Cognex's second quarter revenue grew 17% to a record $291M, while adjusted EBITDA margin expanded to 32.2%.

Cognex reported record second quarter 2026 revenue of $291.3 million, an increase of 17% year-over-year, driven by broad-based strength across most major end markets. GAAP earnings per diluted share were $0.43, up 79% from $0.24 in the prior-year period, while adjusted EPS rose 80% to $0.45.

Key Highlights

• Revenue increased 17% year-over-year to a record $291.3 million, or 16% on a constant-currency basis.
• Adjusted EBITDA margin expanded by 1,150 basis points year-over-year to 32.2%, significantly beating expectations and marking the eighth consecutive quarter of margin expansion.
• The company issued full-year 2026 guidance, anticipating revenue between $1.13 billion and $1.15 billion, representing approximately 15% growth at the midpoint.
• For the third quarter of 2026, Cognex projects revenue between $300 million and $320 million, which implies 12% year-over-year growth at the midpoint.