Filing Flows › Cognex (CGNX) › Q3 2026 › vs Q3 2025
Cognex (CGNX) Q3 2026 vs Q3 2025 (year over year)
Cognex's revenue rose $36.5M (+13%) from $277M in Q3 2025 to $313M in Q3 2026. The biggest changes: Standard products and services (1) +$33.7M (+15%); Application-specific customer solutions +$2.8M (+6%). Gross margin 70.8% against 67.6% (+3.1 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 70.8% | 67.6% | +3.1 pts |
| Operating margin | 32.2% | 20.9% | +11.3 pts |
| Net margin | 27.1% | 6.4% | +20.7 pts |
| Free cash flow margin | 33.1% | 31.1% | +2.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Standard products and services (1) | $266M | $233M | $33.7M | +15% |
| Application-specific customer solutions | $47.0M | $44.3M | $2.8M | +6% |
| Revenue | $313M | $277M | $36.5M | +13% |
| Gross profit | $222M | $187M | $34.5M | +18% |
| Cost of revenue | $91.6M | $89.6M | $2.0M | +2% |
| Other income, net | $2.5M | $5.1M | −$2.6M | -52% |
| Operating profit | $101M | $57.8M | $43.1M | +75% |
| Operating expenses | $121M | $130M | −$8.6M | -7% |
| Pre-tax earnings | $103M | $62.9M | $40.4M | +64% |
| Research & development | $33.9M | $35.1M | −$1.2M | -3% |
| SG&A | $87.0M | $94.4M | −$7.4M | -8% |
| Net earnings | $84.8M | $17.7M | $67.2M | +380% |
| Income tax | $18.5M | $45.2M | −$26.7M | -59% |
| Depreciation & amortization | $6.8M | $7.5M | −$713K | -9% |
| Share-based compensation | $11.1M | $12.4M | −$1.3M | -10% |
| Working capital & other | $3.6M | $49.9M | −$46.2M | -93% |
| Operating cash flow | $106M | $87.5M | $18.9M | +22% |
| Free cash flow (OCF − capex) | $104M | $86.0M | $17.7M | +21% |
| Capital expenditures | $2.6M | $1.5M | $1.2M | +82% |
Questions
How much did Cognex's revenue grow year over year in Q3 2026?
Cognex's revenue rose $36.5M (+13%) from $277M in Q3 2025 to $313M in Q3 2026.
What drove Cognex's revenue change in Q3 2026?
Standard products and services (1) +$33.7M (+15%); Application-specific customer solutions +$2.8M (+6%).