Cognex Delivers an Extremely Strong Second Quarter of 2026—Record Revenue, Massive Margin Growth, Strong Cash Flow, and Optimistic Forecasts for the Third Quarter and the Full Year.
📌 Key Points – A Brief Summary
1. Record figures in Q2 2026
- Revenue: $291 million (+17% YoY)
- Operating margin: 29.4% (previous year: 17.4%)
- Adjusted EBITDA margin: 32.2% (+1,150 bps)
- Net income: $73 million (+78%)
- EPS (diluted): $0.43 (Adjusted: $0.45, +80%)
2. Strong operating performance
- Gross margin: 70.6% (Adjusted: 71.5%)
- Operating expenses: –3% YoY (consistent cost discipline)
- Operating Income: Doubled to $86 million
3. Cash Flow & Balance Sheet
- Free Cash Flow: $68 million (+70%)
- FCF Conversion: 93% of net income
- Cash & Investments: $755 million
- No debt
4. Products & Strategy
- OneVision™ Officially available, already hundreds of customers
- Focus on AI Vision, diversification, scaling, efficiency
- CEO & CFO emphasize:
- sustainable growth
- strong demand
- profitable model with leverage
5. Outlook (Guidance)
Q3 2026
- Revenue: $300–320 million
- Adjusted EBITDA margin: 32–35%
- Adjusted EPS: $0.50–0.54
Full Year 2026
- Revenue: $1,130–1,150 million (+15–16%)
- Adjusted EBITDA margin: 29–31%
- Adjusted EPS: $1.64–1.68 (+63–71%)
6. Dividend
- Quarterly dividend: $0.085 per share
- Payment date: September 3, 2026
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