CGNX
Cognex Corporation
Is CGNX Halal?
Machine vision systems — industrial automation technology is permissible.
What You Should Know
Cognex Corporation provides machine-vision systems, software, and sensors used in automated factory and logistics equipment. Its April 5, 2026 Form 10-Q reports $2,005.618 million of assets, no interest-bearing debt, $237.343 million of cash, $384.599 million of investment securities, $187.122 million of receivables including unbilled revenue and $268.437 million of quarterly revenue. Debt/assets is 0.00%, liquidity/assets is 31.01%, receivables-plus-cash/assets is 21.16% and disclosed investment income is 1.80% of revenue; the examined FTSE, MSCI and Malaysia financial ratios pass. Industrial automation is generally permissible, with customer end-use and investment-income questions treated qualitatively.
⚠️ Concerns
- •Cyclical revenue tied to manufacturing capex cycles
- •Material investment securities and investment income
- •Semiconductor and consumer electronics exposure
- •Customer end-market mix
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-04-05; calculated 2026-07-15.
0 / 2,005.618
621.942 / 2,005.618
424.465 / 2,005.618
4.836 / 268.437
- Financial
- Pass
- Overall
- Pass
Debt/assets is 0.00%, liquidity/assets is 31.01%, receivables-plus-cash/assets is 21.16% and disclosed investment income is 1.80% of revenue; the examined FTSE ratios pass.
- Financial
- Pass
- Overall
- Pass
Debt/assets, liquidity/assets and receivables-plus-cash/assets are below the examined MSCI total-assets limits; this is not an index-membership claim.
- Financial
- Pass
- Overall
- Pass
Debt/assets and liquidity/assets are below the examined Malaysia limits; this is a calculation against the named ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored; filing-based financial results remain documented.
Business-activity disclosure
Cognex provides machine-vision systems, software and sensors for manufacturing, logistics and quality assurance. The core industrial-automation activity is generally permissible.
Limitation: The filing does not allocate every customer industry or downstream use into a scholar-approved prohibited-revenue numerator.
Purification
Cognex discloses $4.836 million of investment income but does not provide a scholar-approved purification percentage or separate prohibited-activity numerator.
Inputs, assumptions and primary sources
- Amounts are USD millions converted from Cognex's April 5, 2026 Form 10-Q values reported in thousands.
- No interest-bearing debt is reported; operating lease liabilities are excluded.
- Cash is $237.343 million. Current and non-current investments total $384.599 million and are used as the interest-bearing-securities proxy because the filing describes money-market, commercial-paper, certificate-of-deposit, corporate-bond, Treasury and asset-backed holdings.
- Receivables combine $170.721 million of accounts receivable and $16.401 million of unbilled revenue; first-quarter revenue is $268.437 million.
- Disclosed investment income is $4.836 million and is used as a conservative income-screen numerator, not a purification percentage.
- Machine vision, inspection and industrial automation are generally permissible; semiconductor, consumer-electronics, logistics and automotive customer end uses remain qualitative.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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