Cognex Corporation Conference Call Summary Company Overview - **Company**: Cognex Corporation - **Industry**: Industrial Technology, specifically focusing on machine vision and factory automation Key Points and Arguments Demand and Market Conditions - Cognex is emerging from a pronounced down cycle, with the last peak occurring in 2021 or 2022, followed by a significant downturn in 2023 and a flat outlook for 2024. The company anticipates organic growth in 2025 at a mid-single-digit rate [4][5] - There is positive momentum in demand, particularly in factory automation end markets, with strong year-end demand in Q4 2025 contributing to a positive outlook for Q1 2026 [5][6] - Customer sentiment is improving globally, with a noted uptick in the U.S. PMI, although caution is advised as the sustainability of this growth is still uncertain [6] Revenue Baseline and Growth Projections - Cognex reported $994 million in revenue for 2025, but after accounting for one-time effects and portfolio optimization, the adjusted baseline revenue is approximately $965 million [7][8] - Projected revenue for 2026 is estimated to be between $1.015 billion and $1.035 billion, assuming a growth rate of 5%-7% [8] Key End Markets - **Logistics**: Accounts for 26% of revenue in 2025, with expectations of mid-single to high-single-digit growth in 2026 due to automation of existing facilities rather than new facility additions [12][13] - **Semiconductors**: This market has become a significant revenue contributor, with growth driven by underlying capacity expansion. Cognex expects continued growth in this sector, particularly for high-bandwidth memory chips [19][20] - **Consumer Electronics**: Experienced unexpected double-digit growth in 2025, driven by a broad base of customers and global supply chain shifts. Future growth will depend on consumer adoption of new form factors [22][23] - **Factory Automation**: Growth is primarily driven by penetration into existing markets rather than new capital expenditures. The packaging segment remains stable and is expected to benefit from new AI tools [27][28] - **Automotive**: The market is stabilizing, with North America showing small growth while Europe continues to decline. The removal of automotive headwinds is expected to positively impact overall growth [29] Cost Management and Margin Expansion - Cognex has raised its margin target from 20%-30% to 25%-31% due to successful execution and confidence in future performance [36] - The company is focusing on cost-saving initiatives, particularly in SG&A and R&D, with the potential to reduce R&D expenses from mid-teens to low-teens as a percentage of revenue [44] AI Integration - Cognex has been an early adopter of AI, integrating it into its products and operations. The company views itself as a leader in the AI space, with AI-enabled products launched since 2022 [38][39] - AI is being utilized internally for cost savings, including AI-assisted coding and automation in customer service and lead generation [46] Cash Management and Future Outlook - Cognex is focused on internal investments with excess cash, indicating a strong commitment to growth and development [47] Additional Important Insights - The company does not provide annual revenue guidance but focuses on broader market trends and economic indicators to inform its outlook [10] - Cognex's sales force transformation aims to efficiently target a broader market while maintaining a unified sales organization [43] - The company is monitoring memory price inflation but does not view it as a significant risk to margins, focusing instead on supply availability [32][34] This summary encapsulates the key insights from the Cognex Corporation conference call, highlighting the company's market position, growth expectations, and strategic initiatives.

Cognex Announces Participation at the Raymond James 47th Annual Institutional Investors Conference [Accessibility Statement] Skip NavigationNATICK, Mass., Feb. 18, 2026 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX), the global technology leader in industrial machine vision, today announced that its President and Chief Executive Officer, Matt Moschner, is scheduled to present at the Raymond James 47th Annual Institutional Investors Conference in Orlando, Florida on Monday, March 2, 2026, at 11:00 a.m. Ea ...

Cognex Appoints Sami Atiya and Chris Donato to Board of Directors [Accessibility Statement] Skip NavigationNATICK, Mass., Feb. 17, 2026 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX), ("Cognex"), the global technology leader in industrial machine vision, today announced the appointments of Dr. Sami Atiya and Mr. Chris Donato to Cognex's Board of Directors (the "Board"), effective March 2, 2026."We are excited to welcome Sami and Chris to our Board," said [Matt Moschner], President and CEO. "We remain foc ...

Core Insights - Cognex Corporation is a leader in machine vision systems, focusing on automating manufacturing processes to enhance product quality and reduce production costs [1] - HSBC has set a price target of $68 for Cognex, indicating a potential upside of 15.67% from its current trading price of $58.79 [1] Financial Performance - Cognex recently reported earnings per share of $0.27, exceeding analysts' expectations of $0.22, and revenue of $252.34 million, surpassing the forecast of $238.92 million, marking a 9.9% increase from the same quarter last year [3][6] - The company has a net margin of 11.51% and a return on equity of 9.02%, reflecting efficient management and profitability [4][6] Stock Performance - The stock reached a new 52-week high of $54.42 and is currently trading at $58.79, with a slight increase of 0.20% from the previous session, supported by a trading volume of 4,792,062 shares [2][6] - Over the past year, Cognex's stock performance has been notable, with a high of $59.88 and a low of $22.67, and the company's market capitalization is approximately $9.74 billion [5]

Cognex Corporation ( CGNX ) reported an exceptionally strong close to FY25 with margin-accretive growth and a robust outlook that supports scaled operations at a time of market growth. As a result of the upbeat outlook, CGNX shares realized a sharp repricing, gaining 36.35% followingMonte Independent Investment Research: Michael Del Monte is a buy-side equity analyst with expertise in the technology, energy, industrials, and materials sectors. Prior to working in the investment management industry, Michael ...

Core Insights - Cognex Corporation (CGNX) reported a strong finish to FY25, characterized by margin-accretive growth and a positive outlook that supports scaled operations amid market growth [1] Financial Performance - CGNX shares experienced a significant price increase of 36.35% following the optimistic outlook presented in the report [1]

Machine-Vision Stock Cognex Soars. Manufacturing Is Improving. - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# Cognex Earnings Offer a Clue to What Is Working in the Stock Market NowBy [Al Root]ShareResize---ReprintsIn this article[CGNX][SP ...

Cognex Corporation ( CGNX ) reported fourth-quarter results that sent shares up by over 36% at the time of writing this earnings recap. The company provides advanced machine vision software and hardware. At $58.50, CGNX stock is still below the $60–$80Chris Lau is an individual investor and economist with 30 years of experience covering life science, technology, and dividend-growth income stocks. He has degrees in Microbiology and Economics. Chris runs the investing group DIY Value Investing where he shares ...

分组1 - Cognex Corporation reported fourth-quarter results that led to a share price increase of over 36% [1] - The company specializes in advanced machine vision software and hardware [1] - As of the report, CGNX stock is priced at $58.50, which is still below the expected range of $60–$80 [1] 分组2 - Chris Lau, an individual investor and economist, has 30 years of experience in covering life science, technology, and dividend-growth income stocks [1] - Lau runs the DIY Value Investing group, sharing stock picks of undervalued stocks with potential catalysts for upside [1] - The group also provides recommendations for dividend-income stocks with a history of growth, along with a printable calendar and quantitative scores [1]

Artificial intelligence (AI) darlings might be cratering on fears of a bubble and a spending pause, but one stock is defying the trend, and how! Shares of Cognex (NASDAQ: CGNX) jumped 39.2% this morning, hitting a 52-week high $59.88 per share. The AI machine vision stock is up a staggering 62% so far in 2026, as of this writing. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Image s ...