Coherent Corp. reports record Q2 revenue $1.37B, up 70% YoY; GAAP EPS -$0.58, Non-GAAP EPS $0.95

COHERENT CORP.

2023-Q2 EPS reported -$1.14 revenue$2,714,855,000

Record revenue $1,370M, up 70% YoY; organic growth 23%; backlog $2.9B, up 68% YoY.
GAAP net loss $45.1M (-$0.58 EPS); Non-GAAP net earnings $171.4M ($0.95 EPS).
Telecom and Datacom revenue strong; Silicon Carbide materials scaling up capacity and throughput.
Integration synergies $30M annualized achieved; on track to $65M. Debt retired $133M in quarter.
Q3 guidance: revenue $1.32B-$1.37B, Non-GAAP EPS $0.75-$0.90; FY23 revenue $5.35B-$5.5B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COHERENT CORP. updated its third fiscal quarter ending March 31, 2023 guidance (reaffirmed).

Period: third fiscal quarter ending March 31, 2023
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

The outlook for the third fiscal quarter ending March 31, 2023 is revenue of $1,320 million to $1,370 million and earnings per diluted share on a non-GAAP basis of $0.75 to $0.90.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

COHERENT CORP. reported fiscal 2023 second quarter ended December 31, 2022 results: revenue $1.37 billion, EPS GAAP EPS of $(0.58).

Period: fiscal 2023 second quarter ended December 31, 2022
Revenue: $1.37 billion
EPS: GAAP EPS of $(0.58)
Result: reported results

Exact text from the filing

Coherent Corp. Reports Fiscal 2023 Second Quarter Results • Record Revenue of $1.37 billion, Grew 70% Year-Over-Year • Organic Revenue Growth of 23% Year-Over-Year • Backlog of $2.9 billion, Grew 68% Year-Over-Year • GAAP EPS of $(0.58) • Non-GAAP EPS of $0.95

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COHERENT CORP. filing history →

Source: SEC EDGAR

accession 0001193125-23-027572

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