---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000296"
form_type: "8-K"
ticker: "CGNX"
cik: "0000851205"
company_name: "COGNEX CORP"
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T10:00:24.408846+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cognex Q4 rev $239M (-2% YoY), EPS $0.32; Q1 guide $180-200M; board changes; $0.07 dividend

## Summary
- Revenue $239.4M in Q4-22, -2% YoY; net income $55.3M, diluted EPS $0.32 (+7% YoY).
- Full year 2022 revenue $1.006B (-3% YoY); net income $215.5M ($1.23 EPS), -21% YoY.
- Q1-23 revenue guidance $180-200M, decline both YoY and sequentially due to e-commerce pause and macro softness.
- Board appoints Angelos Papadimitriou effective Feb 17; directors Krantz and Alias to retire May 3.
- Quarterly dividend $0.07/share declared, payable March 17 to holders of record March 3.

## SEC filing metadata
- accession: 0001157523-23-000296
- form_type: 8-K
- ticker: CGNX
- cik: 0000851205
- company_name: COGNEX CORP
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/851205/000115752323000296/0001157523-23-000296-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/851205/000115752323000296/a53329327.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000296
- JSON: https://secwatch.observer/filing/0001157523-23-000296.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000296.txt

## Key facts
- Earnings Releases
  COGNEX CORP reported Q1-23 results: revenue $180 million and $200 million. Guidance initiated.
  - Period: Q1-23
  - Revenue: $180 million and $200 million
  - Guidance: initiated
  - Result: guidance update
  source text: Cognex expects revenue for Q1-23 to be between $180 million and $200 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/851205/000115752323000296/0001157523-23-000296-index.htm
- Earnings Releases
  COGNEX CORP reported year ended December 31, 2022 results: revenue $1,006,090, net income $215,525, EPS $1.23.
  - Period: year ended December 31, 2022
  - Revenue: $1,006,090
  - Net income: $215,525
  - EPS: $1.23
  - Result: reported results
  source text: Change: Q4-21 to Q4-22 (2)% 3% 7% (10)% Prior quarter: Q3-22 $209,622 $33,980 $0.19 $0.21 Change: Q3-22 to Q4-22 14% 63% 68% 29% Yearly Comparisons Year ended December 31, 2022 $1,006,090 $215,525 $1.23 $1.31 Year ended December 31, 2021 $1,037,098 $279,881 $1.56 $1.49 Change from 2021 to 2022 (3)% (23)% (21)% (12)% *Non-GAAP net income per diluted share excludes a
  evidence_url: https://www.sec.gov/Archives/edgar/data/851205/000115752323000296/0001157523-23-000296-index.htm
- Earnings Releases
  COGNEX CORP reported Q4-22 results: revenue $239,433, net income $55,311, EPS $0.32.
  - Period: Q4-22
  - Revenue: $239,433
  - Net income: $55,311
  - EPS: $0.32
  - Result: reported results
  source text: 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: Q4-22 $239,433 $55,311 $0.32 $0.27 Prior year’s quarter: Q4-21 $244,065 $53,535 $0.30 $0.30 Change: Q4-21 to Q4-22 (2)% 3% 7% (10)% Prior quarter: Q3-22 $209,622 $33,980 $0.19 $0.21 Change:
  evidence_url: https://www.sec.gov/Archives/edgar/data/851205/000115752323000296/0001157523-23-000296-index.htm
- Executive change
  Theodor Krantz retired as director at COGNEX CORP.
  - Action: retired
  - Role: director
  source text: Directors Theodor Krantz and Patrick Alias each informed the Company of his decision to retire from the Company’s Board, effective May 3, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/851205/000115752323000296/0001157523-23-000296-index.htm
- Executive change
  Patrick Alias retired as director at COGNEX CORP.
  - Action: retired
  - Role: director
  source text: Directors Theodor Krantz and Patrick Alias each informed the Company of his decision to retire from the Company’s Board, effective May 3, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/851205/000115752323000296/0001157523-23-000296-index.htm
- Executive change
  Angelos Papadimitriou was appointed as director at COGNEX CORP.
  - Action: appointed
  - Role: director
  source text: The Board appointed Mr. Papadimitriou, effective February 17, 2023, to serve in accordance with the bylaws of the Company and until his successor is duly elected and qualified.
  evidence_url: https://www.sec.gov/Archives/edgar/data/851205/000115752323000296/0001157523-23-000296-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.