Cognex CFO Sees Demand Improving but Wants More Proof of a Durable Upcycle at Conference

Fehr discussed what he called “one-time effects” that affect how investors should think about the baseline for growth. He said Cognex reported $994 million of revenue in 2025, including a non-recurring commercial partnership that he quantified as $10 million, implying a $984 million starting point without that contribution.Fehr said customer sentiment is improving “almost globally,” citing an uptick in U.S. PMI data and a stronger-than-expected start to the year in semiconductors. Still, he cautioned that J ...