Cognex Q3 revenue rises 19% to $235 million; GAAP EPS $0.17 vs $0.11
Cognex reported third-quarter 2024 revenue of $235 million, up 19% from a year earlier and up 7% excluding Moritex, but down 2% from the prior quarter. GAAP diluted EPS was $0.17, up from $0.11, and adjusted diluted EPS was $0.20, up from $0.17. For the fourth quarter, the company expects revenue of $210 million to $230 million, and its board declared a quarterly dividend of $0.08 per share.
Key points
- Q3-24 revenue $235 million vs $197 million in Q3-23; sequentially down from $239 million in Q2-24
- GAAP operating income $32 million, down from $38 million in Q2-24; adjusted EBITDA $41 million, 17.6% of revenue
- Q4-24 revenue guidance of $210 million to $230 million; adjusted EBITDA margin expected between 14% and 17%
- Quarterly dividend of $0.08 per share, payable November 29, 2024, to holders of record on November 14, 2024
The filing
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 October 30, 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.