Coherent reports record Q1 revenue $1.34B (+69% YoY); non-GAAP EPS $1.04

Outlook The outlook for the second fiscal quarter ending December 31 2022 is revenue of $1,340 million to $1,400 million and earnings per diluted share on a non-GAAP basis of $0.88 to $1.00. This is at today’s exchange rate and today’s estimated tax impact of 23%. Both of these are subject to variability. For the non-GAAP earnings per share, we added back to the GAAP earnings pre-tax amounts of $83 million in amortization, $34 million in share-based compensation, $46 million related to the preliminary fair value adjustment on acquired inventory, and $20-30 million in transaction, integration and other related costs. Refer to Table 8 for the share count range for the aforementioned outlook. Non-GAAP adjustments are by their nature highly volatile and we have low visibility as to the range that may be incurred in the future. The Company also expects full year revenue between $5,250 to $5,550 million, at today’s exchange rate.

Coherent Corp. Reports Fiscal 2023 First Quarter Results • Record Revenue of 1.34 Billion, Grew 69% Year-Over-Year • Organic Revenue Growth of 20% Year-Over-Year • Record Backlog of $3.05 Billion, Grew 119% Year-Over-Year • GAAP EPS of $(0.56) • Non-GAAP EPS of $1.04