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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$11.33B+65.1%
Enterprise value$11.1B+64.0%
P/E64.9×+8.6×
P/S10.4×+3.0×

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 us-gaap:ResearchAndDevelopmentExpense.

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
Revenue$291,263$249,093$559,700$465,129
Cost of revenue85,49081,217162,988152,930
Gross profit205,773167,876396,712312,199
Research, development, and engineering expenses32,39133,10269,41667,829
Selling, general, and administrative expenses87,86591,341181,906174,845
Operating income85,51743,433145,39069,525
Foreign currency gain (loss)(862)(1,503)(2,207)(3,956)
Investment income5,0914,0409,9278,030

Item 1. Financial Statements (interim periods unaudited)

FAQ

What is Cognex's R&D?
Cognex (CGNX) reported R&D of $32.39M in Q2 2026.
How has Cognex's R&D changed year-over-year?
Cognex's R&D decreased by 2.1% year-over-year, from $33.1M to $32.39M.
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?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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