Cognex Q1 revenue $201M, down 29% YoY; EPS $0.15; guides Q2 $225-245M

COGNEX CORP

2023-Q1 EPS reported $0.15 revenue$201,124,000

Revenue $201.1M, -29% YoY; GAAP diluted EPS $0.15 vs $0.38.
Non-GAAP diluted EPS $0.13, -69% YoY; gross margin 71% (below mid-70% target).
Q2 guidance: revenue $225-245M; gross margin expected to return to mid-70%.
Board declared $0.07 quarterly dividend, payable June 2 to holders of record May 19.
Cash and investments $844M, no debt; $28M operating cash flow; repurchased $24M stock.

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 first quarter of 2023 results: revenue $201,124, net income $25,615, EPS $0.15.

Period: first quarter of 2023
Revenue: $201,124
Net income: $25,615
EPS: $0.15
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: Q1-23 $201,124 $25,615 $0.15 $0.13 Prior year’s quarter: Q1-22 $282,407 $67,333 $0.38 $0.42 Change: Q1-23 to Q1-22 (29)% (62)% (61)% (69)% *Non-GAAP net income per diluted share excludes

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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 0001157523-23-000715

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