Cognex (CGNX) Q2 2025 Earnings Call July 31, 2025 08:30 AM ET Company ParticipantsGreer Aviv - Head - IRMatt Moschner - President, CEO & DirectorDennis Fehr - Senior VP of Finance & CFOJacob Levinson - DirectorDamian Karas - Executive DirectorJoseph Giordano - Managing DirectorTommy Moll - Managing DirectorAndrew Buscaglia - Executive Director, Equity Research - U.S. Industrial TechnologyPiyush Avasthy - Equity Research Senior AssociateConference Call ParticipantsKevin Wilson - Equity Research AnalystKen Ne ...

Cognex (CGNX) Q2 2025 Earnings Call July 31, 2025 08:30 AM ET Speaker0Greetings, and welcome to the Cognex Second Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Grier Aviv, Head of Investor Relations.Thank you. Please go ahead.Speaker1Thank you, operator. Good morning, everyone, and t ...

Cognex Q2 2025 Earnings July 30, 2025 1 © 2025 Cognex Corporation Forward Looking Statements Certain statements made in this presentation, as well as oral statements made by Cognex Corporation ("Cognex", "we", "us", "our", or the "Company") from time to time, constitute forward- looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Readers can identify these forward-looking stat ...

Exhibit 99.1 Cognex Reports Second Quarter 2025 Results (Dollars in millions, except per share amounts) | | Three-months ended | | | | --- | --- | --- | --- | | | June 29, 2025 | June 30, 2024 | Y/Y Change | | Revenue | $249 | $239 | +4% | | Operating Income | $43 | $38 | +13% | | % of Revenue | 17.4% | 16.1% | +130 bps | | Adjusted EBITDA* | $52 | $48 | +9% | | % of Revenue | 20.7% | 19.9% | +80 bps | | Net Income per Diluted Share | $0.24 | $0.21 | +15% | | Adjusted EPS (Diluted)* | $0.25 | $0.23 | +12% | ...

NATICK, Mass., July 30, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX), the global technology leader in industrial machine vision, today reported financial results for the second quarter ended June 29, 2025.Second-Quarter Financial and Operating Highlights Revenue grew 4% year over year or 3% on a constant-currency basis. Operating expenses declined 3% year over year, driven by disciplined cost management. Operating margin of 17.4%; Adjusted EBITDA margin of 20.7%, up 80 basis points year over year ...

NATICK, Mass., July 17, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX), the global technology leader in industrial machine vision, today announced the formation of a new executive leadership team under the direction of its newly appointed Chief Executive Officer (CEO), Matt Moschner, aligned with the company's long-term growth strategy, as outlined during its recent Investor Day.Mr. Moschner outlined three strategic priorities that will guide Cognex's future: AI Leadership – become the #1 provider o ...

Core Viewpoint - Cognex Corporation, a leader in industrial machine vision technology, is set to release its second quarter earnings for 2025 on July 30, 2025, after market close, followed by a conference call on July 31, 2025, at 8:30 a.m. EDT to discuss the results [1]. Company Overview - Cognex has been a pioneer in making advanced machine vision accessible for over 40 years, enabling manufacturing and distribution companies to enhance speed, intelligence, and efficiency through automation [3]. - The company focuses on innovative technology in vision sensors and systems, addressing critical challenges in manufacturing and distribution, and delivering exceptional performance across various industries, including automotive, consumer electronics, and packaged goods [3]. - Cognex emphasizes the integration of AI in its tools, making them more capable and easier to deploy, thus allowing factories and warehouses to improve quality and maximize efficiency without requiring highly technical expertise [4]. - The company is headquartered near Boston, USA, operates in over 30 countries, and serves more than 30,000 customers globally [4].

Group 1: Core Insights - The global warehouse automation spending is expected to accelerate due to technological advancements and rising labor costs, presenting significant opportunities for automation equipment suppliers, particularly for Cognex (CGNX.US) [1] - Nearly two-thirds of surveyed decision-makers plan to increase capital spending on warehouse and distribution center automation in the next year, with an average budget increase of 5% [1] - The warehouse automation sector is experiencing structural growth, with expectations of a large wave of automation investments by the end of the decade [1] Group 2: Machine Vision Demand - Advanced machine vision technology is crucial for automation tasks such as barcode reading, quality inspection, and item recognition, with 56% of respondents planning to increase investment in machine vision tools next year [2] - There is significant room for growth in the adoption of advanced machine vision technology, as only 36% of warehouse spaces currently utilize it despite 62% having some form of image-based barcode scanning [2] - Cognex is identified as the preferred supplier for future deployments in the machine vision field, while Datalogic and Zebra Technologies (ZBRA.US) remain widely used [2] Group 3: Mobile Robots Adoption - The use of mobile robots, particularly Autonomous Mobile Robots (AMR), is rapidly increasing, with 91% of respondents indicating they currently use or plan to use mobile robots [3] - Honeywell's Intelligrated business is a leading consideration among AMR suppliers, while Zebra Technologies' Fetch Robotics holds a mid-level position [3] - The rise in AMR usage is attributed to its flexibility, allowing companies to avoid high fixed infrastructure costs [3] Group 4: Stocks to Watch - UBS's survey supports warehouse automation stocks, especially Cognex, which leads in the machine vision supplier assessment [4] - Zebra Technologies shows strong brand strength in both barcode scanning and mobile robots, while Symbotic (SYM.US) appears to be struggling [4] - Honeywell's performance is mixed, with a decline in usage rates but an increase in future demand for its automation and AMR products [4] Group 5: Automation Wave - Despite the willingness of companies to increase investment, the overall automation application in the industry remains limited, leaving ample room for future development [6] - By 2030, rising labor costs, AI optimization, and e-commerce logistics demands are expected to continue driving investment in automation [6] - There is growing interest in AI-based warehouse layout optimization tools and digital twin technologies, with Intelligrated receiving positive evaluations in this area [6]

Core Insights - The investment approach focuses on identifying businesses with potential for long-term growth and significant terminal value generation [1] - Emphasis is placed on understanding core business economics, including competitive advantages, unit economics, reinvestment opportunities, and management quality [1] - The goal is to generate long-term free cash flow and create shareholder value through fundamental research [1] Investment Strategy - The strategy targets sectors with strong secular tailwinds, indicating a preference for industries poised for growth [1] - The investor is self-educated and has been managing personal funds for 10 years, indicating a long-term commitment to investment [1] - The motivation for sharing insights is to provide value to readers and receive feedback from the investment community [1]

Cognex (CGNX) 2025 Investor Day June 10, 2025 09:00 AM ET Speaker0 Good morning, everyone. Welcome to Cognex's twenty twenty five Investor Day. We're thrilled to have you with us, whether you're joining us here in Natick or tuning in via webcast. My name is Grier Aviv, and I'm the new head of investor relations here at Cognex. So just for housekeeping purposes, the full presentation is available on the investor relations website, and a recording will be posted after the event. If everyone in the room could ...