Cognex Corp income statement
In fiscal 2025, Cognex Corp reported revenue of $994m, up 8.7% on the year before, operating income of $163m (a 16.3% margin) and net income of $114m, or $0.68 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 176 | 291 | 322 | 324 | 308 | 426 | 451 | 530 | 766 | 806 | 726 | 811 | 1,037 | 1,006 | 838 | 915 | 994 | 1,089 |
| Cost of revenue | 56 | 78 | 78 | 79 | 63 | 94 | 103 | 131 | 187 | 206 | 190 | 206 | 277 | 284 | 236 | 289 | 329 | 339 |
| Gross profit | 119 | 213 | 244 | 245 | 245 | 332 | 348 | 398 | 579 | 600 | 536 | 605 | 760 | 722 | 601 | 626 | 665 | 750 |
| Research and development | 31 | 33 | 41 | 42 | 44 | 56 | 70 | 78 | 99 | 116 | 119 | 131 | 135 | 141 | 139 | 140 | 139 | 141 |
| Selling, general and administrative | 96 | 104 | 118 | 120 | 124 | 149 | 157 | 166 | 221 | 263 | 274 | 268 | 309 | 312 | 339 | 371 | 364 | 371 |
| Operating income | −13 | 76 | 85 | 83 | 77 | 128 | 122 | 154 | 259 | 221 | 143 | 171 | 315 | 246 | 131 | 115 | 163 | 238 |
| Income before tax | −10 | 76 | 87 | 87 | 78 | 132 | 127 | 162 | 266 | 235 | 163 | 187 | 319 | 251 | 135 | 131 | 183 | 258 |
| Income tax | −6 | 15 | 17 | 19 | 11 | 21 | 19 | 18 | 90 | 15 | −41 | 11 | 39 | 35 | 22 | 25 | 68 | 83 |
| Net income | −5 | 61 | 70 | 68 | 74 | 121 | 187 | 144 | 177 | 219 | 204 | 176 | 280 | 216 | 113 | 106 | 114 | 175 |
| Diluted EPS | −$0.03 | $0.38 | $0.41 | $0.39 | $0.41 | $0.68 | $1.06 | $0.83 | $0.98 | $1.24 | $1.16 | $1.00 | $1.56 | $1.23 | $0.65 | $0.62 | $0.68 | $1.03 |
| Diluted shares (average) | 159m | 161m | 171m | 175m | 178m | 178m | 176m | 174m | 180m | 177m | 175m | 177m | 180m | 175m | 173m | 173m | 169m | 169m |
| EBITDA | −2 | 86 | 95 | 94 | 88 | 140 | 131 | 166 | 273 | 240 | 164 | 193 | 332 | 263 | 148 | 136 | 183 | 257 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Apr 2026 | 2026 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 235 | 230 | 216 | 249 | 277 | 252 | 268 | 291 |
| Cost of revenue | 75 | 72 | 72 | 81 | 90 | 86 | 77 | 85 |
| Gross profit | 159 | 158 | 144 | 168 | 187 | 166 | 191 | 206 |
| Research and development | 35 | 33 | 35 | 33 | 35 | 36 | 37 | 32 |
| Selling, general and administrative | 93 | 94 | 84 | 91 | 94 | 95 | 94 | 88 |
| Operating income | 32 | 31 | 26 | 43 | 58 | 35 | 60 | 86 |
| Income before tax | 37 | 36 | 28 | 48 | 63 | 44 | 62 | 89 |
| Income tax | 7 | 7 | 4 | 8 | 45 | 11 | 10 | 17 |
| Net income | 30 | 28 | 24 | 41 | 18 | 33 | 52 | 73 |
| Diluted EPS | $0.17 | $0.17 | $0.14 | $0.24 | $0.10 | $0.20 | $0.31 | $0.43 |
| EBITDA | 37 | 36 | 31 | 49 | 63 | 40 | 65 | 90 |
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