What does Novanta do?

Novanta makes high-precision parts that other companies build into their machines, including laser systems, precise motion and robotics parts, and spindles. It also supplies medical technology such as surgical insufflators, pumps, imaging, RFID tracking and operating room equipment. Its customers include industrial manufacturers, robotics makers, life science companies and medical device makers.

What is Novanta's fair value?

On an owner-earnings DCF, Novanta's most-likely fair value is about $93, versus a recent price near $141. A margin-of-safety estimate, not a price target. Analysis, not advice.

Technology · Scientific & Technical Instruments · NOVT

What Novanta Does & How It Makes Money (NOVT)

Updated October 2026 · reflects Novanta's latest reported financials

Maker of precision laser, motion and medical technology components. Novanta designs, manufactures and sells precision components and subsystems to equipment makers in industrial, robotics, life science and medical markets.

Novanta's story, moat and numbers — in a 3-minute visual book.

Explore Novanta on TacticScale →

How Novanta makes money

Novanta designs, manufactures and sells precision components and subsystems to equipment makers in industrial, robotics, life science and medical markets. It also earns revenue from medical devices and the related disposables used with them.

What Novanta does

Novanta Inc., formerly GSI Group and based in Bedford, Massachusetts, supplies precision technologies that serve as key components in other companies' equipment. One segment covers precision medicine and manufacturing. It makes laser beam steering and scanning systems, laser sources, robotic and precision motion products, end-of-arm tooling and bearing spindles for advanced industrial processes, industrial and medical robotics, life science automation and medical laser procedures such as ophthalmology. The Medical Solutions segment offers medical-grade technologies, including insufflators, pumps and disposables, imaging, identification and RFID solutions, advanced motion control, light engines and integrated operating room technology. The company was founded in 1968 and sells in the United States and internationally.

Products & services

Laser beam steering and scanning solutions
Laser sources
Robotic and precision motion systems and robotic end-of-arm tooling
Medical insufflators, pumps and related disposables
Imaging, identification and RFID solutions
Integrated operating room technologies and light engines

What is Novanta worth?

On an owner-earnings DCF, Novanta's most-likely value is about $93 versus a recent price near $141 (34% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$37) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.

Verdict: Fairly priced — no edge

Owner-earnings fair value · recent price ≈ $141

Fair value (most likely)

$93

Range

$62–$151

No-growth floor

$37

Price

~$141

Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.

Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →

Sector Technology Industry Scientific & Technical Instruments HQ United States Ticker NOVT Official site

Related companies

NOV (NOV) · Novavax (NVAX) · LivaNova (LIVN) · Xi'an NovaStar Tech (301589.SZ) · Nordson (NDSN)

Understand Novanta in 3 minutes →