What Is Lifting Novanta's (NASDAQ:NOVT) Revenue 23% and Adjusted EBITDA 38%?

Sonal Goyal

10 November 2026 06:56 PM AEDT

What Is Lifting Novanta's (NASDAQ:NOVT) Revenue 23% and Adjusted EBITDA 38%?

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Key Highlights

Revenue rose 23% to $305 million in the third quarter of 2026.
Adjusted EBITDA increased 38% to $80 million for the quarter.
GAAP Net Income was $2 million for the third quarter.
Depreciation and amortization rose to $27.4 million for the nine months, compared with $15.7 million a year earlier.

Novanta Inc. (NASDAQ:NOVT) reported third-quarter 2026 Revenue of $305 million, an increase of 23% from the prior-year period. Adjusted EBITDA rose 38% to $80 million, but GAAP net income was only $2 million.

Revenue Growth

Revenue of $305 million represented an increase of about $57 million from the prior-year quarter, based on the company's reported comparison.

Novanta provides precision technology components and systems used in medical, industrial and advanced Manufacturing applications.

Profitability and Adjusted Measures

Adjusted EBITDA increased 38% to $80 million, a faster pace than revenue growth. The company's adjusted measures exclude items such as depreciation, amortization, share-based compensation and other charges.

Interpreting the Gap

Novanta's Business is organized around precision components and systems used in medical devices, industrial automation and advanced manufacturing.

Depreciation and amortization rose to $27.4 million for the nine months from $15.7 million a year earlier, while share-based compensation was about $10 million. Those charges reduce GAAP Earnings but do not affect adjusted EBITDA, so the company's third-quarter GAAP net income of $2 million is a function of both operating performance and the level of non-cash expense.

Final Word

Novanta's third quarter shows revenue growth of 23% and adjusted EBITDA growth of 38%, while GAAP net income remained small at $2 million.

FAQs

Q: What was Novanta's third-quarter 2026 revenue?

A: Revenue was $305 million, an increase of 23% from the prior-year quarter.

Q: How much was adjusted EBITDA?

A: Adjusted EBITDA increased 38% to $80 million for the third quarter.

Q: What was GAAP net income?

A: GAAP net income was $2 million for the third quarter of 2026.

Q: Why is there a gap between adjusted and GAAP results?

A: Non-GAAP measures exclude items such as depreciation, amortization and share-based compensation, which rose during the period and reduce GAAP earnings.

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