Cognex shares tumbled 5.87% in after-hours trading on Wednesday, following the release of the company's second-quarter 2026 financial results.
The machine vision company reported second-quarter revenue of $291 million, which fell short of the IBES estimate of $292.5 million. While the company posted an adjusted earnings per share of $0.45, beating the consensus estimate of $0.42, the top-line miss appears to have weighed on investor sentiment.
Looking ahead, Cognex issued a third-quarter revenue outlook of $300 million to $320 million, surpassing the analyst estimate of $280.1 million. However, the positive guidance was not enough to offset the immediate disappointment from the second-quarter revenue shortfall, leading to the stock's decline in extended trading.