Coherent Corp. announced financial results for its fiscal second quarter ended December 31, 2024, reporting record revenue of $1.43 billion. The company posted GAAP net income of $0.44 per diluted share and non-GAAP net income of $0.95 per diluted share.
The company achieved a GAAP gross margin of 35.5% and a non-GAAP gross margin of 38.2%, indicating significant improvement in profitability. Jim Anderson, CEO, attributed the strong growth to robust AI-related Data Center demand and growth in the Telecom business.
Sherri Luther, CFO, highlighted the company's profitability, cash generation, and the payment of $132 million of outstanding debt during the quarter. For the third quarter of fiscal 2025, Coherent provided guidance expecting revenue between $1.425 billion and $1.575 billion, with non-GAAP EPS between $0.81 and $1.01.
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