical insufflators, pumps, and their associated consumables, alongside comprehensive visualization tools. It also features wireless communication systems, video recording devices, and integration platforms designed for operating theaters. Further offerings include optical data acquisition, machine vision systems, radio frequency identification (RFID) solutions, thermal recording devices, spectrometry equipment, and integrated touchscreen displays. Furthermore, the Precision Motion division specializes in supplying components such as optical and inductive encoders, high-precision motors, servo drives, and complete motion control systems. This segment also delivers integrated stepper motors, sophisticated robotic end-effectors, air bearings, and air bearing spindles. Novanta distributes its extensive product lines through various channels, including its dedicated direct sales team, value-added resellers, distribution partners, and system integrators. These offerings are available under well-known brand names such as Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, NDSsi, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, Celera Motion, MicroE, Zettlex, Applimotion, Ingenia, and Westwind. Founded in 1968, the company operated as GSI Group, Inc. until its rebranding to Novanta Inc. in May 2016. Its corporate headquarters are located in Bedford, Massachusetts.
Otter Score Breakdown
βAnalyst Price Target
βLatest News & Updates
NOVANTA INC tops quarterly estimates as demand accelerates
Revenue grew double digits with management guiding above consensus; margins continued to expand.
Analysts lift NOVT price targets on improving margins
Several firms raised targets, citing stronger free cash flow and a healthier backlog.
NOVANTA INC announces new agreement to expand its footprint
The move broadens the companyβs reach and could add incremental revenue over the next year.