Cognex
Builds vision systems that inspect, identify, measure, and guide physical items.
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Profile
Sells machine-vision systems, software, barcode readers, and imaging components for factory and logistics automation. One reportable segment spans standard products and application-specific solutions, with most revenue generated outside the United States.
Builds two- and three-dimensional machine-vision systems, In-Sight sensors, VisionPro software, and OneVision tools for inspection, measurement, identification, and equipment guidance. DataMan barcode readers, logistics systems, cameras, lenses, and lighting extend the portfolio from factory lines into warehouses and distribution centers.
Operates as one machine vision technology segment, selling mainly standard products alongside application-specific customer solutions. The business serves logistics, packaging, consumer electronics, automotive, and semiconductor customers, with most revenue generated outside the United States.
Execution rests on image-analysis algorithms, embedded AI, three-dimensional sensing, and cloud-based model management that deploys inspection to compatible edge devices. Demand depends on customer capital spending across automation markets, while production relies partly on contract manufacturers.
Company facts
Categories
Key statistics
Year to date +63.7% · Average volume (30d) 2.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | DA Davidson | Reiterate | Neutral | $62 | $65 | |
| Aug 10, 2026 | HSBC | Downgrade | Buy | Hold | $68 | $65 |
| Aug 10, 2026 | Barclays | Reiterate | Overweight | $75 | $80 | |
| Aug 7, 2026 | Truist Financial | Target | $71 | $78 | ||
| Aug 7, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $63 | $84 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.42 | $0.45 | +6.2% | $292.1M | $291.3M | −0.3% | −4.71% |
| May 6, 2026Q1 FY26 | $0.25 | $0.34 | +36.0% | $246.0M | $268.4M | +9.1% | +5.88% |
| Feb 11, 2026Q4 FY25 | $0.22 | $0.27 | +22.7% | $239.0M | $252.3M | +5.6% | +36.35% |
| Oct 29, 2025Q3 FY25 | $0.27 | $0.33 | +22.2% | $238.9M | $276.9M | +15.9% | −12.92% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $216.0M | $249.1M | $276.9M | $252.3M | $268.4M | $291.3M | |
| Gross profit | $144.3M | $167.9M | $187.3M | $165.9M | $190.9M | $205.8M | |
| Operating income | $26.1M | $43.4M | $57.8M | $35.3M | $59.9M | $85.5M | |
| Net income | $23.6M | $40.5M | $17.7M | $32.7M | $51.7M | $72.8M | |
| Diluted EPS | $0.14 | $0.24 | $0.10 | $0.19 | $0.31 | $0.43 | |
| Gross margin | 66.8% | 67.4% | 67.6% | 65.7% | 71.1% | 70.6% | |
| Operating margin | 12.1% | 17.4% | 20.9% | 14.0% | 22.3% | 29.4% |
Fiscal years (4-quarter sums)FY21 $1.04B · FY22 $1.01B · FY23 $837.5M · FY24 $914.5M · FY25 $994.4M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jul 5, 2026Cash & short-term investments $404.4M · Total debt $72.5M · Total assets $2.18B · Shareholders' equity $1.63B
Dividends
Raised for 10 straight years — most recently to $0.085 from $0.08 in Nov 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 20, 2026 | Aug 20 | Sep 3 | $0.085 | |
| May 21, 2026 | May 21 | Jun 4 | $0.085 | |
| Feb 26, 2026 | Feb 26 | Mar 12 | $0.085 | |
| Nov 13, 2025 | Nov 13 | Nov 28 | $0.085 | raised from $0.08 |
| Aug 14, 2025 | Aug 14 | Aug 28 | $0.08 | |
| May 15, 2025 | May 15 | May 29 | $0.08 | |
| Feb 27, 2025 | Feb 27 | Mar 13 | $0.08 | |
| Nov 14, 2024 | Nov 14 | Nov 29 | $0.08 | raised from $0.075 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 166.42M · Float 158.72M · 95.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 15.99M | 9.61% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 10.10M | 6.07% | 13F | Aug 13, 2026 |
| Invesco Ltd. | 8.21M | 4.93% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 7.51M | 4.51% | 13F | Aug 13, 2026 |
| Price T Rowe Associates Inc /MD/ | 6.26M | 3.76% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 11, 2026 | Matthew Moschner | director, officer: CEO & President | −23,362 | $63.91 |
| May 27, 2026 | Darren Marc Long | officer: Vice President | −7,077 | $66.37 |
| May 11, 2026 | Laura Ann Macdonald | officer: VP and PAO | −17,212 | $66.80 |
| May 12, 2026 | Laura Ann Macdonald | officer: VP and PAO | −25,500 | $65.56 |
| May 11, 2026 | Mark Fennell | officer: Chief Legal Officer &Secretary | −8,863 | $66.89 |
Peers
- Zebra Technologies
Fixed industrial scanning and machine-vision rival
- Delta Air Lines
Industrial identification and machine-vision rival
- Teledyne Technologies
Industrial imaging and machine-vision component rival
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cognex | $61.00 | +0.93% | $10.06B | 58.7 | 32.9 | 9.2 | +16.9% |
| Zebra Technologies | $356.45 | +0.03% | $16.98B | 33.5 | 17.2 | 2.9 | +20.4% |
| Delta Air Lines | $80.10 | +0.05% | $52.66B | 13.3 | 9.8 | 0.8 | +18.7% |
| Teledyne Technologies | $621.96 | +0.02% | $28.83B | 30.0 | 24.4 | 4.5 | +9.8% |
| Median | 30.0 | 17.2 | 2.9 | +18.7% |