Cognex Q2 EPS beats on higher margins
CGNX•Outlook
- Cognex sees Q3 2026 revenue between $300 mln and $320 mln
- Company expects Q3 2026 adjusted EPS (diluted) of $0.50 to $0.54
- Cognex forecasts full-year 2026 revenue of $1.13 bln to $1.15 bln
Overview
- Industrial machine vision firm's Q2 revenue rose 17% yr/yr, slightly missing analyst expectations
- Adjusted EPS for Q2 grew 80% yr/yr and beat analyst expectations
- Company cites strong margin expansion and disciplined cost management as profitability drivers
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight Miss* | $291 mln | $292.55 mln (15 Analysts) |
| Q2 Adjusted EPS | Beat | $0.45 | $0.42 (16 Analysts) |
| Q2 EPS | $0.43 | ||
| Q2 Net Income | $73 mln | ||
| Q2 Operating income | $86 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell". The average consensus recommendation for the industrial machinery & equipment peer group is "buy". Wall Street's median 12-month price target for Cognex Corporation is $75.50, about 5.6% above its August 4 closing price of $71.52. The stock recently traded at 43 times the next 12-month earnings vs. a P/E of 41 three months ago.
