Coherent’s fiscal first-quarter revenue rose 50% year over year to $2.37 billion, beating the $2.31 billion consensus, while adjusted EPS rose 80% to $2.09. It expects second-quarter revenue of $2.55 billion to $2.75 billion and non-GAAP EPS of $2.28 to $2.48.
Coherent reported fiscal first-quarter revenue of $2.37 billion, up 50% year over year and above the $2.31 billion analyst consensus. Adjusted EPS was $2.09, up 80% year over year and ahead of the $1.97 consensus. Adjusted operating margin was 23.2%.
Datacenter & Communications revenue rose to $1.95 billion from $1.09 billion a year earlier, driving overall sales growth. The CEO said the shift from copper to optical connectivity in AI datacenters is fueling demand for photonics products. The CFO attributed margin expansion to pricing optimization and cost improvements.
Coherent expects fiscal second-quarter revenue of $2.55 billion to $2.75 billion and non-GAAP EPS of $2.28 to $2.48. The company expects to reach its first $3 billion revenue quarter by the end of fiscal 2027.
