Cognex (CGNX) Gross Margin (2009 - 2026)

Cognex (CGNX) reported Gross Margin of 71.13% for Q2 2026, up 432.0% on a YoY basis from 13.37% in Q2 2025, and up 8.19% quarter-over-quarter from 65.75% in Q4 2025.

Cognex (CGNX) Gross Margin (2009 - 2026) Analysis & Trends

Cognex has reported Gross Margin for 18 years, with the latest figure at 71.13% in Q2 2026.

  • For the quarter ending Q2 2026, Gross Margin rose 432.0% year-over-year to 71.13%; the trailing twelve-month figure through Apr 2026 stood at 68.02% (down 28.0% YoY), and the FY2025 full-year result was 66.92%, down 151.0% from the prior year.
  • Gross Margin for Q2 2026 stood at 71.13%, up from 65.75% in the prior quarter.
  • The five-year high for Gross Margin was 74.09% in Q3 2023, with the low at 65.75% in Q4 2025.
  • Historically, Gross Margin has averaged 69.77% across 5 years, with a median of 69.62% in 2024.
  • Annual changes were most pronounced in 2022 — Gross Margin plunged 529 bps — and 2026, when it soared 432 bps.
  • Cognex's Gross Margin stood at 70.82% in 2022, then retreated by 3 bps to 68.67% in 2023, then grew by 0 bps to 68.73% in 2024, then decreased by 4 bps to 65.75% in 2025, then gained by 8 bps to 71.13% in 2026.
  • The last three Gross Margin figures came in at 71.13% (Q2 2026), 65.75% (Q4 2025), and 67.64% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Coherent 67.67 Bn 66.37 Bn 679.95 Mn 37.66%
2 Keysight Technologies 57.00 Bn 54.83 Bn 995.00 Mn 62.19%
3 Garmin 45.82 Bn 43.12 Bn 1.04 Bn 59.44%
4 Teledyne Technologies 28.64 Bn 28.34 Bn 673.80 Mn 43.19%
5 Mks 21.67 Bn 21.10 Bn 507.00 Mn 47.03%
6 Fortive 19.42 Bn 19.07 Bn 675.50 Mn 63.17%
7 Trimble 12.42 Bn 12.19 Bn 646.30 Mn 68.76%
8 Cognex 10.23 Bn 9.94 Bn 190.94 Mn 71.13%
9 Esco Technologies 7.86 Bn 7.77 Bn 131.32 Mn 42.45%
10 Sensata Technologies Holding 7.28 Bn 6.64 Bn 286.30 Mn 30.63%

Historic Data

Download Data
DateValue
Apr 5, 2026 71.13%
Dec 31, 2025 65.75%
Sep 28, 2025 67.64%
Jun 29, 2025 67.39%
Mar 30, 2025 66.81%
Dec 31, 2024 68.73%
Sep 29, 2024 67.90%
Jun 30, 2024 69.62%
Mar 31, 2024 67.33%
Dec 31, 2023 68.67%
Oct 1, 2023 72.39%
Jul 2, 2023 74.09%
Apr 2, 2023 71.47%
Dec 31, 2022 70.82%
Oct 2, 2022 72.63%
Jul 3, 2022 71.55%
Apr 3, 2022 72.10%
Dec 31, 2021 71.70%
Oct 3, 2021 69.91%
Jul 4, 2021 74.58%