Coherent Q2 2023 Earnings Report
Key Takeaways
Coherent Corp. reported record revenue of $1.37 billion for its fiscal 2023 second quarter, representing a 70% year-over-year growth and 23% organic growth. Non-GAAP EPS was $0.95, and the company retired $133M of debt during the quarter. The company is confident in delivering a strong FY23 due to diversification, backlog strength, product portfolio prospects, and a great team.
Record Revenue of $1.37 billion, Grew 70% Year-Over-Year.
Organic Revenue Growth of 23% Year-Over-Year.
Backlog of $2.9 billion, Grew 68% Year-Over-Year.
Non-GAAP EPS of $0.95.
Coherent
Coherent
Coherent Revenue by Segment
Forward Guidance
The outlook for the third fiscal quarter ending March 31, 2023 is revenue of $1,320 million to $1,370 million and earnings per diluted share on a non-GAAP basis of $0.75 to $0.90.
Revenue & Expenses
Visualization of income flow from segment revenue to net income