Coherent Corp

COHR

Equity

ISIN US19247G1076 / Valor 121251014

New York Stock Exchange, Inc (2024-11-21)

USD 105.72+2.26%

Coherent Corp
UMushroom community rating:

5.00 1 votes No rating yet

NegativeNeutralPositive

About company

Coherent Corp., established in 1971 and headquartered in Saxonburg, Pennsylvania, is a prominent company specializing in materials, networking, and laser technologies for a variety of markets including industrial, communications, electronics, and instrumentation. With operations spanning over 20 countries, Coherent has evolved from its initial focus on manufacturing high-quality materials and optics for industrial lasers to becoming a key player in driving major market megatrends. The company is renowned for its contributions to enhancing safety, health, connectivity, and efficiency across the globe. Coherent's product offerings are diverse, ranging from compound semiconductor technology platforms that cater to the consumer electronics and automotive industries, to semiconductor lasers that play critical roles in smartphone security and augmented reality applications. Additionally, Coherent boasts the industry’s most comprehensive portfolio of products for optical communications, supporting the backbone of global internet and cloud services. This broad spectrum of innovative technologies and products positions Coherent as a vital enabler of future market developments and trends.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Coherent Corp. reported revenue of $1.314 billion for the fourth quarter of fiscal 2024, marking a 9.1% year-over-year increase. This growth was primarily driven by ongoing AI-related strength in their Datacom transceiver business.

Gross Margin Improvement

For the fourth quarter of fiscal 2024, Coherent Corp. achieved a GAAP gross margin of 32.9%, which represents an improvement of 437 basis points year-over-year. On a non-GAAP basis, the gross margin was 37.2%, showing an increase of 132 basis points year-over-year.

Earnings Per Share

Coherent Corp. reported a GAAP net loss of $(0.52) per diluted share for the fourth quarter of fiscal 2024, an improvement of $1.02 year-over-year. On a non-GAAP basis, the company reported net income of $0.61 per diluted share, an increase of $0.20 or 49% year-over-year.

Full Year Financials

For the full fiscal year 2024, Coherent Corp. reported revenue of $4.708 billion. The GAAP gross margin for the year was 30.9%, with a GAAP net loss of $(1.84) per diluted share. On a non-GAAP basis, the gross margin was 36.0%, and net income per diluted share was $1.67.

Business Outlook

Looking ahead to the first quarter of fiscal 2025, Coherent Corp. expects revenue to be between $1.27 billion and $1.35 billion. The company anticipates a non-GAAP gross margin percentage between 36% and 38%, with total operating expenses ranging from $260 million to $280 million on a non-GAAP basis.

Summarized from source with an LLMView Source

Key figures

201%1Y

65.0%3Y

285%5Y

Performance

53.4%1Y

55.9%3Y

56.2%5Y

Volatility