Cognex Q3 revenue slightly misses analyst estimates
Overview
Industrial machine vision firm's Q3 revenue rose 13% yr/yr, slightly missing analyst expectations
Adjusted EPS for Q3 rose 61% yr/yr and beat analyst expectations
Company agreed to acquire RealSense, expanding in depth-sensing and AI vision technology
Outlook
Cognex sees Q4 revenue between $270 mln and $290 mln
Company expects Q4 adjusted EPS (diluted) of $0.37 to $0.41
Cognex raises full-year 2026 revenue guidance to $1.143 bln-$1.163 bln
Result Drivers
BROAD-BASED END MARKET GROWTH - Co said Q3 revenue growth was driven by strength across most major end markets
FAVORABLE MIX AND PRICING - Co attributed gross margin increase to favorable mix, higher volume, and faster-than-expected pricing execution
COST MANAGEMENT - Co said lower operating expenses reflected continued cost management activities, partly offset by higher sales commissions
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Slight Miss* | $313 mln | $313.32 mln (16 Analysts) |
Q3 Adjusted EPS | Beat | $0.53 | $0.52 (17 Analysts) |
Q3 EPS | $0.50 | ||
Q3 Net Income | $85 mln | ||
Q3 Operating income | $101 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
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 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 Corporation is $80.00, about 37.7% above its November 3 closing price of $58.11
The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 39 three months ago
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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.)