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AI brief of an SEC Form 8-K · Cognex (CGNX)

Cognex Q4 revenue falls 18% and net income drops 80% from a year earlier

Negative Impact 4 of 5 earnings Written later

Cognex reported fourth-quarter 2023 revenue of $196.7 million, down 18% from the prior-year quarter, and net income of $11.2 million, down 80%. Full-year 2023 revenue was $837.5 million, down 17%, and net income was $113.2 million, down 47%. The company also gave a first-quarter 2024 revenue range of $190 million to $205 million and declared a quarterly dividend of $0.075 per share.

Key points

  • Q4 2023 diluted EPS was $0.07 versus $0.32 in Q4 2022; adjusted diluted EPS was $0.11 versus $0.28
  • Full-year 2023 diluted EPS was $0.65 versus $1.23 in 2022; adjusted diluted EPS was $0.73 versus $1.33
  • Q1 2024 revenue guidance is $190 million to $205 million, with Moritex expected to contribute 6-8% of revenue
  • Quarterly dividend of $0.075 per share is payable March 14, 2024, to holders of record on February 29, 2024

The filing

CompanyCognex (CGNX)
Form8-K, current report
Filed with the SECFeb 15, 2024, 6:09 AM ET
Accession number0000851205-24-000025

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 15, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.