Coherent Corp. ( (COHR) ) has released its Q1 earnings. Here is a breakdown of the information Coherent Corp. presented to its investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Coherent Corp., a global leader in photonics, specializes in providing advanced technology solutions for datacenters, communications, and industrial markets, leveraging its broad technology stack and global reach to drive innovation.
In its first quarter of fiscal 2026, Coherent Corp. reported a significant revenue increase, reaching $1.58 billion, marking a 17% year-over-year growth. The company also highlighted a strong performance in its gross margin and earnings per share, reflecting robust demand from AI-related datacenters and communications sectors.
Key financial highlights include a GAAP gross margin of 36.6% and a non-GAAP gross margin of 38.7%, both showing substantial year-over-year improvements. The company’s GAAP EPS rose to $1.19, a significant increase from the previous year, while non-GAAP EPS reached $1.16. Strategic moves such as the sale of its Aerospace and Defense business and the introduction of innovative photonic components have further strengthened its market position.
Coherent Corp. also made notable advancements in its product offerings, including the introduction of a high-power 400 mW CW laser and a next-gen 2D VCSEL array-based solution, both aimed at enhancing efficiency and performance in AI scale-up networks and data centers.
Looking forward, Coherent Corp. anticipates continued growth driven by increasing demand in datacenter and communications markets, alongside ongoing production capacity expansion. The company projects second-quarter fiscal 2026 revenue between $1.56 billion and $1.70 billion, with expectations of maintaining strong gross margins and managing operating expenses effectively.