Cognex raises Q3 revenue guidance to $195-205M from $160-180M due to fire recovery

COGNEX CORP

New Q3 2022 revenue guidance: $195-205M, up from prior $160-180M guided on Aug 2.
Increase driven by faster replenishment of component inventory destroyed in contract manufacturer fire.
At Analyst Day, updated served market estimate to $6.5B from $4.2B in 2019; targets 15% long-term CAGR.
Introduced inaugural Sustainability Report highlighting ESG commitments.

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