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.
Key figures
- Eps
- 0.5
- Revenue
- 313387000
- Guidance
- Q4 2026: revenue $270-$290M, Adj. EBITDA margin 29-32%, Adj. EPS $0.37-$0.41; FY26 raised to revenue $1,143-$1,163M (from $1,130-$1,150M), Adj. EBITDA margin 31-32% (from 29-31%), Adj. EPS $1.68-$1.72 (from $1.64-$1.68)
- Revenue Yoy
- 13%
- Net income
- 84820000
- Gross margin
- 70.8%
- Free cash flow
- 103776000
- Adjusted ebitda
- 111399000
- Adjusted eps yoy
- 61%
- Operating income
- 100822000
- Operating margin
- 32.2%
- Dividend per share
- 0.09
- Adjusted eps diluted
- 0.53
- Cash and investments
- 846000000
- Dividend increase pct
- approximately 6%
- Adjusted ebitda margin
- 35.5%
AI analysis
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