Cognex Corporation · NASDAQ:CGNX
Cognex — Cantor Fitzgerald Global Technology Conference 2025
14 slides from Cognex's conference presentation, Mar 12, 2025
Slide 1: Introduction to Cognex
Introduction to Cognex Cantor 2025 Global Technology Conference Dennis Fehr | Chief Financial Officer March 12, 2025 1 © 2025 Cognex Corporation
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements made in this report, 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 Exchange Act. Readers can ide
Slide 3: The global leader in industrial machine vision and barcode reading
The global leader in industrial machine vision and barcode reading $915M ~70% 26% 2024 REVENUE ADJ. GROSS MARGIN ADJ. OPERATING MARGIN 10-yr historical average OVER 40 YEARS IN BUSINESS >1,400 PATENTS ISSUED & PENDING 3 © 2025 Cognex Corporation
Slide 4: Machine vision provides the ability to see
Machine vision provides the ability to see Brain Eyes Optics Vision software & algorithms 4 © 2025 Cognex Corporation
Slide 5: Challenges we solve: Guide, Identify, Gauge, Inspect
Challenges we solve: Guide Identify Gauge Inspect 5 © 2025 Cognex Corporation
Slide 6: 360 million factory workers worldwide, 35 million visual inspectors
Final 360 million 35 million Factory workers worldwide Visual inspectors Source: Estimates based on internal data and data from International Law Organization & World Bank 6 © 2025 Cognex Corporation
Slide 7: Three megatrends drive adoption
Three megatrends drive adoption DEMOGRAPHICS DRIVE CONTINUOUS COST AND MANUFACTURING LABOR NEAR-SHORING QUALITY OPTIMIZATION SHORTAGE 7 © 2025 Cognex Corporation
Slide 8: Cognex's $8B+ served market
Cognex’s $8B+ served market $1,500M $1,350M $2,000M $650M $1,000M 100% 80% +$1.5B 60% adjacency in vision sensors 40% and optics 20% 0% Automotive Electronics Logistics Medical- Others Total related Est. Cognex share 15% 20% 15% > 10% < 20% > 15% Cognex Others 8 © 2025 Cognex Corporation
Slide 9: We have returned to growth in 2024
We have returned to growth in 2024 ‘11-’21 ‘21-’23 ‘23-’24 CAGR 14% -10% +9%* -10% $1,037M $1,006M +9%* $915M $806M $811M $838M +14% $766M $726M $530M $461M $471M $308M $274M $274M 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 *+1% excluding the Oct 2023 acquisition of Morite
Slide 10: Why businesses choose Cognex
Why businesses choose Cognex Easy and flexible Intuitive products that can be set-up, maintained, and AI tuned Highest performance Solve simple to advanced applications at unmatched rates, and at production speed Reliable and dependable Self-service tools and a global network of support ensure our c
Slide 11: Cognex AI: From Deep Learning to Edge Learning
Cognex AI: From Deep Learning to Edge Learning • Cognex is at the forefront of AI for industrial machine vision • Our AI technology allows us to solve previously unsolvable problems • Edge Learning significantly improves ease of use and speed of deployment Edge Learning Deep Learning ▪ Fewer samples
Slide 12: Sales Transformation and Expansion
Sales Transformation and Expansion 2024 TARGETS FOR NEW SALES COHORT Expanded Sales Force to Reach Underpenetrated Customers ~80K ~3K ~$25m >75% ▪ Simplicity of new products driven by AI- CUSTOMER VISITS NEW CUSTOMERS Y/Y OPEX INCREASE GROSS MARGIN enabled Edge Learning leading to ability to target
Slide 13: Fostering a unique Cognex Culture
Fostering a unique Cognex Culture Work hard! Play hard! Move fast! 13 © 2025 Cognex Corporation
Slide 14: Investor Relations Team & Contact Information
Investor Relations Team & Contact Information Save the Date! 2025 Cognex Investor Day June 9-10 Natick, MA Headquarters Nathan Jordan McCurren Bertier HEAD OF IR & SENIOR Investor Relations Contact: ir@cognex.com TREASURER MANAGER, IR 14 © 2025 Cognex Corporation
Cognex — Cantor Fitzgerald Global Technology Conference 2025 on 6ix