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Cognex

CGNX

Cognex is a global leader in industrial machine vision technology, providing advanced hardware and software solutions that automate manufacturing and distribution processes.

Market cap
$10.2B+80.0%
Revenue$1.0B+13.8%
Net income$142.5M+21.1%
Free cash flow$241.1M+48.4%
EPS (diluted)$0.85+23.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$292.1M
EPS estimate$0.42

Financials

Q1 2026

Income statement

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Revenue$268.4M+24.3%
Gross profit$190.9M+32.3%
Operating income$59.9M+129%
Net income$51.7M+119%
EPS (diluted)$0.31+121%

Balance sheet

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Cash & equivalents$237.3M+65.1%
Total debt$74.0M+0.4%
Total equity$1.5B+2.3%
Total assets$2.0B+3.8%

Cash flow

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Operating cash flow$45.1M+11.3%
CapEx$2.8M+10.2%
Free cash flow$42.3M+11.4%

Valuation & ratios

Valuation

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Market cap$10.2B+80.0%
Enterprise value$10.04B+75.6%
P/E71.6×+23.9×
P/S9.7×+3.5×

Profitability

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Gross margin68%-0.3pp
Operating margin18.8%+5.0pp
Net margin13.6%+0.8pp
FCF margin23%+5.4pp

Returns & leverage

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Return on equity9.7%+1.7pp
Debt / equity0.1×0.0×
Current ratio3.6×+0.5×

Segments

By geography

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Americas$121.3M+22.1%
Europe$63.8M+36.4%
Other Asia$45.6M+6.1%

By product

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Standard products and services$254.4M+24.4%
Application-specific customer solutions$14.0M+21.4%

Competitors

Profile

Cognex is a global leader in industrial machine vision technology, providing advanced hardware and software solutions that automate manufacturing and distribution processes. The company's systems enable machines to locate, identify, inspect, and measure discrete items at speeds and accuracies exceeding human capability. By integrating artificial intelligence and deep learning, Cognex helps diverse industries improve product quality, reduce labor costs, and optimize supply chain traceability.

Competitive position

Cognex is a dominant global player in the machine vision market, distinguished by its deep R&D investment in AI and deep learning and its transition from serving only sophisticated high-end users to a broader, standardized customer base.

GeographiesUnited States, Europe, Greater China, Asia-Pacific
Customer segmentsEnterprise manufacturers, Logistics providers, E-commerce retailers, OEMs
Business modelHardware-enabled software, Direct sales, B2B Equipment, Cloud-based AI platform
SuppliersElectronics manufacturing services (EMS) providers, Semiconductor component suppliers, Third-party contract manufacturers in Indonesia and Malaysia, Raw material suppliers for optical glass
CustomersE-commerce fulfillment centers, Automotive assembly plants, Consumer electronics factories, Parcel and postal delivery services, Semiconductor fabrication facilities
Listed1989
Employees3.0K
CEOMatthew Moschner
Websitecognex.com
FilingsSEC EDGAR

Questions, answered.

What is Cognex's market cap?
Cognex (CGNX) has a market capitalization of $10.2B and trades on NASDAQ.
What is Cognex's revenue and profitability?
Cognex generated $1.0B in trailing twelve-month revenue with net income of $142.5M, representing a net margin of 13.6%. Gross margin stands at 68.0%, with free cash flow of $241.1M. These figures are based on the Q1 2026 filing.
Who are Cognex's competitors?
Cognex's key competitors include Teledyne Technologies, CEMTREX INC., Ambarella, Inc. Ordinary Shares, and others. These companies compete in similar markets and product categories.
What subsidiaries does Cognex have?
Cognex's subsidiaries include Moritex Corporation.
Where is Cognex headquartered?
Cognex is headquartered in United States of America and employs approximately 2,992 people. It has been publicly traded since 1989.