Cognex CFO Dennis Fehr said the machine vision company's Q2 revenue reached approximately $290 million, a quarterly record; Q3 revenue guidance is $310 million, potentially setting another new high. The company's adjusted EBITDA margin rose from 17% in 2024 to 32% in the latest quarter, with a Q3 guidance midpoint of 33%. Fehr views AI as a growth catalyst rather than a competitive threat, and its OneVision platform has been widely adopted by customers. Additionally, the company is seeking to cut $35 million in costs annually and expects operating expenses to remain controlled after 2026. Despite cost pressures from rising memory chip prices, the company anticipates offsetting the impact through pricing measures.