erent (US:COHR) Globenewswire·2026-02-04 21:05Core Viewpoint - Coherent Corp. reported strong financial results for the second quarter of fiscal year 2026, with significant year-over-year revenue growth driven by demand in the datacenter and communications segments, and anticipates continued growth in the upcoming quarters [1][2]. Financial Performance - Revenue for Q2 FY26 was $1.69 billion, representing a 17.5% increase year-over-year from $1.44 billion in Q2 FY25 [1][4]. - GAAP gross margin was 36.9%, up 145 basis points year-over-year, while non-GAAP gross margin was 39.0%, an increase of 77 basis points year-over-year [4][6]. - GAAP net income was $0.76 per diluted share, a 71% increase from $0.44 in Q2 FY25, and non-GAAP net income was $1.29 per diluted share, up 35% from $0.95 [4][6]. Segment Performance - The datacenter and communications segment showed strong demand, contributing significantly to revenue growth [2]. - The industrial segment is also expected to improve, supporting the overall business outlook [2]. Operating Expenses - Total operating expenses for Q2 FY26 were $439 million, a 37.1% increase from $320 million in Q1 FY26 [6]. - Research and development expenses were 9.8% of revenue, consistent with the previous year, while selling, general, and administrative expenses decreased slightly to 15.3% [6]. Business Outlook - The company expects revenue for Q3 FY26 to be between $1.70 billion and $1.84 billion, with a gross margin percentage between 38.5% and 40.5% on a non-GAAP basis [15]. - Continued capital investment is planned to support production capacity expansion in response to strong demand [2].