Filing Flows › Cognex (CGNX) › Q2 2026 › vs Q2 2025
Cognex (CGNX) Q2 2026 vs Q2 2025 (year over year)
Cognex's revenue rose $42.2M (+17%) from $249M in Q2 2025 to $291M in Q2 2026. The biggest changes: Standard products and services +$31.1M (+14%); Application-specific customer solutions +$11.1M (+34%). Gross margin 70.6% against 67.4% (+3.3 pts).
Cognex, Q2 2026: revenue $291M (+17% year over year), operating margin 29.4%, net earnings $72.8M, operating cash flow $69.2M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 70.6% | 67.4% | +3.3 pts |
| Operating margin | 29.4% | 17.4% | +11.9 pts |
| Net margin | 25.0% | 16.3% | +8.7 pts |
| Free cash flow margin | 23.2% | 16.2% | +7.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Standard products and services | $247M | $216M | $31.1M | +14% |
| Application-specific customer solutions | $44.2M | $33.1M | $11.1M | +34% |
| Revenue | $291M | $249M | $42.2M | +17% |
| Gross profit | $206M | $168M | $37.9M | +23% |
| Cost of revenue | $85.5M | $81.2M | $4.3M | +5% |
| Other income, net | $3.8M | $4.6M | −$846K | -18% |
| Operating profit | $85.5M | $43.4M | $42.1M | +97% |
| Operating expenses | $120M | $124M | −$4.2M | -3% |
| Pre-tax earnings | $89.3M | $48.1M | $41.2M | +86% |
| Research & development | $32.4M | $33.1M | −$711K | -2% |
| SG&A | $87.9M | $91.3M | −$3.5M | -4% |
| Net earnings | $72.8M | $40.5M | $32.2M | +80% |
| Income tax | $16.5M | $7.6M | $9.0M | +119% |
| Depreciation & amortization | $6.9M | $8.0M | −$1.1M | -14% |
| Share-based compensation | $11.2M | $12.3M | −$1.1M | -9% |
| Working capital & other | $21.7M | $18.2M | $3.5M | +19% |
| Operating cash flow | $69.2M | $42.6M | $26.5M | +62% |
| Free cash flow (OCF − capex) | $67.6M | $40.4M | $27.2M | +67% |
| Capital expenditures | $1.5M | $2.2M | −$662K | -30% |
Questions
How much did Cognex's revenue grow year over year in Q2 2026?
Cognex's revenue rose $42.2M (+17%) from $249M in Q2 2025 to $291M in Q2 2026.
What drove Cognex's revenue change in Q2 2026?
Standard products and services +$31.1M (+14%); Application-specific customer solutions +$11.1M (+34%).