Q2 25 EPS
$0.24
BEAT +4.35%
Est. $0.23
Q2 25 Revenue
$249.1M
BEAT +1.21%
Est. $246.1M
vs S&P Since Q2 25
+54.7%
BEATING MARKET
CGNX +70.7% vs S&P +16.0%
Market Reaction
Did CGNX Beat Earnings? Q2 2025 Results
Cognex delivered a clean beat to open the second half of 2025, with Q2 revenue of $249.09 million edging past the $246.11 million consensus by 1.21% and rising 4.1% year over year, while adjusted EPS of $0.24 topped the $0.24 estimate by 1.57%. The h… Read more Cognex delivered a clean beat to open the second half of 2025, with Q2 revenue of $249.09 million edging past the $246.11 million consensus by 1.21% and rising 4.1% year over year, while adjusted EPS of $0.24 topped the $0.24 estimate by 1.57%. The headline numbers were underpinned by a profitability milestone that caught investor attention: adjusted EBITDA margin crossed above 20% for the first time since Q2 2023, reaching 20.7%, as disciplined cost management drove operating expenses down 3% year over year and more than offset a 230 basis point compression in adjusted gross margin tied to less favorable industry mix and modest tariff headwinds. Free cash flow surged 74% to $40.43 million, and the company ended the quarter debt-free with $553.00 million in cash and investments. The strong results helped propel the stock to a new 52-week high. Looking ahead, management guided Q3 revenue of $245 to $265 million, representing approximately 9% year-over-year growth at the midpoint, with adjusted EPS of $0.24 to $0.29 implying 35% growth.
Key Takeaways
- • Revenue growth driven by strength in Logistics and broader Factory Automation
- • Consumer Electronics and Packaging drove Factory Automation growth
- • Operating expenses declined 3% year over year through disciplined cost management
- • Salesforce transformation delivering impactful results, expanding reach in Packaging customers
- • Free cash flow conversion rate of 100% of net income in Q2
CGNX YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
“We're focused on executing on our strategic priorities and delivering on our long-term financial framework to drive shareholder value. The second quarter represents an early, but meaningful, step forward in this journey, marked by continued Adjusted EBITDA margin expansion and strong free cash flow generation — both of which we believe are important indicators of our financial discipline and long-term value creation.”
— Matt Moschner, Q2 2025 Earnings Press Release
CGNX Earnings Trends
CGNX vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CGNX EPS Trend
Earnings per share: estimate vs actual
CGNX Revenue Trend
Quarterly revenue: estimate vs actual
CGNX Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.25 | $0.34 | +36.00% | $268.4M | +9.10% |
| Q4 25 BEAT FY | $0.22 | $0.27 | +22.73% | $252.3M | +5.80% |
| FY Full Year | $0.96 | $1.02 | +6.00% | $994.4M | +1.41% |
| Q3 25 BEAT | $0.29 | $0.33 | +13.79% | $276.9M | +5.73% |
| Q2 25 BEAT | $0.23 | $0.24 | +4.35% | $249.1M | +1.21% |
| Q1 25 BEAT | $0.13 | $0.16 | +23.08% | $216.0M | +1.77% |