Cognex Corporation reported its financial results for the second quarter of 2025, revealing a revenue of $249.1 million, a 4% increase from $239.3 million in the same quarter of 2024. For the first half of 2025, revenue reached $465.1 million, up 3% from $450.1 million year-over-year. The company's gross profit for the quarter was $167.9 million, yielding a gross margin of 67%, down from 70% in the prior year, primarily due to a less favorable industry mix. Operating income increased to $43.4 million, representing 17% of revenue, compared to 16% in the previous year. Net income for the quarter was $40.5 million, or $0.24 per diluted share, up from $36.2 million, or $0.21 per diluted share, in the same period last year.
The company experienced notable changes in its operational metrics. Research and development expenses decreased by 5% to $33.1 million, while selling, general, and administrative expenses fell by 2% to $91.3 million, reflecting disciplined cost management. The total operating expenses for the quarter were $124.4 million, down 3% from the previous year. Cognex's effective tax rate for the quarter was 16%, compared to 13% in the same quarter of 2024, influenced by a higher proportion of profits being taxed in jurisdictions with higher rates.
Geographically, revenue from the Americas increased by 8% for the quarter, driven by strong growth in logistics and consumer electronics, while revenue from Europe rose by 17%. However, revenue from Greater China decreased by 17%, attributed to procurement shifts from China to Europe and a general decline in the automotive sector. The company reported a total of $625.7 million in current assets as of June 29, 2025, with cash and cash equivalents at $179.3 million.
Cognex also announced a strategic partnership in July 2025 with a channel partner to enhance its offerings in medical lab automation, which is expected to generate additional revenue in the third quarter. The company has authorized a stock repurchase program of up to $500 million, with $164 million remaining as of the end of the quarter. Looking ahead, Cognex anticipates continued growth driven by demand in logistics and factory automation, despite challenges in the automotive sector. The company remains focused on maintaining its strong cash position and managing operational costs effectively.
About COGNEX CORP
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.