Cognex Corporation logo

Cognex Corporation

CGNX

NASDAQTechnologyHardware, Equipment & Parts

Previous close

$60.54

+$0.81 · +1.36%

Aug 21, 4:00 PM ET

CGNX company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

15

Overpriced

Momentum

63

Gaining

Sentiment

68

Bullish

Risk resilience

55

Elevated Risk

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Company profile

Company website

Cognex Corporation specializes in machine vision technology, offering solutions that interpret and process visual data to streamline and automate production and logistics operations globally. Their advanced vision systems enable the automated manufacturing and tracking of individual components or finished goods, such as mobile devices, pharmaceutical containers, and automotive parts. This is achieved by precisely locating, recognizing, examining, and gauging items throughout their journey from production to delivery. The company provides a comprehensive software portfolio, including VisionPro, a collection of patented tools for sophisticated development; QuickBuild, an intuitive platform enabling users to create vision applications via a graphical, flowchart interface; and its specialized deep learning vision software. Beyond software, their offerings encompass robust vision sensors for tasks like ensuring component presence and accurate sizing, alongside the versatile In-Sight series of integrated vision systems and sensors. These tools support a variety of critical inspection functions, such as pinpointing part locations, confirming identities, precise dimensioning, validating assembly, and guiding robotics. Another key product is DataMan, their line of image-based barcode readers and verification systems. Cognex serves a diverse clientele across various sectors, including consumer electronics, automotive manufacturing, general consumer goods, food and beverage processing, pharmaceuticals, and medical device production. Their products are distributed directly and through a global network of partners and system integrators. Established in 1981, Cognex Corporation maintains its headquarters in Natick, Massachusetts.

Industry
Hardware, Equipment & Parts
Sector
Technology
Headquarters
US
CEO
Matthew Moschner
Listed since
Jul 20, 1989
Employees
2,745

Market position

Day range

Current $60.54

52-week range

Current $60.54

Open
$60.36
Previous close
$59.73
Volume
1.7M
0.73× average
Average volume
2.34M
Average daily volume
Market cap
10.08B USD
Beta
1.5
Market reference 1
50-day average
$64.7598
-6.52% below average
200-day average
$52.4192
+15.49% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.86B USD
P/E (TTM)
57.66×
P/B (TTM)
6.22×
P/S (TTM)
9.25×
EV / EBITDA
27.44×
Earnings yield
1.89%
Free cash flow yield
3.92%
Dividend yield
0.56%

Profitability & efficiency

Gross margin
68.87%
Operating margin
21.90%
Net margin
16.05%
Return on equity
7.67%
Return on assets
5.68%
Return on invested capital
5.52%

Financial health

Debt / equity
0.04×
Current ratio
3.8×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends79%55%30%5%Gross margin, FY2021: 73.26%Gross margin, FY2022: 71.75%Gross margin, FY2023: 71.79%Gross margin, FY2024: 68.43%Gross margin, FY2025: 66.92%Operating margin, FY2021: 30.38%Operating margin, FY2022: 24.47%Operating margin, FY2023: 15.61%Operating margin, FY2024: 12.58%Operating margin, FY2025: 16.35%Net margin, FY2021: 26.99%Net margin, FY2022: 21.42%Net margin, FY2023: 13.52%Net margin, FY2024: 11.61%Net margin, FY2025: 11.51%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 73.26%. Gross margin FY2022 71.75%. Gross margin FY2023 71.79%. Gross margin FY2024 68.43%. Gross margin FY2025 66.92%. Operating margin FY2021 30.38%. Operating margin FY2022 24.47%. Operating margin FY2023 15.61%. Operating margin FY2024 12.58%. Operating margin FY2025 16.35%. Net margin FY2021 26.99%. Net margin FY2022 21.42%. Net margin FY2023 13.52%. Net margin FY2024 11.61%. Net margin FY2025 11.51%.

Income trends

Revenue

994.36M USD+8.73%

Operating income

162.57M USD+41.28%

Net income

114.44M USD+7.79%
Income trends across reported periods1.13B USD757.82M USD385.45M USD13.08M USDRevenue, FY2021: 1.04B USDRevenue, FY2022: 1.01B USDRevenue, FY2023: 837.55M USDRevenue, FY2024: 914.52M USDRevenue, FY2025: 994.36M USDOperating income, FY2021: 315.1M USDOperating income, FY2022: 246.23M USDOperating income, FY2023: 130.7M USDOperating income, FY2024: 115.07M USDOperating income, FY2025: 162.57M USDNet income, FY2021: 279.88M USDNet income, FY2022: 215.53M USDNet income, FY2023: 113.23M USDNet income, FY2024: 106.17M USDNet income, FY2025: 114.44M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.04B USD. Revenue FY2022 1.01B USD. Revenue FY2023 837.55M USD. Revenue FY2024 914.52M USD. Revenue FY2025 994.36M USD. Operating income FY2021 315.1M USD. Operating income FY2022 246.23M USD. Operating income FY2023 130.7M USD. Operating income FY2024 115.07M USD. Operating income FY2025 162.57M USD. Net income FY2021 279.88M USD. Net income FY2022 215.53M USD. Net income FY2023 113.23M USD. Net income FY2024 106.17M USD. Net income FY2025 114.44M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue994.36M USD914.52M USD837.55M USD1.01B USD1.04B USD
Cost of goods sold328.97M USD288.72M USD236.31M USD284.19M USD277.27M USD
Gross profit665.39M USD625.79M USD601.24M USD721.91M USD759.83M USD
Research and development138.97M USD139.82M USD139.4M USD141.13M USD135.37M USD
Selling, general, and administrative363.86M USD370.91M USD339.14M USD312.11M USD309.35M USD
Operating expenses502.83M USD510.73M USD470.54M USD475.68M USD444.73M USD
Depreciation and amortization30.79M USD32.69M USD21.88M USD19.62M USD20.28M USD
Operating income162.57M USD115.07M USD130.7M USD246.23M USD315.1M USD
Net income114.44M USD106.17M USD113.23M USD215.53M USD279.88M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+19.59%
11 comparable reports
Latest EPS result
0.45
Estimate 0.42 · Beat by 6.18%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.540.40.250.11Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 0.2, estimate 0.15, surprise +33.33%, Beat. Q2 2025, reported Apr 30, 2025: actual 0.16, estimate 0.13, surprise +23.08%, Beat. Q3 2025, reported Jul 30, 2025: actual 0.25, estimate 0.23, surprise +8.70%, Beat. Q4 2025, reported Oct 29, 2025: actual 0.33, estimate 0.27, surprise +22.22%, Beat. Q1 2026, reported Feb 11, 2026: actual 0.27, estimate 0.22, surprise +22.73%, Beat. Q2 2026, reported May 6, 2026: actual 0.34, estimate 0.248, surprise +36.93%, Beat. Q3 2026, reported Aug 5, 2026: actual 0.45, estimate 0.424, surprise +6.18%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate 0.5, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates325.86M285.08M244.29M203.5MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 229.68M USD, estimate 220.68M USD, surprise +4.08%, Beat. Q2 2025, reported Apr 30, 2025: actual 216.04M USD, estimate 248.77M USD, surprise -13.16%, Miss. Q3 2025, reported Jul 30, 2025: actual 249.09M USD, estimate 248.19M USD, surprise +0.37%, Beat. Q4 2025, reported Oct 29, 2025: actual 276.89M USD, estimate 238.92M USD, surprise +15.89%, Beat. Q1 2026, reported Feb 11, 2026: actual 252.34M USD, estimate 238.99M USD, surprise +5.58%, Beat. Q2 2026, reported May 6, 2026: actual 268.44M USD, estimate 245.98M USD, surprise +9.13%, Beat. Q3 2026, reported Aug 5, 2026: actual 291.26M USD, estimate 292.1M USD, surprise -0.29%, Miss. Q4 2026, reported Oct 28, 2026: actual —, estimate 313.33M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

32 ratings
Strong buy13%
Buy1444%
Hold1547%
Sell26%
Strong sell00%

CGNX news

Corporate actions

Corporate action history

Stock split

Effective Dec 4, 2017

2:1

Stock split

Effective Sep 17, 2013

2:1

Stock split

Effective Dec 19, 1995

2:1

Stock split

Effective Oct 1, 1993

2:1

Stock split

Effective Feb 18, 1992

2:1

CGNX peers

ETFs holding CGNX

Funds reporting this stock among their holdings, ordered by reported position size.

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