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Cognex CGNX Unbilled Revenue

Unbilled Revenue at other companies

Teledyne Technologies logo
Teledyne TechnologiesTDY
$419M+13.8%

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:UnbilledReceivablesCurrent.

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 unbilled revenue?
Cognex (CGNX) reported unbilled revenue of $16.4M in Q1 2026.
How has Cognex's unbilled revenue changed year-over-year?
Cognex's unbilled revenue increased by 495.3% year-over-year, from $2.76M to $16.4M.
What is the long-term trend for Cognex's unbilled revenue?
Over 5 years (2020 to 2025), Cognex's unbilled revenue has grown at a 24.7% compound annual growth rate (CAGR), from $5.63M to $16.98M.
What does unbilled revenue mean?
Revenue earned for work completed but not yet invoiced to the customer.
How do you interpret unbilled revenue?
An increase may indicate a growing backlog of work that will soon be billed, though it can also signal potential delays in the billing cycle.
How does unbilled revenue compare across companies?
Common in firms with long-term service or project-based contracts; similar to contract assets at peer companies.