Filing Flows › Cognex (CGNX) › Q1 2025
Cognex (CGNX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Cognex (CGNX) reported revenue of $216M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -6% from the quarter before. Operating margin was 12.1%, net earnings $23.6M (10.9% of revenue).
Cognex, Q1 2025: revenue $216M (+2% year over year), operating margin 12.1%, net earnings $23.6M, operating cash flow $40.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $216M | -6% | +2% |
| Gross profit | $144M | -9% | +2% |
| Operating profit | $26.1M | -15% | +84% |
| Net earnings | $23.6M | -17% | +96% |
| Operating cash flow | $40.5M | -21% | +197% |
| Free cash flow | $38.0M | -23% | +297% |
What changed
Revenue was $216.0M in Q1 2025, up 2% year over year and down 6% from the previous quarter. Standard products and services was the largest line at 95% of revenue. Standard products and services added $16.9M year over year (up 9%), 322% of the total change. Application-specific customer solutions declined 50%.
Gross margin was 66.8%, down 0.5 points from a year earlier. Operating profit was $26.1M, a 12.1% margin (up 5.3 points year over year). Of the extra revenue versus a year earlier, 227% reached operating profit, above the 7% margin then. Operating expenses fell 7% while revenue rose 2%. Net earnings were $23.6M, up 96% year over year. The effective tax rate was 15.1%.
Operating cash flow was $40.5M (up 197% year over year), 172% of net earnings. Non-cash charges added back $7.9M of depreciation and amortization and $9.9M of share-based compensation. Capital expenditures of $2.5M left free cash flow of $38.0M.
Questions
What was Cognex's revenue in the first quarter 2025?
Cognex (CGNX) reported revenue of $216M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -6% from the quarter before.
Was Cognex profitable in the first quarter 2025?
Operating profit was $26.1M (12.1% of revenue) and net earnings $23.6M.
Source: Cognex 10-Q on SEC EDGAR.