Filing Flows › Cognex (CGNX) › Q3 2026 › vs Q2 2026
Cognex (CGNX) Q3 2026 vs Q2 2026 (quarter over quarter)
Cognex's revenue rose $22.1M (+8%) from $291M in Q2 2026 to $313M in Q3 2026. The biggest changes: Standard products and services (1) +$19.3M (+8%); Application-specific customer solutions +$2.9M (+6%). Gross margin 70.8% against 70.6% (+0.1 pts).
Cognex, Q3 2026: revenue $313M (+13% year over year), operating margin 32.2%, net earnings $84.8M, operating cash flow $106M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 70.8% | 70.6% | +0.1 pts |
| Operating margin | 32.2% | 29.4% | +2.8 pts |
| Net margin | 27.1% | 25.0% | +2.1 pts |
| Free cash flow margin | 33.1% | 23.2% | +9.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Standard products and services (1) | $266M | $247M | $19.3M | +8% |
| Application-specific customer solutions | $47.0M | $44.2M | $2.9M | +6% |
| Revenue | $313M | $291M | $22.1M | +8% |
| Gross profit | $222M | $206M | $16.0M | +8% |
| Cost of revenue | $91.6M | $85.5M | $6.2M | +7% |
| Other income, net | $2.5M | $3.8M | −$1.3M | -35% |
| Operating profit | $101M | $85.5M | $15.3M | +18% |
| Operating expenses | $121M | $120M | $665K | +0.6% |
| Pre-tax earnings | $103M | $89.3M | $14.0M | +16% |
| Research & development | $33.9M | $32.4M | $1.5M | +5% |
| SG&A | $87.0M | $87.9M | −$841K | -1% |
| Net earnings | $84.8M | $72.8M | $12.1M | +17% |
| Income tax | $18.5M | $16.5M | $1.9M | +12% |
| Depreciation & amortization | $6.8M | $6.9M | −$60K | -0.9% |
| Share-based compensation | $11.1M | $11.2M | −$66K | -0.6% |
| Working capital & other | $3.6M | −$21.7M | $25.3M | — |
| Operating cash flow | $106M | $69.2M | $37.3M | +54% |
| Free cash flow (OCF − capex) | $104M | $67.6M | $36.2M | +53% |
| Capital expenditures | $2.6M | $1.5M | $1.1M | +72% |
Questions
How much did Cognex's revenue grow quarter over quarter in Q3 2026?
Cognex's revenue rose $22.1M (+8%) from $291M in Q2 2026 to $313M in Q3 2026.
What drove Cognex's revenue change in Q3 2026?
Standard products and services (1) +$19.3M (+8%); Application-specific customer solutions +$2.9M (+6%).