Cognex

Q2 FY2026 EarningsQ2 FY26 results delivered a significant bottom-line beat despite slightly trailing revenue and gross margin expectations. Revenue of $291.3M was essentially in-line with the $292.5M consensus (-0.4% variance), while GAAP EPS of $0.43 outperformed the $0.41 estimate by 5.8%. Operating leverage was the primary driver, with EBIT beating expectations by 8.0% due to aggressive cost-management and a $5.0M one-time benefit from stock-based compensation forfeitures. Regionally, explosive 47% YoY growth in Greater China and 27% in the Americas offset a 12% decline in Europe, reflecting a shifting demand landscape in consumer electronics and automotive sectors.