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Jun 30, 2024
Coherent Q4 2024 Earnings Report
Coherent's Q4 2024 earnings reflect revenue growth and improved profitability.
Key Takeaways
Coherent Corp. reported Q4 2024 revenue of $1.314 billion, a 9.1% year-over-year increase. GAAP EPS was $(0.52), while non-GAAP EPS was $0.61, a 49% year-over-year improvement. The company's revenue growth was driven by AI-related strength in its Datacom transceiver business.
Q4 revenue reached $1.314 billion, representing a 9.1% year-over-year growth.
GAAP gross margin for Q4 was 32.9%, showing a 437 bps increase year-over-year.
Non-GAAP gross margin for Q4 was 37.2%, reflecting a 132 bps increase year-over-year.
GAAP EPS for Q4 was ($0.52), an improvement of $1.02 year-over-year, and non-GAAP EPS was $0.61, an improvement of $0.20 or +49% year-over-year.
Coherent
Coherent
Coherent Revenue by Segment
Revenue by Segment
Networking Revenue
CapyFin.comMaterials Revenue
CapyFin.comLasers Revenue
CapyFin.com Forward Guidance
Coherent expects revenue for the first quarter of fiscal 2025 to be between $1.27 billion and $1.35 billion, with non-GAAP EPS between $0.53 and $0.69.
Positive Outlook
- Revenue for Q1 2025 is expected to be between $1.27 billion and $1.35 billion.
- Gross margin percentage for Q1 2025 is expected to be between 36% and 38% on a non-GAAP basis.
- Total operating expenses for Q1 2025 are expected to be between $260 million and $280 million on a non-GAAP basis.
- Tax rate for Q1 2025 is expected to be between 20% and 23% on a non-GAAP basis.
- EPS for Q1 2025 is expected to be between $0.53 and $0.69 on a non-GAAP basis.
Revenue & Expenses
Visualization of income flow from segment revenue to net income