---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-139932"
form_type: "8-K"
ticker: "COHR"
cik: "0000820318"
company_name: "COHERENT CORP."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T07:32:40.769481+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Coherent Q3 revenue $1.24B, GAAP EPS $(0.24); plans restructuring, reviews SiC options

## Summary
- Revenue $1.24B (+50% YoY, organic +6%); non-GAAP EPS $0.58 vs $0.95 prior year.
- GAAP net income $2.5M, diluted EPS $(0.24) due to $0.58 per share adjustments.
- Multi-year restructuring: site consolidation, head-count reduction, relocation to lower-cost sites.
- Reviewing strategic alternatives for Silicon Carbide Business: minority investment, JV, or sale.
- Guidance Q4: rev $1.125-1.175B, non-GAAP EPS $0.33-0.43; FY rev $5.08-5.15B.

## SEC filing metadata
- accession: 0001193125-23-139932
- form_type: 8-K
- ticker: COHR
- cik: 0000820318
- company_name: COHERENT CORP.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/820318/000119312523139932/0001193125-23-139932-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/820318/000119312523139932/d426278d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-139932
- JSON: https://secwatch.observer/filing/0001193125-23-139932.json
- Plain text: https://secwatch.observer/filing/0001193125-23-139932.txt

## Key facts
- Earnings Releases
  COHERENT CORP. reported fourth fiscal quarter ending June 30, 2023 results: revenue $1,125 million to $1,175 million, EPS $0.33 to $0.43. Guidance reaffirmed.
  - Period: fourth fiscal quarter ending June 30, 2023
  - Revenue: $1,125 million to $1,175 million
  - EPS: $0.33 to $0.43
  - Guidance: reaffirmed
  - Result: guidance update
  source text: The outlook for the fourth fiscal quarter ending June 30, 2023 is revenue of $1,125 million to $1,175 million and earnings per diluted share on a non-GAAP basis of $0.33 to $0.43.
  evidence_url: https://www.sec.gov/Archives/edgar/data/820318/000119312523139932/0001193125-23-139932-index.htm
- Earnings Releases
  COHERENT CORP. reported fiscal 2023 third quarter ended March 31, 2023 results: revenue $1.24 billion, EPS $(0.24). Guidance reaffirmed.
  - Period: fiscal 2023 third quarter ended March 31, 2023
  - Revenue: $1.24 billion
  - EPS: $(0.24)
  - Guidance: reaffirmed
  - Result: reported results
  source text: Coherent Corp. Reports Fiscal 2023 Third Quarter Results • Revenue of $1.24 billion, Grew 50% Year-Over-Year • Organic Revenue Growth of 6% Year-Over-Year • Backlog of $2.6 billion, Grew 23% Year-Over-Year • Quarterly Operating Cash Flow of $152 million • GAAP EPS of $(0.24) • Non-GAAP EPS of $0.58 • Establishes multi-year restructuring plan
  evidence_url: https://www.sec.gov/Archives/edgar/data/820318/000119312523139932/0001193125-23-139932-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.