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Jun 30, 2025
Coherent Q4 2025 Earnings Report
Coherent ended Q4 FY2025 with record quarterly revenue, improved gross margins, and strong performance in Datacom and optical networking despite a GAAP net loss.
Key Takeaways
Coherent Corp. posted $1.53B in Q4 revenue, up 16% YoY, with a GAAP net loss of $96M and a non-GAAP EPS of $1.00. The company launched new products for AI datacenters and began revenue from next-gen transceivers and switches. Operating margins improved YoY on a non-GAAP basis.
Forward Guidance
Coherent expects revenue between $1.46B and $1.60B in Q1 FY26, with solid gross margin and EPS guidance following its divestiture of the Aerospace and Defense segment.
Positive Outlook
- Q1 FY26 revenue guided between $1.46B–$1.60B
- Non-GAAP gross margin expected between 37.5%–39.5%
- Non-GAAP EPS guidance of $0.93–$1.13
- Operating expenses expected to remain stable between $290M–$310M
- Strong growth in AI datacenter product lines
Challenges Ahead
- GAAP net loss reported despite revenue growth
- Decline in Materials segment revenue YoY
- Impact from impairment and restructuring costs
- Significant increase in operating expenses YoY
- Sale of Aerospace & Defense to impact future revenue by ~$20M
Historical Earnings Impact
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Avg. Return Before/After Earnings
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