J P M O R G A N North America Equity Research 07 August 2026 Cognex 2Q Results: Margin Mastery Continues, Data Center Upside, 2H Noise Cognex delivered a strong 2Q26, with results exceeding both our expectations and consensus across the key profit metrics, while the 3Q outlook reinforces momentum. Revenue grew 17% YoY (16% constant-currency) to $291M, driven by broad-based strength across most major end markets. Adjusted EBITDA margin expanded ~1,150 bps YoY to 32.2%, and adjusted diluted EPS rose to $0.45 ...