Novanta (NOVTU) Work In Process (2011 - 2026)

Novanta (NOVTU) posted Work In Process of $38.1 million for Q2 2026, up 17.22% quarter-over-quarter from $32.5 million in Q4 2025, and up 61.4% year-on-year from $23.6 million in Q2 2025.

Novanta (NOVTU) Work In Process (2011 - 2026) Analysis & Trends

Novanta (NOVTU) has reported Work In Process for 16 consecutive years, with $38.1 million the latest figure, recorded in Q2 2026.

  • Work In Process for Q2 2026 came in at $38.1 million, up 61.4% year-over-year; the trailing twelve-month figure through Apr 2026 was $38.1 million (up 61.4% YoY), and the FY2025 annual result was $32.5 million, up 31.39% from the prior year.
  • Work In Process was $38.1 million for Q2 2026 at Novanta, up from $32.5 million in the prior quarter.
  • Over five years, Work In Process peaked at $38.1 million in Q2 2026 and troughed at $21.0 million in Q4 2023.
  • Average Work In Process over 5 years is $25.8 million, with a median of $24.5 million recorded in 2024.
  • Year-over-year, Work In Process retreated 18.26% in 2023 and surged 61.4% in 2026.
  • Over 5 years, Work In Process stood at $23.3 million in 2022, then slipped by 9.94% to $21.0 million in 2023, then gained by 17.65% to $24.7 million in 2024, then surged by 31.39% to $32.5 million in 2025, then grew by 17.22% to $38.1 million in 2026.
  • Per Business Quant data, the three most recent Work In Process figures were $38.1 million in Q2 2026, $32.5 million in Q4 2025, and $31.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Coherent 3,591.32 Bn 3,590.02 Bn 679.95 Mn
2 Novanta 69.39 Bn 69.00 Bn 113.58 Mn
3 Keysight Technologies 57.75 Bn 55.57 Bn 995.00 Mn
4 Teledyne Technologies 30.63 Bn 30.33 Bn 673.80 Mn
5 Fortive 19.14 Bn 18.79 Bn 675.50 Mn
6 Trimble 12.33 Bn 12.10 Bn 646.30 Mn
7 Cognex 11.87 Bn 11.58 Bn 190.94 Mn
8 Sensata Technologies Holding 6.78 Bn 6.14 Bn 286.30 Mn
9 Garmin 4.63 Bn 1.93 Bn 1.04 Bn
10 Novanta - - 113.58 Mn

Historic Data

Download Data
DateValue
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
Jul 2, 2021 16.93 Mn