secwatch.observer — SEC 8-K summary
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Issuer:     COGNEX CORP (CGNX)
CIK:        0000851205
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001157523-23-001581
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851205/000115752323001581/0001157523-23-001581-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851205/000115752323001581/a53709637.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001581

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer