Cognex Expects Q3 Revenue of $225M-$240M, Slight Sequential Decrease From Q2 But Slight YoY Increase Excluding Moritex; Moritex To Contribute 10%-12% of Q3 Revenue; Adjusted Gross Margin Slightly Below 70%; Adjusted EBITDA Margin 16%-19%; Adjusted Effective Tax Rate 16%
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Cognex expects Q3 revenue between $225M-$240M, a slight sequential decrease from Q2 but a slight YoY increase excluding Moritex. Moritex is expected to contribute 10%-12% of Q3 revenue. Adjusted gross margin is slightly below 70%, adjusted EBITDA margin is 16%-19%, and the adjusted effective tax rate is 16%.

July 31, 2024 | 8:20 pm
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Cognex expects Q3 revenue between $225M-$240M, a slight sequential decrease from Q2 but a slight YoY increase excluding Moritex. Moritex is expected to contribute 10%-12% of Q3 revenue. Adjusted gross margin is slightly below 70%, adjusted EBITDA margin is 16%-19%, and the adjusted effective tax rate is 16%.
The revenue forecast shows a slight sequential decrease but a slight YoY increase excluding Moritex. The contribution from Moritex and the margins indicate stable performance. The market may react neutrally in the short term as the figures are mixed.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100