Jerome Nathan

Jerome Nathan asked about Cognex's opportunities in "physical AI," specifically in sensing and vision for areas like AMRs and humanoid robots, given the company's history in providing vision for automation. He also followed up on the Moritex trading business divestment, asking if its low gross margin profile would lead to a bump in overall gross margins in the second half of 2026.

Answer

Matt Moschner, CEO, highlighted Cognex's 44 years in "physical AI" and its focus on winning in core verticals. He mentioned exploring automation in data centers, aerospace/defense, and industrial robotics (excluding humanoids) for high-speed inline manufacturing. Dennis Fehr, CFO, confirmed that the divestment of the lower gross margin Moritex trading business would "certainly help a bit on the gross margin side into the second half."