Cognex

Cognex

Provides machine vision systems for manufacturing

About Cognex

Simplify's Rating
Why Cognex is rated
A
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Robotics & Automation

Industrial & Manufacturing

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Natick, Massachusetts

Founded

1981

Overview

Cognex provides machine vision systems, software, and sensors that help automate manufacturing processes. Their products allow machines to interpret visual data, enabling them to perform tasks like quality control and efficiency improvements at a speed and accuracy that surpasses human capabilities. Unlike many competitors, Cognex focuses on a wide range of industries, including automotive and electronics, and emphasizes a strong corporate culture that encourages creativity and collaboration among its skilled workforce. The company's goal is to enhance manufacturing precision and efficiency while reducing production costs for its clients.

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Simplify's Take

What believers are saying

  • Growing demand in logistics boosts Cognex's advanced barcode reader sales.
  • Semiconductor industry growth offers opportunities for Cognex's machine vision solutions.
  • Electric vehicle manufacturing increases demand for Cognex's battery inspection technology.

What critics are saying

  • Emerging AI startups pose a threat to Cognex's market share.
  • Global semiconductor shortage may delay Cognex's product deliveries.
  • Weak automotive industry demand could reduce Cognex's sales in this sector.

What makes Cognex unique

  • Cognex is a leader in machine vision with over 4.5 million products shipped.
  • The company offers AI-powered barcode readers, enhancing its industrial automation solutions.
  • Cognex's unique corporate culture fosters innovation and attracts top talent.

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Funding

Total Funding

$210k

Above

Industry Average

Funded Over

1 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Remote Work Options

Flexible Work Hours

Company News

Investing.com
Mar 12th, 2025
Cognex corp's CTO Joerg Kuechen sells shares worth $263,468

In a strategic move, Cognex appointed Matthew Moschner as President and COO, aiming to strengthen its leadership structure.

PR Newswire
Mar 6th, 2025
Cognex To Present At The Cantor Fitzgerald Global Technology Conference

NATICK, Mass., March 6, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today announced that Dennis Fehr, Senior Vice President of Finance and Chief Financial Officer of Cognex, will present at the 2025 Cantor Fitzgerald Global Technology Conference on Wednesday, March 12, 2025, beginning at 10:00 a.m. Eastern Daylight Time.Users can listen to a real-time audio broadcast, or an archived recording, on the Events & Presentations section of the Cognex Investor Relations website: http://www.cognex.com/investor.About Cognex CorporationCognex Corporation ("the Company" or "Cognex") invents and commercializes technologies that address some of the most critical manufacturing and distribution challenges. We are a leading global provider of machine vision products and solutions that improve efficiency and quality in high-growth-potential businesses across attractive industrial end markets. Our solutions blend physical products and software to capture and analyze visual information, allowing for the automation of manufacturing and distribution tasks for customers worldwide. Machine vision products are used to automate the manufacturing or distribution and tracking of discrete items, such as mobile phones, electric vehicle batteries and e-commerce packages, by locating, identifying, inspecting, and measuring them. Machine vision is important for applications in which human vision is inadequate to meet requirements for size, accuracy, or speed, or in instances where substantial cost savings or quality improvements are maintained.Cognex is the world's leader in the machine vision industry, having shipped more than 4.5 million image-based products, representing over $11 billion in cumulative revenue, since the company's founding in 1981

Machine Design
Feb 24th, 2025
Cognex Showcased a Range of Inspection Equipment at MD&M West, including its Next-Gen Barcode Reader

At MD&M West, which was held Feb. 4-7 in Anaheim, Calif., Eric Hershberger, principal applications engineer for Cognex Corporation, showed Machine Design the company's range of inspection equipment.

PR Newswire
Feb 12th, 2025
Cognex Reports Fourth Quarter 2024 Results

NATICK, Mass., Feb. 12, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today reported financial results for the fourth quarter and full year 2024. Table 1 below shows selected financial data for Q4-24 and the full year 2024 compared with Q4-23 and the full year 2023. "Cognex delivered strong results in the fourth quarter, with revenue at the high end of our guidance range.  Growth was driven by continued momentum in our Logistics and Semiconductor businesses, including accelerated demand late in the quarter. Across most of our other factory automation end markets, demand remains soft but stable, while Automotive remains very weak," said Robert J. Willett, CEO

PR Newswire
Feb 12th, 2025
Cognex Declares Quarterly Cash Dividend

NATICK, Mass., Feb. 12, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX) today announced that the company's Board of Directors declared a quarterly cash dividend of $0.08 per share, payable on March 13, 2025 to all shareholders of record at the close of business on February 27, 2025.About CognexCognex Corporation ("the Company" or "Cognex") invents and commercializes technologies that address some of the most critical manufacturing and distribution challenges. We are a leading global provider of machine vision products and solutions that improve efficiency and quality in high-growth-potential businesses across attractive industrial end markets. Our solutions blend physical products and software to capture and analyze visual information, allowing for the automation of manufacturing and distribution tasks for customers worldwide. Machine vision products are used to automate the manufacturing or distribution and tracking of discrete items, such as mobile phones, electric vehicle batteries and e-commerce packages, by locating, identifying, inspecting, and measuring them. Machine vision is important for applications in which human vision is inadequate to meet requirements for size, accuracy, or speed, or in instances where substantial cost savings or quality improvements are maintained.Cognex is the world's leader in the machine vision industry, having shipped more than 4.5 million image-based products, representing over $11 billion in cumulative revenue, since the company's founding in 1981

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