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Dec 31, 2024
Cognex Q4 2024 Earnings Report
Key Takeaways
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.
Forward Guidance
Cognex expects stable revenue for Q1 2025, with growth in Logistics and Semiconductor offset by weakness in Automotive and foreign exchange headwinds. Cost management is expected to drive margin improvements.
Positive Outlook
- Revenue expected to be between $200M and $220M, stable YoY
- Continued growth in Logistics and Semiconductor businesses
- Adjusted EBITDA margin forecasted at 12% - 15%, improving YoY
- Strong cost discipline and operating expense management
- Ongoing investments in AI-powered machine vision technology
Challenges Ahead
- Automotive sector remains weak, especially in EV batteries
- Expected sequential revenue decline due to Q4 demand acceleration
- Foreign exchange expected to negatively impact revenue by $9M
- Gross margin pressure from product mix and pricing challenges
Historical Earnings Impact
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Avg. Return Before/After Earnings
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