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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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