---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001581"
form_type: "8-K"
ticker: "CGNX"
cik: "0000851205"
company_name: "COGNEX CORP"
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T05:16:50.525604+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-001581
- form_type: 8-K
- ticker: CGNX
- cik: 0000851205
- company_name: COGNEX CORP
- filed_at: 2023-10-31T23:59:59+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/851205/000115752323001581/0001157523-23-001581-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/851205/000115752323001581/a53709637.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001581
- JSON: https://secwatch.observer/filing/0001157523-23-001581.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001581.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/851205/000115752323001581/0001157523-23-001581-index.htm
- Earnings Releases
  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
  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: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/851205/000115752323001581/0001157523-23-001581-index.htm

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