secwatch.observer — SEC 8-K summary
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Issuer:     COGNEX CORP (CGNX)
CIK:        0000851205
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001157523-23-001236
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851205/000115752323001236/0001157523-23-001236-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851205/000115752323001236/a53505543.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001236

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