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Coherent Corp (COHR)
NYSE:COHR
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.69Last Year’s EPS
$0.36Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -1.77%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in datacom and networking segments, debt reduction, and non-GAAP EPS improvement. However, there were challenges in industrial and materials segments due to market weaknesses. Overall, positive performance in key growth areas outweighs the lowlights.Company Guidance
During the Coherent Corp. earnings call for Q1 2025, guidance for the upcoming second quarter was provided. Revenue is projected to range between $1.33 billion and $1.41 billion. Non-GAAP gross margins are expected to be between 36% and 38%, with total operating expenses anticipated to fall between $275 million and $295 million. The non-GAAP tax rate is forecasted to be between 19% and 22%, and non-GAAP EPS is estimated to be in the range of $0.61 to $0.77. The company aims to continue deleveraging by paying down debt and has a strategic focus on improving gross margins through product cost reductions and optimizing pricing strategies. Additionally, Coherent plans to shift investments towards high-ROI projects within its growth and profit engines, particularly in the datacom segment, while exploring strategic alternatives for non-core assets.Strong YoY Revenue Growth
Revenue in Q1 increased by 28% year-over-year, driven primarily by AI-related datacom transceiver revenue growth and improvements in telecom revenue.
Datacom Transceivers Performance
Q1 datacom revenue grew by 16% sequentially and 89% year-over-year, with strong adoption of 800-gig transceivers and progress on 1.6T transceivers.
Debt Reduction
The company paid down $118 million of debt, reducing the net debt leverage ratio to 2.4x.
Non-GAAP EPS Growth
Non-GAAP EPS grew by 22% sequentially and over 4x year-over-year.
Increase in Networking Revenue
Networking revenue increased 12% sequentially and 61% year-over-year due to AI data center demand.
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COHR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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COHR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $99.43 | $109.45 | +10.08% |
| Aug 15, 2024 | $71.28 | $76.63 | +7.51% |
| May 06, 2024 | $57.92 | $55.30 | -4.52% |
| Feb 05, 2024 | $49.42 | $58.00 | +17.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Coherent Corp (COHR) report earnings?
Coherent Corp (COHR) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Coherent Corp (COHR) earnings time?
Coherent Corp (COHR) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is COHR EPS forecast?
COHR EPS forecast for the fiscal quarter 2025 (Q2) is $0.69.
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