Coherent Corp.: Beat — EPS $2.09, Revenue $2.37B
Earnings BeatQ1 2027 · After-market
Did Coherent Corp. (COHR) beat earnings today?
Yes, Coherent Corp. (COHR) beat Wall Street analyst expectations for Q1 2027, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+6.09% surprise
$2.09Actual
Expected: $1.97
vs. year ago +80.2%
Total Revenue+3.06% surprise
$2.37BActual
Expected: $2.3B
vs. year ago +49.9%
Released Nov 04 · 4:05 PM ET
Earning Report
| Metric | Q1 FY27 | Q1 FY26 | YoY Change % |
|---|---|---|---|
| Revenue | $2.37B | $1.58B | 49.9 |
| Revenue detail — reported lines | |||
| └─Datacenter & Communications | $1.95B | $1.09B | 79.1 |
| └─Industrial | $418.60M | $491.40M | -14.8 |
| Net Earnings | $384.70M | $226.30M | 70.2 |
| GAAP Basic EPS | $1.96 | $1.24 | 58.1 |
| GAAP Diluted EPS | $1.90 | $1.19 | 59.7 |
| Non-GAAP Basic EPS | $2.15 | $1.20 | 79.2 |
| Non-GAAP Diluted EPS | $2.09 | $1.16 | 80.0 |
Financial Outlook / Guidance
| Metric | Q2 FY27 Outlook | FY27-FY28/Calendar 2028 Outlook | ||
|---|---|---|---|---|
| Guidance | Expected | Guidance | Expected | |
| Revenue | $2.55B-$2.75B | $2.54BBeat +4.33% | — | — |
| Non-GAAP Gross Margin | 40%-42% | — | above 45% before end of calendar 2028 | — |
| Non-GAAP Operating Expenses | $430M-$450M | — | — | — |
| Non-GAAP EPS | $2.28-$2.48 | $2.21Beat +7.69% | — | — |
| Revenue Quarter | — | — | first $3B quarter by end of FY27 | $10.63BMiss -71.78% |
| Pro Forma Revenue Growth | — | — | exceed 60% YoY (more than double FY26 pro forma growth rate | — |
| Revenue Quarter | — | — | first $4B quarter in FY28 | — |
Q2 FY27 Outlook
- Revenue
- Guidance$2.55B-$2.75BExpected$2.54BBeat +4.33%
- Non-GAAP Gross Margin
- Guidance40%-42%Expected—
- Non-GAAP Operating Expenses
- Guidance$430M-$450MExpected—
- Non-GAAP EPS
- Guidance$2.28-$2.48Expected$2.21Beat +7.69%
- Revenue Quarter
- Guidance—Expected—
- Pro Forma Revenue Growth
- Guidance—Expected—
- Revenue Quarter
- Guidance—Expected—
FY27-FY28/Calendar 2028 Outlook
- Revenue
- Guidance—Expected—
- Non-GAAP Gross Margin
- Guidanceabove 45% before end of calendar 2028Expected—
- Non-GAAP Operating Expenses
- Guidance—Expected—
- Non-GAAP EPS
- Guidance—Expected—
- Revenue Quarter
- Guidancefirst $3B quarter by end of FY27Expected$10.63BMiss -71.78%
- Pro Forma Revenue Growth
- Guidanceexceed 60% YoY(more than double FY26 pro forma growth rateExpected—
- Revenue Quarter
- Guidancefirst $4B quarter in FY28Expected—
Business Highlights
- ➤AI datacenters are transitioning from copper to optical connectivity.
- ➤Coherent cited its broad photonics platform and manufacturing scale.
- ➤The company said new growth areas are beginning to ramp.
- ➤Coherent serves customers in datacenter, communications, and industrial markets.
- ➤Coherent operates in more than 20 countries.
- ➤The company highlighted its broad technology stack and supply chain resilience.
- ➤Coherent said its platform helps customers address bandwidth and energy-efficiency needs.
Management Commentary
Jim Anderson, CEO
“Q1 marked a strong start to fiscal 2027, with pro forma revenue up 56% year over year and non-GAAP EPS up 80%. Our established businesses delivered strong growth, while new growth areas are beginning to ramp. As AI datacenters transition from copper to optical connectivity, Coherent’s broad photonics platform and manufacturing scale position us to help customers meet rising needs for bandwidth and energy efficiency. We expect fiscal 2027 pro forma revenue growth to exceed 60%.”
Sherri Luther, CFO
“Our Q1 results delivered substantial operating leverage and durable gross margin expansion, driven by pricing optimization and cost improvements. This margin strength gives us the confidence to raise our longer-term target. We expect to achieve our first quarter with non-GAAP gross margin above 45% before the end of calendar 2028.”