Coherent Reports Fiscal Q1 Revenue of $2.37 Billion, Raises Long-Term Margin Target
Coherent reported revenue up 50% year over year, with GAAP and non-GAAP gross margins of 39.1% and 40.6%. It guided Q2 revenue to $2.55 billion-$2.75 billion and adjusted EPS to $2.28-$2.48, and expects non-GAAP gross margin above 45% before the end of calendar 2028.
Coherent Corp. reported revenue of $2.37 billion for the first quarter of fiscal 2027, representing a 50% year-over-year increase. The company achieved a GAAP gross margin of 39.1% and a non-GAAP gross margin of 40.6%. GAAP net income was $1.90 per diluted share, while non-GAAP net income was $2.09 per diluted share.
Management provided guidance for the second quarter of fiscal 2027, projecting revenue between $2.55 billion and $2.75 billion and adjusted EPS between $2.28 and $2.48. Additionally, the company raised its long-term target, expecting to achieve a non-GAAP gross margin exceeding 45% before the end of calendar 2028.