- Coherent's fiscal Q1 2027 revenue rose 49.9% year over year to $2.37B, and adjusted EPS of $2.09 beat the roughly $1.97 consensus estimate.
- Datacenter and communications revenue surged 79% to $1.95B, while industrial segment revenue fell 14.8% to $418.6M.
- Coherent guided fiscal Q2 revenue to $2.55B-$2.75B and adjusted EPS to $2.28-$2.48, and expects fiscal 2027 pro forma revenue growth above 60%.
- The company targets its first $3B revenue quarter by the end of fiscal 2027 and raised its long-term adjusted gross margin target to above 45% before the end of calendar 2028.
- Shares were reportedly up about 8% after hours following the report, after falling roughly 56% from June highs.
Sources
- Coherent Quarterly Profit Jumps 91 As Ai Data Centre Demand Drives Revenue GrowthInvesting
- $COHR FQ1: BEAT and raise, up ~8% after hours after a 56% slide since June. The market is buying >60% FY27 growth. The n@PatrickMoorhead
- Coherent Non-GAAP EPS of $2.09 beats by $0.12, revenue of $2.37B beats by $70MSeekingalpha