Benzinga | May 6, 2021 04:51PM EDT

Cognex Sees Q2 Sales $250M-$270M vs $228.27M Est.

Financial Outlook -- Q2 2021

* Cognex believes revenue in Q2-21 will be between $250 million and $270 million. This range represents anticipated substantial growth over Q2-20, which was marked by significant economic disruption following the COVID-19 outbreak.

* Gross margin for Q2-21 is expected to be in the mid-70% range, and lower than the gross margin reported in recent quarters.

* Operating expenses are expected to be flat to slightly up from Q1-21.

* The effective tax rate is expected to be 18%, excluding discrete tax items.