Novanta Q4 revenue rises

Novanta

23/02/2026 21:54

Overview

Tech partner's Q4 revenue up 9%, beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Adjusted EBITDA for Q4 missed analyst expectations

Outlook

Novanta expects 2026 GAAP revenue between $1,030 mln and $1,050 mln

Company anticipates 2026 Adjusted EBITDA between $245 mln and $250 mln

Novanta sees 2026 Adjusted Diluted EPS between $3.50 and $3.65

Result Drivers

ACQUISITIONS AND CURRENCY - Acquisitions added $8.1 mln to revenue, while favorable currency rates increased revenue by $6.9 mln

REGIONALIZATION STRATEGY - Operating cash flow decreased due to regionalization strategy, increasing net working capital

Company press release: ID:nBwPLhKza

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$258.3 mln
$255.56 mln (3 Analysts)
Q4 Adjusted EPS
Beat
$0.91
$0.88 (3 Analysts)
Q4 Consolidated Net Income
$17.5 mln
Q4 Adjusted EBITDA
Miss
$60.7 mln
$63.12 mln (2 Analysts)
Q4 Adjusted Operating Income
Slight Beat*
$48.30 mln
$47.93 mln (3 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electronic equipment & parts peer group is "buy"

Wall Street's median 12-month price target for Novanta Inc is $158.50, about 8.6% above its February 20 closing price of $145.96

The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 34 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)