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8-K: COHERENT CORP. REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2024 RESULTS

SEC ·  Aug 15, 2024 13:09

Summary by Moomoo AI

Coherent Corp. reported Q4 FY2024 revenue of $1.314 billion, up 9.1% YoY and 8.7% QoQ, driven by strong growth in AI-related 800G datacom transceiver revenue. Non-GAAP gross margin improved to 37.2%, up 132 basis points YoY, while non-GAAP EPS rose 49% YoY to $0.61.The Communications segment led growth with 10% sequential revenue increase, supported by the milestone of shipping over 300 million datacom transceivers from the Ipoh, Malaysia facility. The company also secured its first volume order for new Linebeam annealing systems for Gen 8 OLED display fabs.For Q1 FY2025, Coherent expects revenue between $1.27-1.35 billion, non-GAAP gross margin of 36-38%, and non-GAAP EPS of $0.53-0.69. The company's full-year FY2024 revenue was $4.708 billion, with non-GAAP gross margin of 36.0% and non-GAAP EPS of $1.67.
Coherent Corp. reported Q4 FY2024 revenue of $1.314 billion, up 9.1% YoY and 8.7% QoQ, driven by strong growth in AI-related 800G datacom transceiver revenue. Non-GAAP gross margin improved to 37.2%, up 132 basis points YoY, while non-GAAP EPS rose 49% YoY to $0.61.The Communications segment led growth with 10% sequential revenue increase, supported by the milestone of shipping over 300 million datacom transceivers from the Ipoh, Malaysia facility. The company also secured its first volume order for new Linebeam annealing systems for Gen 8 OLED display fabs.For Q1 FY2025, Coherent expects revenue between $1.27-1.35 billion, non-GAAP gross margin of 36-38%, and non-GAAP EPS of $0.53-0.69. The company's full-year FY2024 revenue was $4.708 billion, with non-GAAP gross margin of 36.0% and non-GAAP EPS of $1.67.
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