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Coherent narrows FY24 revenue view to $4.62B-$4.70B from $4.55B-$4.70B

Consensus is for FY24 revenue $4.62B. Sees FY24 non-GAAP gross margin 35.7%-36.3%; non-GAAP operating expense $975M-$990M; Non-GAAP operating margin 14.7%-15.2%; and non-GAAP Adjusted EBITDA of approximately 21.0%-21.5%.

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