Corrects adj. EPS figure in Key Details and second bullet in Overview to say adj. EPS beats analyst expectations

Overview

• Cognex Q3 revenue grows 18% yr/yr, beating analyst expectations, per LSEG data

• Adjusted EPS for Q3 beats analyst expectations

• Company launched AI-enabled Solutions Experience product portfolio in Logistics

Outlook

• Cognex expects Q4 2025 revenue between $230 mln and $245 mln

• Company forecasts Q4 2025 adjusted EPS between $0.19 and $0.24

• Cognex anticipates Q4 2025 adjusted EBITDA margin of 17.0% to 20.0%

Result Drivers

• LOGISTICS AND FACTORY AUTOMATION - Revenue growth driven by strong performance in Logistics and Factory Automation, particularly in Consumer Electronics and Packaging

• COMMERCIAL PARTNERSHIP - One-time benefit from a commercial partnership with a medical lab automation channel partner contributed to revenue growth

• COST MANAGEMENT - Improved operating income and adjusted EBITDA due to disciplined cost management and operational efficiency

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 8 "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 $47.00, about 0.6% below its October 28 closing price of $47.29

• The stock recently traded at 43 times the next 12-month earnings vs. a P/E of 33 three months ago

Press Release: ID:nPn5T2ZDLa

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(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.)