Filing Flows › Cognex (CGNX) › Q2 2025
Cognex (CGNX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Cognex (CGNX) reported revenue of $249M for the second quarter 2025 (Q2 2025), +4% from a year earlier and +15% from the quarter before. Operating margin was 17.4%, net earnings $40.5M (16.3% of revenue).
Cognex, Q2 2025: revenue $249M (+4% year over year), operating margin 17.4%, net earnings $40.5M, operating cash flow $42.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $249M | +15% | +4% |
| Gross profit | $168M | +16% | +0.8% |
| Operating profit | $43.4M | +66% | +13% |
| Net earnings | $40.5M | +72% | +12% |
| Operating cash flow | $42.6M | +5% | +54% |
| Free cash flow | $40.4M | +6% | +74% |
What changed
Revenue was $249.1M in Q2 2025, up 4% year over year and up 15% from the previous quarter. Standard products and services was the largest line at 87% of revenue. Standard products and services added $15.2M year over year (up 8%), 155% of the total change. Application-specific customer solutions declined 14%.
Gross margin was 67.4%, down 2.2 points from a year earlier. Operating profit was $43.4M, a 17.4% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 51% reached operating profit, above the 16% margin then. Operating expenses fell 3% while revenue rose 4%. Net earnings were $40.5M, up 12% year over year. The effective tax rate was 15.7%.
Operating cash flow was $42.6M (up 54% year over year), 105% of net earnings. Non-cash charges added back $8.0M of depreciation and amortization and $12.3M of share-based compensation. Working capital and other items used $18.2M. Capital expenditures of $2.2M left free cash flow of $40.4M.
Questions
What was Cognex's revenue in the second quarter 2025?
Cognex (CGNX) reported revenue of $249M for the second quarter 2025 (Q2 2025), +4% from a year earlier and +15% from the quarter before.
Was Cognex profitable in the second quarter 2025?
Operating profit was $43.4M (17.4% of revenue) and net earnings $40.5M.
Source: Cognex 10-Q on SEC EDGAR.