Revenue Growth and Margin Expansion
Revenue grew 5% year-on-year on a constant currency basis, marking a third consecutive quarter of organic growth. Adjusted EBITDA margin expanded by nearly 500 basis points year-on-year, demonstrating effective cost management.
Logistics Segment Growth
Logistics revenue continued to grow double-digits year-on-year, marking the fifth consecutive quarter of growth and the highest revenue level since Q1 of 2022.
New Product Launch - In-Sight 8900
Cognex launched the In-Sight 8900 smart camera, bringing embedded AI to OEM customers, enhancing their ability to tackle complex manufacturing challenges.
Successful Capital Return
More than $100 million returned to shareholders through stock buybacks in Q1, the largest quarterly buyback since Q1 of 2022.