Cognex Q3 revenue down 6% to $197M; EPS $0.11 vs $0.19; acquires Moritex for ~$270M

COGNEX CORP

2023-Q3 EPS reported $0.59 revenue$640,877,000

Revenue $197.2M, down 6% YoY; GAAP EPS $0.11 vs $0.19; Non-GAAP EPS $0.16 vs $0.21.
Consumer electronics and semiconductor markets weak; business conditions remain difficult.
Acquisition of Moritex closed Oct 18 for ¥40B (~$270M), expanding served market by ~$1.5B.
Q4 guidance: revenue $175M-$195M, non-GAAP gross margin ~70%, one-time charges ~$15M.
Dividend declared $0.075/share payable Dec 1, 2023, record Nov 17.

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 0.95

COGNEX CORP reported Q4 2023 results: revenue $175 million and $195 million. Guidance reaffirmed.

Period: Q4 2023
Revenue: $175 million and $195 million
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Cognex expects revenue to be between $175 million and $195 million. This includes an expected $5 million to $7 million for approximately six weeks of revenue from Moritex Corporation. This range is relatively consistent on a sequential basis with Q3-23, reflecting the difficult business environment that Cognex is currently experiencing.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

COGNEX CORP reported the third quarter of 2023 results: revenue $197,241, net income $18,916, EPS $0.11.

Period: the third quarter of 2023
Revenue: $197,241
Net income: $18,916
EPS: $0.11
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: Q3-23 $197,241 $18,916 $0.11 $0.16 Prior year’s quarter: Q3-22 $209,622 $33,980 $0.19 $0.21 Change: Q3-23 to Q3-22 (6)% (44)% (42)% (24)% Year-to-Date Comparisons Nine months ended Oct. 1, 2023

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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 0001157523-23-001581

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