Cognex Corporation reported a Q2 FY23 revenue decline of 12% to $242.51 million, beating the consensus of $237.76 million. The company's revenue declined due to ongoing softness in e-commerce logistics and weaker demand from factory automation customers. Despite this, Cognex's financial position remains strong, with $832 million in cash and investments and no debt. However, the company's outlook for Q3 FY23 is less optimistic, with expected revenues of $180 million-$200 million, below the consensus of $250.36 million.