The strong Q2 beat and raised full-year guidance confirm Cognex's cyclical recovery and operating leverage story. Watch for Q3 guidance midpoint of $310M revenue and $0.52 adjusted EPS as a near-term catalyst. Monitor OneVision™ AI platform adoption for potential multiple expansion.
Price Chart
Executive Summary
Cognex reported Q2 2026 record revenue of $291M (beat on EPS but slight revenue miss vs $292.5M consensus) with GAAP EPS of $0.43 vs $0.42 consensus (+2.4% beat). Operating margin expanded to 29.4% from 17.4% YoY, and the company issued strong Q3 and FY2026 guidance implying ~15% revenue growth and significant margin expansion.
Key Financial Metrics
Key Facts
- Record Q2 revenue of $291M, up 17% YoY
- GAAP diluted EPS $0.43 beat consensus $0.42 by 2.4%
- Adjusted diluted EPS $0.45, up 80% YoY
- Operating margin 29.4%, up 1,200 bps YoY
- Adjusted EBITDA margin 32.2%, up 1,150 bps YoY
- Q3 2026 revenue guidance $300-320M; FY 2026 revenue guidance $1.13-1.15B
- Cash and investments $755M with no debt
Financial Impact
Record revenue $291M; GAAP EPS beat 2.4%; adjusted EPS +80% YoY; operating margin expanded 1,200 bps; FY guidance implies 15% revenue growth
Risk Factors
- Dependence on cyclical industrial end markets
- Potential tariffs or supply chain disruptions
- Competition from AI vision startups
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302844140 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 4w ago | Press Release | $59.71 $62.22 | ▼ −4.21% | ▼ −4.36% | $64.97 (−8.81%) |
Aug 5, 2026 8w ago | Press Release | $67.38 $60.79 | ▼ −9.78% | ▼ −10.38% | $64.97 (−3.58%) |
Aug 5, 2026 8w ago | Institutional Cluster | $70.71 $59.94 | ▼ −15.23% | ▼ −14.63% | $64.97 (−8.12%) |
Jul 16, 2026 11w ago | Press Release | $63.89 $61.59 | ▼ −3.60% | ▼ −7.22% | $64.97 (+1.69%) |
May 11, 2026 20w ago | Insider Cluster | $66.90 $61.32 | ▼ −8.34% | ▼ −8.03% | $64.97 (−2.88%) |
May 6, 2026 21w ago | 8-K | $65.74 $66.06 | ▲ +0.49% | ▼ −2.64% | $64.97 (−1.17%) |
Mar 13, 2026 29w ago | DEFA14A | $47.96 $54.18 | ▲ +12.97% | ▲ +9.38% | $64.97 (+35.48%) |
Feb 23, 2026 31w ago | Insider Cluster | $56.43 $50.63 | ▲ +10.28% | ▲ +6.33% | $64.97 (−15.14%) |
Feb 17, 2026 32w ago | Insider Cluster | $56.93 $50.11 | ▼ −11.98% | ▼ −10.24% | $64.97 (+14.13%) |
US Market Status
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