The key Coherent product innovation is merging exceptional high-power performance and superior beam quality to achieve unique performance characteristics previously unavailable. Additionally, it incorporates a design that emphasizes manufacturability and lightweight construction, featuring a 130 µm geometry made possible by a proprietary Coherent manufacturing technology. PITTSBURGH, May 23, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in high- performance optical networking and laser solu ...

Core Insights - Coherent Corp. has launched the first single-mode, polarization-maintaining erbium-ytterbium co-doped optical fiber for high-power applications, achieving over 20 W average power capabilities [1][3]. Product Innovation - The new optical fiber merges high-power performance with superior beam quality, featuring a lightweight design with a 130 µm geometry enabled by proprietary manufacturing technology [2]. - This innovation is particularly suited for quantum computing and coherent LiDAR research, enhancing the power scalability of existing single-frequency amplifier systems [3]. Product Availability - Coherent offers a range of customized erbium-ytterbium co-doped fibers with various compositions and numerical apertures, including the PM-EYDF-10P/130-XPH and matching passive optical fiber products, which are available immediately [4].

Investors might want to bet on Coherent (COHR) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this Laser and optics manufacturer, should get reflected in its stock price. After all, empirical research shows a strong correlat ...

A deep dive into Coherent's third-quarter earnings report reveals key financial metrics.Coherent (COHR -1.52%), a leader in photonics technology, released its third-quarter earnings for fiscal year 2024 on May 6. The company reported earnings and revenue that exceeded the top end of management's guidance range, except for a disappointing gross margin.MetricQ3 FY24 ResultManagement Guidance For Q3 FY24Q3 FY23 ResultChange from Q3 FY23Non-GAAP EPS$0.53$0.32-$0.52$0.58(8.6%)Revenue (billion)$1.21$1.12-$1.20$1. ...

PITTSBURGH, May 07, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE:COHR), a global leader in materials, networking, and lasers, announced today that the company will host an Instrumentation Market Overview webcast for investors, equity analysts, and the public on Tuesday, May 14, at 10:00 a.m. ET. Individuals wishing to view the 90-minute webcast can access the event at the company's website by visiting coherent.com/company/investor-relations/financial-webcasts. The event will be recorded, and a replay will ...

Financial Data and Key Metrics Changes - The company reported a nearly 7% sequential increase in revenue, reaching $1.209 billion, and a non-GAAP EPS of $0.53, which was above the high end of guidance [135][160] - Guidance for Q4 fiscal '24 is set at approximately $1.123 billion to $1.32 billion in revenue and non-GAAP EPS of approximately $0.52 to $0.68 [137] - For the full year, revenue guidance is approximately $4.62 billion to $4.7 billion, reflecting a $70 million increase at the low end of previous guidance [137] Business Line Data and Key Metrics Changes - The company experienced strong AI-related demand for 800G datacom transceivers, with projected revenue for Q4 exceeding $250 million [163] - There was a slight unexpected yield issue impacting the 800G ramp-up in Q3, which has since been resolved, leading to expectations of significant margin improvement in datacom [48][210] - The silicon carbide segment faced operational issues due to a power failure, but corrective actions are in place, and a strong Q4 is anticipated with over 50% growth from Q3 [52][175] Market Data and Key Metrics Changes - The market for 800G and above is projected to grow at a 60% CAGR over the next five years, indicating strong demand in the datacom sector [22][210] - The sub-800G market is expected to remain flat over the next few quarters, while the overall datacom transceiver market is projected to grow at 21% CAGR over five years [171][210] - The company noted mixed performance in the telecom market, with strength observed in the China market due to new C+L network build-outs [215] Company Strategy and Development Direction - The company is focusing on diversifying across product, technology, and regional markets to mitigate risks and capitalize on growth opportunities [136] - There is an ongoing transformation with a new ERP implementation and the introduction of AI tools aimed at achieving higher margins [12] - The company is committed to innovation, particularly in the optical circuit switch market, which is expected to create new opportunities worth billions [67] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth for FY '25, particularly in the 800G segment, despite a more normalized order pattern from customers [7][163] - The company anticipates a recovery in the industrial market and stabilization in instrumentation and electronics markets, which are expected to return to growth [136] - Management acknowledged the challenges in the telecom market but highlighted pockets of strength, particularly in China [215] Other Important Information - The company has successfully reduced interest rate margins on its $2.4 billion secured term-loan B, resulting in annual savings of approximately $9 million [159] - The company has achieved a credit rating upgrade to Ba2 by Moody's, reflecting its leadership position in the AI market [159] Q&A Session Summary Question: What are the key growth drivers for the 800G or datacom business in FY '25? - Management indicated strong growth in overall 800G and AI-related demand, with customer interactions improving and significant revenue projections for Q4 [163] Question: Can you provide clarity on the silicon carbide segment and its development? - The silicon carbide segment faced operational issues but is now on track, with pre-production quantities being supplied to multiple customers and positive feedback received [188] Question: What is the outlook for the telecom market? - Management noted mixed areas of strength and weakness in the telecom market, with significant build-outs in China and differentiated products providing strength [215]

20 Three Months Ended March 31, 2023 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------|-------|---------------------------|-----------|--------|-------|--------------------------|-----------|---------| | | | Three Months Ended \n2024 | March 31, | 2023 | | Nine Months Ended \n2024 | March 31, | 2023 | | Stock Options and Cash-Based Stock Appreciation Rights | $ | 1,078 | $ | 767 | $ | 824 | $ | 927 | | Restricted Share Awards and ...

For the quarter ended March 2024, Coherent (COHR) reported revenue of $1.21 billion, down 2.5% over the same period last year. EPS came in at $0.53, compared to $0.58 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.17 billion, representing a surprise of +3.45%. The company delivered an EPS surprise of +26.19%, with the consensus EPS estimate being $0.42.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...

Coherent (COHR) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 26.19%. A quarter ago, it was expected that this Laser and optics manufacturer would post earnings of $0.23 per share when it actually produced earnings of $0.36, delivering a surprise of 56.52%.Over the last four quarter ...

6 Networking. Lower than expected Datacom gross margin accounted for over 50% of the total adverse impact. Specifically, lower transceiver yields was the primary issue. We have implemented a number of corrective actions, have started to see meaningful improvement in yield, and expect to attain our targeted yield by the time we exit the first quarter of fiscal 2025. Unchanged Long-Term Outlook; Growth Bias. Our longer-term outlook for improved margin structure and strong secular growth in all of our markets ...