Cognex Corporation (NASDAQ: CGNX ) is at the beginning stages of a growing opportunity for industrial automation across all markets. With its new AI-enabled scanning technologies, Cognex may be in a position to expand across a wider variety of customersMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working across industries that include O&G, OFS, Midstream, I ...

Cognex (CGNX) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 It is now my pleasure to introduce your host, Gria Aviv of Investor Relations. Thank you. You may begin. Speaker1 Thank you, operator. Good morning, everyone, and thank you for joining us. Our earnings release was published yesterday after market closed, and our 10 Q was filed this morning. On today's call, we will refer to materials available on our Investor Relations website. We are joined here today by Rob Willett, our CEO Matt Moshene ...

Cognex (CGNX) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Company Participants Greer Aviv - Senior Investor Relations ConsultantRobert Willett - CEO, President & Executive DirectorMatt Moschner - President and COODennis Fehr - Senior VP of Finance & CFODamian Karas - Executive DirectorTommy Moll - Managing Director Conference Call Participants Joe Giordano - AnalystAndrew Buscaglia - Senior AnalystKevin Wilson - Equity Research AnalystPiyush Avasthy - AnalystJacob Levinson - Analyst Operator It is now my ...

Cognex Q1 2025 Earnings April 30, 2025 1 © 2025 Cognex Corporation Forward Looking Statements Certain statements made in this presentation, as well as oral statements made by 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 statements by our use of the words "expects," "anticipates, ...

Exhibit 99.1 Cognex Reports First Quarter 2025 Results; Announces CEO Transition April 30, 2025―NATICK, MA—Cognex Corporation (NASDAQ: CGNX) today reported financial results for the first quarter ended March 30, 2025. First-Quarter Financial and Operating Highlights Cognex today announced that Matt Moschner, Cognex's President and Chief Operating Officer, will succeed Robert J. Willett as Chief Executive Officer on June 27, 2025. Mr. Willett, who became President and Chief Operating Officer in 2010 and Chie ...

NATICK, Mass., April 30, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today reported financial results for the first quarter ended March 30, 2025.First-Quarter Financial and Operating Highlights Revenue grew 2% year-on-year or 5% on a constant-currency basis Operating expenses declined 7% year-on-year, driven primarily by cost management Operating margin of 12.1%; Adjusted EBITDA margin of 16.8%, above high end of guidance Returned $116 million to shareholders during the quarter, highest amount si ...

Group 1 - Cognex is facing a challenging year with potential disappointing earnings news expected on April 30, but the stock is considered an excellent long-term investment opportunity for growth [1][10] - The company specializes in machine vision and barcode reading technology, which is increasingly essential for automated equipment in manufacturing and logistics [2][3] - Demand for machine vision solutions is expected to rise as they outperform human capabilities in tasks such as inspection and monitoring, especially with the integration of AI tools [3][4] Group 2 - Cognex's key end markets include consumer electronics, automotive, and logistics, with management projecting a 13% annual growth rate for these markets, outpacing the industry's 15% growth [6] - Recent challenges in these markets include a post-lockdown retraction in logistics, high interest rates affecting automotive sales, and reduced consumer spending on electronics [8][9][10] - Despite current market difficulties, machine vision technology is seen as a critical component for reindustrialization in higher-cost labor countries, suggesting a favorable long-term outlook for Cognex [12][14] Group 3 - Valuations for Cognex are historically favorable based on metrics such as free cash flow and EBITDA relative to enterprise value, indicating potential for recovery and growth [12] - Analysts have lowered earnings expectations recently, but if the company rebounds as projected in 2025, it could represent a strong growth stock at a reasonable price [14]

Company Overview - Cognex Corporation is a leading global provider of machine vision products and solutions that enhance efficiency and quality in high-growth industrial markets [3][4] - The company has shipped over 4.5 million image-based products, generating more than $11 billion in cumulative revenue since its founding in 1981 [4] Upcoming Earnings Release - Cognex will release its earnings for the first quarter of 2025 on April 30, 2025, after market close [1] - A conference call to discuss the results will be held on May 1, 2025, at 8:30 a.m. Eastern Daylight Time (EDT) [1] Access to Information - Access to the conference call and a replay will be available on the Cognex Investor Relations website [2] - The live call can be accessed via telephone at (877) 704-4573 or (201) 389-0911 for international callers [2]

Company Overview - Cognex Corporation is a leading global provider of machine vision products and solutions that enhance efficiency and quality in high-growth industrial markets [3][4] - The company has shipped over 4.5 million image-based products, generating more than $11 billion in cumulative revenue since its founding in 1981 [4] Upcoming Events - Dennis Fehr, Senior Vice President of Finance and CFO, will present at the 2025 Cantor Fitzgerald Global Technology Conference on March 12, 2025, at 10:00 a.m. Eastern Daylight Time [1] Technology and Applications - Cognex's technologies address critical manufacturing and distribution challenges by automating tasks such as locating, identifying, inspecting, and measuring discrete items [3] - Machine vision is essential for applications where human vision is insufficient in terms of size, accuracy, or speed, and where significant cost savings or quality improvements can be achieved [3]

Industry Overview - The Zacks Electronics – Testing Equipment industry is facing challenges due to a difficult global macroeconomic environment, end-market volatility, unfavorable foreign exchange rates, and increasing geopolitical tensions [1] - The automotive sector is sluggish, primarily due to declining investments in electric vehicles, which is a significant headwind for industry participants [1] - The factory automation market remains weak, and conservative capital expenditure trends in consumer electronics are also a concern [1] Growth Opportunities - Companies like Cognex (CGNX) and Itron (ITRI) are capitalizing on growth opportunities related to 5G, automation, and Industry 4.0 [1] - The adoption of software-enabled testing instruments and devices is increasing, providing a positive outlook for the industry [1] - The rising utilization of precision motion-control solutions and automatic test systems in various markets, including aerospace and medical, is a positive trend [3] Pharmaceutical Market - The industry is benefiting from the increasing use of electrical instruments and software in clinical and medical science research, particularly in the pharmaceutical market [4] - Agilent is gaining traction in life science research, driven by the growing utilization of electronic testing equipment [4] - There is a rising demand for RF test equipment from medical device manufacturers, contributing to industry growth [4] 5G Deployment - The deployment of 5G technology presents near-term growth prospects for industry players [5] - There is an uptick in demand for 5G test solutions, which is essential for 5G deployment [5] - The trend of migrating infrastructure workloads to the cloud is boosting demand for high-speed Internet services, benefiting electronic companies associated with 5G [5] Macroeconomic Challenges - The challenging macroeconomic environment is causing enterprises to hesitate in signing multi-year deals, which negatively impacts industry participants [6] Industry Performance - The Zacks Electronics – Testing Equipment industry currently holds a Zacks Industry Rank of 201, placing it in the bottom 19% of over 250 Zacks industries [7] - The industry has underperformed the S&P 500 and its sector over the past year, declining by 0.8% compared to the S&P 500's increase of 18.4% [11] - The industry's forward 12-month price-to-earnings (P/E) ratio is 23.59X, higher than the S&P 500's 22.1X but lower than the sector's 25.78X [12] Company Highlights - Itron is benefiting from trends in electrification, gas safety, energy transition, and water efficiency, with increasing demand for smart water meters and electric solutions [14] - Cognex is focusing on integrating Artificial Intelligence (AI) into its machine vision products, launching innovative products like the AI-enabled 3D smart camera [18] - Itron's shares have declined 6.3% year-to-date, with a consensus estimate for 2025 earnings revised downward to $4.84 per share, indicating a year-over-year decline of 13.88% [16] - Cognex's shares have declined 8.5% year-to-date, with a consensus estimate for 2025 earnings revised downward to 88 cents per share, indicating year-over-year growth of 18.92% [19]