Filing Flows › Cognex (CGNX) › How it makes money
How Cognex (CGNX) makes money
Cognex (CGNX) made $313M of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Standard products and services (1) brought in $266M (85%); Application-specific customer solutions brought in $47.0M (15%). Of every dollar of revenue, 71¢ was left as gross profit, 32¢ was left as operating profit, 27¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Standard products and services (1) | $266M | 85.0% | +8% | +15% |
| Application-specific customer solutions | $47.0M | 15.0% | +6% | +6% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $313M | 100.0% |
| Cost of revenue | $91.6M | 29.2% |
| Gross profit | $222M | 70.8% |
| Operating expenses | $121M | 38.6% |
| Operating profit | $101M | 32.2% |
| Income tax | $18.5M | 5.9% |
| Net earnings | $84.8M | 27.1% |
| Operating cash flow | $106M | 34.0% |
| Free cash flow | $104M | 33.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $313M | +13% |
| Q2 2026 | $291M | +17% |
| Q1 2026 | $268M | +24% |
| Q4 2025 | $252M | +10% |
| Q3 2025 | $277M | +18% |
| Q2 2025 | $249M | +4% |
| Q1 2025 | $216M | +2% |
From Cognex's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Cognex make money?
Cognex (CGNX) made $313M of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Standard products and services (1) brought in $266M (85%); Application-specific customer solutions brought in $47.0M (15%). Of every dollar of revenue, 71¢ was left as gross profit, 32¢ was left as operating profit, 27¢ was left as net earnings.
What is Cognex's biggest business?
Standard products and services (1): $266M in the third quarter 2026, 85% of revenue, +15% from a year earlier.
What is Cognex's profit margin?
Net earnings were $84.8M, 27.1% of revenue, in the third quarter 2026; the operating margin was 32.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.