Coherent Corp. COHR announced the sale of its aerospace and defense business for $400 million and released its fourth-quarter results after Wednesday's closing bell. Here's a look at what to know: COHR is down after-hours. See the full breakdown here.The SaleCoherent said it will sell its aerospace and defense business to private equity firm Advent for $400 million. The company added that proceeds from the sale will be used to reduce debt, which will be immediately accretive to Coherent’s EPS.The deal is ex ...

Core Insights - Coherent Corp. reported record revenues of $1.53 billion for Q4 FY25 and $5.81 billion for the full fiscal year, marking a year-over-year growth of 23% [1][2][4] - The company experienced a GAAP gross margin of 35.7% in Q4 FY25 and 35.2% for the full year, with non-GAAP gross margins at 38.1% and 37.9% respectively, indicating significant margin expansion [1][2][4] - Despite a GAAP net loss of $0.83 per diluted share in Q4 FY25, the non-GAAP EPS was $1.00, reflecting a substantial improvement in profitability metrics [1][2][4] Financial Performance - Q4 FY25 revenues reached $1,529 million, up 2.1% quarter-over-quarter and 16.4% year-over-year, while full-year revenues were $5,810 million, a 23.4% increase from FY24 [1][2][5] - GAAP gross margin improved by 284 basis points year-over-year to 35.2% for FY25, while non-GAAP gross margin increased by 358 basis points to 37.9% [4][5] - The company reported a GAAP net loss of $0.52 per diluted share for FY25, an improvement of $1.32 compared to the previous year, while non-GAAP EPS rose by $2.32 to $3.53 [4][5] Operational Highlights - The CEO highlighted strong revenue growth driven by key growth areas such as AI datacenters, and the company is optimizing its portfolio by selling its Aerospace and Defense business [3][4] - Operating cash flow improved, allowing the company to repay approximately $437 million of outstanding debt during FY25 [3] - The company commenced revenue shipments of its 1.6T datacom transceivers and achieved initial revenue from its optical circuit switch platform, expanding its addressable market by over $2 billion by 2030 [7][8] Business Outlook - For Q1 FY26, the company expects revenues between $1.46 billion and $1.60 billion, with gross margins projected between 37.5% and 39.5% on a non-GAAP basis [15] - The sale of the Aerospace and Defense business is anticipated to close in the current quarter, which will exclude approximately $20 million in revenue from future forecasts [9]

Core Viewpoint - Applied Optoelectronics, Inc. (AOI) is set to release its financial results for the second quarter of 2025 on August 7, 2025, which will be followed by a conference call to discuss the results and the outlook for the third quarter of 2025 [1][2]. Company Overview - AOI is a leading developer and manufacturer of advanced optical and HFC networking products, essential for AI datacenters, CATV, and broadband fiber access networks globally [4]. - The company provides critical infrastructure to tier-one customers in cloud computing, CATV broadband, telecom, and FTTH markets [4]. - AOI has R&D facilities in Atlanta, GA, and engineering and manufacturing facilities in Sugar Land, TX, Taipei, Taiwan, and Ningbo, China [4]. Financial Communication - A conference call and webcast will be held at 4:30 p.m. Eastern Time on the same day as the financial results release, allowing analysts and investors to engage with the company's performance and future outlook [2]. - The conference call will be accessible via a live audio webcast on the company's Investor Relations website, with an archived version available for one year [3]. - A telephonic replay of the call will be available one hour after the call until August 14, 2025 [3].