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Mar 31, 2023
Coherent Q3 2023 Earnings Report
Coherent's third quarter results for fiscal year 2023 were reported.
Key Takeaways
Coherent Corp. reported Q3 revenues of $1.24 billion, a 50% increase year-over-year. Non-GAAP EPS was $0.58, and the company generated $55 million in free cash flow. The company has initiated restructuring actions to improve scale, focus, and lower operating costs.
Revenue of $1.24 billion, grew 50% year-over-year.
Organic revenue growth of 6% year-over-year.
Backlog of $2.6 billion, grew 23% year-over-year.
Non-GAAP EPS of $0.58.
Coherent
Coherent
Forward Guidance
For the fourth fiscal quarter ending June 30, 2023, the company expects revenue between $1,125 million and $1,175 million, and non-GAAP earnings per diluted share between $0.33 and $0.43.