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Cognex Corp (CGNX)
NASDAQ:CGNX
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.25Last Year’s EPS
0.16Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: year-over-year revenue and substantial margin expansion, double-digit EPS growth, robust free cash flow generation, aggressive capital returns, meaningful product launches, and accelerated customer acquisition were emphasized as evidence of a successful turnaround. Key challenges include a $30M E&O charge, planned exits of ~$22M low-margin revenue (with near-term mix effects), netting of cost reductions by compensation/wage/FX offsets in 2025, and persistent end-market/geographic softness in automotive and parts of Asia. Management expects to realize an additional $35M–$40M of annualized cost savings in 2026 and is targeting a 25% adjusted EBITDA margin run-rate exiting 2026. Overall, the positive operational and financial trends and clear roadmap for margin expansion outweigh the noted challenges and one-time charges.Company Guidance
Revenue Growth and Recovery
2025 revenue of $994M increased 9% year-over-year (8% constant currency). Excluding a one-time commercial partnership benefit, revenue was $982M, up 7% year-over-year (constant currency), marking the first year of substantial organic growth since 2021.
Strong Margin Expansion
Adjusted EBITDA margin expanded to 21.5% as-reported for 2025 and to 20.7% excluding the one-time benefit (up 360 bps YoY). Q4 adjusted EBITDA margin reached 22.7%, up 420 basis points year-over-year and the sixth consecutive quarter of YoY margin expansion.
Significant EPS and Profitability Improvement
Adjusted EPS grew 38% year-over-year to $1.02 (as-reported) for 2025; excluding the one-time benefit adjusted EPS rose 31% to $0.97. Q4 adjusted diluted EPS was $0.27 (up 35% YoY) and GAAP diluted EPS was $0.19 (up 18% YoY).
Record Cash Generation and Strong Cash Conversion
Generated $237M of free cash flow in 2025 (highest since 2021), up 77% year-over-year. Trailing twelve-month free cash flow conversion was 138%, exceeding the >100% target for the fifth consecutive quarter. Net cash and investments ended the year at $642M.
Aggressive Capital Returns and Buyback Authorization
Returned $206M to shareholders in 2025, including $151M of share repurchases. As of year-end approximately $150M remained on the repurchase authorization and the board approved an additional $500M increase to the authorization.
Product and AI Leadership Momentum
Launched multiple AI-enabled products in 2025 (DataMan 290, In-Sight 8,900, OneVision cloud platform, and SLX solutions) to strengthen position across a $7.0B served market (with $3.2B targeted opportunity). Emphasis on embedded AI and edge/cloud model deployment.
Customer Acquisition and Salesforce Transformation
Acquired ~9,000 new customer accounts in 2025 (three times the rate of 2024). Completed a Salesforce transformation (org, process, product, partners) and launched a redesigned cognex.com to improve lead generation and sales productivity.
Updated Financial Framework and Forward Targets
Raised through-cycle adjusted EBITDA margin target to 25%–31% (from 20%–30%) while maintaining through-cycle revenue CAGR of 13%–14% and >100% free cash flow conversion. Targeting a 25% adjusted EBITDA margin run-rate exiting 2026 and at least 20% adjusted EPS growth for 2026.
CGNX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CGNX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $43.03 | $58.67 | +36.35% |
Oct 29, 2025 | $47.33 | $41.22 | -12.92% |
Jul 31, 2025 | $40.60 | $40.31 | -0.74% |
Apr 30, 2025 | $27.12 | $27.64 | +1.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cognex Corp (CGNX) report earnings?
Cognex Corp (CGNX) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is Cognex Corp (CGNX) earnings time?
Cognex Corp (CGNX) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CGNX EPS forecast?
CGNX EPS forecast for the fiscal quarter 2026 (Q1) is 0.25.