Coherent reports Q1 adjusted EPS $1.16, consensus $1.04

Reports Q1 revenue $1.58B, consensus $1.54B. Jim Anderson, CEO, said, “Revenue growth of 19% year-over-year in the September quarter on a pro forma basis was driven by strong demand from AI-related datacenters and communications. We expect continued strong growth throughout this fiscal year based on increasing datacenter and communications demand along with our continued production capacity expansion.”