Novanta Q4 Revenue at $258M, Slightly Below Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 23 2026
0mins
Should l Buy NOVT?
Reports Q4 revenue $258M, consensus $260.72M. "Novanta exceeded expectations for revenue in the fourth quarter, delivering accelerated reported growth of 9% and a return to positive organic growth," said CEO Matthijs Glastra. "Solid operating performance resulted in strong 17% improvement in Adjusted EBITDA and 20% in Adjusted EPS. Looking forward, we believe we are well positioned for continued momentum into 2026 as we ended the quarter with a 25% increase in customer bookings, and an overall book-to-bill of 1.11x. For the full year 2025, customer bookings advanced 14%, new product revenue surpassed our targets, and we secured several new significant design wins with leading OEMs. The Keonn acquisition continues to perform better than planned, and the recent fundraise has enabled numerous opportunities for potential value-creating acquisitions. I'm very proud of our team's disciplined execution on our strategic priorities throughout 2025, the resilience of our business, and our collective commitment to creating enhanced long-term value for shareholders."
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Analyst Views on NOVT
About NOVT
Novanta Inc. is a supplier of core technology solutions, which offer medical and advanced industrial original equipment manufacturers. Its segment includes Automation Enabling Technologies and Medical Solutions. The Automation Enabling Technologies segment designs, manufactures and markets laser beam delivery components, laser beam delivery solutions, CO2 lasers, solid state lasers, ultrafast lasers, optical and inductive encoders, precision motors, integrated stepper motors, servo drives, motion control solutions, intelligent robotic end-of-arm technology solutions, and air bearing spindles to customers worldwide. The Medical Solutions segment designs, manufactures and markets a range of medical grade technologies, including medical insufflators and endoscopic pumps and related disposables, laser beam delivery solutions, video processing and streaming and capture, machine vision technologies, radio frequency identification (RFID) technologies, thermal chart recorders, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Harvey Partners Acquires New Position in Novanta
- New Investment Disclosure: On February 17, 2026, Harvey Partners disclosed a new position by acquiring 304,000 shares of Novanta worth $36.17 million, indicating confidence in the company's future prospects.
- Asset Allocation Analysis: This acquisition accounts for 3.21% of Harvey Partners' 13F reportable assets, highlighting Novanta's significance within the fund's investment portfolio.
- Company Financial Status: As of February 17, 2026, Novanta's stock price stood at $145.37, remaining flat over the past year and underperforming the S&P 500's 16% gain, raising concerns about its profitability.
- Future Outlook: Despite a 3% year-over-year revenue increase to $980.6 million in 2025, net income fell from $64.1 million to $53.8 million, with the CEO stating plans to improve margins and cash flow, making it crucial for investors to monitor these developments.
See More
Novanta CEO Matthijs Glastra Sells 7,500 Shares for $1.09 Million
- Transaction Overview: Novanta CEO Matthijs Glastra sold 7,500 common shares on February 10, 2026, for approximately $1.09 million, marking the largest single transaction in his 10 sell-only trades since February 2023, reflecting his liquidity management strategy.
- Ownership Changes: Following the sale, Glastra's direct holdings decreased to 57,367 shares, while his indirect holdings via a trust remained unchanged at 54,382 shares, indicating a stable ownership structure without urgency to liquidate his stakes.
- Performance Highlights: Novanta reported a 9% year-over-year revenue increase in Q4 2025, reaching $258 million, exceeding expectations and contributing to a 3% annual sales growth to $981 million, with forecasts suggesting sales will surpass $1 billion in 2026, showcasing strong business growth potential.
- Market Reaction: While Glastra's stock sale did not raise market concerns, the company's price-to-earnings ratio of 91 indicates a high stock price, suggesting current shareholders consider selling, while potential buyers should wait for a price correction before entering the market.
See More
Novanta CEO Sells 7,500 Shares for $1.09 Million
- Executive Sell-off: Novanta CEO Matthijs Glastra sold 7,500 shares on February 10, 2026, for approximately $1.09 million, representing 6.29% of his total holdings, indicating a strategic sell-off at a high stock price.
- Stable Holding Structure: Post-transaction, Glastra retains 57,367 shares directly and another 54,382 shares in a trust, suggesting confidence in the company's future and a lack of urgency to liquidate his holdings.
- Strong Performance: Novanta reported Q4 revenue of $258 million, a 9% year-over-year increase, and forecasts sales exceeding $1 billion in 2026, highlighting robust growth in high-demand medical and industrial sectors.
- Market Reaction Analysis: While Glastra's sale did not raise market concerns, Novanta's price-to-earnings ratio of 91 indicates a high stock price, suggesting investors should consider waiting for a better entry point before purchasing shares.
See More
Novanta Inc. Reports Record Q4 2025 Revenue and Strong Growth
- Record Revenue: Novanta Inc. achieved record revenue in Q4 2025 with a reported growth of 9%, including 2% organic growth and 4% sequential growth, reflecting strong performance in the medical technology sector.
- Surge in Bookings: The company experienced a 25% year-over-year increase in bookings and a 12% sequential rise, with a book-to-bill ratio of 1.11, indicating double-digit bookings growth across all businesses for the first time since 2022.
- Strategic Investments: CEO emphasized strategic investments in minimally invasive surgery, robotic surgery, AI-driven robotics, digital manufacturing, and precision medicine, aiming to enhance the company's leadership in medical technologies and embedded software.
- Future Outlook: For 2026, GAAP revenue is projected to be between $1.03 billion and $1.05 billion, representing 4% to 6% organic growth, while adjusted gross margin is expected to expand to 47%, demonstrating the company's confidence in future growth.
See More
Novanta Reports Q4 2025 Earnings with Strong Performance
- Earnings Beat: Novanta's Q4 2025 non-GAAP EPS of $0.91 exceeded expectations by $0.08, indicating a robust enhancement in the company's profitability.
- Significant Revenue Growth: The quarter's revenue reached $258.3 million, an 8.5% year-over-year increase, surpassing expectations by $4.98 million, reflecting the company's competitive strength and rising customer demand.
- Adjusted EBITDA Increase: Adjusted EBITDA rose 17% to $60.7 million compared to $52.1 million last year, demonstrating the company's success in cost control and operational efficiency.
- Optimistic Future Outlook: The company expects GAAP revenue for FY 2026 to range between $1.03 billion and $1.05 billion, with adjusted EBITDA projected between $245 million and $250 million, showcasing confidence in future growth despite foreign exchange risks.
See More
Novanta Reports 2025 Financials: Revenue Growth and Profit Improvement
- Q4 Performance: In Q4 2025, Novanta achieved GAAP revenue of $258.3 million, a 9% increase year-over-year, with adjusted diluted EPS rising 20% to $0.91, indicating strong performance in the medical technology sector and likely boosting market confidence.
- Annual Financial Overview: For the full year 2025, GAAP revenue reached $980.6 million, up 3.3% from the previous year, although organic revenue growth slightly declined by 0.5%, reflecting challenges from intensified market competition despite contributions from acquisitions.
- Customer Bookings Growth: The company reported a 14% increase in customer bookings for 2025, with new product revenues exceeding expectations, demonstrating effective responses to technological innovation and market demand, which is expected to lay the groundwork for future revenue growth.
- Future Outlook: Novanta anticipates GAAP revenue for 2026 to range between $1.03 billion and $1.05 billion, with adjusted EBITDA projected at $245 million to $250 million, reflecting confidence in ongoing investments and strategic execution aimed at enhancing long-term shareholder value.
See More
Harvey Partners Acquires New Position in Novanta
- New Investment Disclosure: On February 17, 2026, Harvey Partners disclosed a new position by acquiring 304,000 shares of Novanta worth $36.17 million, indicating confidence in the company's future prospects.
- Asset Allocation Analysis: This acquisition accounts for 3.21% of Harvey Partners' 13F reportable assets, highlighting Novanta's significance within the fund's investment portfolio.
- Company Financial Status: As of February 17, 2026, Novanta's stock price stood at $145.37, remaining flat over the past year and underperforming the S&P 500's 16% gain, raising concerns about its profitability.
- Future Outlook: Despite a 3% year-over-year revenue increase to $980.6 million in 2025, net income fell from $64.1 million to $53.8 million, with the CEO stating plans to improve margins and cash flow, making it crucial for investors to monitor these developments.
See More
Novanta CEO Matthijs Glastra Sells 7,500 Shares for $1.09 Million
- Transaction Overview: Novanta CEO Matthijs Glastra sold 7,500 common shares on February 10, 2026, for approximately $1.09 million, marking the largest single transaction in his 10 sell-only trades since February 2023, reflecting his liquidity management strategy.
- Ownership Changes: Following the sale, Glastra's direct holdings decreased to 57,367 shares, while his indirect holdings via a trust remained unchanged at 54,382 shares, indicating a stable ownership structure without urgency to liquidate his stakes.
- Performance Highlights: Novanta reported a 9% year-over-year revenue increase in Q4 2025, reaching $258 million, exceeding expectations and contributing to a 3% annual sales growth to $981 million, with forecasts suggesting sales will surpass $1 billion in 2026, showcasing strong business growth potential.
- Market Reaction: While Glastra's stock sale did not raise market concerns, the company's price-to-earnings ratio of 91 indicates a high stock price, suggesting current shareholders consider selling, while potential buyers should wait for a price correction before entering the market.
See More
Novanta CEO Sells 7,500 Shares for $1.09 Million
- Executive Sell-off: Novanta CEO Matthijs Glastra sold 7,500 shares on February 10, 2026, for approximately $1.09 million, representing 6.29% of his total holdings, indicating a strategic sell-off at a high stock price.
- Stable Holding Structure: Post-transaction, Glastra retains 57,367 shares directly and another 54,382 shares in a trust, suggesting confidence in the company's future and a lack of urgency to liquidate his holdings.
- Strong Performance: Novanta reported Q4 revenue of $258 million, a 9% year-over-year increase, and forecasts sales exceeding $1 billion in 2026, highlighting robust growth in high-demand medical and industrial sectors.
- Market Reaction Analysis: While Glastra's sale did not raise market concerns, Novanta's price-to-earnings ratio of 91 indicates a high stock price, suggesting investors should consider waiting for a better entry point before purchasing shares.
See More
Novanta Inc. Reports Record Q4 2025 Revenue and Strong Growth
- Record Revenue: Novanta Inc. achieved record revenue in Q4 2025 with a reported growth of 9%, including 2% organic growth and 4% sequential growth, reflecting strong performance in the medical technology sector.
- Surge in Bookings: The company experienced a 25% year-over-year increase in bookings and a 12% sequential rise, with a book-to-bill ratio of 1.11, indicating double-digit bookings growth across all businesses for the first time since 2022.
- Strategic Investments: CEO emphasized strategic investments in minimally invasive surgery, robotic surgery, AI-driven robotics, digital manufacturing, and precision medicine, aiming to enhance the company's leadership in medical technologies and embedded software.
- Future Outlook: For 2026, GAAP revenue is projected to be between $1.03 billion and $1.05 billion, representing 4% to 6% organic growth, while adjusted gross margin is expected to expand to 47%, demonstrating the company's confidence in future growth.
See More
Novanta Reports Q4 2025 Earnings with Strong Performance
- Earnings Beat: Novanta's Q4 2025 non-GAAP EPS of $0.91 exceeded expectations by $0.08, indicating a robust enhancement in the company's profitability.
- Significant Revenue Growth: The quarter's revenue reached $258.3 million, an 8.5% year-over-year increase, surpassing expectations by $4.98 million, reflecting the company's competitive strength and rising customer demand.
- Adjusted EBITDA Increase: Adjusted EBITDA rose 17% to $60.7 million compared to $52.1 million last year, demonstrating the company's success in cost control and operational efficiency.
- Optimistic Future Outlook: The company expects GAAP revenue for FY 2026 to range between $1.03 billion and $1.05 billion, with adjusted EBITDA projected between $245 million and $250 million, showcasing confidence in future growth despite foreign exchange risks.
See More
Novanta Reports 2025 Financials: Revenue Growth and Profit Improvement
- Q4 Performance: In Q4 2025, Novanta achieved GAAP revenue of $258.3 million, a 9% increase year-over-year, with adjusted diluted EPS rising 20% to $0.91, indicating strong performance in the medical technology sector and likely boosting market confidence.
- Annual Financial Overview: For the full year 2025, GAAP revenue reached $980.6 million, up 3.3% from the previous year, although organic revenue growth slightly declined by 0.5%, reflecting challenges from intensified market competition despite contributions from acquisitions.
- Customer Bookings Growth: The company reported a 14% increase in customer bookings for 2025, with new product revenues exceeding expectations, demonstrating effective responses to technological innovation and market demand, which is expected to lay the groundwork for future revenue growth.
- Future Outlook: Novanta anticipates GAAP revenue for 2026 to range between $1.03 billion and $1.05 billion, with adjusted EBITDA projected at $245 million to $250 million, reflecting confidence in ongoing investments and strategic execution aimed at enhancing long-term shareholder value.
See More
