Novanta (NOVT) Operating Expenses (2010 - 2026)

Novanta (NOVT) reported Operating Expenses of $86.0 million for Q2 2026, up 19.61% on a YoY basis from $71.9 million in Q2 2025, and down 2.7% quarter-over-quarter from $88.4 million in Q4 2025.

Novanta (NOVT) Operating Expenses (2010 - 2026) Analysis & Trends

Novanta has reported Operating Expenses for 17 years, with the latest figure at $86.0 million in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 19.61% year-over-year to $86.0 million; the trailing twelve-month figure through Apr 2026 stood at $355.4 million (up 15.35% YoY), and the FY2025 full-year result was $341.3 million, up 9.75% from the prior year.
  • Operating Expenses for Q2 2026 stood at $86.0 million, down from $88.4 million in the prior quarter.
  • The five-year high for Operating Expenses was $91.8 million in Q2 2025, with the low at $66.0 million in Q2 2022.
  • Historically, Operating Expenses has averaged $76.7 million across 5 years, with a median of $74.8 million in 2024.
  • Annual changes were most pronounced in 2022 — Operating Expenses gained 27.55% — and 2025, when it retreated 3.84%.
  • Novanta's Operating Expenses stood at $67.7 million in 2022, then climbed by 10.6% to $74.9 million in 2023, then grew by 8.87% to $81.5 million in 2024, then grew by 8.48% to $88.4 million in 2025, then dropped by 2.7% to $86.0 million in 2026.
  • The last three Operating Expenses figures came in at $86.0 million (Q2 2026), $88.4 million (Q4 2025), and $89.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Coherent 67.67 Bn 66.37 Bn 679.95 Mn 1.62 Bn
2 Keysight Technologies 57.00 Bn 54.83 Bn 995.00 Mn 1.35 Bn
3 Garmin 45.82 Bn 43.12 Bn 1.04 Bn 610.62 Mn
4 Teledyne Technologies 28.64 Bn 28.34 Bn 673.80 Mn 1.27 Bn
5 Mks 21.67 Bn 21.10 Bn 507.00 Mn 274.00 Mn
6 Fortive 19.42 Bn 19.07 Bn 675.50 Mn 483.80 Mn
7 Trimble 12.42 Bn 12.19 Bn 646.30 Mn 502.30 Mn
8 Cognex 10.23 Bn 9.94 Bn 190.94 Mn 131.07 Mn
9 Esco Technologies 7.86 Bn 7.77 Bn 131.32 Mn 265.48 Mn
10 Novanta 6.47 Bn 6.08 Bn 113.58 Mn 86.04 Mn

Historic Data

Download Data
DateValue
Apr 3, 2026 86.04 Mn
Dec 31, 2025 88.43 Mn
Sep 26, 2025 89.07 Mn
Jun 27, 2025 91.84 Mn
Mar 28, 2025 71.93 Mn
Dec 31, 2024 81.52 Mn
Sep 27, 2024 76.66 Mn
Jun 28, 2024 77.97 Mn
Mar 29, 2024 74.81 Mn
Dec 31, 2023 74.88 Mn
Sep 29, 2023 71.28 Mn
Jun 30, 2023 71.93 Mn
Mar 31, 2023 71.32 Mn
Dec 31, 2022 67.70 Mn
Sep 30, 2022 69.75 Mn
Jul 1, 2022 71.95 Mn
Apr 1, 2022 65.99 Mn
Dec 31, 2021 61.20 Mn
Oct 1, 2021 61.02 Mn
Jul 2, 2021 56.41 Mn