Earnings Releases·Nov 4, 2026, 4:05 PM ET

Coherent Corp. — First Quarter Fiscal 2027 Earnings Summary

Q1 FY27 revenue reached $2.37 billion, a 49.9% year-over-year increase (56% pro forma), while non-GAAP diluted EPS rose 80% to $2.09 and non-GAAP net earnings increased 91.0% to $422 million.
The company provided Q2 FY27 guidance of $2.55–$2.75 billion in revenue and $2.28–$2.48 in non-GAAP EPS, projecting a first $3 billion revenue quarter by end of fiscal 2027 and a first $4 billion quarter in fiscal 2028.
Strategic growth is driven by the transition of AI datacenters from copper to optical connectivity, with the Datacenter & Communications segment generating $1.95 billion in revenue.
Capital structure shifts included an increase in total debt to $3.98 billion and $1.55 billion in cash at period end, with no common stock dividends paid in Q1 FY27.