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Other financials

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

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Market cap$11B+61.9%
Enterprise value$10.84B+60.9%
P/E77.2×+19.5×
P/S10.5×+3.1×

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×

Where this comes from

Reported directly by Cognex in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Cognex’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cognex's R&D?
Cognex (CGNX) reported R&D of $37.03M in Q1 2026.
How has Cognex's R&D changed year-over-year?
Cognex's R&D increased by 6.6% year-over-year, from $34.73M to $37.03M.
What is the long-term trend for Cognex's R&D?
Over 4 years (2021 to 2025), Cognex's R&D has grown at a 0.7% compound annual growth rate (CAGR), from $135.37M to $138.97M.
What does R&D mean?
Spending on activities aimed at creating new products or improving existing technology.
How do you interpret R&D?
Higher spending signals a commitment to long-term innovation, while significant cuts may indicate a shift toward short-term cost management.
How does R&D compare across companies?
Varies significantly by industry; technology and manufacturing firms typically spend a higher percentage of revenue here than service-based firms.