Q1 2026 Novanta Inc Earnings Call Transcript

May 12, 2026 / 12:00 PM GMT

Release Date Price: €133 (+12.71%)

Transcript 10-Q8-K

Key Points

Positve

Novanta Inc (NOVT) reported a 10% revenue growth in the first quarter, with 3% organic growth, surpassing expectations.
Bookings increased by 37% year over year, with a book-to-bill ratio of 1.10, indicating strong demand.
Adjusted EBITDA grew by 14%, and adjusted diluted EPS increased by 9%, showcasing robust profit performance.
Operating cash flow rose by 7% year over year, with a cash flow conversion to net income exceeding 200%.
The company is experiencing strong momentum in AI-driven robotics, automation, and minimally invasive surgery markets, with new product revenue up 50% year over year.

Negative

Adjusted gross margins decreased by 60 basis points year over year, impacted by higher freight, tariff, and material costs.
The geopolitical environment and trade dynamics present ongoing challenges, affecting input cost volatility.
The U.S. region experienced a decline in sales, attributed to shifts in customer production locations.
The company faces a lag in repricing orders due to rapidly changing tariff rates, impacting short-term financial performance.
Despite strong bookings, there is a delay between bookings and revenue realization, which may affect short-term revenue growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NOVT.OQ - Novanta Inc
Q1 2026 Novanta Inc Earnings Call
May 12, 2026 / 12:00PM GMT

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Presentation
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At this time we disclaim any obligation to update so you should not rely on any of these forward-looking statements as representing our views as of any time after this call.

During this call we will be referring to certain non-GAAP financial measures, a reconciliation of such an on-gap financial measures directly comparable GAAP measures is available as an attachment to our earnings press release.

The extent that we use non-GAAP financial measures during this call that are not reconciled to GAAP measures in the earnings press release.

We'll provide reconciliations on the investor relations section of our website after this call.

I'm now pleased to introduce the chair and Chief Executive Officer of Novanta,

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