Sanyo Pancake Stepper Motor: Bipolar, 200 Steps/Rev, 42×18.6mm, 5.4V, 1 A/Phase

Yes. To avoid damaging your stepper motor, you want to avoid exceeding the rated current, which is 600 mA in this instance. All of our stepper motor drivers let you limit the maximum current, so as long as you set the limit below the rated current, you will be within spec for your motor, even if the voltage exceeds the rated voltage. The voltage rating is just the voltage at which each coil draws the rated current, so the coils of your stepper motor will draw 600 mA at 3.9 V. By using a higher voltage along with active current limiting, the current is able to ramp up faster, which lets you achieve higher step rates than you could using the rated voltage.

If you do want to use a lower motor supply voltage for other reasons, consider using our DRV8834 or STSPIN-220 low-voltage stepper motor drivers.