Filing Flows › Cognex (CGNX) › Q3 2025
Cognex (CGNX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Cognex (CGNX) reported revenue of $277M for the third quarter 2025 (Q3 2025), +18% from a year earlier and +11% from the quarter before. Operating margin was 20.9%, net earnings $17.7M (6.4% of revenue).
Cognex, Q3 2025: revenue $277M (+18% year over year), operating margin 20.9%, net earnings $17.7M, operating cash flow $87.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $277M | +11% | +18% |
| Gross profit | $187M | +12% | +17% |
| Operating profit | $57.8M | +33% | +83% |
| Net earnings | $17.7M | -56% | -40% |
| Operating cash flow | $87.5M | +105% | +55% |
| Free cash flow | $86.0M | +113% | +66% |
What changed
Revenue was $276.9M in Q3 2025, up 18% year over year and up 11% from the previous quarter. Standard products and services (1) was the largest line at 84% of revenue. Standard products and services (1) added $29.4M year over year (up 14%), 70% of the total change.
Gross margin was 67.6%, down 0.3 points from a year earlier. Operating profit was $57.8M, a 20.9% margin (up 7.4 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 13% margin then. Operating expenses grew 1% against revenue growth of 18%. Net earnings were $17.7M, down 40% year over year. The effective tax rate was 71.9%.
Operating cash flow was $87.5M (up 55% year over year), 495% of net earnings. Non-cash charges added back $7.5M of depreciation and amortization and $12.4M of share-based compensation. Working capital and other items added $49.9M. Capital expenditures of $1.5M left free cash flow of $86.0M.
Questions
What was Cognex's revenue in the third quarter 2025?
Cognex (CGNX) reported revenue of $277M for the third quarter 2025 (Q3 2025), +18% from a year earlier and +11% from the quarter before.
Was Cognex profitable in the third quarter 2025?
Operating profit was $57.8M (20.9% of revenue) and net earnings $17.7M.
Source: Cognex 10-Q on SEC EDGAR.