---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001236"
form_type: "8-K"
ticker: "CGNX"
cik: "0000851205"
company_name: "COGNEX CORP"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T10:26:57.034409+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cognex Q2 revenue down 12% to $242.5M; Q3 guidance below Q2 at $180-200M

## Summary
- Revenue $242.5M, -12% YoY; net income $57.5M ($0.33 EPS) vs $58.9M ($0.34) in Q2-22.
- Non-GAAP EPS $0.32, down 22% from $0.41 in prior year.
- Q3-23 revenue guidance $180-200M, gross margin expected low-70% range; CFO cites further softening.
- Board declares $0.07/share quarterly dividend, payable Sept 1, 2023 to holders of record Aug 18.
- Balance sheet: $832M cash, no debt; $57M operating cash flow YTD; $49M stock repurchased.

## SEC filing metadata
- accession: 0001157523-23-001236
- form_type: 8-K
- ticker: CGNX
- cik: 0000851205
- company_name: COGNEX CORP
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/851205/000115752323001236/0001157523-23-001236-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/851205/000115752323001236/a53505543.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001236
- JSON: https://secwatch.observer/filing/0001157523-23-001236.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001236.txt

## Key facts
- Earnings Releases
  COGNEX CORP reported Q2-23 results: revenue 242,512, net income 57,474, EPS 0.33.
  - Period: Q2-23
  - Revenue: 242,512
  - Net income: 57,474
  - EPS: 0.33
  - 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: Q2-23 $242,512 $57,474 $0.33 $0.32 Prior year’s quarter: Q2-22 $274,628 $58,901 $0.34 $0.41 Change: Q2-23 to Q2-22 (12)% (2)% (3)% (22)% Year-to-Date Comparisons Six months ended July 2, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/851205/000115752323001236/0001157523-23-001236-index.htm
- Earnings Releases
  COGNEX CORP reported Q3-23 results: revenue 180,000,000 - 200,000,000. Guidance lowered.
  - Period: Q3-23
  - Revenue: 180,000,000 - 200,000,000
  - Guidance: lowered
  - Result: guidance update
  source text: Cognex expects Q3-23 revenue to be between $180 million and $200 million. This range represents a decrease on a sequential basis primarily driven by further softening of manufacturing investment.
  evidence_url: https://www.sec.gov/Archives/edgar/data/851205/000115752323001236/0001157523-23-001236-index.htm
- Governance Changes
  COGNEX CORP: Amended Amended and Restated By-Laws to address Rule 14a-19, proxy card color, informational/procedural requirements for shareholder proposals and nominations, special meeting request rules, board powers, exclusive forum provisions, and other ministerial updates (effective 2023-08-02).
  - Change: bylaw amendment
  - Effective: 2023-08-02
  source text: On August 2, 2023, in connection with certain recent changes to Securities and Exchange Commission rules and a periodic review of corporate governance matters, the Board of Directors (the “Board”) of the “Company approved amendments to the Company’s Amended and Restated By-Laws (as amended, the “A&R By-Laws”), effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/851205/000115752323001236/0001157523-23-001236-index.htm

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