Cognex Q3 revenue $210M, down 26% YoY; EPS $0.19 ($0.21 non-GAAP); Q4 guidance $235-255M

COGNEX CORP

2022-Q3 EPS reported $0.91 revenue$766,657,000

Revenue $209.6M, down 26% YoY and 24% sequentially; net income $34.0M ($0.19 diluted EPS), down 57% YoY.
Non-GAAP diluted EPS $0.21; gross margin improved to 73% from 70% YoY on favorable mix.
Fire disruption caused $2.9M pre-tax charge in Q3; insurance proceeds $27.6M received in Q4 (after quarter end).
Q4 2022 revenue guidance $235M-$255M (roughly flat YoY at midpoint); gross margin expected low-70% due to component premiums.
Board declared $0.07 quarterly dividend, payable Dec 2 to shareholders of record Nov 18.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COGNEX CORP reported Q4-22 results: revenue $235 million and $255 million.

Period: Q4-22
Revenue: $235 million and $255 million
Result: guidance update

Exact text from the filing

Cognex expects revenue for Q4-22 will be between $235 million and $255 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

COGNEX CORP reported Q3-22 results: revenue $209,622, net income $33,980, EPS $0.19.

Period: Q3-22
Revenue: $209,622
Net income: $33,980
EPS: $0.19
Result: reported results

Exact text from the filing

in thousands, except per share amounts) Revenue Net Income Net Income per Diluted Share Non-GAAP Net Income per Diluted Share* Quarterly Comparisons Current quarter: Q3-22 $209,622 $33,980 $0.19 $0.21 Prior year’s quarter: Q3-21 $284,848 $78,900 $0.44 $0.40 Change: Q3-21 to Q3-22 (26)% (57)% (57)% (48)% Prior quarter: Q2-22 $274,628 $58,901 $0.34 $0.41

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COGNEX CORP reported Q3-21 results: revenue $284,848, net income $78,900, EPS $0.44.

Period: Q3-21
Revenue: $284,848
Net income: $78,900
EPS: $0.44
Result: reported results

Exact text from the filing

Income Net Income per Diluted Share Non-GAAP Net Income per Diluted Share* Quarterly Comparisons Current quarter: Q3-22 $209,622 $33,980 $0.19 $0.21 Prior year’s quarter: Q3-21 $284,848 $78,900 $0.44 $0.40 Change: Q3-21 to Q3-22 (26)% (57)% (57)% (48)% Prior quarter: Q2-22 $274,628 $58,901 $0.34 $0.41 Change: Q2-22 to Q3-22 (24)% (42)% (44)% (49)% Year-to-Date

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

COGNEX CORP filing history →

Source: SEC EDGAR

accession 0001157523-22-001522

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