Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

COGNEX CORP
Next earnings Jul 28, 2026 · consensus $0.43 EPS, $298M rev
Last earnings +5.8% on 2026-05-06
Best-in-class machine-vision franchise with 67% gross margins and recovering profits, but a 97x P/E already prices the cyclical rebound.
Sources: SEC EDGAR (CIK 0000851205, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/21/2026, 8:47:06 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Middling fundamentals and a rich price (~81% above fair value) leave little margin of safety — a wait-and-see.
Cognex is a high-quality, asset-light technology leader in industrial machine vision, with structural exposure to logistics, packaging, consumer electronics, automotive and semiconductor automation (its top markets are ~85% of revenue). FY2025 showed a cyclical recovery: revenue grew 8.7% to $994M, operating income jumped 41.3% to $163M, and operating cash flow surged 64.7% to $246M on minimal capex ($8.74M). The economics are excellent — 66.9% gross margin, a debt-light balance sheet (liabilities/equity 0.35x), and $263M cash.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.04B | $1.01B | $838M | $915M | $994M |
| Gross profit | $760M | $722M | $601M | $626M | $665M |
| Operating income | $315M | $246M | $131M | $115M | $163M |
| Net income | $280M | $216M | $113M | $106M | $114M |
| Diluted EPS | $1.56 | $1.23 | $0.65 | $0.62 | $0.68 |
| Net margin | 27.0% | 21.4% | 13.5% | 11.6% | 11.5% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
1482 tracked peers · median
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 0 open-market buys · 21 sales
| 2026-05-27 | Long Darren Marc Vice President | Exercise | 4.50K @ $56.44 | $254K |
| 2026-05-27 | Long Darren Marc Vice President | Sell | 4.50K @ $66.32 | $298K |
| 2026-05-27 | Long Darren Marc Vice President | Exercise | 8.68K @ $51.49 | $447K |
| 2026-05-27 | Long Darren Marc Vice President | Sell | 8.68K @ $66.32 | $575K |
| 2026-05-27 | Long Darren Marc Vice President | Exercise | 5.50K @ $49.12 | $270K |
| 2026-05-27 | Long Darren Marc Vice President | Sell | 5.50K @ $66.32 | $365K |
| 2026-05-27 | Long Darren Marc Vice President | Sell | 1.58K @ $66.52 | $105K |
| 2026-05-12 | MACDONALD LAURA ANN VP and PAO | Exercise | 6.10K @ $47.21 | $288K |
| 2026-05-12 | MACDONALD LAURA ANN VP and PAO | Sell | 6.10K @ $65.56 | $400K |
| 2026-05-12 | MACDONALD LAURA ANN VP and PAO | Exercise | 10.0K @ $48.28 | $483K |
| 2026-05-12 | MACDONALD LAURA ANN VP and PAO | Sell | 10.0K @ $65.56 | $656K |
| 2026-05-12 | MACDONALD LAURA ANN VP and PAO | Exercise | 25.5K @ $50.94 | $1.30M |
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.