Cognex Corp (CGNX) News & EventsCGNXCognex Corp

Cognex to Acquire RealSense for Approximately $500 Million

Cognex announced that it has entered into a definitive agreement to acquire RealSense, a company in depth-sensing cameras and vision technology for robotic perception and Physical AI. The acquisition advances Cognex's strategy to diversify its growth engine by entering the robotic perception market, a high-growth adjacency that expands its served market opportunity. RealSense is expected to generate revenue of $80M-$90M in 2026, representing more than 50% growth over the prior year. Under the terms of the agreement, Cognex will acquire RealSense for approximately $500M, financed entirely from existing cash and investments on its balance sheet. Cognex also expects to provide a three-year $56.5M cash retention program at target for RealSense employees, subject to performance modifiers, and to grant restricted stock units valued at approximately $50M under Cognex's existing 2023 Stock Option and Incentive Plan dependent on the grant-date share price. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions.

Cognex Q2 Revenue at $291M, Slightly Below Expectations

Reports Q2 revenue $291M, consensus $292.51M. Q2 was another strong quarter for Cognex and further evidence that our strategy is driving results," said Matt Moschner, President and CEO. "We delivered exceptional performance, highlighted by record revenue, strong margin expansion, and significant earnings growth, which we believe reflects both a more favorable demand environment and focused execution across the business. We continue to make meaningful progress against our strategic objectives to extend our leadership in AI-enabled machine vision, deliver the leading customer experience in the industry, and double our customer base."

Sees Q3 Revenue of $300M-$320M

Sees Q3 revenue $300M-$320M, consensus $280.1M.