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Cognex CGNX Research, Development and Engineering Expenses — Incentive compensation

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Other financials

Income statement

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Revenue$291.3M+16.9%
Gross profit$205.8M+22.6%
Operating income$85.5M+96.9%
Net income$72.8M+79.6%
EPS (diluted)$0.43+79.2%

Balance sheet

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Cash & equivalents$302.5M+68.7%
Total debt$72.5M-12.9%
Total equity$1.6B+8.2%
Total assets$2.2B+8.7%

Cash flow

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Operating cash flow$69.2M+62.2%
CapEx$1.5M-30.2%
Free cash flow$67.6M+67.3%

Valuation

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Market cap$11.77B+71.4%
Enterprise value$11.54B+70.4%
P/E67.3×+11.1×
P/S10.8×+3.4×

Profitability

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Gross margin68.9%+1.2pp
Operating margin21.9%+7.7pp
Net margin16.1%+2.9pp
FCF margin24.6%+5.3pp

Returns & leverage

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Return on equity11.1%+3.0pp
Debt / equity0.0×
Current ratio3.9×+0.6×

Where this comes from

Reported directly by Cognex in its filing.

Tagged under the XBRL concept cgnx:IncentiveCompensationExpenseBonusAndSalesCommissions.

The source filing: Cognex’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 6:34 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000851205-26-000065
Line itemThree-months Ended / July 5, 2026Three-months Ended / June 29, 2025Six-months Ended / July 5, 2026Six-months Ended / June 29, 2025
Less:
Research, development, and engineering expenses
Salaries and fringe benefits18,96519,55738,03937,831
Incentive compensation (2)2,2962,3684,3203,439
Stock-based compensation3,3883,4438,4828,139
Depreciation and amortization4727379741,492
Other segment expenses (3)7,2706,99717,60116,928
Total research, development, and engineering expenses32,39133,10269,41667,829

Item 1. Financial Statements (interim periods unaudited)

FAQ

What is Cognex's research, development and engineering expenses — incentive compensation?
Cognex (CGNX) reported research, development and engineering expenses — incentive compensation of $2.3M in Q2 2026.
How has Cognex's research, development and engineering expenses — incentive compensation changed year-over-year?
Cognex's research, development and engineering expenses — incentive compensation decreased by 3.0% year-over-year, from $2.37M to $2.3M.
What is the long-term trend for Cognex's research, development and engineering expenses — incentive compensation?
Over 3 years (2022 to 2025), Cognex's research, development and engineering expenses — incentive compensation has grown at a 40.4% compound annual growth rate (CAGR), from $3.45M to $9.54M.
What does research, development and engineering expenses — incentive compensation mean?
This metric captures variable pay components such as performance-based bonuses and sales commissions specifically allocated to the research and engineering department. It serves as a mechanism to align the technical team's output with company-wide financial and operational performance targets. Fluctuations in this metric often correlate with the firm's overall profitability and the achievement of specific product development milestones.

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