Why Is NOVANTA INC (NOVT) Stock Moving Today?

NOVT stock is up 13.85% at $174.33 as of the latest trade. The sharp rise follows the company’s second-quarter 2026 earnings report, which showed improved financial performance and raised full-year guidance. A strong adjusted diluted EPS and a significant upward revision to revenue expectations have driven the stock’s intraday surge.

What Happened

Novanta (NOVT) announced its second-quarter 2026 financial results, reporting adjusted diluted EPS of $0.89, up 17.1% year-over-year. GAAP net income was reported at $12.5 million. The company also raised its full-year 2026 revenue guidance to a range of $1.13 billion to $1.14 billion, up from prior estimates of $1.04 billion to $1.055 billion. Additionally, Novanta increased its full-year 2026 adjusted EPS guidance to $3.68 to $3.74, exceeding the $3.59 consensus estimate. These developments were accompanied by a strong earnings beat in the second quarter, with sales of $265.807 million surpassing the $262.297 million estimate. The company also provided optimistic Q3 guidance, with expected sales of $300 million to $304 million.

What The Data Shows

The stock opened at $169.50, a 10.7% gap up from the prior close, and reached an intraday high of $174.92. The session low of $161.17 occurred at the market open. Trading volume has reached 0.2 million shares, or 0.4 times the 3-month daily average. The stock is currently trading near its 52-week high of $171.85. Novanta’s market cap is $6.0 billion, and its P/E ratio is 108.4. The stock has shown strong revenue growth of 5.6% in the trailing twelve months and maintains a net margin of 5.3%. Recent insider transactions show CEO Matthijs Glastra has sold shares on three occasions since May 2026.

What To Watch

The stock is expected to remain in focus as the market digests the raised full-year guidance and strong earnings performance. Investors should monitor the company’s Q3 results and any further updates to its strategic direction.