On August 14, Cognex rose 5.16% in regular trading, trading at $64.75/share, with turnover of $13.40 million. The move continues to reflect the company's strong Q2 earnings report and materially upgraded full-year outlook.
Cognex reported Q2 adjusted EPS of $0.45, beating the consensus estimate of $0.42 by 7.14% and representing an 80% year-over-year increase from $0.25 in the prior-year period. More significantly, the company raised its full-year adjusted EPS guidance to $1.64-$1.68, well above the FactSet consensus of $1.50. Full-year revenue guidance was set at $1.13B-$1.15B, also exceeding the Street estimate of $1.11B. Q2 revenue came in at $291.3 million, roughly in line with the $292.5 million estimate, reflecting continued demand recovery across its machine vision product lines serving automotive, logistics, and consumer electronics end markets.
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