Machine vision systems Cognex Q3 revenue beats estimates on strong showing in Logistics and Factory Automation

Cognex

29/10/2025 20:47

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

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$277 mln
$262.26 mln (15 Analysts)
Q3 Adjusted EPS
beats
$0.33
$0.29 (16 Analysts)
Q3 Operating income
$58 mln


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

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