Cognex Corporation (CGNX) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.818 Greetings and welcome to the Cognex fourth quarter 2025 earnings conference call. 00:00:05.818 -- 00:00:08.822 At this time, all participants are on a listen-only mode. 00:00:08.822 -- 00:00:12.126 A question and answer session will follow the formal presentation. 00:00:12.126 -- 00:00:16.051 If anyone requires operator assistance during the conference, please press star zero 00:00:16.051 -- 00:00:21.097 on your telephone keypad. As a reminder, this conference is being recorded. 00:00:21.097 -- 00:00:25.543 It is now my pleasure to introduce your host, Kareer Abib, head of investor relations. 00:00:25.543 -- 00:00:26.584 Thank you. You may begin. 00:00:26.584 -- 00:00:28.166 Thank 00:00:28.166 -- 00:00:32.017 you, operator. Good morning, everyone, and thank you for joining us. 00:00:32.017 -- 00:00:36.202 Our earnings release was published yesterday after market close, and our annual report 00:00:36.202 -- 00:00:40.267 on Form 10-K for 2025 was filed this morning. 00:00:40.267 -- 00:00:44.312 The earnings materials are available on our Investor Relations website. 00:00:44.312 -- 00:00:49.919 I am joined here today by Matt Moschner, our CEO, and Dennis Fehr, our CFO. 00:00:49.919 -- 00:00:54.985 In addition to our usual operational update, we will provide a strategic update highlighting 00:00:54.985 -- 00:01:00.282 the completed strategic portfolio review Our ongoing operating model transformation 00:01:00.282 -- 00:01:05.308 and update to our financial framework after prepared remarks will open the lines 00:01:05.308 -- 00:01:10.433 for Q amp a. Both are published materials and the call today will reference non gap 00:01:10.433 -- 00:01:15.479 measures, you can find a reconciliation of certain items from gap to non gap in our 00:01...