Novanta (NOVT) Research & Development (2010 - 2026)
Novanta's (NOVT) quarterly Research & Development came in at $23.3 million in Q2 2026, little changed YoY from $23.2 million in Q2 2025, and up 1.68% on a QoQ basis from $22.9 million in Q4 2025.
Novanta (NOVT) Research & Development (2010 - 2026) Analysis & Trends
Novanta (NOVT) has 17 years of Research & Development data on file, last reported at $23.3 million in Q2 2026.
- Quarterly Research & Development changed 0.06% year-over-year to $23.3 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $95.5 million (changed 0.01% YoY) and the FY2025 annual result came in at $95.5 million, changed 0.03% from the prior year.
- Research & Development grew to $23.3 million in Q2 2026, from $22.9 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $25.3 million in Q2 2025 to a low of $20.9 million in Q2 2022.
- A 5-year average of $23.0 million and a median of $23.2 million in 2024 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development increased 27.33% — and 2025, when it fell 9.56%.
- Tracing NOVT's Research & Development over 5 years: stood at $21.9 million in 2022, then gained by 7.07% to $23.5 million in 2023, then advanced by 7.82% to $25.3 million in 2024, then slipped by 9.56% to $22.9 million in 2025, then grew by 1.68% to $23.3 million in 2026.
- The last three Research & Development figures came in at $23.3 million (Q2 2026), $22.9 million (Q4 2025), and $24.1 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.90 Bn | 54.24 Bn | 1.26 Bn | 303.94 Mn |
| 2 | Keysight Technologies | 53.99 Bn | 51.57 Bn | 1.18 Bn | 320.00 Mn |
| 3 | Coherent | 51.17 Bn | 49.18 Bn | 787.08 Mn | 216.38 Mn |
| 4 | Teledyne Technologies | 29.38 Bn | 29.04 Bn | 738.10 Mn | 90.20 Mn |
| 5 | Mks | 18.84 Bn | 18.23 Bn | 595.00 Mn | 76.00 Mn |
| 6 | Fortive | 18.30 Bn | 17.93 Bn | 695.30 Mn | 67.50 Mn |
| 7 | Trimble | 14.04 Bn | 13.83 Bn | 674.90 Mn | 177.10 Mn |
| 8 | Cognex | 10.12 Bn | 9.71 Bn | 205.77 Mn | 32.39 Mn |
| 9 | Esco Technologies | 7.42 Bn | 7.35 Bn | 141.52 Mn | - |
| 10 | Novanta | 5.97 Bn | 5.25 Bn | 120.92 Mn | 23.97 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 23.97 Mn |
| Apr 3, 2026 | 23.25 Mn |
| Dec 31, 2025 | 22.87 Mn |
| Sep 26, 2025 | 24.09 Mn |
| Jun 27, 2025 | 25.29 Mn |
| Mar 28, 2025 | 23.24 Mn |
| Dec 31, 2024 | 25.29 Mn |
| Sep 27, 2024 | 23.25 Mn |
| Jun 28, 2024 | 23.73 Mn |
| Mar 29, 2024 | 23.25 Mn |
| Dec 31, 2023 | 23.45 Mn |
| Sep 29, 2023 | 22.02 Mn |
| Jun 30, 2023 | 23.38 Mn |
| Mar 31, 2023 | 22.83 Mn |
| Dec 31, 2022 | 21.90 Mn |
| Sep 30, 2022 | 21.35 Mn |
| Jul 1, 2022 | 21.59 Mn |
| Apr 1, 2022 | 20.93 Mn |
| Dec 31, 2021 | 19.42 Mn |
| Oct 1, 2021 | 17.47 Mn |