Coherent Corp. reported Q4 FY2024 revenue of $1.314 billion, up 9.1% year-over-year, driven by strong growth in AI-related Datacom transceiver revenue. GAAP gross margin improved 437 bps YoY to 32.9%, while non-GAAP gross margin rose 132 bps to 37.2%.GAAP EPS improved by $1.02 YoY to a loss of $0.52, and non-GAAP EPS increased 49% YoY to $0.61. The company's Networking segment saw 10% sequential revenue growth, primarily due to strong demand for 800G AI-related Datacom transceivers.For Q1 FY2025, Coherent expects revenue between $1.27 billion and $1.35 billion, with non-GAAP gross margin of 36-38% and non-GAAP EPS of $0.53-$0.69. The company also received its first volume order for new Linebeam annealing systems for Gen 8 fabs, driven by initial OLED adoption in tablets and laptops.

Coherent Corp. reported Q4 FY2024 revenue of $1.314 billion, up 9.1% year-over-year, driven by strong growth in AI-related Datacom transceiver revenue. GAAP gross margin improved 437 bps YoY to 32.9%, while non-GAAP gross margin rose 132 bps to 37.2%.GAAP EPS improved by $1.02 YoY to a loss of $0.52, and non-GAAP EPS increased 49% YoY to $0.61. The company's Networking segment saw 10% sequential revenue growth, primarily due to strong demand for 800G AI-related Datacom transceivers.For Q1 FY2025, Coherent expects revenue between $1.27 billion and $1.35 billion, with non-GAAP gross margin of 36-38% and non-GAAP EPS of $0.53-$0.69. The company also received its first volume order for new Linebeam annealing systems for Gen 8 fabs, driven by initial OLED adoption in tablets and laptops.