Cognex (CGNX) Gross Margin (2009 - 2026)
Cognex (CGNX) posted Gross Margin of 71.13% for Q2 2026, up 8.19% quarter-over-quarter from 65.75% in Q4 2025, and up 432.0% year-on-year from 13.37% in Q2 2025.
Cognex (CGNX) Gross Margin (2009 - 2026) Analysis & Trends
Cognex (CGNX) has reported Gross Margin for 18 consecutive years, with 71.13% the latest figure, recorded in Q2 2026.
- Gross Margin for Q2 2026 came in at 71.13%, up 432.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 68.02% (down 28.0% YoY), and the FY2025 annual result was 66.92%, down 151.0% from the prior year.
- Gross Margin was 71.13% for Q2 2026 at Cognex, up from 65.75% in the prior quarter.
- Over five years, Gross Margin peaked at 74.09% in Q3 2023 and troughed at 65.75% in Q4 2025.
- Average Gross Margin over 5 years is 69.77%, with a median of 69.62% recorded in 2024.
- Year-over-year, Gross Margin slumped 529 bps in 2022 and surged 432 bps in 2026.
- Over 5 years, Gross Margin stood at 70.82% in 2022, then dropped by 3 bps to 68.67% in 2023, then gained by 0 bps to 68.73% in 2024, then declined by 4 bps to 65.75% in 2025, then grew by 8 bps to 71.13% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 71.13% in Q2 2026, 65.75% in Q4 2025, and 67.64% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 3,591.32 Bn | 3,590.02 Bn | 679.95 Mn | 37.66% |
| 2 | Novanta | 69.39 Bn | 69.00 Bn | 113.58 Mn | 44.07% |
| 3 | Keysight Technologies | 57.75 Bn | 55.57 Bn | 995.00 Mn | 62.19% |
| 4 | Teledyne Technologies | 30.63 Bn | 30.33 Bn | 673.80 Mn | 43.19% |
| 5 | Fortive | 19.14 Bn | 18.79 Bn | 675.50 Mn | 63.17% |
| 6 | Trimble | 12.33 Bn | 12.10 Bn | 646.30 Mn | 68.76% |
| 7 | Cognex | 11.87 Bn | 11.58 Bn | 190.94 Mn | 71.13% |
| 8 | Sensata Technologies Holding | 6.78 Bn | 6.14 Bn | 286.30 Mn | 30.63% |
| 9 | Garmin | 4.63 Bn | 1.93 Bn | 1.04 Bn | 59.44% |
| 10 | Badger Meter | 4.28 Bn | 4.07 Bn | 84.33 Mn | 41.69% |
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% |