NOVANTA INC (NOVT)
Information Technology · Precision technology components and subsystems for OEMs · NASDAQ
Novanta supplies precision motion control, optics, and specialty components to medical device, life science, and advanced industrial OEMs globally.
What NOVANTA INC does
Novanta Inc. is a leading global supplier of core technology solutions including precision motion control systems, optics, lasers, and automation components for original equipment manufacturers (OEMs) in the medical, life science, and advanced industrial sectors. The company combines deep proprietary technology expertise in precision medicine, precision manufacturing, robotics, automation, and advanced surgery to engineer tailored solutions for customers' demanding applications. Novanta serves global OEMs that integrate these technologies into their own products and systems.
Themes: ["Medical device technology","Precision manufacturing / motion control","Robotics and automation","Surgical/imaging technology","Life sciences / diagnostics","Optics and photonics","OEM component supply"]
Fundamentals
- Price$151.66 as of 2026-07-09 close
- Market cap$5.6B as of 2026-07-10
- 1-year return+14.4% as of 2026-07-09 close
- P/E103.39 as of 2026-07-10
- Net margin+5.3% as of 2026-07-10
- Gross margin+44.2% as of 2026-07-10
- ROE+5.1% as of 2026-07-10
- Debt / equity0.19 as of 2026-07-10
- Revenue growth (YoY)+5.6% as of 2026-07-10
- Revenue CAGR (3y)+4.4% SEC XBRL
- Beta1.68 as of 2026-07-10
Key risks (from latest filing)
["Dependence on OEM customers in medical and advanced industrial markets; loss of major customer orders could significantly reduce revenue","Supply chain and manufacturing complexity; ability to contain or reduce costs amid economic pressures, tariffs, and inflation","Exposure to economic cycles; industrial and medical equipment demand sensitive to general economic conditions and customer capital spending"]
Competitors & peers
- Newport Corporation (MKS Instruments)
- AMETEK Inc.
- Thorlabs
- Coherent Corp
- Applied Motion Products
- Physik Instrumente
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.