Cognex : Introduction to Cognex

Published: 2025-03-17 15:42:03 ET CGNX

Introduction to Cognex

Cantor 2025 Global Technology Conference

Dennis Fehr | Chief Financial Officer

March 12, 2025

The global leader in industrial machine vision and barcode reading

$915M

~70%

26%

2024 REVENUE

ADJ. GROSS MARGIN

ADJ. OPERATING MARGIN

10-yr historical average

OVER 40

>1,400

YEARS IN BUSINESS

PATENTS ISSUED & PENDING

Machine vision provides the ability to see

Brain

Eyes

Optics

Vision software

& algorithms

Challenges we solve:

Guide

Identify

Gauge

Inspect

360 million

35 million

Factory workers worldwide

Visual inspectors

Source: Estimates based on internal data and data from International Law Organization & World Bank

Three megatrends drive adoption

CONTINUOUS COST AND

DEMOGRAPHICS DRIVE

MANUFACTURING LABOR

NEAR-SHORING

QUALITY OPTIMIZATION

SHORTAGE

Cognex's $8B+ served market

$1,500M $1,350M

100%

80%

60%

40%

20%

$2,000M $650M $1,000M

+$1.5B

adjacency

in vision sensors and optics

AutomotiveElectronics

Logistics

Medical-

Others

Total

Est. Cognex share

15%

20%

15%

> 10%

< 20%

> 15%

Cognex Others

We have returned to growth in 2024

'11-'21 '21-'23 '23-'24

CAGR 14% -10% +9%*

-10%

$1,037M

$1,006M

+9%*

$915M

+14%

$806M

$811M

$838M

$766M$726M

$461M $471M

$274M $274M $308M

$530M

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

*+1% excluding the Oct 2023 acquisition of Moritex

Why businesses choose Cognex

Easy and flexible

Intuitive products that can be set-up, maintained, and AI tuned

Highest performance

Solve simple to advanced applications at unmatched rates, and at production speed

Reliable and dependable

Self-service tools and a global network of support ensure our customers' success

Disclaimer

Cognex Corporation published this content on March 17, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 17, 2025 at 19:41:04.611.