earnings
confidence high
sentiment positive
materiality 0.85
Cognex Q2 revenue record $269M, up 59% YoY; guides Q3 $275-295M
COGNEX CORP
2021-Q2 EPS reported
$0.82
revenue$508,185,000
- Record quarterly revenue $269.2M, up 59% YoY; net income $77.6M, diluted EPS $0.43 vs -$0.01 in Q2-20.
- Non-GAAP diluted EPS $0.43, up 139% YoY; operating margin 34% above 30% long-term target.
- Q3-21 revenue guidance $275-295M; growth driven by logistics and automotive; consumer electronics revenue expected to moderate.
- Declared quarterly dividend $0.06/share, payable Sep 3, 2021 to holders of record Aug 20, 2021.
- Cash and investments $952M, no debt; $21M share repurchases in H1 2021.