Novanta (NOVT) Q3 2026 earnings — TrendMatrix coverage

Adjusted EPS

$1.05

Estimate

$0.97

Surprise

+8.6%

Revenue (period 2026-10-02)

$305.0M

Score today

5.4/10

Revenue source: xbrl.

Novanta (NOVT) beat the $0.97 estimate with adjusted EPS of $1.05 — a clear 8.6% upside surprise.

• Novanta Lowers FY2026 Adj EPS Guidance from $3.68-$3.74 to $3.66-$3.71 vs $3.69 Est; Raises FY2026 Sales Guidance from $ — benzinga, 2026-11-09
• Novanta Sees Q4 Adj EPS $0.91-$0.96 vs $1.02 Est; Sees Sales $306.000M-$312.000M vs $308.823M Est — benzinga, 2026-11-09

TrendMatrix currently rates NOVT Sell at 5.4/10; no pre/post engine snapshot brackets this report.

4 of the last 4 quarters beat the estimate; this quarter's +8.6% surprise compares with a +5.9% four-quarter average.

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.

Current price

$123.71

Price target

$165.32

Stop

$116.41

Upside to target

+33.6%

Reward-to-risk

2.4:1

Model outputs from TrendMatrix’s engine as of 2026-11-10 — shown for context, not personalized investment advice.

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

$5.52B

P/E (fwd)

33.4

P/E (ttm)

92.4

52-week range

$98.27–$176.38

Off 52-week high

29.9%

RSI (14)

39

Volume vs avg

1.32×

Score today

5.4/10