Cognex publishes its Q2 2025 financial results
Cognex Corporation Reports Q2 2025 Financial Results
Cognex Corporation, a leading provider of machine vision and industrial AI solutions, has announced its second-quarter financial results for the period ended June 29, 2025. The company reported a strong performance, with revenue growth and improved profit margins.
Revenue for the quarter reached $249 million, marking a 4% year-over-year increase or a 3% growth on a constant-currency basis. This growth was driven by strong demand for the company's AI-powered machine vision solutions.
Operating expenses for the quarter were $124 million, a decrease of 3% compared to the same period last year. This decline was attributed to disciplined cost management. As a result, operating margin improved to 17.4%, up from 16.1% in the second quarter of 2024.
Gross margin for the quarter was 67.4%, down from 69.6% in the same period last year. This decrease was primarily due to changes in product mix and cost of goods sold.
Net income for the quarter was $41 million, an increase from $36 million in the second quarter of 2024. Net income per diluted share was $0.24, up from $0.21 in the same period last year.
Cognex Corporation also reported adjusted financial measures, including adjusted net income, adjusted earnings per share, adjusted operating income, and adjusted operating margin. These measures are calculated by adjusting for amortization of acquisition-related intangible assets, restructuring charges, reorganization charges, acquisition and integration costs, discrete tax items, tax impact on reconciling items, one-time discrete events, and other non-GAAP adjustments.
Adjusted net income for the quarter was $45 million, up from $40 million in the second quarter of 2024. Adjusted earnings per share of common stock, diluted were $0.25, an increase of 12% year over year. Adjusted operating income was $55 million, up from $49 million in the same period last year, and adjusted operating margin was 20.7%, up 80 basis points year over year.
Cognex Corporation also disclosed results on a constant-currency basis as one measure to evaluate its performance and compare results between periods as if the exchange rates had remained constant period-over-period.
During the second quarter, Cognex generated $43 million of cash from operating activities, compared to $28 million in the same period last year. The company also paid $13 million in dividends to shareholders.
In addition to its financial results, Cognex announced the launch of OneVision, a cloud platform for AI-powered Machine Vision. This platform is expected to further enhance the company's product offering and drive future growth.
Cognex Corporation believes these non-GAAP financial measures are helpful because they allow investors to more accurately compare results over multiple periods using the same methodology that management employs in its budgeting process, in its review of operating results, and for forecasting and planning for future periods.
There is no information available about a company acquiring Cognex Corporation on July 30, 2025, to report second-quarter financial results.
Overall, Cognex Corporation's second-quarter financial results demonstrate strong performance and growth potential. The company's focus on cost management, product innovation, and investor transparency positions it well for continued success in the future.
