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Cognex Corp

CGNX · Industrials

Last earnings Aug 5, 2026

Key results

Operating Highlights revenuequarter

4%

Second-Quarter Financial and Operating Highlights Revenue grew 4% year over year or 3% on a constant-currency basis.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Operating marginquarter

17.4%

Operating margin of 17.4% Adjusted EBITDA margin of 20.7%, up 80 basis points year over year and above 20% for the first time since the second quarter of 2023.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Net incomequarter

$0.24

Net income per diluted share was $0.24 Adjusted diluted earnings per share were $0.25, an increase of 12% year over year, fourth consecutive quarter of growth.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Adjusted EPSquarter

$0.25

Net income per diluted share was $0.24 Adjusted diluted earnings per share were $0.25, an increase of 12% year over year, fourth consecutive quarter of growth.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Revenuequarter

$249 million

1 Revenue was $249 million, compared with $239 million in the second quarter of 2024, an increase of 4%.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Excluding the impact of foreign currency exchange (FX), revenue increased 3% compared to the prior year.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Gross marginquarter

67.4%

Gross margin was 67.4% compared to 69.6% in the second quarter of 2024.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Adjusted gross marginquarter

68.0%

Adjusted gross margin was 68.0% compared to 70.3% in the second quarter of 2024, a decline of 230 basis points.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Operating margin was 17.4% compared to 16.1% in the second quarter of 2024, an increase of 130 basis points.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

AI analysis

Q2 2025 · reported Jul 30, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Revenue · Q2 2025
$249M
+4.2% +$10M vs year ago computed from stated figures
EX-99 · Jul 30, 2025
Adjusted EPS · Q2 2025
$0.25
EX-99 · Jul 30, 2025
Gross margin · Q2 2025
67.4%
-2.2 pts vs year ago computed from stated figures
EX-99 · Jul 30, 2025
Operating margin · Q2 2025
17.4%
EX-99 · Jul 30, 2025

The quarter in charts

Revenue — quarterly

As stated

0100200300$239MSame quarter last year$249MQ2 2025

EX-99 · Jul 30, 2025 Statement values as stated in the release.

GAAP gross margin

Percent of revenue, as stated

0%40%80%69.6%Same quarter last year67.4%Q2 2025

EX-99 · Jul 30, 2025 Margin values as stated in the release.

Headline figures

MetricQ2 2025Prior qtrYear ago
Operating Highlights revenue4%——
Operating margin17.4%——
Net income$0.24——
Adjusted EPS$0.25——
Revenue$249 million—$239 million
Gross margin67.4%—69.6%
Adjusted gross margin68.0%—70.3%

EX-99 · Jul 30, 2025

Guidance · company-stated

No guidance located in the held release

Outlook statement

“Table 1 Third-Quarter 2026 Guidance (Dollars in millions, except per share amounts) Q3 2026 Guidance Q3 2025 Results Q3 2025 Results ex CP* Y Y Change** Y Y Change** ex CP* Revenue $300 - $320 $277 $264 +12% +17% Adj.”

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Operating margin17.4%
Gross margin67.4%
Adjusted gross margin68.0%

Capital allocation

Dividend$13M

Balance Sheet and Cash Flow Highlights As of June 29, 2025, Cognex s financial position remained strong, with $553 million in cash and investments and no debt.

Company-stated claims

Feb 12, 2026

Forward-looking · double · subscribers_users

“Third, we aim to double our customer base within five years.”

10-K · Feb 12, 2026
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Net income per diluted share was $0.24 Adjusted diluted earnings per share were $0.25, an increase of 12% year over year, fourth consecutive quarter of growth

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

Balance Sheet and Cash Flow Highlights As of June 29, 2025, Cognex s financial position remained strong, with $553 million in cash and investments and no debt.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Cognex paid $13 million in dividends to shareholders in the second quarter.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Dividend On July 30, 2025, Cognex's Board of Directors declared a quarterly cash dividend of $0.08 per share.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

The dividend is payable on August 28, 2025, to all shareholders of record at the close of business on August 14, 2025.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Free cash flow Cash provided by operating activities less cash for capital expenditures.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Corporate bonds consist of debt securities issued by both domestic and foreign companies; treasury notes consist of debt securities issued by the U.

SEC original ↗Cognex Corp — 10-Q Quarterly report10-QAug 6, 2026

Strategy & priorities

We re focused on executing on our strategic priorities and delivering on our long-term financial framework to drive shareholder value, said Matt Moschner, President and CEO.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

The second quarter represents an early, but meaningful, step forward in this journey, marked by continued Adjusted EBITDA margin expansion and strong free cash flow generation both of which we believe are important indicators of our financial discipline and long-term value creation.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

The year-over-year expansion was driven by revenue growth and lower operating expenses.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

During the third quarter, Cognex entered into a commercial partnership with a strategic channel partner to better serve OEM customers in the specialized field of medical lab automation.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Cognex makes these tools more capable and easier to deploy thanks to a longstanding focus on AI, helping factories and warehouses improve quality and maximize efficiency without needing highly technical expertise.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Risks & headwinds

The year-over-year decline was primarily due to less favorable industry mix, and, to a lesser extent, the impact from tariffs.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

As of the date of this release, Cognex continues to expect no material impact on Adjusted Earnings per Share or Adjusted EBITDA margin from tariffs, including recently announced trade agreements with China, Vietnam and Indonesia.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Innovative technology in our vision sensors and systems solves critical manufacturing and distribution challenges, providing unparalleled performance for industries from automotive to consumer electronics to packaged goods.

SEC original ↗Cognex Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Legal Proceedings 29 Item 1A.

SEC original ↗Cognex Corp — 10-Q Quarterly report10-QAug 6, 2026

The amendments replace the former development stage model with a judgment-based framework and require entities to evaluate whether significant development uncertainty exists before capitalizing costs.

SEC original ↗Cognex Corp — 10-Q Quarterly report10-QAug 6, 2026

Various claims and legal proceedings generally incidental to the normal course of business are pending or threatened on behalf of or against the Company.

SEC original ↗Cognex Corp — 10-Q Quarterly report10-QAug 6, 2026

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

RELX (RELX) IndustrialsThomson Reuters (TRI) IndustrialsFedEx (FDX) IndustrialsVertiv (VRT) IndustrialsCanadian National Railway (CNI) IndustrialsAerCap Holdings (AER) IndustrialsCanadian Pacific Kansas City (CP) IndustrialsGeneral Dynamics (GD) Industrials
Documents

Filings

31 documents

Earnings releases

12 documents

Presentations

0 documents

No presentations for Cognex Corp are held in this edition of the library.

Transcripts

0 documents

No transcripts for Cognex Corp are held in this edition of the library.

Mentioned by

4 companies

Other tracked companies whose held documents mention Cognex Corp by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.