Quarterly ResultMay 11, 2026, 04:52 PM
Novanta Q1 Revenue +10% to $257.7M; Adj. EPS $0.81; Raises FY26 Outlook
AI Summary
Novanta Inc. reported strong financial results for the first quarter of 2026, with GAAP revenue increasing 10.4% to $257.7 million and Adjusted Diluted EPS growing 9% to $0.81. The company also saw a 37% increase in bookings, achieving a 1.10 book-to-bill ratio, and a 63% rise in operating cash flow. Novanta provided an optimistic outlook, expecting 6% to 8% organic revenue growth in Q2 and raising its full-year 2026 guidance.
Key Highlights
- Q1 2026 GAAP Revenue increased 10.4% year-over-year to $257.7 million.
- Q1 2026 Adjusted Diluted EPS rose 9% to $0.81, while GAAP Diluted EPS was $0.51.
- Q1 2026 Adjusted EBITDA grew 14% to $57.1 million.
- Bookings increased 37% year-over-year, with a 1.10 book-to-bill ratio.
- Operating cash flow for Q1 2026 was $51.6 million, up 63% year-over-year.
- Q1 Automation Enabling Technologies revenue was $131.2 million; Medical Solutions revenue was $126.5 million.
- Projects Q2 2026 GAAP Revenue of $259M-$264M and Adjusted Diluted EPS of $0.81-$0.86.
- Full-year 2026 GAAP Revenue guidance is $1,040M-$1,055M; Adjusted Diluted EPS $3.50-$3.65.