Earnings ·
Coherent reports Q1 FY27 revenue of $2.37B, up 50% Y/Y, and raises full-year growth outlook
COHRCoherent Corp.
Coherent Corp. reported first-quarter fiscal 2027 results with revenue of $2.37 billion, a 50% increase year-over-year on a GAAP basis and 56% on a pro forma basis excluding divested businesses. GAAP diluted earnings per share reached $1.90, up from $1.19 in the prior year quarter, while non-GAAP EPS rose to $2.09, an 80% increase. Gross margin expanded to 39.1% on a GAAP basis and 40.6% on a non-GAAP basis. The company raised its long-term gross margin target, expecting to achieve a first quarter with non-GAAP gross margin above 45% before the end of calendar 2028. Management also updated full-year fiscal 2027 guidance, projecting pro forma revenue growth to exceed 60%. Coherent operates in the photonics industry, providing optical components and systems for datacenters, communications, and industrial markets.