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Sep 30, 2022
Coherent Q1 2023 Earnings Report
Coherent achieved record revenue and backlog, with solid contributions from all three segments.
Key Takeaways
Coherent Corp. reported a strong start to fiscal year 2023, with record revenue of $1.34 billion, representing a 69% year-over-year growth and 20% organic growth. Non-GAAP EPS was $1.04, favorably impacted by FX.
Record Revenue of $1.34 Billion, Grew 69% Year-Over-Year.
Organic Revenue Growth of 20% Year-Over-Year.
Record Backlog of $3.05 Billion, Grew 119% Year-Over-Year.
Non-GAAP EPS of $1.04.
Coherent
Coherent
Forward Guidance
The outlook for the second fiscal quarter ending December 31, 2022, is revenue of $1,340 million to $1,400 million and earnings per diluted share on a non-GAAP basis of $0.88 to $1.00. The Company also expects full year revenue between $5,250 to $5,550 million.