Coherent Corp. Reports First Quarter Fiscal 2027 Results
Key Highlights
- ➤Q1 revenue $2.37B, increased 50% year over year
- ➤Q1 non-GAAP EPS $2.09, increased 80% year over year
- ➤Fiscal 2027 pro forma revenue growth expected to exceed 60%
- ➤Q2 revenue expected between $2.55B and $2.75B
- ➤Non-GAAP gross margin above 45% targeted before calendar 2028 ends
Expert Statements
Jim Anderson, CEO of Coherent Corp.
“Q1 marked a strong start to fiscal 2027, with pro forma revenue up 56% year over year and non-GAAP EPS up 80%”
Jim Anderson, CEO of Coherent Corp.
“Our established businesses delivered strong growth, while new growth areas are beginning to ramp.”
Jim Anderson, CEO of Coherent Corp.
“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.”
Jim Anderson, CEO of Coherent Corp.
“We expect fiscal 2027 pro forma revenue growth to exceed 60%.”
Sherri Luther, CFO of Coherent Corp.
“Our Q1 results delivered substantial operating leverage and durable gross margin expansion, driven by pricing optimization and cost improvements.”
Sherri Luther, CFO of Coherent Corp.
“This margin strength gives us the confidence to raise our longer-term target.”
Sherri Luther, CFO of Coherent Corp.
“We expect to achieve our first quarter with non-GAAP gross margin above 45% before the end of calendar 2028.”
* Q1 REVENUE OF $2.37B, INCREASED 50% Y/Y AND 56% Y/Y ON A PRO FORMA BASIS * Q1 GAAP GROSS MARGIN OF 39.1%, INCREASED 254 bps Y/Y; Q1 NON-GAAP GROSS MARGIN OF 40.6%, INCREASED 184 bps Y/Y * Q1 GAAP EPS OF $1.90, INCREASED $0.71 Y/Y; Q1 NON-GAAP EPS OF $2.09, INCREASED $0.93 Y/Y SAXONBURG, Pa., Nov. 04, 2026 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR) (“Coherent,” “We,” or the “Company”), a global leader in photonics, announced financial results today for its first quarter of fiscal year 2027 ended September 30, 2026.
Revenue for the first quarter of fiscal 2027 was $2.37 billion, with GAAP gross margin of 39.1% and GAAP net income of $1.90 per diluted share. On a non-GAAP basis, gross margin was 40.6% with net income per diluted share of $2.09.
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