Cognex Q2 revenue $274.6M flat YoY; Q3 guidance $160-180M due to fire and logistics slowdown

COGNEX CORP

2022-Q2 EPS reported $0.72 revenue$557,035,000

Q2 revenue $274.6M (+2% YoY); net income $58.9M ($0.34 EPS); non-GAAP EPS $0.41.
$17.4M charge from fire at contract manufacturer in Indonesia; insurance recovery estimated at $27.5M.
Q3 revenue guidance $160-180M, down from Q2, citing supply disruption and lower e-commerce logistics demand.
Board declared quarterly dividend of $0.065 per share; payable Sept 2 to holders of record Aug 19.
Cash and investments $788M, no debt; $154M spent on stock repurchases in first half 2022.

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