Slide 1: Cognex Q1 2026 Earnings
Cognex Q1 2026 Earnings May 6, 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 the Company from time to time, constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act
Slide 3: Q1 2026 Highlights
Q1 2026 Highlights Q1 2026 Revenue Strategy Update: ▪ Advancing innovation: strengthening technology leadership with the launch of $268 Million two breakthrough AI vision systems, the IS6900 and IS3900 +24% Y/Y ▪ Executing portfolio optimization: completed divestiture of Japan-focused trading busine
Slide 4: Advancing Our Technology Leadership In AI
Advancing Our Technology Leadership In AI Expanding the In-Sight® Portfolio In-Sight® 6900 In-Sight® 3900 Flexible AI vision The fastest and easy-to-use controller for the most embedded AI vision system demanding applications Powered by Powered by NVIDIA Jetson Qualcomm Dragonwing processors Key f
Slide 5: Q1 2026 End Market Results and Updated 2026 View
Q1 2026 End Market Results and Updated 2026 View % OF REVENUE Q1 2026 UPDATED END MARKET Full-year 20251 REVENUE GROWTH2 2026 VIEW DD Logistics 26% MSD to HSD against weak Q1 2025 comp HSD Packaging 21% DD from MSD to HSD Consumer Electronics 19% DD HSD to DD Automotive 19% MSD FLAT to LSD HSD to DD
Slide 6: Q1 2026 Financial Highlights
Q1 2026 Financial Highlights Adj. EBITDA Margin Adj. Diluted EPS Free Cash Flow Conversion1 26.9% $0.34 119% +1,010 bps Y/Y +113% Y/Y Trailing twelve-month rate Seventh consecutive quarter Seventh consecutive quarter Sixth consecutive quarter of Y/Y expansion of Y/Y growth >100% 6 © 2026 Cognex Corp
Slide 7: Q1 2026 Financials
Q1 2026 Financials Q1 Q1 Y/Y Revenue increased 24% as reported and 21% on All figures in $ million, except per share amounts 2026 2025 Change 1. a constant currency basis driven by broad-based strength across major end markets. Revenue 268 216 +24% Adjusted Gross Profit 193 146 +32% Adjusted Gross M
Slide 8: Q2 2026 Outlook
Q2 2026 Outlook 2 nd QUARTER EXPECTATIONS Q2 2026 Q2 2025 Y/Y Year-over-year revenue growth reflects All figures in $ million, unless specified Guidance Results Change* 1. contribution from broader Factory Automation end markets and Logistics. Revenue $280 – $300 $249 +16.5% 2. Sequential step-up in
Slide 9: Baselining Revenue for Comparability
Baselining Revenue for Comparability TOPIC Q2 Q3 Q4 All figures in $ million 2025 GAAP Revenue as reported 249 277 252 Completed portfolio optimization actions Y/Y headwind (5) (5) (5) Consumer Electronics order timing shift (Q3 → Q2) Timing +7 (7) -- One-time commercial partnership benefit (Q3 2025
Slide 10: 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 11: GAAP to Non-GAAP Tables
GAAP to Non-GAAP Tables USD $ in 000s unless noted as per share Three-months Ended April 5, 2026 March 30, 2025 Gross profit (GAAP) $ 190,939 $ 144,323 Acquisition and integration costs 216 242 Amortization of acquisition-related intangible assets 1,337 1,338 Reorganization charges 374 86 Adjusted g
Slide 12: GAAP to Non-GAAP Tables
GAAP to Non-GAAP Tables USD $ in 000s unless noted as per share Three-months Ended April 5, 2026 March 30, 2025 Net income (GAAP) $ 51,704 $ 23,603 Acquisition and integration costs 231 780 Amortization of acquisition-related intangible assets 2,532 2,628 Reorganization charges 5,129 1,708 Loss on s
Slide 13: 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 April 5, 2026, these
Slide 14: Investor Relations Upcoming Activity
Investor Relations Upcoming Activity Upcoming Conferences and Investor Events TD Cowen 54th Annual Technology, Media & Telecom May New York, NY Conference May Bernstein 42nd Annual Strategic Decisions Conference New York, NY June Wells Fargo 16th Annual Industrials & Materials Conference Chicago, IL