Filing Flows › Cognex (CGNX) › Q1 2026
Cognex (CGNX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Cognex (CGNX) reported revenue of $268M for the first quarter 2026 (Q1 2026), +24% from a year earlier and +6% from the quarter before. Operating margin was 22.3%, net earnings $51.7M (19.3% of revenue).
Cognex, Q1 2026: revenue $268M (+24% year over year), operating margin 22.3%, net earnings $51.7M, operating cash flow $45.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $268M | +6% | +24% |
| Gross profit | $191M | +15% | +32% |
| Operating profit | $59.9M | +70% | +129% |
| Net earnings | $51.7M | +58% | +119% |
| Operating cash flow | $45.1M | -40% | +11% |
| Free cash flow | $42.3M | -41% | +11% |
What changed
Revenue was $268.4M in Q1 2026, up 24% year over year and up 6% from the previous quarter. Standard products and services was the largest line at 95% of revenue. Standard products and services added $49.9M year over year (up 24%), 95% of the total change.
Gross margin was 71.1%, up 4.3 points from Q1 2025. Operating profit was $59.9M, a 22.3% margin (up 10.2 points year over year). Of the extra revenue versus Q1 2025, 64% reached operating profit, above the 12% margin then. Operating expenses grew 11% against revenue growth of 24%. The fastest-growing cost line was SG&A (+13%). Net earnings were $51.7M, up 119% year over year. The effective tax rate was 16.3%.
Operating cash flow was $45.1M (up 11% year over year), 87% of net earnings. Non-cash charges added back $7.2M of depreciation and amortization and $11.9M of share-based compensation. Working capital and other items used $25.8M. Capital expenditures of $2.8M left free cash flow of $42.3M.
Questions
What was Cognex's revenue in the first quarter 2026?
Cognex (CGNX) reported revenue of $268M for the first quarter 2026 (Q1 2026), +24% from a year earlier and +6% from the quarter before.
Was Cognex profitable in the first quarter 2026?
Operating profit was $59.9M (22.3% of revenue) and net earnings $51.7M.
Source: Cognex 10-Q on SEC EDGAR.