Shares of Cognex Corporation (CGNX) surged 10.19% in pre-market trading on Thursday, following the release of its better-than-expected second-quarter earnings report. The machine vision systems manufacturer demonstrated resilience and growth, surpassing analyst estimates for both earnings per share and revenue.

Cognex reported adjusted earnings of $0.25 per share for the quarter ended June 30, beating the consensus estimate of $0.24 and improving from $0.23 in the same quarter last year. The company's revenue rose 4.1% year-over-year to $249.09 million, outpacing analyst expectations of $246.14 million. Net income for the quarter stood at a solid $40.51 million.

The positive earnings results have reignited investor confidence in Cognex, which had seen its stock decline 4.5% year-to-date prior to this report. Wall Street maintains an overall bullish stance on the company, with the average analyst recommendation being "buy". The median 12-month price target for Cognex stands at $37.00, suggesting further upside potential from its last closing price of $33.76. As the industrial machinery sector continues to evolve, Cognex's strong performance indicates its ability to capitalize on growing demand for automation and machine vision technologies.