Cognex Corporation

Cognex Reports Third Quarter 2026 Results

Cognex posted record Q3 2026 revenue of $313 million, up 13% year over year (19% excluding the prior-year one-time Commercial Partnership benefit), with GAAP operating margin of 32.2% and Adjusted EBITDA margin of 35.5%, up 1,060 bps. GAAP diluted EPS was $0.50 versus $0.10 a year ago; Adjusted EPS of $0.53 rose 61% (89% ex-CP), marking the ninth consecutive quarter of growth and margin expansion. The company raised full-year 2026 guidance to revenue of $1,143-$1,163M and Adjusted EPS of $1.68-$1.72, guided Q4 revenue to $270-$290M, and increased its quarterly dividend ~6% to $0.09 per share. Cognex also announced a definitive agreement to acquire RealSense, Inc., a leader in depth-sensing cameras and robotic perception, in an all-cash deal expected to close in Q4 2026, funded from its $846M cash position with no debt.

•4d ago

Cognex Launches New Wafer Reader to Help Semiconductor Manufacturers Scale Production

Cognex launched the In-Sight 1750 Series, a next-generation wafer and panel identification system for semiconductor manufacturers, positioned to capture demand tied to AI infrastructure buildouts. The system targets more reliable wafer traceability with AI-powered reading of degraded marks and challenging substrates, and supports straightforward upgrades for existing In-Sight 1740 users. No revenue, order, or adoption figures were disclosed; the announcement is a routine but strategically relevant product launch in the machine-vision leader's semiconductor vertical.

•1mo ago

Cognex to Acquire RealSense, Expanding Machine Vision Leadership into High-Growth Robotic Perception Market

Cognex has signed a definitive agreement to acquire RealSense, the market leader in depth-sensing cameras and vision technology for robotic perception and Physical AI, for approximately $500 million in an all-cash deal funded entirely from existing cash and investments. RealSense, originally founded by Intel in 2014 and spun out in 2025, is expected to generate $80-90 million of revenue in 2026, up more than 50% year over year, giving Cognex entry into a robotic perception market estimated at $600 million today and projected to reach roughly $1.6 billion by 2030. The consideration comes with a three-year $56.5 million cash retention program for RealSense employees plus roughly $50 million in restricted stock units; closing is expected in the fourth quarter of 2026, with RealSense spinning out its Facial Authentication product line before the deal completes. Cognex management expects the deal to be strongly accretive to its growth profile and to scale in line with its through-cycle framework for Adjusted EBITDA margins and free cash flow conversion.

•1mo ago

Cognex Reports Second Quarter 2026 Results

Cognex delivered record Q2 revenue of $291 million, up 17% year over year, with GAAP EPS increasing 79% to $0.43. Operating performance was exceptional, with operating margin expanding 1,200 basis points to 29.4% and free cash flow reaching $68 million, a 70% increase. The company raised full-year guidance to $1.13B-$1.15B in revenue and declared a quarterly dividend of $0.085 per share, alongside the general availability of its OneVision AI platform.

•3mo ago

Cognex Reports First Quarter 2026 Results

Cognex delivered an exceptional Q1 with revenue of $268 million, up 24% year-over-year, and non-GAAP EPS surging 113% to $0.34. Operating margin expanded 1,020 basis points to 22.3%, driven by broad-based strength across end markets and disciplined cost management. Looking ahead, the company raised the bar for Q2 with revenue guidance of $280 million to $300 million and adjusted EPS of $0.40 to $0.44, implying significant growth over the prior year. Capital allocation was a major focus, with $99 million returned via opportunistic share repurchases and a new quarterly dividend of $0.085 per share declared. The quarter also featured the launch of two new AI vision platforms in partnership with NVIDIA and Qualcomm.

•6mo ago

Cognex Launches Highest Performance Embedded AI Vision System Powered by Qualcomm

Cognex launched the In-Sight 3900, an embedded AI vision system powered by Qualcomm Dragonwing platforms that processes inspections up to 4X faster than previous generations. The system supports high-resolution imaging up to 25 megapixels and enables real-time, high-throughput edge execution for applications in packaging, automotive, and electronics. This launch is part of Cognex's cloud-to-edge AI vision ecosystem, integrating with its OneVision software to streamline model development and deployment.

•6mo ago

Cognex Launches In-Sight Vision Controller Powered by NVIDIA

Cognex launched the In-Sight 6900 Vision Controller, a modular AI-powered system designed for demanding manufacturing inspections without external PCs. The device leverages NVIDIA Jetson technology to deliver up to 157 TOPS of AI performance and integrates with Cognex's OneVision platform for scalable deployment. This launch aims to accelerate AI adoption in factory automation by offering a solution that combines high-performance edge computing with modular hardware configuration.

•6mo ago