NYSE$COHR
Coherent Corp · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Coherent Corp. reported strong growth in revenue and significant improvements in gross margin and operating margin for the second quarter of fiscal 2025.
Coherent Corp. announced record revenue of $1.43 billion for the second quarter of fiscal 2025, marking a 27% year-over-year increase. The company also saw significant improvements in both GAAP and non-GAAP gross margins and EPS, driven by strong AI-related Data Center demand and growth in the Telecom business.
- Record revenue of $1.43 billion, up 27% year-over-year.
- GAAP gross margin increased by 452 bps year-over-year to 35.5%.
- Non-GAAP gross margin increased by 363 bps year-over-year to 38.2%.
- Diluted GAAP EPS improved by $0.82 year-over-year to $0.44, and non-GAAP EPS improved by $0.69 year-over-year to $0.95.
Headline financials
Revenue & EPS history
Coherent · Revenue · Quarterly
$1.43B
Forward guidance
For the third quarter of fiscal 2025, Coherent Corp. expects revenue between $1.39 billion and $1.48 billion, non-GAAP gross margin between 37% and 39%, total non-GAAP operating expenses between $285 million and $305 million, and non-GAAP EPS between $0.75 and $0.95.
Tailwinds
- Expected revenue of $1.39 billion to $1.48 billion for Q3 FY25.
- Anticipated non-GAAP gross margin between 37% and 39% for Q3 FY25.
- Expected non-GAAP EPS between $0.75 and $0.95 for Q3 FY25.
- CHIPS Act funding to increase Indium Phosphide (InP) production capacity.
- First customer order for new Optical Circuit Switch (OCS) based on unique digital liquid crystal technology.
Headwinds
- No specific negative forward guidance points were explicitly stated in the provided text.
- Potential for market conditions to impact future performance.
- Risks associated with realizing benefits from R&D investments and commercialization of innovations.
- Uncertainty regarding the Company's stock price performance relative to industrial technology leaders.
- Potential for business and economic disruption from worldwide health epidemics or outbreaks.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2025
+1.1%
Avg return
Earnings day
+2.5%
Avg return
5 days after
+2.4%
Avg return
30 days after
54%
36 / 67 earnings
Positive
+18.1%
Q1 2026
Best reaction
-30.7%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -7.8% | +8.5% | +9.3% | |
| Q2 2026 | -0.8% | +8.2% | +11.7% | |
| Q1 2026 | +18.1% | +17.4% | +35.0% | |
| Q3 2025 | +1.5% | +13.3% | +14.5% | |
| Q2 2025 | +11.5% | -2.9% | -26.1% | |
| Q1 2025 | +17.0% | +11.9% | +18.9% | |
| Q4 2024 | +14.4% | +17.3% | +16.4% | |
| Q3 2024 | -2.1% | -5.0% | +18.1% | |
| Q2 2024 | +0.6% | +26.9% | +31.7% | |
| Q1 2024 | -0.1% | +3.4% | +18.7% | |
| Q4 2023 | -30.7% | -27.6% | -29.1% | |
| Q3 2023 | -8.6% | -9.8% | +22.0% | |
| Q2 2023 | -2.4% | -2.3% | -12.2% | |
| Q1 2023 | +17.2% | +26.5% | +18.0% | |
| Q4 2022 | -2.2% | -9.6% | -33.0% | |
| Q2 2022 | -0.8% | -1.3% | -6.5% | |
| Q3 2022 | +6.1% | +6.1% | -0.6% | |
| Q1 2022 | +5.3% | +4.2% | +1.2% | |
| Q4 2021 | +0.6% | +2.5% | +5.0% | |
| Q3 2021 | -1.6% | -4.2% | -5.4% | |
| Q2 2021 | -4.6% | -1.4% | +8.7% | |
| Q1 2021 | +5.9% | -4.4% | -24.0% | |
| Q4 2020 | +3.5% | +5.1% | +21.7% | |
| Q3 2020 | +1.3% | +0.1% | -24.2% | |
| Q2 2020 | +1.0% | +2.8% | +5.0% | |
| Q1 2020 | -0.6% | -1.3% | -17.1% | |
| Q4 2019 | +3.0% | +1.4% | -17.7% | |
| Q3 2019 | -2.5% | -8.3% | -8.2% | |
| Q2 2019 | -4.2% | +3.8% | -17.2% | |
| Q1 2019 | -0.8% | +12.7% | +27.0% | |
| Q4 2018 | +2.8% | -15.5% | -22.3% | |
| Q3 2018 | -6.2% | -7.8% | +19.5% | |
| Q2 2018 | +13.1% | +13.3% | +15.4% | |
| Q1 2018 | -5.5% | -7.1% | +3.2% | |
| Q4 2017 | +4.4% | +12.3% | +3.8% | |
| Q3 2017 | -5.0% | -7.2% | -5.9% | |
| Q2 2017 | +6.9% | +4.9% | +8.2% | |
| Q1 2017 | +5.9% | +8.3% | -2.3% | |
| Q4 2016 | +0.0% | +2.4% | +7.2% | |
| Q3 2016 | +0.3% | +0.7% | +5.7% | |
| Q2 2016 | +0.5% | — | — | |
| Q1 2016 | +6.7% | — | — | |
| Q4 2015 | +1.1% | — | — | |
| Q3 2015 | -0.3% | — | — | |
| Q2 2015 | -7.3% | — | — | |
| Q1 2015 | +2.7% | — | — | |
| Q4 2014 | +1.3% | — | — | |
| Q3 2014 | +1.0% | — | — | |
| Q2 2014 | +1.7% | — | — | |
| Q1 2014 | -5.5% | — | — | |
| Q4 2013 | -6.2% | — | — | |
| Q3 2013 | -6.2% | — | — | |
| Q2 2013 | +4.4% | — | — | |
| Q1 2013 | +2.4% | — | — | |
| Q4 2012 | -1.7% | — | — | |
| Q3 2012 | +6.0% | — | — | |
| Q2 2012 | -0.1% | — | — | |
| Q1 2012 | +2.2% | — | — | |
| Q4 2009 | +7.6% | — | — | |
| Q4 2011 | +7.6% | — | — | |
| Q3 2010 | +4.2% | — | — | |
| Q3 2011 | +4.2% | — | — | |
| Q2 2010 | -0.8% | — | — | |
| Q2 2011 | -0.8% | — | — | |
| Q1 2010 | -2.4% | — | — | |
| Q1 2011 | -2.4% | — | — | |
| Q4 2010 | -2.4% | — | — |
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