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Sep 30, 2024
Coherent Q1 2025 Earnings Report
Coherent's financial performance showed year-over-year growth, driven by AI-related Datacom transceivers and margin expansion.
Key Takeaways
Coherent Corp. reported its Q1 fiscal year 2025 results, with revenue of $1.35 billion, a 28% increase year-over-year. GAAP EPS was reported at ($0.04), improved by 94% year-over-year, and non-GAAP EPS was $0.74, a 357% increase year-over-year. The company also paid down $118 million of its outstanding debt.
Q1 revenue reached $1.35 billion, reflecting a 28% increase year-over-year.
GAAP gross margin was 34.1%, a 499 bps increase year-over-year; non-GAAP gross margin was 37.7%, a 293 bps increase year-over-year.
GAAP EPS was ($0.04), a 94% improvement year-over-year; non-GAAP EPS was $0.74, a 357% improvement year-over-year.
The company highlighted strong EPS growth, cash generation, and debt reduction during the quarter.
Coherent
Coherent
Coherent Revenue by Segment
Revenue by Segment
Networking Revenue
CapyFin.comMaterials Revenue
CapyFin.comLasers Revenue
CapyFin.com Forward Guidance
Coherent expects revenue between $1.33 billion and $1.41 billion, a non-GAAP gross margin between 36% and 38%, non-GAAP operating expenses between $275 million and $295 million, a non-GAAP tax rate between 19% and 22%, and non-GAAP EPS between $0.61 and $0.77 for the second quarter of fiscal year 2025.
Positive Outlook
- Revenue for Q2 fiscal 2025 is expected to be between $1.33 billion and $1.41 billion.
- Gross margin percentage for Q2 fiscal 2025 is expected to be between 36% and 38% on a non-GAAP basis.
- Total operating expenses for Q2 fiscal 2025 are expected to be between $275 million and $295 million on a non-GAAP basis.
- Tax rate for Q2 fiscal 2025 is expected to be between 19% and 22% on a non-GAAP basis.
- EPS for Q2 fiscal 2025 is expected to be between $0.61 and $0.77 on a non-GAAP basis.
Revenue & Expenses
Visualization of income flow from segment revenue to net income