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Cognex Expects Q2 Revenue of $230M-$245M Vs $235.11M Est

Author: Benzinga Newsdesk | May 02, 2024 06:06am

Financial Outlook – Q2 2024

Cognex expects revenue to be between $230 million and $245 million. This range represents a sequential increase in revenue from Q1-24 to Q2-24 due to typical seasonality of consumer electronics revenue.
Adjusted gross margin1 is expected to be slightly above 70%, an increase from 68.8% in Q1-24 as we move beyond the one-time events in the first quarter.
Adjusted operating expense1 is expected to increase by low- to mid-single digits on a sequential basis as we expect additional investment in the company's Emerging Customer initiative.
The adjusted effective tax rate1 is expected to be 16%.

Posted In: CGNX