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| Date | Value |
|---|---|
| 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 |