Cognex Corporation · NASDAQ:CGNX
Cognex — Q2 2026 Earnings Presentation
16 slides from Cognex's earnings presentation, Aug 6, 2026
Slide 1: Cognex Q2 2026 Earnings
Cognex Q2 2026 Earnings August 5, 2026 1 © 2026 Cognex Corporation
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements made in this presentation, as well as oral statements made by Cognex Corporation ("Cognex", "we", "us", "our", or the "Company") from time to time, constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as
Slide 3: Q2 2026 Highlights
Q2 2026 Highlights Q2 2026 Revenue $291 Million Strategy Update: ▪ Extending AI leadership: using OneVisionTM to enable new AI-driven applications and expand into high-growth end markets, including data center supply chain +17% Y/Y ▪ Customer experience: building the industry’s most comprehensive an
Slide 4: Driving Growth Through Diversification
Driving Growth Through Diversification ADDING NEW STRENGTHENING ENTERING EXPANDING CUSTOMERS CHANNEL ADJACENCIES END MARKETS ▪ ~9,000 in 2025 ▪ Revitalizing Cognex channel ▪ Through organic or ▪ Data Center supply ▪ ~4,500 2026 YTD partner program globally inorganic investments chain 4 © 2026 Cognex
Slide 5: Driving Growth Through Diversification: Data Center Supply Chain Opportunity
Driving Growth Through Diversification: Data Center Supply Chain Opportunity Application: Server Rack Inspection ▪ Addresses a complex, high-value quality control challenge in data center infrastructure ▪ Showcases the expanding opportunity for OneVision beyond traditional factory automation 5 © 202
Slide 6: Q2 2026 End Market Results and Updated 2026 View
Q2 2026 End Market Results and Updated 2026 View % OF REVENUE Q2 2026 UPDATED END MARKET Full-year 20251 REVENUE GROWTH2 2026 VIEW HSD Logistics 26% DD from MSD to HSD DD Packaging 21% DD from HSD DD Consumer Electronics 19% DD from HSD to DD Automotive 19% (HSD) FLAT to LSD DD Semiconductor 10% DD
Slide 7: Q2 2026 Financial Highlights
Q2 2026 Financial Highlights Adj. EBITDA Margin Adj. Diluted EPS Free Cash Flow Conversion1 32.2% $0.45 114% +1,150 bps Y/Y +80% Y/Y Trailing twelve-month rate Eighth consecutive quarter Eighth consecutive quarter Seventh consecutive quarter of Y/Y expansion of Y/Y growth >100% 7 © 2026 Cognex Corpo
Slide 8: Q2 2026 Financials
Q2 2026 Financials Q2 Q2 Y/Y Revenue increased 17% as reported and 16% on All figures in $ million, except per share amounts 2026 2025 Change 1. a constant currency basis driven by broad-based strength across most major end markets. Revenue 291 249 +17% Adjusted Gross Profit 208 169 +23% Adjusted Gr
Slide 9: Q3 2026 Outlook
Q3 2026 Outlook 3 rd QUARTER EXPECTATIONS Q3 2025 Y/Y Q3 2026 Q3 2025 Y/Y Results Change** Year-over-year revenue growth reflects All figures in $ million, Guidance Results Change** unless specified ex CP* ex CP* 1. contribution from broader Factory Automation end markets and Logistics. Revenue $300
Slide 10: Full-Year 2026 Outlook
Full-Year 2026 Outlook 2026 EXPECTATIONS 2025 Y/Y 2026 2025 Y/Y Results Change** Year-over-year revenue growth reflects All figures in $ million, Guidance Results Change** unless specified ex CP* ex CP* 1. contribution from broader Factory Automation end markets and Logistics. Revenue $1,130 – $1,15
Slide 11: Baselining Revenue for Comparability
Baselining Revenue for Comparability TOPIC Q3 Q4 Full Year All figures in $ million 2025 GAAP Revenue as reported $277 $252 $994 Y/Y Completed portfolio optimization actions (5) (5) (17) headwind Consumer Electronics order timing shift (Q3 → Q2) Timing (7) -- -- Y/Y One-time commercial partnership b
Slide 12: Non-GAAP Financial Measures
Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures, including adjusted gross profit and Cognex may also disclose results on a constant- margin, adjusted operating expense, adjusted operating income and margin, adjusted EBITDA and margin, currency basis as one
Slide 13: GAAP to Non-GAAP Tables
GAAP to Non-GAAP Tables USD $ in 000s unless noted as per share Three-months Ended Six-months Ended July 5, 2026 June 29, 2025 July 5, 2026 June 29, 2025 Gross profit (GAAP) $ 205,773 $ 167,876 $ 396,712 $ 312,199 Acquisition and integration costs 218 211 434 453 Amortization of acquisition-related
Slide 14: GAAP to Non-GAAP Tables
GAAP to Non-GAAP Tables USD $ in 000s unless noted as per share Three-months Ended Six-months Ended July 5, 2026 June 29, 2025 July 5, 2026 June 29, 2025 Net income (GAAP) $ 72,756 $ 40,511 $ 124,460 $ 64,114 Acquisition and integration costs 233 470 464 1,250 Amortization of acquisition-related int
Slide 15: Description of Certain Adjustments
Description of Certain Adjustments 1. Depreciation 4. Reorganization charges The Company has incurred charges related to the reorganization of its The company incurs expense related to its normal use of property, plant and equipment employees. During the three-month period ended July 5, 2026, these
Slide 16: Investor Relations Upcoming Activity
Investor Relations Upcoming Activity Upcoming Conferences and Investor Events KeyBanc Capital Markets Technology August Park City, UT Leadership Forum August Melius HQ Investor Visit Natick, MA August Raymond James Virtual Industrial Showcase Natick, MA Greer Aviv HEAD OF September Morgan Stanley 14