NOVT
Novanta Inc.
NOVT
144.17USD
+7.34%
Sep 23, 2026
Price
Loading price history…
Price Action
No clear price read
Longer-term context reads early recovery, with a near-term setup of daily advance.
EntryConstructive
Structure is constructive on both timeframes without excessive extension — a reasonable entry location.
Key Financials
- Market Cap
- $5.5B
- Avg Volume (60D)
- 397.8K
- Revenue Growth YoY
- +3.3%
- Gross Margin
- +44.5%
- Operating Margin
- +9.0%
- Free Cash Flow Yield
- +2.1%
- Distance from 200DMA
- +3.5%
- Next Earnings
- 2026-11-03
- P/E
- 88.3x
- EV / EBITDA
- 32.3x
- EV / Sales
- 4.8x
60 sessions
FY2025 vs FY2024
Trailing twelve months
Trailing twelve months
Market metrics as of Sep 22, 2026
Financial results for the period ended Jul 3, 2026
Filed balance-sheet data as of Jul 3, 2026
Fundamentals & Valuation
Two of the three valuation perspectives say expensive; own history is the dissenting view.
Novanta Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command. It trades at a 2.1% free-cash-flow yield and 32.3x EBITDA, which require sustained delivery to be justified.
Company Research
Thesis
Novanta is a multi-product robotics-component enabler rather than a humanoid OEM or pure play. It supplies force/torque sensors alongside encoders, frameless motors, servo drives, and end-of-arm technologies that can be designed into humanoid joints, wrists, and manipulation systems.
Opportunity
Moderate opportunity
Commercial deployment of humanoid and other human-collaborative robots increases demand for compact, high-precision force/torque and tactile sensing needed for compliant manipulation, collision detection, dexterous handling, balance, and safe operation around people.
Key risk
Execution risk related to Riverpoint integration.
Narrative & Theme
Humanoid Robotics Industrialization
Part of Force, Torque and Tactile Sensing for Humanoid Robots, with moderate fit.
Novanta’s actual current business is supplying precision technologies to medical, life-science, advanced-industrial, and robotics OEMs: motion systems, encoders, motors, servo drives, force/torque sensors, robotic end-effectors, photonics, and medical/surgical technologies.
Narrative HeatNeutral6.7 / 10
Theme HeatNeutral5.8 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.
Business & Markets
Technology · Scientific & Technical Instruments
What they do
Novanta Inc. designs, manufactures, and sells precision laser, motion, and robotic components and systems primarily for medical and advanced industrial applications through its Automation Enabling Technologies and Medical Solutions segments.
How it earns
The company generates revenue primarily through transactional sales of hardware components and integrated systems to industrial and medical customers.
Products & services
Laser beam steering and scanning solutions
Laser sources
Robotic and precision motion components
Robotic end-of-arm tooling
Bearing spindles
Customers & end markets
Medical device manufacturers
Advanced industrial manufacturers
Robotics and automation companies
Market position
Novanta is a specialized provider with a strong position in precision components for medical and industrial automation markets.
Demand drivers
Medium cyclicality
Demand is influenced by capital spending cycles in advanced manufacturing and healthcare technology adoption.