---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000715"
form_type: "8-K"
ticker: "CGNX"
cik: "0000851205"
company_name: "COGNEX CORP"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:46:11.070900+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-000715
- form_type: 8-K
- ticker: CGNX
- cik: 0000851205
- company_name: COGNEX CORP
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/851205/000115752323000715/0001157523-23-000715-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/851205/000115752323000715/a53392890.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000715
- JSON: https://secwatch.observer/filing/0001157523-23-000715.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000715.txt

## Key facts
- Earnings Releases
  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
  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: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/851205/000115752323000715/0001157523-23-000715-index.htm

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