Cognex Q1 adjusted EPS rises, beats estimates

Cognex

06/05/2026 21:54

Overview

Industrial machine vision firm's Q1 revenue rose 24%, beating analyst expectations

Adjusted diluted EPS for Q1 more than doubled, beating analyst expectations

Company returned $113 mln to shareholders, mainly through share repurchases

Outlook

Cognex sees Q2 revenue between $280 mln and $300 mln

Company expects Q2 adjusted EBITDA margin of 28% to 31%

Cognex forecasts Q2 adjusted EPS (diluted) of $0.40 to $0.44

Result Drivers

END-MARKET DEMAND - Co said revenue growth was driven by broad-based strength across major end markets

FAVORABLE MIX AND VOLUME - Gross margin improvement was primarily driven by favorable mix and volume, slightly offset by tariffs

COST MANAGEMENT - Higher incentive compensation increased operating expenses, but this was partially offset by disciplined cost management

Company press release: ID:nPnLM961a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$268 mln
$246.84 mln (16 Analysts)
Q1 Adjusted EPS
Beat
$0.34
$0.25 (17 Analysts)
Q1 EPS
$0.31
Q1 Net Income
$51.70 mln
Q1 Operating income
$60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 7 "hold" and no "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 $66.00, about 12.2% above its May 5 closing price of $58.83

The stock recently traded at 44 times the next 12-month earnings vs. a P/E of 34 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)