secwatch.observer — SEC 8-K summary
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Issuer:     COGNEX CORP (CGNX)
CIK:        0000851205
Form:       8-K
Filed at:   2026-09-22T11:01:30+00:00
Accession:  0000851205-26-000071
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cognex acquires RealSense for $500M cash to enter robotic perception
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- All-cash $500M deal, funded from existing cash/investments; expected to close Q4 2026.
- RealSense 2026 revenue projected at $80-90M, up >50% YoY; robotic perception market ~$600M today, ~$1.6B by 2030.
- Retention: ~$50M in RSUs (vesting 20%/30%/50% over 3 yrs) and up to $69M cash payments (incl. $25M performance-based); press release cites $56.5M target.
- RealSense, spun out of Intel in 2025, will divest Facial Authentication line before close.
- Cognex expects strong accretion to growth and Adjusted EBITDA margins; deal advised by Evercore.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851205/000085120526000071/0000851205-26-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851205/000085120526000071/cgnx-20260922.htm
  HTML page:      https://secwatch.observer/filing/0000851205-26-000071

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer