Cognex (CGNX) risk factors
Item 1A of every Cognex Corp. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors28 risks4 new9 reworded
Cognex added new risks regarding inventory management, scaling its salesforce, operating model transformations, and AI regulations. The company updated disclosures on competitive threats from open-source AI, activist shareholders, and in-house manufacturing risks in China and Vietnam. Investment portfolio figures and debt securities balances were updated for the end of fiscal 2025.
Filed Feb 12, 2026 - FY2024 10-K risk factors24 risks
Cognex relies heavily on international sales, particularly in China and Asia, exposing it to tariffs, currency swings, and geopolitical friction. Supply chain concentration in Indonesia and Malaysia, plus a heavy reliance on a few large customers, creates revenue vulnerability. The company faces intense competition in machine vision and AI talent acquisition, alongside integration risks from its largest acquisition, Moritex.
Filed Feb 13, 2025