Cognex(US:CGNX)2025-04-30 21:20Q1 2025 Financial Performance - Revenue reached $216 million, a 2% increase year-over-year, or 5% in constant currency[21, 31] - Adjusted EBITDA margin was 16.8%, up 490 basis points year-over-year[21, 31] - Free cash flow was $38 million[21] - Share repurchases amounted to $102 million[29] - Adjusted diluted EPS increased by $0.05, or 41%, due to the increase in Adjusted EBITDA[32] Q1 2025 End Market Analysis - Logistics accounted for 23% of revenue, showing continued strong growth driven by e-commerce[26] - Automotive represented 22% of revenue, experiencing continued softness as expected due to lower project activity and investment levels[26] - Packaging contributed 21% of revenue and remained stable, with penetration opportunities enabled by sales transformation[26] - Consumer Electronics made up 17% of revenue, with project timing of large customers geared towards Q2 and Q3, expecting modest growth[26] - Semiconductor accounted for 11% of revenue, showing broad-based momentum but with a more cautious outlook due to increasing uncertainty from trade policy[26] Q2 2025 Outlook - Revenue is projected to be between $235 million and $255 million[38] - Adjusted EBITDA margin is expected to be between 18.5% and 21.5%[38]