Filing Flows › Cognex (CGNX) › Q4 2025
Cognex (CGNX) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 12, 2026
Cognex (CGNX) reported revenue of $252M for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and -9% from the quarter before. Operating margin was 14.0%, net earnings $32.7M (12.9% of revenue).
Cognex, Q4 2025: revenue $252M (+10% year over year), operating margin 14.0%, net earnings $32.7M, operating cash flow $74.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $252M | -9% | +10% |
| Gross profit | $166M | -11% | +5% |
| Operating profit | $35.3M | -39% | +14% |
| Net earnings | $32.7M | +85% | +15% |
| Operating cash flow | $74.9M | -14% | +46% |
| Free cash flow | $72.3M | -16% | +47% |
What changed
Revenue was $252.3M in Q4 2025, up 10% year over year and down 9% from the previous quarter.
Gross margin was 65.7%, down 3.0 points from a year earlier. Operating profit was $35.3M, a 14.0% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 20% reached operating profit, above the 13% margin then. Operating expenses grew 3% against revenue growth of 10%. The fastest-growing cost line was Research & development (+11%). Net earnings were $32.7M, up 15% year over year. The effective tax rate was 25.9%.
Operating cash flow was $74.9M (up 46% year over year), 229% of net earnings. Non-cash charges added back $7.3M of depreciation and amortization and $13.9M of share-based compensation. Working capital and other items added $21.0M. Capital expenditures of $2.6M left free cash flow of $72.3M.
Questions
What was Cognex's revenue in the fourth quarter 2025?
Cognex (CGNX) reported revenue of $252M for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and -9% from the quarter before.
Was Cognex profitable in the fourth quarter 2025?
Operating profit was $35.3M (14.0% of revenue) and net earnings $32.7M.
Source: Cognex 10-K on SEC EDGAR.