Dublin, Sept. 03, 2024 (GLOBE NEWSWIRE) -- The "Inspection Machines - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering. The global market for Inspection Machines was estimated at US$718.3 Million in 2023 and is projected to reach US$999.2 Million by 2030, growing at a CAGR of 4.8% from 2023 to 2030. Inspection machines have become an integral part of quality control processes across various industries, ensuring that products meet stringent regulatory standards and custom ...

Now could be a great time for investors to consider the best robotics stocks to buy in August. I wrote around a month ago that there could be record volatility in the market. That prediction turned out to be true, and volatility has since been decreasing. Decreased volatility generally leads to decreased fear and higher stock prices. Buying these best robotics stocks now could be a great option for investors to take advantage of short-term swings in the market. Also, as the market expands, with projections ...

This technology company will suffer from end-market weakness in 2024, but its long-term prospects remain excellent. Cognex End Market Served Market Cognex Market Share Automotive $1.5 billion 15% Electronics $1.35 billion 20% Logistics $2 billion 15% Medical related $650 million >10% Others $1 billion <20% The stock market did not take kindly to machine vision company Cognex Corp.'s (CGNX -0.03%) recent second-quarter earnings report. Unfortunately, its end markets are weakening in 2024, and the hoped-for p ...

1 1 i i alvarez Cognec's (NASDAQ:CGNX) business continued to slow in the second quarter, which is unsurprising given macro headwinds. Revenue and gross margin vere in line with guidance, although Cognex's revenue was down Yo Y excluding the impact of the Moritex acquisition. This appears to have caught the market of quard, with the stock falling close to 25% in the wake of earnings. I previously suggested that despite ongoing macro headwinds, Cognex's stock may have bottomed, absent further deterioration in ...

New AI tool simplifies counting inspections for manufacturers across all industries NATICK, Mass., Aug. 6, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX), the leader in industrial machine vision, expanded the capabilities of its In-Sight SnAPP™ vision sensor with the launch of an AI-enabled counting tool. This innovative software tool transforms how manufacturers handle counting tasks, allowing them to easily automate assembly verification and quantity checks that were previously timeconsuming or pr ...

Financial Data and Key Metrics Changes - Revenue for Q2 2024 was $239 million, a decline of 1% year-on-year, with a 7% contribution from Moritex. Excluding Moritex and foreign exchange impacts, revenue declined by 7% [13][14] - Adjusted gross margin was 70.3%, down from 74.3% a year ago, impacted by a 2 percentage point dilution from Moritex and a negative mix effect [14][19] - Adjusted EBITDA margin was 19.9%, down from 28.1% year-on-year, but increased by over 8 percentage points sequentially due to a seasonal revenue increase [15][19] - Diluted earnings per share on a GAAP basis was $0.21, down year-on-year but up 200% sequentially. Adjusted diluted EPS was $0.23, down $0.10 year-on-year and up $0.11 sequentially [16] Business Line Data and Key Metrics Changes - Automotive revenue declined both year-on-year and sequentially, primarily due to delays in EV battery projects and broader automotive business softness, especially in Europe [10][11] - Logistics achieved strong double-digit revenue growth year-on-year, with expectations for continued growth in the second half of the year [11][30] - Consumer electronics revenue was down year-on-year, with expectations for a more heavily weighted Q2 revenue compared to 2023 [11][12] - Semiconductor business showed strong momentum with significant year-on-year growth, driven by investments in high bandwidth memory for AI [12][58] Market Data and Key Metrics Changes - Year-on-year revenue growth was stable across most regions except for China, which experienced a decline for the seventh consecutive quarter [13][14] - The Americas saw slight growth driven by logistics, while Europe and other Asia regions faced slight declines [13][14] - The automotive sector showed significant weakness in both Europe and China, with EV battery projects particularly affected [10][34] Company Strategy and Development Direction - The company is focusing on integrating AI into its products to drive adoption and enhance customer experience [5][7] - The emerging customer initiative aims to broaden the customer base and is expected to generate incremental revenue, although the ramp-up is taking longer than anticipated due to macroeconomic softness [9][24] - The company plans to enhance investor communication and is preparing for an Investor Day in the first half of 2025 [21] Management's Comments on Operating Environment and Future Outlook - Management noted a challenging but stable business environment, with positive momentum in logistics but continued weakness in factory automation [4][21] - There is cautious sentiment among manufacturing customers regarding capital expenditures, particularly in automotive and packaging sectors [10][24] - The company expects revenue for Q3 2024 to be between $225 million and $240 million, reflecting a soft market backdrop [17][18] Other Important Information - The Moritex acquisition is performing well, contributing positively to revenue and integration efforts are on track [45][46] - The company maintains a strong cash position with $555 million in cash and investments and no debt [17] Q&A Session Summary Question: Emerging customer initiative revenue expectations - Management acknowledged that the revenue ramp for the emerging customer initiative is taking longer due to macro softness, with expectations for $50 million in incremental revenue [24][25] Question: Consumer electronics market changes - Management noted increased uncertainty in consumer electronics, with tempered expectations for 2024 due to cautious investment from customers [26][27] Question: Logistics market momentum - Management confirmed strong double-digit growth in logistics, with broad-based positive trends across various customer segments [30][31] Question: Automotive market trends - Management highlighted significant weakness in the automotive sector, particularly in Europe and China, with EV battery projects facing delays [34][35] Question: Semiconductor market growth - Management reported strong growth in the semiconductor sector, driven by high bandwidth memory investments for AI [58][59]

Take this drop as an opportunity to buy Cognex stock. Shares of Cognex (CGNX -22.51%) slumped this morning and were trading 21% lower as of 11:40 a.m. ET. Cognex is a world leader in machine vision systems and solutions used to automate manufacturing and distribution processes. Therefore, it extensively uses technologies like artificial intelligence (AI). AI-driven businesses have tremendous growth potential, but things haven't been so easy for Cognex lately, as its latest numbers prove. Cognex reported a s ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended June 30, 2024 or ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from __________ to __________ Commission File Number 001-34218 COGNEX CORPORATION | --- | --- | |------------------------------------------------------------------- ...

Cognex Corporation (CGNX) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 15%. A quarter ago, it was expected that this company would post earnings of $0.08 per share when it actually produced earnings of $0.11, delivering a surprise of 37.50%. Over the last four quarters, the compan ...

Exhibit 99.1 Cognex Reports Second Quarter 2024 Results July 31, 2024―NATICK, MA—Cognex Corporation (NASDAQ: CGNX) today reported financial results for the second quarter of 2024. Table 1 below shows selected financial data for Q2-24 compared with Q2-23 and Q1-24. "Cognex delivered second quarter revenue and gross margin in line with expectations and operating expenses favorable to our guidance," said Robert J. Willett, CEO. "Year-on-year revenue growth in the quarter was strong in our Logistics and Semicon ...