Slide 1: Cognex Q2 2025 Earnings
Cognex Q2 2025 Earnings July 30, 2025 1 © 2025 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: Five-Year Strategic Objectives
Five-Year Strategic Objectives #1 #1 2x AI technology for industrial in Customer Experience Customers served machine vision applications across the industry #1or #2 Market Position in all major markets1 3 © 2025 Cognex Corporation 1) >10% market share in China
Slide 4: New Senior Leadership Team
New Senior Leadership Team Matt Moschner Carl Gerst Dennis Fehr Sheila DiPalma Reto Wyss President and Executive Vice President Chief Financial Officer Executive Vice President Vice President Chief Executive Officer Global Sales & Products Employee Services Vision Engineering Chief Culture Officer S
Slide 5: Q2 2025 Highlights
Q2 2025 Highlights Q2 2025 Revenue Progress on strategic objectives: ▪ Launched OneVision – cloud platform for AI-powered machine vision $249 Million +4% Y/Y ▪ Salesforce transformation fueling revenue growth in Packaging Revenue up 4% Y/Y, +3% Y/Y in constant currency Q2 2025 Adj. EBITDA Margin 20.
Slide 6: OneVision: Enhancing Packaging Inspection at Paldo
OneVision: Enhancing Packaging Inspection at Paldo CUSTOMER OPPORTUNITY COGNEX SOLUTION RESULT Continuous improvement Seamlessly deployed AI Happy customer, of quality control model from OneVision good for Cognex ▪ Reduced false rejections without complex PC-based system ▪ Expanded device footprint
Slide 7: Q2 2025 End Market Results
Q2 2025 End Market Results % OF REVENUE END MARKET Q2 DRIVERS 2025 TRENDS Full-year 2024 Continued momentum driven by e- Logistics 23% Broad-based growth commerce Decline driven by lower project activity Automotive 22% Continued softness as expected and investment levels Positive trend; penetration
Slide 8: Q2 2025 Financial Highlights
Q2 2025 Financial Highlights Adj. EBITDA Margin Adj. EPS Free Cash Flow Conversion1 20.7% $0.25 130% +80bps Y/Y +12% Y/Y Trailing twelve-month rate Highest level since Q2 2023 Fourth consecutive quarter of growth 1) Defined as Free Cash Flow divided by Adjusted Net Income 8 © 2025 Cognex Corporation
Slide 9: Q2 2025 Financial Highlights
Q2 2025 Financial Highlights 1. Revenue increased 4% as reported and 3% on a constant currency basis. Q2 Q2 Y/Y All figures in $ million, except per share amounts 2025 2024 Change Adjusted gross margin contracted 230 basis Revenue $249 $239 +4% 2. points primarily due to less favorable industry mix
Slide 10: Q3 2025 Outlook
Q3 2025 Outlook 3 rd QUARTER EXPECTATIONS Revenue growth reflects contribution from 1. Logistics and broader Factory Automation businesses. All figures in $ million, unless specified Q3 2025 Guidance* Q3 2024 Results Y/Y Change** 2. Consumer Electronics revenue in line with Q2 level. Adjusted EBITDA
Slide 11: 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 12: GAAP to Non-GAAP Tables
GAAP to Non-GAAP Tables Three-months Ended Six-months Ended USD $ in 000s unless noted as per share June 29, 2025 June 30, 2024 June 29, 2025 June 30, 2024 Gross profit (GAAP) $ 167,876 $ 166,599 $ 312,199 $ 308,536 Acquisition and integration costs 211 233 453 1,801 Amortization of acquisition-rela
Slide 13: GAAP to Non-GAAP Tables
GAAP to Non-GAAP Tables Three-months Ended Six-months Ended USD $ in 000s unless noted as per share June 29, 2025 June 30, 2024 June 29, 2025 June 30, 2024 Net income (GAAP) $ 40,511 $ 36,212 $ 64,114 $ 48,234 Acquisition and integration costs 470 1,436 1,250 4,307 Amortization of acquisition-relate
Slide 14: Description of Certain Adjustments
Description of Certain Adjustments 1. Depreciation The company incurs expense related to its normal use of 4. Amortization assets of acquisition-related intangible property, plant and equipment The Company excludes the amortization of acquired intangible assets from non- GAAP expense and income meas
Slide 15: Investor Relations Team & Upcoming Activity
Investor Relations Team & Upcoming Activity Upcoming Conferences and Investor Events August KeyBanc Technology Leadership Forum Deer Valley, UT August Raymond James Industrial Showcase Virtual London, Greer Jordan September UBS Non-Deal Roadshow Stockholm, Geneva, Zurich, Aviv Bertier Frankfurt HEAD