Overview
Cognex Q2 revenue grows 4% yr/yr, beating analyst expectations
Adjusted EPS rises 12% to $0.25, surpassing estimates
Operating expenses decline 3% due to disciplined cost management
Outlook
Cognex expects Q3 revenue between $245 mln and $265 mln
Company sees Q3 adjusted EPS between $0.24 and $0.29
Cognex anticipates Q3 adjusted EBITDA margin of 19.5% to 22.5%
Result Drivers
LOGISTICS AND AUTOMATION - Revenue growth driven by strength in Logistics and Factory Automation, particularly Consumer Electronics and Packaging
COST MANAGEMENT - Operating expenses declined 3% due to disciplined cost management, contributing to margin improvements
ONEVISION PLATFORM - Launch of OneVision cloud platform for AI-powered Machine Vision marks strategic initiative
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $249 mln | $246.10 mln (15 Analysts) |
Q2 Adjusted EPS | Beat | $0.25 | $0.24 (15 Analysts) |
Q2 Operating income | $43 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Cognex Corp is $37.00, about 7.4% above its July 29 closing price of $34.26
The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 32 three months ago
Press Release: ID:nPnj8Wd9a
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)