Machine-vision systems are essential for robots to perceive the physical world, and companies already generating revenue from deployed systems are positioned to endure market shakeouts. Cognex provides machine-vision for factory arms, logistics sorters, and quality-control lines, shipping In-Sight 6900 with NVIDIA and In-Sight 3900 with Qualcomm that perform AI inference directly on cameras. Cognex reported Q1 revenue of $268.44 million, up 24.3% year over year, with adjusted EPS of $0.34 beating estimates, and Q2 guidance for adjusted EPS of $0.40 to $0.44. Teradyne tests AI chips before they reach data centers and also operates Universal Robots, with about 70% of Q1 revenue tied to AI-related demand.
"Every robot needs to see. Cognex builds the machine-vision systems that let factory arms, logistics sorters, and quality-control lines actually perceive the physical world, and the company just shipped two new platforms (In-Sight 6900 powered by NVIDIA and In-Sight 3900 powered by Qualcomm) that drop AI inference directly onto the camera. This is the boring layer of physical AI nobody tweets about, and it is exactly why I am putting it at #1."
"The Q1 results left no room for doubt. Cognex ( NASDAQ:CGNX | CGNX Price Prediction) posted revenue of $268.44 million, up 24.3% year over year, with adjusted EPS of $0.34 beating the $0.25 estimate, and Q2 guidance pointing to adjusted EPS of $0.40 to $0.44, roughly 68% growth at the midpoint. CEO Matt Moschner said the goal is "becoming the #1 provider of AI-powered machine vision.""
"If you make an AI accelerator, an HBM stack, or a custom hyperscaler ASIC, Teradyne tests it before it ever sees a data center. The company also owns Universal Robots, giving it a foot in industrial automation. CEO Greg Smith calls it the "wafer to AI data center" strategy, and approximately 70% of Q1 revenue was tied to AI-related demand."
Read at 24/7 Wall St.
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