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Dec 31, 2022
Coherent Q2 2023 Earnings Report
Coherent achieved record quarterly revenue and solid earnings, driven by contributions from all business segments and relentless dedication to execution excellence.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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