Novanta Inc

NOVT is in a Stage 2 advance with a clear series of higher highs and higher lows, trading within a consolidation near recent highs above rising moving averages. Dynamic support from the 9EMA and 20EMA has held on pullbacks, and no exhaustion is visible—short-term conditions favor engagement for continuation.

• ↑Q1 2026 revenue $259–264 M, up 10% YoY; bookings +37%, book-to-bill 1.10.
• ↑Operating cash flow $52 M, up 63% YoY, enabling strategic investments.
• ↓Non-GAAP gross margin 45.6% fell below guidance amid cost pressures.