Novanta (NOVT) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $0.89
- Estimate
- $0.83
- Surprise
- +7.2%
- Revenue (period 2026-07-03)
- $265.8M
- Score at report (before → after)
- 5.8 → 5.9/10
Revenue source: xbrl.
How the report landed
Novanta (NOVT) beat the $0.83 estimate with diluted EPS of $0.89 — a clear 7.2% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.8/10) to Hold at 5.9/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates NOVT Sell at 5.7/10.
4 of the last 4 quarters beat the estimate; this quarter's +7.2% surprise compares with a +5.4% four-quarter average. Next scheduled report: 2026-11-03.
What supports the rating
- Strong earnings beat streak (4/4)
- Strong growth profile
What argues against it
- Sector modifier (Technology): -0.8
- Momentum score 4.4/10 — below 4.5 minimum
- Reward/Risk 1.4:1 at current price — below 1.5:1 minimum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $148.38
- Price target
- $165.32
- Stop
- $138.04
- Upside to target
- +11.4%
- Reward-to-risk
- 1.4:1
The stock trades at 91.5× trailing but 33.7× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 29 — a level conventionally read as oversold.
Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.
NOVT at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Scientific & Technical Instruments
- Market cap
- $5.57B
- P/E (fwd)
- 33.7
- P/E (ttm)
- 91.5
- 52-week range
- $98.27–$176.38
- Off 52-week high
- 15.9%
- RSI (14)
- 29
- Volume vs avg
- 0.45×
- Score today
- 5.7/10