Novanta Inc. Raises Revenue Outlook After 37% Bookings Surge

Novanta Inc. raised its revenue outlook following a 37% year-over-year increase in bookings. The technology solutions company cited improving demand across its portfolio, specifically within robotics, semiconductor equipment, medical technologies, and AI-related applications.

Conestoga Capital Advisors highlighted these results in its second-quarter 2026 investor letter. The asset management firm identified Novanta Inc. as a notable performance contributor to its Small Cap Composite strategy, noting that the growth in bookings reinforces confidence that organic expansion is broadening across the company's operations.