Cognex Corporation announced robust financial results for the fourth quarter and full year 2025, demonstrating a return to profitable growth. Fourth-quarter revenue increased by 10% year-over-year, reaching $252 million, while adjusted diluted EPS grew by 35% to $0.27. The company also achieved its sixth consecutive quarter of year-over-year adjusted EBITDA margin expansion, reaching 22.7%.

Cognex delivered a strong third quarter in 2025, with revenue increasing 18% year-over-year to $277 million and adjusted diluted earnings per share rising 69% to $0.33. The company achieved an operating margin of 20.9% and an adjusted EBITDA margin of 24.9%, the highest since Q2 2023, reflecting profitable growth and cost discipline.

Cognex delivered a strong second quarter in 2025, with revenue increasing by 4% year-over-year to $249 million. The company achieved significant improvements in profitability, with operating income up 13% and net income up 12%. Adjusted EBITDA margin expanded to 20.7%, marking the first time it exceeded 20% since Q2 2023.

Cognex reported a 2% year-on-year revenue increase to $216 million, or 5% on a constant-currency basis, driven by strong performance in Logistics and Semiconductor businesses. Operating expenses declined 7%, leading to an 84% increase in operating income to $26.1 million and a 99% rise in diluted EPS to $0.14. The company also announced Matt Moschner will succeed Robert J. Willett as CEO on June 27, 2025.

Cognex achieved strong revenue growth of 16.78% YoY in Q4 2024, driven by demand in Logistics and Semiconductor. Operating margin improved significantly, and net income more than doubled. Automotive remains a weak spot, while cost discipline contributed to higher profitability.

Cognex reported Q3 2024 revenue of $235 million, a 19% increase year-over-year. Adjusted EBITDA margin was 17.6%. Revenue growth was driven by strong performance in the Logistics and Semiconductor end markets, while the broader factory automation business remained soft. The company managed costs effectively, delivering sequential decrease in operating expenses and improved operating and free cash flow.

Cognex's Q2 2024 revenue declined slightly by 1% year-over-year, although there was strong growth in Logistics and Semiconductor end markets. The company remains focused on AI-driven product innovation and cost management.

Cognex's Q1 2024 revenue increased by 5% year-over-year. The company is seeing early indications of recovery in certain end markets and is focused on strategic initiatives like AI-enabled 3D vision and the Emerging Customer initiative.

Cognex's Q4 2023 revenue was $196.7 million, a decrease of 18% year-over-year. Net income was $11.2 million, a decrease of 80% year-over-year. The company remains focused on cost management and investing in long-term growth prospects.

Cognex Corporation reported Q3 2023 financial results, with revenue declining by 6% year-over-year to $197.241 million. The decrease was primarily due to lower revenue from consumer electronics and soft investment across various end markets. Net income also decreased by 44% to $18.916 million, and diluted EPS decreased to $0.11. The company focused on long-term growth by entering new markets, including vision sensors and optical components, through the acquisition of Moritex.

Cognex reported a 12% decrease in revenue compared to Q2 2022, driven by softness in e-commerce logistics and weaker demand from factory automation customers. However, gross margin improved to 74%, and operating expenses were managed effectively.

Cognex reported a decrease in revenue by 29% and a decrease in net income by 62% compared to Q1 2022. The company's largest e-commerce customers continued to absorb excess capacity, and factory automation customers were cautious with capital investment. However, the company launched new products and made strides for long-term growth.

Cognex's Q4 2022 revenue was $239.43 million, a decrease of 2% compared to Q4 2021. Net income was $55.31 million, an increase of 3% compared to the same period last year. Diluted EPS was $0.32, compared to $0.30 in Q4 2021. The company is facing challenges due to paused investments from e-commerce customers and slower trends across the broader factory automation business.

Cognex reported a significant decrease in revenue and net income for Q3 2022. Revenue decreased by 26% year-over-year, and net income decreased by 57%. The decline was attributed to a fire at a contract manufacturer and a slowdown in e-commerce fulfillment capacity expansion.

Cognex reported Q2 2022 revenue of $274.63 million, a 2% increase year-over-year. Net income was $58.90 million, a 24% decrease year-over-year, impacted by a $17.4 million charge related to a warehouse fire. The company is facing supply disruption and lower spending on automation projects.

Cognex reported record first-quarter revenue of $282 million, an 18% increase year-over-year. The growth was propelled by multiple end markets, including a notable contribution from logistics customers. Improved supply conditions also aided in shipping backlog orders. However, the company noted that growth momentum is slowing due to project delays caused by supply chain issues and staffing shortages.

Cognex Corporation reported record fourth-quarter revenue of $244 million for 2021, a 9% increase from Q4-20 and a 14% decrease from Q3-21. Growth in logistics, automotive, and other markets was partially offset by lower revenue from consumer electronics. The company's financial position remained strong, with $907 million in cash and investments and no debt.

Cognex Corporation reported record revenue of $285 million for Q3 2021, a 13% increase from Q3 2020 and a 6% increase from Q2 2021. The company's operating margin was 31%, exceeding the long-term target of 30%. Growth was driven by logistics, automotive, and other markets, offset by lower revenue from consumer electronics. Supply chain constraints are beginning to hold back revenue growth and drive cost increases.

Cognex Corporation reported record revenue of $269 million for the second quarter, a 59% increase from Q2-20 and 13% from Q1-21. The company also reported an operating margin of 34%, which is well above their 30% long-term target.

Cognex Corporation reported a strong start to 2021, achieving record first-quarter revenue of $239 million, a 43% increase year-over-year. The company's net income also reached a record $69.848 million, with an operating margin of 33%. Growth was driven by continued strong performance in the e-commerce sector of logistics and improved business activity across all geographic regions.

Cognex reported record fourth-quarter revenue, driven by strong performance in e-commerce and consumer electronics. Revenue increased by 32% year-over-year but declined 11% sequentially due to the timing of large customer deployments in the consumer electronics industry. The company is cautiously optimistic that the strength experienced in the second half of 2020 will continue into the new year.

Cognex reported very good results for Q3 2020, exceeding expectations with strong revenue growth driven by large customer deployments in consumer electronics and e-commerce logistics. The company achieved the second-highest quarterly revenue, net income, and earnings per share in its history, along with significant operating margin expansion.

Cognex reported a 15% decrease in revenue compared to Q2 2019, and a net loss of $1.142 million due to deteriorating global economic conditions and significant restructuring charges. Despite the difficult quarter, the company saw strong order activity in consumer electronics and e-commerce markets. Cognex expects revenue growth in Q3 2020.

Cognex reported Q1 2020 financial results with revenue of $167.235 million and net income of $20.477 million, which were in line with guidance. The COVID-19 outbreak had a modest adverse impact. The company expects a decline in both revenue and earnings per share for Q2 2020.

Cognex's Q4 2019 revenue was $169.8 million, a 12% decrease from Q4 2018. Net income was $80.3 million, or $0.46 per diluted share, compared to $45.4 million, or $0.26 per diluted share, in Q4 2018. The effective tax rate was (250)% due to discrete tax items that resulted in a tax benefit of $61 million.