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| Date | Value |
|---|---|
| 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% |