Cognex beats Q4 revenue,  adjusted profit estimates

Cognex

11/02/2026 21:40

Overview

Cognex's Q4 revenue grew 10% yr/yr, beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations, rising 35% yr/yr

Company plans to exit $22 mln of non-core revenue, optimizing operating model

Outlook

Cognex expects Q1 2026 revenue between $235 mln and $255 mln

Company anticipates Q1 2026 adjusted EBITDA margin of 19.0% to 22.0%

Cognex forecasts Q1 2026 adjusted EPS between $0.22 and $0.26

Result Drivers

FACTORY AUTOMATION - Increased year-end spending in Factory Automation end markets drove revenue growth

COST MANAGEMENT - Disciplined cost management contributed to a 420 basis point increase in adjusted EBITDA margin

PORTFOLIO OPTIMIZATION - Exiting $22 mln of non-core, low-margin revenue to improve mix and focus

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$252 mln
$239.51 mln (17 Analysts)
Q4 Adjusted EPS
Beat
$0.27
$0.22 (17 Analysts)
Q4 EPS
$0.19
Q4 Net Income
$33 mln
Q4 Operating income
$35 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "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 $48.00, about 10.1% above its February 10 closing price of $43.58

The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 37 three months ago

Press Release: ID:nPn9Dgqqva

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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.)