0000851205-26-000012
SEC filingCognex Corporation reported strong financial results for the fiscal year ended December 31, 2025, demonstrating solid operational execution. The company generated total revenue of $994.4 million, resulting in a gross profit of $665.4 million. Operating income for the period was $162.6 million, reflecting effective cost management alongside research and development expenses of $139.0 million and selling, general, and administrative expenses of $363.9 million. Net income attributable to Cognex Corporation totaled $114.4 million, translating to diluted earnings per share of $1.00. The balance sheet remains robust, with total assets of $2.02 billion and total shareholders’ equity of $1.49 billion. The company maintained a healthy liquidity position with $262.9 million in cash and cash equivalents and $74.0 million in current investments. Cash flow from operations was particularly strong at $245.5 million, enabling significant capital returns to shareholders through $151.2 million in common stock repurchases and $54.6 million in dividend payments during the fiscal year.
For the fiscal year ended December 31, 2025, Cognex Corporation delivered solid financial performance. The company recorded total revenue of $994.4 million. Gross profit for the period was $665.4 million. After accounting for operating expenses, including $139.0 million in research and development and $363.9 million in selling, general, and administrative costs, the company achieved an operating income of $162.6 million. Net income finished the year at $114.4 million, resulting in diluted earnings per share of $1.00. The effective tax rate was reflected in an income tax expense of $68.4 million on pre-tax income of $182.8 million.
The financial statements report total revenue of $994.4 million for the fiscal year. The cost of revenue was reported at $329.0 million. The provided XBRL data and document content do not contain a detailed breakdown of revenue by specific operating segments, geographic regions, or product lines. Consequently, a granular analysis of specific growth drivers or regional mix is not available based solely on the provided figures. The company also recognized $16.9 million in investment income and $7.4 million in other income during the period.
Cognex demonstrated strong profitability metrics for the fiscal year. The company achieved a gross margin of approximately 66.9%, calculated as gross profit of $665.4 million divided by revenue of $994.4 million. The operating margin stood at 16.4%, derived from operating income of $162.6 million. Total operating expenses were $502.9 million, comprising research and development costs of $139.0 million and selling, general, and administrative expenses of $363.9 million. There were no material losses from fire reported in this period.
The company maintains a robust financial position. Cash flow from operating activities was strong at $245.5 million. Capital expenditures for property, plant, and equipment were $8.7 million, resulting in a free cash flow of approximately $236.8 million. On the balance sheet, total assets were $2.02 billion, supported by total shareholders’ equity of $1.49 billion. Liquidity is solid with $262.9 million in cash and cash equivalents and $74.0 million in current investments. Total current liabilities were $183.6 million, indicating a healthy current ratio.
The provided financial data and document content do not contain specific forward-looking statements, management guidance, or strategic priorities regarding future fiscal periods. While the company demonstrated strong cash generation and returned significant capital to shareholders through $151.2 million in stock repurchases and $54.6 million in dividends, specific guidance for the upcoming fiscal year is not disclosed in the provided text.