Cognex (CGNX) Q3 FY2026 earnings: revenue $313 million, up 13.2% on the year

Cognex Corp. (CGNX) reported revenue of $313 million for Q3 FY2026, the quarter ended 4 October 2026, up 13.2% on the same quarter a year earlier. Net income was $85 million, up 380.2% on the year, and diluted earnings per share $0.50. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$313 million

+13.2% on the year · +7.6% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

32.2%

20.9% a year earlier

Q4 FY2024Q3 FY2026

Net income

$85 million

+380.2% on the year · +16.6% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.50

+400.0% on the year · +16.3% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 raised, 3 new.

Revenue reached a record: Revenue was $313 million, up 13% from $277 million. Excluding the one-time Commercial Partnership benefit in the prior-year quarter, revenue grew 19%.
Operating income rose 74%: Operating income was $101 million, up 74%. Operating margin was 32.2% against 20.9%, and adjusted operating margin was 34.2% against 23.2%.
Full-year guidance raised: The company issued fourth-quarter guidance and raised full-year 2026 guidance. The figures are listed in the guidance section.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	313	291	277	+7.6%	+13.2%
Cost of revenue	91.6	85.5	89.6	+7.2%	+2.3%
Gross profit	222	206	187	+7.8%	+18.4%
Gross margin	70.8%	70.6%	67.6%
Research and development	33.9	32.4	35.1	+4.6%	-3.4%
Selling, general and administrative	87.0	87.9	94.4	-1.0%	-7.9%
Operating income	101	85.5	57.8	+17.9%	+74.5%
Operating margin	32.2%	29.4%	20.9%
Pre-tax income	103	89.3	62.9	+15.7%	+64.3%
Income tax	18.5	16.5	45.2	+11.6%	-59.1%
Effective tax rate	17.9%	18.5%	71.9%
Net income	84.8	72.8	17.7	+16.6%	+380.2%
Net margin	27.1%	25.0%	6.4%
Diluted EPS	$0.50	$0.43	$0.10	+16.3%	+400.0%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	106	69.2	87.5	+53.9%	+21.6%
Capital expenditure	2.6	1.5	1.5	+72.3%	+81.7%
Free cash flow	104	67.6	86.0	+53.5%	+20.6%
Free cash flow margin	33.1%	23.2%	31.1%
Cash from investing	292	-70.5	18.5		+1,476.5%
Cash from financing	-9.5	66.8	-37.6
Depreciation and amortisation	6.8	6.9	7.5	-0.9%	-9.5%
Share-based compensation	11.1	11.2	12.4	-0.6%	-10.2%
Buybacks	0.0	6.2	24.0
Dividends paid	14.3	14.3	13.4	+0.4%	+6.4%
Dividend per share	$0.09	$0.09	$0.08	0.0%	+6.3%
Diluted shares, weighted	171m	170m	169m	+0.6%	+1.0%
Shares outstanding at period end	168m	168m	168m	+0.1%	+0.5%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	1,721	1,630	1,490	+5.6%	+15.6%
Debt	0.0	0.0	0.0
Operating lease liabilities	58.0	60.2	68.3	-3.6%	-15.0%
Other liabilities	497	489	445	+1.6%	+11.7%
Total liabilities and equity	2,276	2,179	2,003	+4.5%	+13.7%
Fixed assets	79.7	81.5	89.9	-2.1%	-11.3%
Goodwill	386	381	392	+1.2%	-1.5%
Intangible assets	63.3	64.5	86.8	-1.8%	-27.0%
Investments	151	452	354	-66.6%	-57.3%
Cash and equivalents	695	303	246	+129.6%	+182.5%
Receivables	217	216	155	+0.2%	+40.2%
Inventory	158	143	144	+10.9%	+10.3%
Other assets	526	537	535	-2.1%	-1.7%
Total assets	2,276	2,179	2,003	+4.5%	+13.7%

Questions

What was Cognex's revenue in Q3 FY2026?

Cognex (CGNX) reported revenue of $313 million for Q3 FY2026, the quarter ended 4 October 2026, up 13.2% on the same quarter a year earlier.

How much did Cognex earn in Q3 FY2026?

Net income for Q3 FY2026 was $85 million, up 380.2% on the year, and diluted earnings per share $0.50.

When did Cognex report Q3 FY2026 results?

Cognex filed its 10-Q for the quarter ended 4 October 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	244	282	275	210	239	201	243	197	197	211	239	235	230	216	249	277	252	268	291	313
Cost of revenue	69.1	78.8	78.1	57.4	69.9	57.4	62.8	54.5	61.6	68.9	72.7	75.3	71.8	71.7	81.2	89.6	86.4	77.5	85.5	91.6
Gross profit	175	204	196	152	170	144	180	143	135	142	167	159	158	144	168	187	166	191	206	222
Gross margin	72%	72%	72%	73%	71%	71%	74%	72%	69%	67%	70%	68%	69%	67%	67%	68%	66%	71%	71%	71%
R&D	35.5	36.1	34.0	34.0	37.1	38.5	33.6	32.6	34.7	37.1	35.0	35.2	32.5	34.7	33.1	35.1	36.1	37.0	32.4	33.9
SG&A	83.0	80.8	80.0	75.4	76.0	83.0	83.4	82.3	90.4	90.6	93.2	92.6	94.5	83.5	91.3	94.4	94.6	94.0	87.9	87.0
Operating income	56.5	86.7	65.1	40.0	54.3	22.2	65.2	30.6	12.7	14.2	38.5	31.6	30.8	26.1	43.4	57.8	35.3	59.9	85.5	101
Operating margin	23%	31%	24%	19%	23%	11%	27%	16%	6%	7%	16%	13%	13%	12%	17%	21%	14%	22%	29%	32%
Pre-tax income	57.9	87.7	64.4	39.3	59.2	26.2	67.8	27.0	14.4	17.6	41.6	36.6	35.8	27.8	48.1	62.9	44.1	61.8	89.3	103
Tax rate	8%	23%	9%	14%	7%	2%	15%	30%	22%	32%	13%	19%	21%	15%	16%	72%	26%	16%	19%	18%
Net income	53.5	67.3	58.9	34.0	55.3	25.6	57.5	18.9	11.2	12.0	36.2	29.6	28.3	23.6	40.5	17.7	32.7	51.7	72.8	84.8
Net margin	22%	24%	21%	16%	23%	13%	24%	10%	6%	6%	15%	13%	12%	11%	16%	6%	13%	19%	25%	27%
Diluted EPS	$0.30	$0.38	$0.34	$0.19	$0.32	$0.15	$0.33	$0.11	$0.06	$0.07	$0.21	$0.17	$0.16	$0.14	$0.24	$0.10	$0.19	$0.31	$0.43	$0.50
Operating cash flow	55.2	49.5	44.1	83.5	66.3	27.6	29.8	41.0	14.5	13.6	27.8	56.3	51.4	40.5	42.6	87.5	74.9	45.1	69.2	106
Capital expenditure	4.8	4.6	6.7	4.4	4.1	5.5	4.7	5.9	7.0	4.1	4.5	4.4	2.1	2.5	2.2	1.5	2.6	2.8	1.5	2.6
Free cash flow	50.4	44.9	37.4	79.2	62.2	22.0	25.1	35.2	7.5	9.6	23.3	51.9	49.3	38.0	40.4	86.0	72.3	42.3	67.6	104
Buybacks	113	130	23.9	24.1	25.9	24.2	25.0	10.5	20.2	9.3	10.5	4.0	43.2	102	0.0	24.0	25.0	99.0	6.2	0.0
Dividends paid	11.5	11.3	11.3	11.3	12.1	12.1	12.1	12.0	12.9	12.9	12.9	12.9	13.7	13.6	13.4	13.4	14.2	14.2	14.3	14.3
Shares outstanding	175m	174m	173m	173m	173m	173m	172m	172m	172m	172m	172m	172m	170m	168m	168m	168m	167m	167m	168m	168m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 4 October 2026, filed 5 November 2026: the filing.