Coherent Q1 FY2027: revenue up 49.9% to $2.37 billion, EPS $1.90
Coherent's first quarter of fiscal 2027 was a beat-and-raise: revenue of $2.37 billion rose 49.9% year over year and GAAP EPS of $1.90 nearly doubled, while next-quarter guidance sits 11.8% above the quarter just closed. The blemish is cash: free cash flow was negative $868.2 million as capital spending hit $775.5 million. Read the growth and the cash burn together.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $1.90 versus $1.19 a year ago, and non-GAAP was $2.09 versus $1.16. The $0.19 gap between the two is mostly $73.2 million of share-based compensation plus $69.5 million of acquired-intangible amortization. Non-GAAP net earnings reached $422.0 million.
Revenue of $2.37 billion rose 49.9% from $1.58 billion a year earlier and 15.9% from the June quarter. Datacenter & Communications did the work at $1.95 billion, while Industrial shrank to $0.42 billion from $0.49 billion a year ago. Gross margin of 39.1% was 254 basis points better year over year.
Management guides second-quarter revenue to $2.55–$2.75 billion, a $2.65 billion midpoint that is 11.8% above the quarter just reported. Non-GAAP gross margin is guided to 40%–42% and non-GAAP EPS to $2.28–$2.48. They also repeated longer-dated targets: a first $3 billion quarter by the end of fiscal 2027 and a first $4 billion quarter in fiscal 2028.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-04
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