Coherent Corp. ( (COHR) ) has released its Q2 earnings. Here is a breakdown of the information Coherent Corp. presented to its investors.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Coherent Corp., a global leader in materials, networking, and lasers, has reported a strong financial performance for the second quarter of fiscal 2025. Specializing in advanced technologies, Coherent serves diverse markets including industrial, communications, electronics, and instrumentation.
In its latest earnings report, Coherent Corp. announced a significant 27% year-over-year increase in revenue, reaching $1.43 billion. The company also experienced a noteworthy improvement in gross margins and earnings per share both on GAAP and non-GAAP bases.
Key financial metrics revealed an increase in GAAP gross margin to 35.5% and non-GAAP gross margin to 38.2%. The earnings per share saw a substantial uplift, with GAAP EPS at $0.44 and non-GAAP EPS at $0.95. The company attributed these gains to robust demand in AI-related data centers and strong performance in the telecom sector. Additionally, Coherent has made strategic advancements with new product launches, including its Optical Circuit Switch and EDGE Fiber laser platform, which are expected to further drive business growth.
Looking ahead, Coherent Corp. anticipates revenue for the third quarter of fiscal 2025 to be between $1.39 billion and $1.48 billion, with expectations for continued margin expansion. The company remains optimistic about its growth trajectory, underscoring its commitment to innovation and operational excellence.
