Core Viewpoint - The company reported strong quarterly performance with revenue of $1.58 billion, a 17% year-over-year increase, exceeding market expectations of $1.54 billion, driven by robust demand in AI data centers and communications [1][3]. Financial Performance - Revenue reached $1.58 billion, up 17% year-over-year and 3% quarter-over-quarter, surpassing market expectations [3][6]. - Earnings per share (EPS) were $1.16, exceeding Wall Street's average estimate of $1.04, marking the fourth consecutive quarter of surpassing earnings expectations [3][5]. - Non-GAAP gross margin improved to 38.7%, up 70 basis points quarter-over-quarter and 200 basis points year-over-year [6][8]. - Non-GAAP operating profit margin increased to 19.5%, up from 18% in the previous quarter [9]. Demand and Supply Dynamics - The company experienced record order levels in optical network products, driven by surging demand from AI data centers [3][10]. - Despite strong demand, the company faced supply constraints due to limitations in indium phosphide laser production, impacting its ability to fully meet market needs [12][14]. - The company plans to double its indium phosphide production capacity within the next 12 months to address ongoing demand [10][17]. Cost Management and Profitability - The improvement in profit margins is attributed to pricing optimization, cost reductions, and yield enhancements [8][9]. - The company successfully reduced its debt leverage ratio to 1.7 times, down from 2.4 times a year ago, by repaying $400 million in debt [6][13]. Future Outlook - For the second quarter of 2026, the company expects revenue to be between $1.56 billion and $1.7 billion, with a non-GAAP gross margin forecasted between 38% and 40% [5][6]. - The company anticipates continued strong demand in both data center and telecommunications sectors, with expectations for ongoing growth in the communication business [16][32].

激光和光学元件制造商Coherent在本财年第一季度展现强劲表现，营收和每股收益均超出市场预期。AI数据中心业务需求激增推动公司光学网络 产品订单达到创纪录水平，管理层正积极扩充产能以应对持续增长的客户需求。 11月6日，Coherent公布截至2025年9月的财季每股收益为1.16美元，超出华尔街平均预期的1.04美元。这是该公司连续第四个季度超越市场盈利预 期。 公司当季营收达15.8亿美元，同比增长17%，同样超出市场预期的15.4亿美元。若剔除航空航天和国防业务，营收同比增幅达到19%。这一业绩超 预期主要得益于AI数据中心和通信领域的强劲需求，但公司管理层承认受到磷化铟激光器供应限制的制约，未能充分满足市场需求。 财报亮点数据： 受益于强劲的财报业绩，Coherent盘前涨超15%。公司年内股价涨超33%，远超标准普尔500指数同期15.1%的涨幅。 首席执行官James Anderson强调，公司在定价方面聚焦于产品提供的价值，尤其是在独家供应的领域。这一策略与成本控制和良率改善相结合， 支撑公司实现长期毛利率超过42%的目标。 产能扩张应对供应瓶颈 营收：15.8亿美元，环比增长3%，同比增长1 ...