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Investment Rating - The report does not explicitly state an investment rating for Coherent (COHR) Core Insights - Coherent's FY2024 revenue was $4.708 billion, a decrease of 8.8% year-over-year, with a Non-GAAP net profit of $381 million, down 32.8% year-over-year, and diluted EPS of $1.67 [5][15] - In FY24Q4, the company achieved revenue of $1.314 billion, a year-over-year increase of 9.1%, primarily driven by the growth in data communication optical modules due to AI demand [5][15] - The company expects FY25Q1 revenue to be between $1.27 billion and $1.35 billion, with a Non-GAAP gross margin forecasted at 36%-38% [11] Summary by Sections 1. Coherent FY2024 Operating Performance - For FY2024, Coherent reported total revenue of $4.708 billion, a decline of 8.8% compared to the previous year, with a Non-GAAP net profit of $381 million, down 32.8% [5][15] - In FY24Q4, the company generated $1.314 billion in revenue, reflecting a 9.1% increase year-over-year, largely due to the strong performance of data communication optical modules [5][15] 2. Revenue Breakdown by Industry - The networking segment was the largest revenue contributor, generating $2.296 billion in FY2024, with a Non-GAAP operating profit of $308 million [8] - The materials segment reported $1.017 billion in revenue, with a Non-GAAP operating profit of $214 million, while the lasers segment generated $1.395 billion with a Non-GAAP operating profit of $187 million [8] 3. FY25Q1 Company Performance Guidance - Coherent anticipates FY25Q1 revenue between $1.27 billion and $1.35 billion, with expected Non-GAAP gross margins of 36%-38% and operating costs between $260 million and $280 million [11] 4. Conference Call Highlights - The company is focusing on optimizing its asset portfolio and reallocating investments to high-growth opportunities while reducing investments in underperforming areas [12][13] - Coherent aims to improve its gross margin to over 40% through pricing optimization and enhancing product yield and overall asset utilization [12][13] - The 800G optical module revenue is experiencing strong growth, with increasing backlog orders, and the company has delivered initial samples of the 1.6T optical module, expected to enter mass production in 2025 [12][14]

Yori Meirizan/iStock via Getty Images FY23Q4 % share FY24 % share FY24Q4 YoY FY 23-24 YoY Q4 FY23 FY24Q1 FY24Q2 FY24Q3 FY24Q4 FY24 Networking 585 2341 473 524 619 680 2296 49% 52% -2% 16% Lasers 1469 336 354 351 1396 30% 333 355 27% -5% 7% Materials 1350 245 254 239 279 1017 288 22% 21% -25% -3% 1206 5160 1054 1132 1209 1314 4709 -94 9% The AI Story Might Need Some Sobriety In the current hype phase surrounding the potential begiming of an AI revolution, Nvidia (NVDA) clearly stands out as the most prominen ...

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended June 30, 2024 ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to . Commission File Number: 001-39375 COHERENT CORP. (Exact name of registrant as specified in its charter) Pennsylvania 25-1214948 (State or other jurisdiction of incorporation or ...

Coherent Corp. COHR reported upbeat earnings for its fourth quarter on Thursday. Smart Score Overall Average Return Percentile Number of Ratings 81st 311 Coherent reported quarterly earnings of 61 cents per share which beat the analyst consensus estimate of 60 cents per share. The company reported quarterly sales of $1.314 billion which beat the analyst consensus estimate of $1.276 billion. Jim Anderson, CEO, said, "After meeting with many of our employees and customers, I am more excited today about Cohere ...

Financial Data and Key Metrics Changes - Revenue in Q4 increased by approximately 9% both sequentially and year-over-year, reaching $1.314 billion, driven primarily by strong growth in datacom transceivers for AI data-centric deployments [16][20] - Non-GAAP gross margin expanded by 145 basis points sequentially, primarily due to recovery from transitory issues that impacted Q3 [16][21] - Non-GAAP EPS grew by 16% sequentially and by almost 50% year-over-year as a result of top line growth and margin expansion [16][24] - GAAP gross margin improved by 255 basis points sequentially and by 437 basis points year-over-year, reaching 32.9% [20][21] - Total debt at the end of FY '24 is $4.17 billion, with unrestricted cash increasing to $926 million from $899 million in the prior quarter [24][25] Business Line Data and Key Metrics Changes - In the communications end market, Q4 revenue increased by 10% sequentially and by 19% year-over-year, with datacom revenue growing 16% sequentially and 58% year-over-year [16][17] - The materials segment revenue increased 17% sequentially but decreased 3% year-over-year [20] - Laser segment revenue increased by 1% sequentially and by 7% year-over-year [20] Market Data and Key Metrics Changes - Strong sequential growth in 800G datacom transceiver revenue in Q4, with increasing orders in backlog for current and future quarters [17] - Telecom revenue declined by 6% sequentially and 38% year-over-year due to end market weakness, with expectations for continued weakness in the near term [16][17] - Industrial end market revenue increased 2% sequentially and 5% year-over-year, with expectations for soft demand in the near term [18] Company Strategy and Development Direction - The company is focused on three key areas for improvement: culture, strategy, and execution [9][15] - A portfolio review has been initiated to assess each product line across strategic and financial criteria, with plans to shift investment to areas of greatest opportunity and divest underperforming assets [10][11] - The company aims to improve operational efficiency and effectiveness, with a goal of achieving a sustainable gross margin level above 40% [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the potential for shareholder value creation based on innovation and market opportunities, particularly in datacom [19] - While some near-term softness persists in telecom and industrial end markets, fiscal 2025 is expected to be a solid growth year for the company [19] - The company is taking a cautious view on the telecom market, expecting continued softness in the near term [45] Other Important Information - The company plans to hold an Investor and Analyst Meeting in the coming quarters to lay out its strategy, market growth opportunities, and operational strategy [11][15] - The search for a new CFO is ongoing, with both internal and external candidates being considered [15] Q&A Session Summary Question: Early reads on the strategic assessment and core vs non-core criteria - Management is pleased with the portfolio assessment work and is categorizing businesses into growth engines, profit engines, long-term bets, and nonstrategic or underperforming businesses [27][28] Question: Gap between current gross margins and aspirations - The gap is attributed to underperforming businesses and opportunities for pricing improvement and cost structure enhancements [31][32] Question: Glide path to achieving gross margins above 40% - Management plans to discuss the timing of gross margin improvements at the upcoming Investor Day [37] Question: Update on the optical opportunity and transceiver business - The growth trajectory for the optical transceiver business is stronger than initially expected, with significant demand from AI data centers [41][42] Question: Current state of the telecom market - Management is taking a cautious view on the telecom market, expecting continued softness but has new products ramping that could provide growth [45][46] Question: Performance of the materials business - The materials business saw improvement due to catching up on silicon carbide production issues from Q3 [49] Question: Engagement with hyperscale customers in datacom - The breadth of customers for 800G continues to grow, with improved order visibility extending into the next calendar year [52] Question: Impact of NVIDIA's product schedule on order book - Management cannot comment on specific customers but notes overall strengthening in the order book [55] Question: CapEx priorities beyond expanding 800G - The primary CapEx priority is to support growing demand in the datacom business, including building out 1.6T capacity [70]

Coherent (COHR) reported $1.31 billion in revenue for the quarter ended June 2024, representing a year-overyear increase of 9.1%. EPS of $0.61 for the same period compares to $0.41 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.28 billion, representing a surprise of +2.90%. The company delivered an EPS surprise of +1.67%, with the consensus EPS estimate being $0.60. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

Coherent (COHR) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 1.67%. A quarter ago, it was expected that this Laser and optics manufacturer would post earnings of $0.42 per share when it actually produced earnings of $0.53, delivering a surprise of 26.19%. Over the last four quarter ...

Q4 REVENUE OF $1.314B, GREW 9.1% Y/Y Q4 GAAP GROSS MARGIN OF 32.9%, GREW 437 bps Y/Y; Q4 NON-GAAP GROSS MARGIN OF 37.2%, GREW 132 bps Y/Y Q4 GAAP EPS OF ($0.52), IMPROVEMENT OF $1.02 Y/Y; Q4 NON-GAAP EPS OF $0.61, IMPROVEMENT OF $0.20 OR +49% Y/Y PITTSBURGH, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR) ("Coherent," "We," or the "Company"), a global leader in materials, networking, and lasers, announced financial results today for its fiscal fourth quarter and full year ended June 30, 2024. ...

Exhibit 99.1 Coherent Corp. 375 Saxonburg Blvd. Saxonburg, PA 16056-9499 PRESS RELEASE COHERENT CORP. REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2024 RESULTS ● Q4 REVENUE OF $1.314B, GREW 9.1% Y/Y ● Q4 GAAP GROSS MARGIN OF 32.9%, GREW 437 bps Y/Y; Q4 NON-GAAP GROSS MARGIN OF 37.2%, GREW 132 bps Y/Y ● Q4 GAAP EPS OF ($0.52), IMPROVEMENT OF $1.02 Y/Y; Q4 NON-GAAP EPS OF $0.61, IMPROVEMENT OF $0.20 OR +49% Y/Y PITTSBURGH, Aug. 15, 2024 – Coherent Corp. (NYSE: COHR) ("Coherent," "We," or the "Company"), a glob ...