Filing Flows › Cognex (CGNX) › Q2 2026
Cognex (CGNX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Cognex (CGNX) reported revenue of $291M for the second quarter 2026 (Q2 2026), +17% from a year earlier and +9% from the quarter before. Operating margin was 29.4%, net earnings $72.8M (25.0% of revenue).
Cognex, Q2 2026: revenue $291M (+17% year over year), operating margin 29.4%, net earnings $72.8M, operating cash flow $69.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $291M | +9% | +17% |
| Gross profit | $206M | +8% | +23% |
| Operating profit | $85.5M | +43% | +97% |
| Net earnings | $72.8M | +41% | +80% |
| Operating cash flow | $69.2M | +53% | +62% |
| Free cash flow | $67.6M | +60% | +67% |
What changed
Revenue was $291.3M in Q2 2026, up 17% year over year and up 9% from the previous quarter. Standard products and services was the largest line at 85% of revenue. Standard products and services added $31.1M year over year (up 14%), 74% of the total change.
Gross margin was 70.6%, up 3.3 points from Q2 2025. Operating profit was $85.5M, a 29.4% margin (up 11.9 points year over year). Of the extra revenue versus Q2 2025, 100% reached operating profit, above the 17% margin then. Operating expenses fell 3% while revenue rose 17%. Net earnings were $72.8M, up 80% year over year. The effective tax rate was 18.5%.
Operating cash flow was $69.2M (up 62% year over year), 95% of net earnings. Non-cash charges added back $6.9M of depreciation and amortization and $11.2M of share-based compensation. Working capital and other items used $21.7M. Capital expenditures of $1.5M left free cash flow of $67.6M.
Questions
What was Cognex's revenue in the second quarter 2026?
Cognex (CGNX) reported revenue of $291M for the second quarter 2026 (Q2 2026), +17% from a year earlier and +9% from the quarter before.
Was Cognex profitable in the second quarter 2026?
Operating profit was $85.5M (29.4% of revenue) and net earnings $72.8M.
Source: Cognex 10-Q on SEC EDGAR.