Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Cognex Corporation

CGNXNASDAQ
Wall Street Score · overall investment36/100
$58.43USD+$0.21 (+0.36%)
Company website www.cognex.com
HeadquartersOne Vision Drive, Natick, MA, 01760-2059, US
Financial statement currencyUSD · no FX conversion applied
Technology · Hardware, Equipment & Parts
Price updated todayFinancials updated Oct 1, 2026

CGNX · Price history

Price at last available close

$58.43

−$0.32 (-0.54%) 1M

2026-10-28

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Company & revenue

About Cognex Corporation

Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

Cognex Corporation specializes in machine vision technology, offering solutions that interpret and process visual data to streamline and automate production and logistics operations globally. Their advanced vision systems enable the automated manufacturing and tracking of individual components or finished goods, such as mobile devices, pharmaceutical containers, and automotive parts. This is achieved by precisely locating, recognizing, examining, and gauging items throughout their journey from production to delivery.

How they make money

Cognex generates revenue primarily through the design, development, and sale of machine vision systems, software, and sensors that automate manufacturing and logistics processes. The company sells its products globally through a direct sales force and a network of distributors and system integrators, focusing on helping customers improve production quality, increase throughput, and ensure traceability.

Products & services

Machine vision systems, AI-powered vision software (including the OneVision platform), DataMan barcode readers, barcode verifiers, and various vision accessories.

Brands & revenue mix

DataMan

Product line including fixed-mount and handheld barcode readers and verifiers.

Separate brand revenue is not available in this research.Source

OneVision

Cloud-based platform for building, training, and scaling AI-powered vision applications.

Separate brand revenue is not available in this research.Source

In-Sight

Product portfolio for machine vision applications.

Separate brand revenue is not available in this research.Source

Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.

Product / operating segments

Standard Product and ServicesUSD 880.01M88.5%

Period ended 2025-12-31Source

Application of Customer Specific SolutionsUSD 114.34M11.5%

Period ended 2025-12-31Source

Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.

Geographic revenue

AmericasUSD 407.29M41.0%

Period ended 2025-12-31Source

EuropeUSD 251.64M25.3%

Period ended 2025-12-31Source

Other AsiaUSD 176.98M17.8%

Period ended 2025-12-31Source

Greater ChinaUSD 158.46M15.9%

Period ended 2025-12-31Source

Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.

Customer types

Customer concentration

No quantified customer-concentration disclosure is available in the current saved research.

Suppliers, materials & equipment

  • Contract manufacturers — The company utilizes third-party contract manufacturers to assemble certain products and components.Source

Competitors

  • System integrators — Companies that provide integrated machine vision solutions.Source

Strengths

  • Global market leadership in industrial machine visionSource
  • Advanced AI-enabled vision technology and software capabilitiesSource

Risks

  • Geopolitical and trade uncertainty impacting key markets like automotiveSource
  • Dependence on cyclical end-user industries such as consumer electronicsSource

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

36

Poor

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

65

Fair

Financial Strength

67

Business Quality / Moat

43

Management

96

Growth Quality

44

Risk / Durability

87

Weak Company · Expensive Stock

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

38

Avoid

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

46/100

Building Historical Record

Model Score 46/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.

The model outlook is currently cautious.

What we like
  • •Recent buyback activity is present
What to watch
  • •M&A headline · Sep 22, 2026
  • •Valuation is a weaker part of the current profile
  • •Revenue fundamentals are weak
  • •Asset quality is a weaker factor

Company-specific research

Questions worth answering for CGNX

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can CGNX maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •Is CGNX's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
  • •How is CGNX likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
  • •What future growth or profitability would be needed to justify CGNX's current valuation?
⚠ 2 warningsView warning details
M&A headline · Sep 22, 2026M&A headline · Sep 22, 2026
Business analysis: 16 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

36

0–100 · Weak

Opportunity Score

38

0–100 · Weak

Market Cap

$9.83B

P/E Ratio

57.8

EPS

$1.05

52-Week High

$72.88

52-Week Low

$34.60

Beta

1.49

Intrinsic Value

$8.93

Analyst Target

$75.00

Shares Outstanding

169.4M

Total Revenue

$1.09B

Total Debt

$72.5M

Dividend Yield (TTM)

0.58%

View dividend history

Liquidation Value / Share

$9.62

Estimated net asset value per share

Dividend / Share (TTM)

$0.34

Trailing 12 months by ex-date; not a forecast

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
40/ 100
-4 pts / 5d

Weakening momentum

5D +0.7% · 20D -3.7% · RSI 44 · Price vs 20D avg -1.3%
Volatility
52/ 100
+10 pts / 5d

Normal movement

20D realized vol 56.5% · 60D 48.5% · Acceleration 1.17x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for CGNX

Detected from reported data — verify before acting.

Dividend history reported

Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.

Historical repurchase activity

Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.

M&A headline · Sep 22, 2026

Cognex Acquires RealSense for $500M to Expand Robotic Vision Platform — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.

MarketBeat

M&A headline · Sep 22, 2026

Cognex to Acquire RealSense, Expanding Machine Vision Leadership into High-Growth Robotic Perception Market — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.

PRNewsWire

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on CGNX.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Global market leadership in industrial machine vision.
  • +Advanced AI-enabled vision technology and software capabilities.
  • +Positive free cash flow may provide capacity to invest in growth.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Hardware, Equipment & Parts industry.
  • −Geopolitical and trade uncertainty impacting key markets like automotive.
  • −Dependence on cyclical end-user industries such as consumer electronics.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Weak36/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Poor

36

Tap for breakdown →

Fair

68

Debt Cost—
Debt Reduction YoY-9.1%
Debt / Equity0.05x

Tap for breakdown →

Poor

26

Revenue YoY9.5%
Revenue CAGR9.0%
Net Margin16.1%

Tap for breakdown →

Poor

23

Asset Growth YoY1.2%
Liquidation/Share$9.62
Net Assets/MCap0.21x

Tap for breakdown →

Poor

16

Earnings Yield1.7%
Buyback Yield1.2%
Debt Cost—

Tap for breakdown →

Elite

96

ROIC8.1%
ROE10.7%
ROA8.0%

Tap for breakdown →

Weak

43

EPS Growth-5.9%
FCF/Share Growth19.9%
Rev/Share Growth5.8%

Tap for breakdown →

Poor

0

Intrinsic Value$8.93
Value Reference$5.36
MOS-536.1%

Tap for breakdown →

Weak

47

Revenue26
Moat43
Valuation0

Tap for breakdown →

Poor

0

MOS %-536.1%
Value Reference$5.36
Deep Discount Reference$3.57

Tap for breakdown →

Poor

37

Interest Coverage—
ROIC8.1%
FCF Yield2.3%

Tap for breakdown →

Poor

32

Financial37
Valuation0
Debt68

Tap for breakdown →

Strong

76

Survival Years0.9 yrs
Current Ratio3.80x
FCF Margin23.8%

Tap for breakdown →

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Score Changes

5 historical score records available

Previous Score

36

Sep 14, 2026

Change

-0.1

points

Current Score

36

Oct 1, 2026

Category Changes

Revenue0
Debt0
Assets-0.1
Capital0
Management0
Moat-1.7
Valuation0
Buffett-0.3

CGNX decreased 0.1 points because some fundamentals weakened.

Projected Score

Projected Score

45

Projected Change

+9.7 points

Preliminary comparable-period financial changes suggest improvement of approximately 9.7 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Overvalued

Current Price

$58.43

Model Intrinsic Value

$8.93

Difference

+$49.50

+554.7% vs IV

Margin of Safety

-554.7%

UndervaluedFair ValueOvervalued
Value Reference: $5.36
Deep Discount Reference: $3.57

Financial Charts

Revenue

201420152016201720182019202020212022202320242025$0$300M$600M$900M$1.2B

Additional Metrics

Operating Cash Flow

201520172019202120232025$0$80M$160M$240M$320M

Total Debt

201520172019202120232025$0$20M$40M$60M$80M

Total Assets

201520172019202120232025$0$550M$1.1B$1.6B$2.2B

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2025202420232022202120202019201820172016
Revenue$1.09B$994.4M$914.5M$837.5M····························
Cost of Revenue$339.0M$329.0M$288.7M$236.3M····························
Gross Profit$749.9M$665.4M$625.8M$601.2M····························
Research & Development$140.6M$139.0M$139.8M$139.4M····························
SG&A Expenses$370.9M$363.9M$370.9M$339.1M····························
Operating Expenses$511.5M$502.8M$510.7M$470.5M····························
EBITDA$279.0M$213.6M$164.2M$144.6M····························
Operating Income$238.4M$162.6M$115.1M$130.7M····························
Interest Expense$0.00$0.00$0.00$0.00····························
Income Before Tax$258.0M$182.8M$131.5M$135.3M····························
Income Tax Expense$83.2M$68.4M$25.3M$22.1M····························
Net Income$174.8M$114.4M$106.2M$113.2M····························
Basic EPS$1.05$0.68$0.62$0.66····························
Basic Shares167M168M171M172M····························
Diluted Shares170M169M173M173M····························
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:A future estimated earnings date is not currently available.
Jul 5, 2026Q2FY2026

Revenue

$291.3M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

$0.43

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

-12.9%

Cash Change

+68.7%

Margin Change

+8.7 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Margins expanded
  • Cash position grew
  • Debt reduced

Potential Score Impact

Positive indicators included revenue growth, EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 16.9%. EPS increased 79.2%. Cash increased 68.7%. Total debt declined 12.9%. Net income margin improved by 8.7 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 115 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Loading data...

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Log in to view dividend history.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

Start 7-Day Free Trial

Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

Start 7-Day Free Trial

Historical Trends

5 historical records
Jul 23, 26Aug 12, 26Sep 2, 26Sep 14, 26Oct 1, 260255075100

Historical Score Chart

3 of 5 records shown
3 historical score records are shown. Start your seven-day free trial to unlock 2 more records and the complete score history.Start Free Trial

Wall Street Score

Sep 2, 26Sep 14, 26Oct 1, 260255075100

Debt Score

Sep 2, 26Sep 14, 26Oct 1, 260255075100

Revenue Score

Sep 2, 26Sep 14, 26Oct 1, 260255075100

Asset Score

Sep 2, 26Sep 14, 26Oct 1, 260255075100

Capital Score

Sep 2, 26Sep 14, 26Oct 1, 260255075100

Management Score

Sep 2, 26Sep 14, 26Oct 1, 260255075100

Moat Score

Sep 2, 26Sep 14, 26Oct 1, 260255075100

Valuation Score

Sep 2, 26Sep 14, 26Oct 1, 260255075100

Buffett Score

Sep 2, 26Sep 14, 26Oct 1, 260255075100

Intrinsic Value

Sep 2, 26Sep 14, 26Oct 1, 26$6.00$7.00$8.00$9.00$10.00

Value Reference

Sep 2, 26Sep 14, 26Oct 1, 26$3.00$4.00$5.00$6.00$7.00

Margin of Safety %

Sep 2, 26Sep 14, 26Oct 1, 26-3.0%-2.0%-1.0%0.0%1.0%

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News

Rumor Mill · CGNX

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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