Novanta (NASDAQ:NOVT) reported stronger-than-expected first-quarter 2026 results, with management citing broad-based bookings growth, accelerating demand in automation and medical markets, and rising exposure to artificial intelligence-related infrastructure applications.
Chair and Chief Executive Officer Matthijs Glastra said revenue increased 10% on a reported basis and 3% organically in the quarter, marking “a step up versus the prior quarter.” Bookings rose 37% year over year, and the company posted a book-to-bill ratio of 1.10. Glastra said every business delivered double-digit bookings growth and year-over-year revenue growth.
