Novanta (NOVT) Work In Process (2011 - 2026)
Novanta's (NOVT) quarterly Work In Process came in at $38.1 million in Q2 2026, up 61.4% YoY from $23.6 million in Q2 2025, and up 17.22% on a QoQ basis from $32.5 million in Q4 2025.
Novanta (NOVT) Work In Process (2011 - 2026) Analysis & Trends
Novanta (NOVT) has 16 years of Work In Process data on file, last reported at $38.1 million in Q2 2026.
- Quarterly Work In Process rose 61.4% year-over-year to $38.1 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $38.1 million (up 61.4% YoY) and the FY2025 annual result came in at $32.5 million, up 31.39% from the prior year.
- Work In Process climbed to $38.1 million in Q2 2026, from $32.5 million in the prior quarter.
- In the past five years, Work In Process ranged from a high of $38.1 million in Q2 2026 to a low of $21.0 million in Q4 2023.
- A 5-year average of $25.8 million and a median of $24.5 million in 2024 frame the typical range for Work In Process.
- Annual changes were most pronounced in 2023 — Work In Process declined 18.26% — and 2026, when it soared 61.4%.
- Tracing NOVT's Work In Process over 5 years: stood at $23.3 million in 2022, then fell by 9.94% to $21.0 million in 2023, then grew by 17.65% to $24.7 million in 2024, then surged by 31.39% to $32.5 million in 2025, then gained by 17.22% to $38.1 million in 2026.
- The last three Work In Process figures came in at $38.1 million (Q2 2026), $32.5 million (Q4 2025), and $31.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Garmin | 56.90 Bn | 54.24 Bn | 1.26 Bn |
| 2 | Keysight Technologies | 53.99 Bn | 51.57 Bn | 1.18 Bn |
| 3 | Coherent | 51.17 Bn | 49.18 Bn | 787.08 Mn |
| 4 | Teledyne Technologies | 29.38 Bn | 29.04 Bn | 738.10 Mn |
| 5 | Mks | 18.84 Bn | 18.23 Bn | 595.00 Mn |
| 6 | Fortive | 18.30 Bn | 17.93 Bn | 695.30 Mn |
| 7 | Trimble | 14.04 Bn | 13.83 Bn | 674.90 Mn |
| 8 | Cognex | 10.12 Bn | 9.71 Bn | 205.77 Mn |
| 9 | Esco Technologies | 7.42 Bn | 7.35 Bn | 141.52 Mn |
| 10 | Novanta | 5.97 Bn | 5.25 Bn | 120.92 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 3, 2026 | 38.15 Mn |
| Apr 3, 2026 | 38.07 Mn |
| Dec 31, 2025 | 32.48 Mn |
| Sep 26, 2025 | 31.03 Mn |
| Jun 27, 2025 | 26.01 Mn |
| Mar 28, 2025 | 23.59 Mn |
| Dec 31, 2024 | 24.72 Mn |
| Sep 27, 2024 | 26.58 Mn |
| Jun 28, 2024 | 26.15 Mn |
| Mar 29, 2024 | 24.49 Mn |
| Dec 31, 2023 | 21.01 Mn |
| Sep 29, 2023 | 21.27 Mn |
| Jun 30, 2023 | 21.34 Mn |
| Mar 31, 2023 | 24.14 Mn |
| Dec 31, 2022 | 23.33 Mn |
| Sep 30, 2022 | 23.98 Mn |
| Jul 1, 2022 | 26.11 Mn |
| Apr 1, 2022 | 23.97 Mn |
| Dec 31, 2021 | 20.60 Mn |
| Oct 1, 2021 | 21.41 Mn |