Cognex

Cognex delivered record Q2 2026 revenue of $291 million, up 17% year over year (16% on constant-currency basis), driven by broad-based strength across major end markets. GAAP gross margin expanded to 70.6% from 67.4%, while operating income surged 100% to $86 million, with operating margin reaching 29.4% versus 17.4% prior year—marking the eighth consecutive quarter of margin expansion. Net income per diluted share was $0.43, up 79% year over year; adjusted EPS (diluted) was $0.45, up 80%. The company announced general availability of OneVision, an AI-powered vision platform with hundreds of customers. Cognex issued full-year 2026 guidance for strong double-digit revenue growth ($1,130–$1,150 million) and significant profitability expansion, with adjusted EBITDA margin guidance of 29–31% and adjusted EPS guidance of $1.64–$1.68.