- Cognex press release ( NASDAQ: CGNX ): Q3 Non-GAAP EPS of $0.21 beats by $0.07 .
- Revenue of $209.6M (-26.4% Y/Y) beats by $9.45M .
- Financial Outlook – Q4 2022
- Cognex expects revenue for Q4-22 will be between $235 million and $255 million. At the mid-point, this range represents an increase sequentially due to improved production lead times relative to Q3-22. On a year-on-year basis, the company expects revenue will be roughly flat at the mid-point due to growth from the broader market being offset by lower spending on large projects in logistics and a roughly 10-basis point unfavorable impact of currency exchange rates.
- Q4 Consensus revenue estimates is $230.36M.
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Cognex Non-GAAP EPS of $0.21 beats by $0.07, revenue of $209.6M beats by $9.45M