Here are the 10-K annual reports from Cognex Corp (CGNX) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow CGNX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CGNX filings page.
Cognex Corporation files its 10-K describing how it uses machine vision and AI to automate manufacturing and logistics across logistics, packaging, consumer electronics, and automotive, which together were about 85% of 2025 revenue. Roughly 67% of sales came from customers outside the United States.
The company emphasizes AI‑driven products, a major salesforce transformation to double its customer base within five years, and selective acquisitions such as Moritex (enterprise value about $270 million). Research, development, and engineering spending was approximately $139 million, or 14% of revenue, in 2025.
Cognex returned cash through dividends and buybacks, paying $54.6 million of dividends in 2025 and repurchasing 4.234 million shares for $151.2 million, with $115.0 million remaining under its 2022 program and a new $500 million authorization. It ended 2025 with about $642 million in cash and investments and no long‑term debt.