Coherent's earnings call highlights strong revenue growth driven by data center and communications markets, significant gross margin improvement, and strategic product innovations. However, this is tempered by challenges in industrial and consumer electronics markets, and ongoing restructuring costs. The company's strategic focus on core areas and debt reduction efforts are positive indicators for future performance.

Company Guidance -

Q1 2026

During the Coherent Fiscal Year 2025 Third Quarter Earnings Webcast, the company provided guidance for the fourth quarter of fiscal 2025, expecting revenue between $1.425 billion and $1.575 billion. The non-GAAP gross margin is projected to range from 37% to 39%, with total operating expenses anticipated to be between $290 million and $310 million. The non-GAAP tax rate is expected to fall between 21% and 24%, while the non-GAAP EPS is guided to be between $0.81 and $1.01. The guidance accounts for the current tariff policy environment, which is not expected to significantly impact results. The company continues to focus on improving profitability through gross margin expansion and operational efficiency, while also strengthening and deleveraging its balance sheet.

Record Revenue Growth

Fiscal third quarter revenue increased by approximately 4% sequentially and 24% year-over-year to a record $1.5 billion, driven by AI data center and telecom revenue growth.

Gross Margin Improvement

Non-GAAP gross margin improved to 38.5%, increasing 30 basis points sequentially and 490 basis points year-over-year.

Data Center and Communications Market Growth

Data center and communications revenue increased by 9% sequentially and 46% year-over-year, with strong performance in AI data centers and telecom.

Innovative Product Launches

Introduced three 1.6T transceiver designs and achieved a key milestone with a 400 gig per lane differential EML, supporting future 3.2T transceivers.

Strategic Portfolio Optimization

Exited non-core product lines such as silicon carbide devices and modules, focusing on core growth areas.

Debt Reduction

Paid down $136 million in debt during the quarter, reducing debt leverage to 2.1 times.

Coherent Corp (COHR) Earnings, Revenues Date & History

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COHR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2026 (Q1)	- / -	0.74	―	―	―
Aug 07, 2025	2025 (Q4)	0.92 / 2.57	0.61	321.31% (+1.96)	―	―
May 07, 2025	2025 (Q3)	0.86 / 0.91	0.53	71.70% (+0.38)
Feb 05, 2025	2025 (Q2)	0.69 / 0.95	0.36	163.89% (+0.59)
Nov 06, 2024	2025 (Q1)	0.61 / 0.74	0.16	362.50% (+0.58)
Aug 15, 2024	2024 (Q4)	0.60 / 0.61	0.41	48.78% (+0.20)
May 06, 2024	2024 (Q3)	0.43 / 0.53	0.58	-8.62% (-0.05)
Feb 05, 2024	2024 (Q2)	0.26 / 0.36	0.95	-62.11% (-0.59)
Nov 06, 2023	2024 (Q1)	0.12 / 0.16	1.04	-84.62% (-0.88)
Aug 15, 2023	2023 (Q4)	0.38 / 0.41	0.98	-58.16% (-0.57)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

COHR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$113.82	―	―
May 07, 2025	$69.62	$70.59	+1.39%
Feb 05, 2025	$90.10	$100.46	+11.50%
Nov 06, 2024	$99.43	$109.45	+10.08%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.