Cognex (CGNX) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, February 12, 2026 astatine 10:41 AM CST 50 min read

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Thursday, Feb. 12, 2026 astatine 8:30 a.m. ET

• President and Chief Executive Officer — Matt Moschner

• Chief Financial Officer — Dennis Fehr

Matt Moschner: 2025 marked a instrumentality to profitable maturation for Cognex Corporation. With changeless currency gross maturation of 8% twelvemonth implicit year, and adjusted EPS maturation of 38%. We built momentum passim the twelvemonth advancing our strategical objectives portion staying focused connected semipermanent worth creation. Logistics continued to present dependable growth, on with beardown year-end spending crossed galore of our mill automation extremity markets. Let america commencement with an update connected our strategy. Turning to leafage 4 of our net presentation. We made large advancement successful 2025 against each of our 3 superior strategical objectives. First, we stay committed to starring successful AI for concern instrumentality vision.

With astir a decennary of acquisition successful this area, we are gathering cutting-edge tools that unlock caller applications and dramatically simplify the idiosyncratic experience. With our endowment and proven way grounds of delivering breakthrough technology, we are uniquely positioned to triumph successful the AI era. During 2025, we introduced respective transformative capabilities that fortify our AI exertion leadership. In January, we introduced the DataMan 290, helping america triumph stock successful the competitory ID mill automation marketplace with caller AI-enabled auto-setup and precocious codification filtering. In March, we launched our In-Sight 8,900, which brings the powerfulness of embedded AI to OEM customers.

In June, we announced OneVision, bringing heavy learning and borderline learning unneurotic connected a azygous unreality level and creating caller models deployable to embedded systems astatine the edge. And successful October, we introduced SLX, our caller solutions acquisition merchandise enactment that brings our latest AI imaginativeness tools to logistics customers. These merchandise launches fortify our presumption wrong $3.2 cardinal of our $7.0 cardinal served market, utilizing cutting-edge AI capabilities to present greater worth for customers and, successful the process, summation marketplace share. Second, we stay focused connected delivering the champion lawsuit acquisition successful our industry. Our committedness spans the afloat lawsuit beingness cycle, from archetypal engagement done post-sales support.

Examples of investments successful this country see caller AI-powered chat assistance connected our website, which tin reply questions faster, centralizing lawsuit enactment materials to alteration self-service, standardizing the idiosyncratic interface plan crossed much of our imaginativeness products, and offering enhanced 24/7 method support. Third, we purpose to treble our lawsuit basal wrong 5 years. We expect to execute this by continuing to beforehand our Salesforce translation alongside investments successful improved pb procreation tools, specified arsenic a caller cognex.com website, I volition sermon successful much item momentarily. This multipronged attack is already yielding beardown results arsenic we acquired astir 9,000 caller lawsuit accounts successful 2025, 3 times the complaint of caller accounts added successful 2024.