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Cognex Corporation(CGNX)Earnings, Financials & Key Ratios
CGNX•NASDAQ
$69.49
102.2× P/E·Price updated Jul 6, 2026
AboutCognex Corporation provides machine vision products that capture and analyze visual information in order to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, aspirin bottles, and automobile tires by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process. The company offers VisionPro software, a suite of patented vision tools for advanced programming; QuickBuild that allows customers to build vision applications with a graphical, flowchart-based programming interface; and Cognex deep learning vision software. It also provides a range of inspection tasks, including part location, identification, measurement, assembly verification, and robotic guidance; vision sensors for vision applications, such as checking the presence and size of parts; and the In-Sight product line of vision systems and sensors. In addition, the company offers DataMan, an image-based barcode readers and barcode verifiers. It sells its products to consumer electronics, automotive, consumer products, food and beverage, pharmaceuticals, and medical devices industries, as well as through a network of distributors and integrators. Cognex Corporation was incorporated in 1981 and is headquartered in Natick, Massachusetts.Show more
- Revenue$994M+8.7%
- EBITDA$193M+30.9%
- Net Income$114M+7.8%
- EPS (Diluted)0.68+9.7%
- Gross Margin66.92%-2.2%
- EBITDA Margin19.45%+20.4%
- Operating Margin16.35%+29.9%
- Net Margin11.51%-0.9%
- ROE7.61%+8.3%
CGNX Price & Volume
Cognex Corporation (CGNX) stock price & volume — 10-year historical chart
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Cyclical Revenue Recovery Drives Margin Expansion Potential
Investment Thesis • Updated 2026Q1
VerdictPositive
Growth:Accelerating
Profitability:Moderate
Financial:Fortress
Cash Flow:Robust
Primary Risk:Cyclical capital expenditure sensitivity
Key Thesis Takeaways
- Cognex is currently navigating a robust cyclical recovery, evidenced by a 24.3% year-over-year revenue growth in 2026Q1, supported by a disciplined R&D spend of approximately $37M per quarter.
- While the company maintains a fortress balance sheet with a 0.05 debt-to-equity ratio, investors should monitor the $382.8M goodwill balance and the inherent volatility in working capital requirements.
- The firm's ability to leverage its asset-light model, characterized by a CapEx/Revenue ratio near 1%, positions it to capture long-term value in machine vision despite potential integration risks from recent acquisitions.
Verdict Logic
the company's ability to maintain a 71.1% gross margin while accelerating revenue growth by 24.3% suggests a strong competitive moat in the machine vision market that justifies its current operational trajectory.
CGNX Growth Metrics
Cognex Corporation (CGNX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years8.24%
5 Years4.16%
3 Years-0.39%
TTM13.81%
Profit CAGR
10 Years-4.8%
5 Years-8.27%
3 Years-19.02%
TTM21.05%
EPS CAGR
10 Years-4.43%
5 Years-7.42%
3 Years-17.93%
TTM23.53%
Return on Capital
10 Years13.35%
5 Years10.83%
3 Years7.44%
Last Year8.89%
CGNX Recent Earnings
Cognex Corporation (CGNX) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.34+36.9%
$0.25
Rev
$268M+9.1%
$246M
Q1 2026
Feb 11, 2026Metric
Actual
Est
EPS
$0.27+22.7%
$0.22
Rev
$252M+5.6%
$239M
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$0.33+22.2%
$0.27
Rev
$277M+15.9%
$239M
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$0.25+8.7%
$0.23
Rev
$249M+0.4%
$248M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.34vs $0.25+36.9% | $268Mvs $246M+9.1% |
| Q1 2026 | Feb 11, 2026 | $0.27vs $0.22+22.7% | $252Mvs $239M+5.6% |
| Q4 2025 | Oct 29, 2025 | $0.33vs $0.27+22.2% | $277Mvs $239M+15.9% |
| Q3 2025 | Jul 30, 2025 | $0.25vs $0.23+8.7% | $249Mvs $248M+0.4% |
Based on last 12 quarters of dataView full earnings history →
Latest CGNX News
Recent stock market news and headlines for Cognex Corporation (CGNX)
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Peers Comparison
Key metrics vs top competitors for Cognex Corporation (CGNX)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $69.49 | $11.61B | 102.19 | 8.73% | 11.51% | 7.61% | 0.46% | |
| $319.73 | $54.83B | 65.52 | 7.95% | 17.25% | 17.44% | — | |
| $58.70 | $2.76B | -36.92 | 12.74% | -11.54% | -6.84% | — | |
| $42.42 | $9.82B | 282.80 | 8.39% | -4.03% | -6.92% | — | |
| $164.89 | $5.87B | 112.17 | 3.3% | 5.35% | 5.08% | — | |
| $119.61 | $6.26B | 9999.00 | -7.38% | 0.4% | 0.37% | — |
Compare CGNX vs Peers
Cognex Corporation (CGNX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CGNX SEC Filings & Documents
Cognex Corporation (CGNX) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 6, 2026·SEC
Material company update
Apr 30, 2026·SEC
Material company update
Feb 17, 2026·SEC
10-K Annual Reports
410-Q Quarterly Reports
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CGNX Frequently Asked Questions
Cognex Corporation (CGNX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Cognex Corporation's revenue?
Cognex Corporation (CGNX) reported $1.05B in revenue for fiscal year 2025. This represents a 752% increase from $122.8M in 1996.
How fast is Cognex Corporation growing?
Cognex Corporation (CGNX) grew revenue by 8.7% over the past year. This is steady growth.
Is CGNX profitable?
Yes, Cognex Corporation (CGNX) is profitable, generating $142.5M in net income for fiscal year 2025 (11.5% net margin).
Dividend & Returns
Does CGNX pay dividends?
Yes, Cognex Corporation (CGNX) pays a dividend with a yield of 0.46%. This makes it attractive for income-focused investors.
What is CGNX's return on equity?
Cognex Corporation (CGNX) has a return on equity (ROE) of 7.6%. This is below average, suggesting room for improvement.
What is Cognex Corporation's free cash flow?
Cognex Corporation (CGNX) generated $241.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.