Coherent Corp. announced financial results for its fiscal first quarter ended September 30, 2024, reporting revenue of $1.35 billion. The company posted a GAAP net loss of $(0.04) per diluted share, while non-GAAP net income was $0.74 per diluted share.
The company achieved a GAAP gross margin of 34.1% and a non-GAAP gross margin of 37.7%, demonstrating improved profitability. Jim Anderson, CEO, noted solid growth driven primarily by AI-related Datacom transceivers, and Sherri Luther, CFO, highlighted strong EPS growth, cash generation, and $118 million in debt reduction.
For the second quarter of fiscal 2025, Coherent provided guidance expecting revenue between $1.425 billion and $1.575 billion, with non-GAAP gross margin between 37% and 39%. Non-GAAP EPS is projected to be between $0.81 and $1.01, reflecting continued strategic investments.
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