Strong Financial Performance
Cognex delivered double-digit revenue growth and achieved the highest adjusted EBITDA margin since Q2 of 2023. Adjusted EBITDA margin expanded by 730 basis points, driven by operating leverage and disciplined cost management.
Successful Launch of SLX Product Line
The launch of the new solutions experience product line in logistics, SLX, introduces the latest AI vision tools to solve novel applications, expanding Cognex's reach beyond traditional barcode reading.
Consumer Electronics Market Recovery
Consumer electronics revenue grew significantly year-over-year, marking the first year of growth since 2022, driven by broad-based strength and supply chain diversification.
Logistics Market Continues to Drive Growth
Marked the seventh consecutive quarter of double-digit year-over-year revenue growth in logistics, driven by automation in existing facilities and strong ROI on products.
Strong Cash Flow and Capital Return
Trailing 12-month free cash flow conversion rate reached 133%, exceeding 100% for the fourth consecutive quarter, and $37 million was returned to shareholders through share repurchase and dividends.