Cognex Q4 2023 Earnings Report

Cognex EPS Results

• Actual EPS: $0.11
• Consensus EPS: $0.07
• Beat/Miss: Beat by +$0.04
• One Year Ago EPS: $0.27

Cognex Revenue Results

• Actual Revenue: $196.70 million
• Expected Revenue: $189.16 million
• Beat/Miss: Beat by +$7.54 million
• YoY Revenue Growth: -17.80%

Cognex Announcement Details

• Quarter: Q4 2023
• Date: 2/15/2024
• Time: Before Market Opens

Cognex (NASDAQ:CGNX) provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process. The company offers VisionPro software, a suite of patented vision tools for advanced programming; QuickBuild that allows customers to build vision applications with a graphical, flowchart-based programming interface; and Cognex deep learning vision software. It also provides a range of inspection tasks, including part location, identification, measurement, assembly verification, and robotic guidance; vision sensors for vision applications, such as checking the presence and size of parts; and the In-Sight product line of vision systems and sensors. In addition, the company offers DataMan, an image-based barcode readers and barcode verifiers. It sells its products to automotive, logistics, consumer electronics, medical-related, semiconductor, consumer products, food and beverage, and others, as well as through a network of distributors and integrators. The company was incorporated in 1981 and is headquartered in Natick, Massachusetts.