Novanta (NOVT) Q3 FY2026 earnings: revenue $305 million, up 23.1% on the year

Novanta Inc. (NOVT) reported revenue of $305 million for Q3 FY2026, the quarter ended 2 October 2026, up 23.1% on the same quarter a year earlier. Net income was $2 million, down 81.1% on the year, and diluted earnings per share $0.05. The figures are the company's own, from the 10-Q it filed with the SEC on 9 November 2026.

Revenue

$305 million

+23.1% on the year · +14.7% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

4.6%

8.8% a year earlier

Q4 FY2024Q3 FY2026

Net income

$2 million

-81.1% on the year · -83.9% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.05

-83.3% on the year · -83.3% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 lowered, 1 narrowed, 6 new, 1 kept.

Revenue up 23%, organic 9.9%: GAAP revenue was $305.0 million, up 23.1%. Acquisitions added 13.3 points, and organic revenue growth excluding currency was 9.9%.
Adjusted EBITDA up 38%: Adjusted EBITDA rose 38.3% to $80.3 million, a 26.3% margin. Management said the margin improved 290 basis points year over year.
Adjusted diluted EPS up 21%: Adjusted diluted EPS was $1.05 against $0.87. Adjusted operating income was $65.1 million, or 21.3% of revenue.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	305	266	248	+14.7%	+23.1%
Cost of revenue	169	145	137	+16.9%	+23.7%
Gross profit	136	121	111	+12.2%	+22.3%
Gross margin	44.5%	45.5%	44.8%
Research and development	26.3	24.0	24.1	+9.9%	+9.4%
Selling, general and administrative	57.6	60.0	51.4	-3.9%	+12.1%
Operating income	13.9	18.1	21.8	-23.0%	-36.3%
Operating margin	4.6%	6.8%	8.8%
Interest expense	8.3	1.1	6.0	+649.0%	+37.7%
Pre-tax income	6.3	15.9	15.8	-60.1%	-59.7%
Income tax	4.3	3.4	5.1	+29.0%	-15.2%
Effective tax rate	68.2%	21.1%	32.4%
Net income	2.0	12.5	10.7	-83.9%	-81.1%
Net margin	0.7%	4.7%	4.3%
Diluted EPS	$0.05	$0.30	$0.30	-83.3%	-83.3%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	39.3	64.9	8.5	-39.4%	+363.1%
Capital expenditure	9.0	7.5	4.3	+20.1%	+109.3%
Free cash flow	30.4	57.5	4.2	-47.1%	+621.2%
Free cash flow margin	10.0%	21.6%	1.7%
Cash from investing	-1,208	-7.5	-5.4
Cash from financing	599	271	-23.4	+121.5%
Depreciation and amortisation	27.4	14.6	15.7	+87.4%	+74.7%
Share-based compensation	10.1	9.8	6.7	+2.3%	+50.3%
Buybacks	0.0	0.0	14.1
Diluted shares, weighted	43m	41m	36m	+3.8%	+18.5%
Shares outstanding at period end	38m	38m	36m	+0.0%	+5.5%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	1,625	1,616	801	+0.5%	+102.7%
Debt	830	230	451	+261.3%	+83.9%
Operating lease liabilities	50.0	43.3	40.4	+15.4%	+23.6%
Finance lease liabilities	1.7	1.9	2.6	-11.9%	-34.6%
Other liabilities	667	248	210	+168.7%	+217.6%
Total liabilities and equity	3,173	2,140	1,506	+48.3%	+110.7%
Fixed assets	150	120	120	+25.0%	+25.3%
Goodwill	1,432	642	648	+122.9%	+121.1%
Intangible assets	894	160	193	+459.3%	+362.6%
Cash and equivalents	149	719	89.2	-79.2%	+67.2%
Receivables	218	179	171	+21.9%	+27.7%
Inventory	220	193	180	+14.4%	+22.4%
Other assets	110	127	106	-13.8%	+3.9%
Total assets	3,173	2,140	1,506	+48.3%	+110.7%

Questions

What was Novanta's revenue in Q3 FY2026?

Novanta (NOVT) reported revenue of $305 million for Q3 FY2026, the quarter ended 2 October 2026, up 23.1% on the same quarter a year earlier.

How much did Novanta earn in Q3 FY2026?

Net income for Q3 FY2026 was $2 million, down 81.1% on the year, and diluted earnings per share $0.05.

When did Novanta report Q3 FY2026 results?

Novanta filed its 10-Q for the quarter ended 2 October 2026 with the SEC on 9 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	199	204	215	223	218	219	229	222	212	231	236	244	238	233	241	248	258	258	266	305
Cost of revenue	116	114	120	125	124	121	125	120	115	130	132	135	130	129	134	137	145	144	145	169
Gross profit	82.9	90.3	95.2	98.4	94.5	97.6	104	102	96.6	100	104	109	108	104	107	111	113	114	121	136
Gross margin	42%	44%	44%	44%	43%	45%	45%	46%	46%	43%	44%	45%	45%	45%	44%	45%	44%	44%	45%	44%
R&D	19.4	20.9	21.6	21.3	21.9	22.8	23.4	22.0	23.5	23.2	23.7	23.3	25.3	23.2	25.3	24.1	22.9	23.3	24.0	26.3
SG&A	35.0	39.4	40.5	40.3	38.7	40.9	42.2	39.6	41.7	43.5	44.8	44.3	43.3	45.6	47.1	51.4	51.6	54.4	60.0	57.6
Operating income	21.7	24.3	23.3	28.7	26.8	26.3	32.2	30.3	21.7	25.6	25.7	32.6	26.7	32.4	14.9	21.8	24.8	27.5	18.1	13.9
Operating margin	11%	12%	11%	13%	12%	12%	14%	14%	10%	11%	11%	13%	11%	14%	6%	9%	10%	11%	7%	5%
Interest expense	2.9	3.1	2.8	4.1	5.7	6.3	6.8	6.8	5.9	8.3	8.3	8.1	6.9	5.6	5.8	6.0	4.0	1.8	1.1	8.3
Pre-tax income	18.8	20.7	20.8	26.8	18.9	19.7	25.3	23.0	15.7	16.9	17.1	24.2	20.8	26.4	5.8	15.8	21.7	26.4	15.9	6.3
Tax rate	27%	9%	16%	16%	19%	7%	17%	8%	21%	13%	20%	21%	21%	20%	22%	32%	19%	20%	21%	68%
Net income	13.8	18.8	17.5	22.5	15.3	18.3	20.9	21.2	12.5	14.7	13.8	19.2	16.5	21.2	4.5	10.7	17.5	21.1	12.5	2.0
Net margin	7%	9%	8%	10%	7%	8%	9%	10%	6%	6%	6%	8%	7%	9%	2%	4%	7%	8%	5%	1%
Diluted EPS	$0.38	$0.53	$0.49	$0.63	$0.42	$0.51	$0.58	$0.59	$0.35	$0.41	$0.38	$0.53	$0.46	$0.59	$0.12	$0.30	$0.45	$0.51	$0.30	$0.05
Operating cash flow	28.7	11.3	24.1	14.8	40.6	10.2	26.2	44.6	39.0	32.8	41.1	23.0	61.6	31.7	15.1	8.5	8.8	51.6	64.9	39.3
Capital expenditure	5.2	6.3	5.8	3.3	4.3	3.6	3.3	6.8	6.2	6.4	4.9	3.6	2.2	4.3	3.4	4.3	3.7	4.1	7.5	9.0
Free cash flow	23.5	5.0	18.3	11.5	36.4	6.6	22.9	37.8	32.8	26.4	36.2	19.5	59.3	27.4	11.7	4.2	5.1	47.5	57.5	30.4
Buybacks	n/a	n/a	n/a	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	6.2	0.0	14.1	19.1	18.6	0.0	0.0
Shares outstanding	36m	36m	36m	36m	36m	36m	36m	36m	36m	36m	36m	36m	36m	36m	36m	36m	36m	36m	38m	38m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 2 October 2026, filed 9 November 2026: the filing.