Machine vision technology company Cognex (NASDAQ:CGNX) will be reporting results tomorrow after the bell. Here’s what to expect.

Cognex beat analysts’ revenue expectations by 4% last quarter, reporting revenues of $229.7 million, up 16.8% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EPS estimates.

Is Cognex a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Cognex’s revenue to be flat year on year at $212 million, slowing from the 4.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.13 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Cognex has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Cognex’s peers in the tech hardware & electronics segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Knowles’s revenues decreased 32.7% year on year, beating analysts’ expectations by 2.5%, and Amphenol reported revenues up 47.7%, topping estimates by 12.2%. Knowles traded up 2.6% following the results while Amphenol was also up 15.5%.

Read our full analysis of Knowles’s results here and Amphenol’s results here.

The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the tech hardware & electronics stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.1% on average over the last month. Cognex is down 9.9% during the same time and is heading into earnings with an average analyst price target of $38.35 (compared to the current share price of $26.89).

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