CGNX Stock - Cognex Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $914.51M | $837.55M | $1.01B | $1.04B | $811.02M |
| Gross Profit | $625.79M | $601.24M | $721.90M | $759.83M | $604.60M |
| Gross Margin | 68.4% | 71.8% | 71.8% | 73.3% | 74.5% |
| Operating Income | $115.06M | $130.70M | $246.23M | $315.10M | $170.53M |
| Net Income | $106.17M | $113.23M | $215.53M | $279.88M | $176.19M |
| Net Margin | 11.6% | 13.5% | 21.4% | 27.0% | 21.7% |
| EPS | $0.62 | $0.66 | $1.24 | $1.59 | $1.02 |
Cognex 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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 16th 2025 | Goldman | Upgrade | Buy | $50 |
| December 3rd 2025 | JP Morgan | Downgrade | Underweight | $35 |
| October 8th 2025 | Barclays | Initiation | Overweight | $55 |
| September 15th 2025 | JP Morgan | Initiation | Neutral | $45 |
| August 1st 2025 | KeyBanc Capital Markets | Upgrade | Overweight | $50 |
| July 10th 2025 | Melius | Upgrade | Buy | $60 |
| April 28th 2025 | TD Cowen | Upgrade | Buy | $35 |
| February 21st 2025 | HSBC Securities | Downgrade | Hold | $33 |
| December 20th 2024 | Cantor Fitzgerald | Initiation | Overweight | $49 |
| November 5th 2024 | Truist | Downgrade | Hold | $43← $46 |
| October 16th 2024 | Stephens | Upgrade | Overweight | $55← $45 |
| July 29th 2024 | Needham | Reiterated | Buy | $57← $48 |
| July 23rd 2024 | Vertical Research | Initiation | Buy | $58 |
| May 7th 2024 | HSBC Securities | Upgrade | Buy | - |
| March 19th 2024 | UBS | Upgrade | Buy | $54← $42 |
Earnings History & Surprises
CGNXEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 28, 2026 | — | — | — | — |
Q1 2026 | Feb 11, 2026 | $0.22 | — | — | — |
Q4 2025 | Oct 29, 2025 | $0.27 | $0.33 | +22.2% | ✓ BEAT |
Q3 2025 | Jul 30, 2025 | $0.23 | $0.25 | +8.7% | ✓ BEAT |
Q2 2025 | Apr 30, 2025 | $0.13 | $0.16 | +23.1% | ✓ BEAT |
Q1 2025 | Feb 12, 2025 | $0.15 | $0.20 | +33.3% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $0.19 | $0.20 | +5.3% | ✓ BEAT |
Q3 2024 | Jul 31, 2024 | $0.21 | $0.23 | +9.5% | ✓ BEAT |
Q2 2024 | May 2, 2024 | $0.08 | $0.11 | +37.5% | ✓ BEAT |
Q1 2024 | Feb 15, 2024 | $0.11 | $0.11 | 0.0% | = MET |
Q4 2023 | Oct 31, 2023 | $0.15 | $0.16 | +6.7% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $0.28 | $0.32 | +14.3% | ✓ BEAT |
Q2 2023 | May 4, 2023 | $0.09 | $0.13 | +44.4% | ✓ BEAT |
Q1 2023 | Feb 16, 2023 | $0.32 | $0.27 | -15.6% | ✗ MISS |
Q4 2022 | Nov 3, 2022 | $0.14 | $0.21 | +50.0% | ✓ BEAT |
Q3 2022 | Aug 2, 2022 | $0.41 | $0.41 | 0.0% | = MET |
Q2 2022 | May 5, 2022 | $0.39 | $0.42 | +7.7% | ✓ BEAT |
Q1 2022 | Feb 17, 2022 | $0.22 | $0.30 | +36.4% | ✓ BEAT |
Q4 2021 | Nov 4, 2021 | $0.46 | $0.40 | -13.0% | ✗ MISS |
Q3 2021 | Aug 5, 2021 | $0.42 | $0.43 | +2.4% | ✓ BEAT |
Latest News
Truist Securities Maintains Hold on Cognex, Lowers Price Target to $42
➖ NeutralCognex shares are trading higher after Goldman Sachs upgraded the stock from Sell to Buy and raised its price target from $42 to $50.
📈 PositiveGoldman Sachs Upgrades Cognex to Buy, Raises Price Target to $50
📈 PositiveJP Morgan Downgrades Cognex to Underweight, Lowers Price Target to $35
📉 NegativeDA Davidson Maintains Neutral on Cognex, Raises Price Target to $38
➖ NeutralBarclays Maintains Overweight on Cognex, Raises Price Target to $56
📈 PositiveNeedham Maintains Buy on Cognex, Raises Price Target to $47
📈 PositiveCognex shares are trading lower. The company reported Q3 financial results.
📉 NegativeCognex Non-GAAP EPS of $0.33 beats by $0.04, revenue of $277M beats by $15.11M
📈 PositiveCognex Sees Q4 Adj EPS $0.19-$0.24 vs $0.22 Est; Sees Sales $230M-$245M vs $236.867M Est
➖ NeutralCognex Q3 Adj. EPS $0.33 Beats $0.29 Estimate, Sales $276.892M Beat $262.261M Estimate
📈 PositiveCognex gains after activst Engaged Capital reports stake
📈 PositiveActivist Engaged Built Stake In Cognex, Says Stock Could Double In Two Years With Cost Cuts
📈 PositiveTruist Securities Maintains Hold on Cognex, Raises Price Target to $45
➖ NeutralGoldman Sachs Maintains Sell on Cognex, Raises Price Target to $40
➖ NeutralJP Morgan Initiates Coverage On Cognex with Neutral Rating, Announces Price Target of $45
➖ NeutralFrequently Asked Questions about CGNX
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