From GlobeNewswire: 2025-02-05 16:14:00

Coherent Corp. announced Q2 revenue of $1.43 billion, up 27% year-over-year. GAAP gross margin increased to 35.5%, while non-GAAP gross margin increased to 38.2%. GAAP EPS improved to $0.44, and non-GAAP EPS improved to $0.95. The CEO credited strong growth to AI-related Data Center demand and Telecom business growth. CFO highlighted profitability, cash generation, and debt reduction, paying down $132 million of debt.

In product highlights for Q2, Coherent received CHIPS Act funding to increase InP production capacity, had first customer orders for Optical Circuit Switch, and expanded engagements for new transceivers. They also shipped Excimer Laser Annealing system for OLED display fab and received first orders for EDGE Fiber laser platform.

For the third quarter of fiscal 2025, Coherent expects revenue between $1.39B to $1.48B, gross margin between 37% to 39%, and total operating expenses between $285M to $305M on a non-GAAP basis. The tax rate is expected to be between 17% to 19%, with EPS between $0.75 to $0.95 on a non-GAAP basis. An investor conference call/webcast was scheduled for February 5, 2025, to review financial results and business outlook.

Coherent’s financial performance showed significant improvement, with strong revenue growth, margin expansion, and debt reduction in Q2. Non-GAAP metrics were used to provide a more accurate representation of the company’s financial health. Integration, site consolidation, and other costs were managed effectively, leading to a positive outlook for the company’s future.



Read more at GlobeNewswire:: Coherent Corp. Reports Second Quarter Fiscal 2025 Results