Overview

* Cognex ( CGNX ) Q2 revenue grows 4% yr/yr, beating analyst expectations

* Adjusted EPS rises 12% to $0.25, surpassing estimates

* Operating expenses decline 3% due to disciplined cost management

Outlook

* Cognex ( CGNX ) expects Q3 revenue between $245 mln and $265 mln

* Company sees Q3 adjusted EPS between $0.24 and $0.29

* Cognex ( CGNX ) anticipates Q3 adjusted EBITDA margin of 19.5% to 22.5%

Result Drivers

* LOGISTICS AND AUTOMATION - Revenue growth driven by strength in Logistics and Factory Automation, particularly Consumer Electronics and Packaging

* COST MANAGEMENT - Operating expenses declined 3% due to disciplined cost management, contributing to margin improvements

* ONEVISION PLATFORM - Launch of OneVision cloud platform for AI-powered Machine Vision marks strategic initiative

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $249 mln $246.10

Revenue mln (15

Analysts

)

Q2 Beat $0.25 $0.24

Adjusted (15

EPS Analysts

)

Q2 $43 mln

Operatin

g income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "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 ( CGNX ) is $37.00, about 7.4% above its July 29 closing price of $34.26

* The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 32 three months ago

Press Release:

(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.)