Cognex(US:CGNX)2025-10-30 12:30Financial Performance - Q3 2025 revenue reached $277 million, an 18% year-over-year increase[7] - Adjusted EBITDA margin for Q3 2025 was 249%, a 730 basis points increase year-over-year[7,8] - Free cash flow for Q3 2025 was $86 million, a 66% year-over-year increase[7,18] - Adjusted diluted EPS grew 69% year-over-year[8] - Excluding a one-time benefit from a commercial partnership and an additional month of Moritex in Q3 2024, revenue increased by 15% year-over-year[15,20] End Market Analysis - Logistics accounted for 23% of full-year 2024 revenue, showing strong growth driven by large customers[14] - Automotive accounted for 22% of full-year 2024 revenue, experiencing continued softness[14] - Packaging accounted for 21% of full-year 2024 revenue, demonstrating solid growth across most geographies[14] - Consumer Electronics accounted for 17% of full-year 2024 revenue, showing broad-based strong growth[14] - Semiconductor accounted for 11% of full-year 2024 revenue, with modest growth[14] Q4 2025 Outlook - Revenue is projected to be between $230 million and $245 million, representing a 3% increase at the midpoint compared to Q4 2024[25] - Adjusted EBITDA margin is expected to be between 170% and 200%, consistent with the prior year[25,26] - Adjusted earnings per share (diluted) are projected to be between $019 and $024, a 75% increase at the midpoint[25]