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COGNEX NEWS RELEASE Cognex Reports Record Quarterly Revenue 11/4/2021 NATICK , Mass .-- ( BUSINESS WIRE ) -- Cognex Corporation ( NASDAQ : CGNX ) today reported financial results for the third quarter of 2021 which included record quarterly revenue . Table 1 below shows selected financial data for Q3- 21 compared with Q3-20 and Q2-21 , and for the nine months of 2021 compared with the same period in 2020 . Table 1 ( Dollars in thousands , except per share amounts ) Quarterly Comparisons Current quarter : Q3-21 Prior year's quarter : Q3-20 Change : Q3-20 to Q3-21 Prior quarter : Q2-21 Change : Q2-21 to Q3-21 Year - to - Date Comparisons Nine months ended Oct. 3 , 2021 Revenue Net Income Net Income per Diluted Share Non - GAAP Net Income per Diluted Share * $ 284,848 $ 251,073 13 % $ 269,158 $ 78,900 $ 0.44 $ 0.40 $ 87,506 $ 0.49 $ 0.47 ( 10 ) % ( 10 ) % ( 15 ) % $ 77,598 $ 0.43 $ 0.43 6 % 2 % 2 % ( 7 ) % $ 793,033 $ 226,346 $ 587,405 $ 106,841 35 % 112 % $ 1.26 $ 1.20 $ 0.77 Nine months ended Sept. 27 , 2020 Change from first nine months of 2020 to first nine months of 2021 $ 0.61 107 % 56 % * Non - GAAP net income per diluted share excludes restructuring and other charges that occurred predominantly in Q2-20 , and discrete tax adjustments . A reconciliation from GAAP to Non - GAAP is shown in Exhibit 2 of this news release . " We are pleased to report the highest quarterly revenue in our company's 40 - year history , surpassing the prior record set last quarter , " said Robert J. Willett , Chief Executive Officer of Cognex . " We were also highly profitable and reported an operating margin of 31 % , which is above our 30 % long - term target . And we were able to accomplish these achievements while operating in a very challenging supply environment . " Mr. Willett continued , " In regard to supply , we believe we have been managing global chip shortages relatively well 1