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CGNX · NasdaqGS

Cognex Corporation

Scientific & Technical Instruments · United States

USD 58.20-0.8% daily changeQuote 2026-09-28 · USD
Market cap (USD)
US$9.79B
Trailing P/E
55.96x
Forward P/E
28.82x
Quarterly revenue growth
16.9%
Trailing net margin
16.1%
Indicated dividend yield
0.6%

Snapshot 2026-09-28 · Latest financial period 2026-07-05 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-10-28 (provider estimate, not issuer-confirmed).

Company background

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks in the United States, Europe, Greater China, and internationally. Its machine vision products are used to automate the manufacture and distribution of discrete items, such as mobile phones, automotive components, and e-commerce packages, by locating, identifying, inspecting, and measuring them. The company offers VisionPro software, a suite of patented vision tools for traditional rule-based tools and deep learning-enabled tools for advanced programming; vision systems that combine smart cameras and software to perform a wide range of tasks, including part location, identification, measurement, assembly verification, and robotic guidance; OneVision, a cloud-based platform designed to transform how manufacturers build, train, and scale AI-powered vision applications; In-Sight product line of vision systems and sensors; QuickBuild, which allows customers to build vision applications with a graphical and flowchart-based programming interface; DataMan, an image-based barcode reader for fixed-mount and handheld models, as well as barcode verifiers; and vision accessories, such as industrial cameras, lenses, lighting, vision controllers, frame grabbers, and I/O cards. It sells its products to the automotive, logistics, packaging, consumer electronics, medical-related, semiconductor, and consumer products industries. The company was incorporated in 1981 and is headquartered in Natick, Massachusetts.

Company website

Q2 2026

Go beyond the headline.

Cognex (CGNX) Q2 2026 Earnings: A Record Quarter, And Six Days Of Calendar

Published 2026-08-09

Comparable businesses

CGNX peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricCGNXCognex CorporationSnapshot 2026-09-28Financial period: 2026-07-05TRMBTrimble Inc.Snapshot 2026-09-28Financial period: 2026-07-03FTVFortive CorporationSnapshot 2026-09-28Financial period: 2026-07-03Peer medianSimilar-size peers only
Market capMarket value, converted to USDUS$9.79BUS$13.29BUS$16.77BUS$15.03Bn=2
Forward P/EProvider forward earnings estimate28.82x13.78x17.08x15.43xn=2
EV / EBITDAEnterprise value / trailing EBITDA35.66x16.74x16.34x16.54xn=2
Revenue growthLatest quarter vs prior-year quarter16.9%11.0%7.9%9.4%n=2
Operating marginLatest reported quarter29.4%15.1%19.1%17.1%n=2
Free cash flow yieldTrailing cash flow / market cap2.0%5.2%5.6%5.4%n=2
Net debt / EBITDANet debt / trailing EBITDA-1.24x1.41x2.61x2.01xn=2
Debt / equityTotal debt / positive book equity0.04x0.29x0.59x0.44xn=2
Trailing P/ETrailing twelve-month earnings55.96x—29.37x—
Price / bookPrice / positive book equity per share6.01x2.34x2.77x2.56xn=2
EV / salesEnterprise value / trailing revenue8.76x3.90x4.67x4.28xn=2
Earnings growthLatest quarter vs prior-year quarter79.2%—4.0%—
Gross marginTrailing twelve months68.9%71.8%63.2%67.5%n=2
Net marginTrailing twelve months16.1%-2.8%12.4%4.8%n=2
Return on equityProvider trailing return; positive equity only11.1%-1.9%7.3%2.7%n=2
Free cash flow marginTrailing free cash flow / revenue18.0%18.1%21.8%19.9%n=2
Dividend yieldIndicated annual dividend / price0.6%—0.5%—
Earnings payoutProvider trailing dividend payout32.2%0.0%12.7%6.3%n=2
Current ratioCurrent assets / current liabilities3.93x0.95x1.24x1.10xn=2
BetaProvider historical market sensitivity1.491.360.971.17n=2

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-09-28. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for CGNX

All available reporting periods
Q2 20262026-08-09

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.