Coherent Corp. reported robust Q1 FY25 results, with revenue reaching $1.35 billion, a 28% increase year-over-year. The growth was primarily driven by AI-related Datacom transceivers. Non-GAAP gross margin improved to 37.7%, up 293 basis points from Q1 FY24, while non-GAAP earnings per share surged 357% to $0.74.The company's performance was particularly strong in the Communications segment, which accounted for 57% of total revenue. Coherent also made significant strides in product innovation, announcing high-efficiency lasers for 1.6T optical transceivers based on silicon photonics and winning an award for its Optical Circuit Switch at ECOC '24.For Q2 FY25, Coherent projects revenue between $1.33 billion and $1.41 billion, with non-GAAP gross margin expected to range from 36% to 38%. The company anticipates non-GAAP earnings per share between $0.61 and $0.77, reflecting continued momentum in its core markets.

Coherent Corp. reported robust Q1 FY25 results, with revenue reaching $1.35 billion, a 28% increase year-over-year. The growth was primarily driven by AI-related Datacom transceivers. Non-GAAP gross margin improved to 37.7%, up 293 basis points from Q1 FY24, while non-GAAP earnings per share surged 357% to $0.74.The company's performance was particularly strong in the Communications segment, which accounted for 57% of total revenue. Coherent also made significant strides in product innovation, announcing high-efficiency lasers for 1.6T optical transceivers based on silicon photonics and winning an award for its Optical Circuit Switch at ECOC '24.For Q2 FY25, Coherent projects revenue between $1.33 billion and $1.41 billion, with non-GAAP gross margin expected to range from 36% to 38%. The company anticipates non-GAAP earnings per share between $0.61 and $0.77, reflecting continued momentum in its core markets.