Novanta (NOVT) Operating Expenses (2010 - 2026)
Novanta's (NOVT) quarterly Operating Expenses came in at $86.0 million in Q2 2026, up 19.61% YoY from $71.9 million in Q2 2025, and down 2.7% on a QoQ basis from $88.4 million in Q4 2025.
Novanta (NOVT) Operating Expenses (2010 - 2026) Analysis & Trends
Novanta (NOVT) has 17 years of Operating Expenses data on file, last reported at $86.0 million in Q2 2026.
- Quarterly Operating Expenses rose 19.61% year-over-year to $86.0 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $355.4 million (up 15.35% YoY) and the FY2025 annual result came in at $341.3 million, up 9.75% from the prior year.
- Operating Expenses slipped to $86.0 million in Q2 2026, from $88.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $91.8 million in Q2 2025 to a low of $66.0 million in Q2 2022.
- A 5-year average of $76.7 million and a median of $74.8 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses gained 27.55% — and 2025, when it retreated 3.84%.
- Tracing NOVT's Operating Expenses over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.87 Bn | 54.21 Bn | 1.26 Bn | 646.51 Mn |
| 2 | Keysight Technologies | 54.08 Bn | 51.66 Bn | 1.18 Bn | 1.31 Bn |
| 3 | Coherent | 51.16 Bn | 49.17 Bn | 787.08 Mn | 1.77 Bn |
| 4 | Teledyne Technologies | 29.35 Bn | 29.01 Bn | 738.10 Mn | 1.33 Bn |
| 5 | Mks | 18.81 Bn | 18.20 Bn | 595.00 Mn | 282.00 Mn |
| 6 | Fortive | 18.27 Bn | 17.90 Bn | 695.30 Mn | 485.40 Mn |
| 7 | Trimble | 14.03 Bn | 13.81 Bn | 674.90 Mn | 542.90 Mn |
| 8 | Cognex | 10.11 Bn | 9.71 Bn | 205.77 Mn | 120.26 Mn |
| 9 | Esco Technologies | 7.47 Bn | 7.39 Bn | 141.52 Mn | 298.07 Mn |
| 10 | Novanta | 6.00 Bn | 5.28 Bn | 120.92 Mn | 102.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 102.85 Mn |
| 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 |