Cognex Q3 revenue record $313M (+13% YoY), adjusted EPS $0.53 (+61%); raises FY26 guidance

COGNEX CORP

• Record revenue $313M vs $277M, +13% YoY (+19% excluding Q3 2025 commercial partnership benefit); GAAP EPS $0.50 vs $0.10; adjusted EPS $0.53, +61%.
• Operating margin 32.2% (+1,130 bps YoY); adjusted EBITDA margin 35.5% (+1,060 bps), ninth consecutive quarter of margin expansion; gross margin 70.8%.
• Declared quarterly dividend of $0.09/share, up ~6% from prior $0.085; payable Dec 3, 2026 to shareholders of record Nov 19, 2026.
• Announced definitive agreement to acquire RealSense, Inc., a depth-sensing camera and robotic perception/physical AI company; all-cash deal expected to close in Q4 2026.
• Q4 2026 guidance: revenue $270-290M (+11%) and adjusted EPS $0.37-0.41; FY26 revenue raised to $1,143-1,163M with adjusted EPS $1.68-1.72. Balance sheet: $846M cash, no debt.