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Novanta NOVT Inventory write-downs

Inventory write-downs at other companies

Globus Medical logo
Globus MedicalGMED
$4.96M-16.8%
Teradyne, Inc. logo
Teradyne, Inc.TER
$4.68M-5.3%
Fabrinet logo
FabrinetFN

Other financials

Income statement

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Revenue$257.7M+10.4%
Gross profit$113.6M+8.8%
Operating income$27.5M-15.1%
Net income$21.1M-0.5%
EPS (diluted)$0.51-13.6%

Balance sheet

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Cash & equivalents$388.8M+267%
Total debt$291.3M-34.2%
Total equity$1.3B+70.3%
Total assets$1.8B+29.9%

Cash flow

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Operating cash flow$51.6M+62.9%
CapEx$4.1M-3.4%
Free cash flow$47.5M+73.2%

Valuation

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Market cap$5.53B-8.3%
Enterprise value$5.43B-16.6%
P/E103×+17.5×
P/S5.5×-0.8×

Profitability

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Gross margin44.2%-0.5pp
Operating margin8.9%-3.5pp
Net margin5.3%-2.1pp
FCF margin6.8%-8.1pp

Returns & leverage

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Return on equity5.2%-4.6pp
Debt / equity0.2×-0.4×
Current ratio3.6×+1.0×

Where this comes from

Reported directly by Novanta in its filing.

Tagged under the XBRL concept us-gaap:InventoryWriteDown.

The official record: Novanta’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Novanta's inventory write-downs?
Novanta (NOVT) reported inventory write-downs of $710K in Q1 2026.
How has Novanta's inventory write-downs changed year-over-year?
Novanta's inventory write-downs decreased by 6.2% year-over-year, from $757K to $710K.
What is the long-term trend for Novanta's inventory write-downs?
Over 4 years (2021 to 2025), Novanta's inventory write-downs has grown at a -2.6% compound annual growth rate (CAGR), from $3.63M to $3.27M.
What does inventory write-downs mean?
Represents the non-cash charge taken to reduce the carrying value of inventory when its market value falls below cost. This metric highlights potential obsolescence, quality issues, or shifts in demand for the company's products.