Aug. 14, 2025
— Jeff Ward, Lehigh Valley News Briefs
Shares of Coherent Corp., which has operations in Palmer Township, fell hard today after the maker of optical equipment and semiconductors reported earnings.
The shares (NYSE:COHR) fell about 20% to $91.65.
The company, based near Pittsburgh, reported adjusted earnings per share of $1.00. Revenue for the fourth quarter was $1.53 billion, and under Generally Accepted Accounting Principles (GAAP), the company lost 83 cents per share. GAAP does not allow for adjustments for one-time items.
Where it may have fallen short is in its forecast. Outlooks often outweigh past numbers. The company is also planning to sell its aerospace and defense business.
Coherent expects first-quarter 2026 revenue of $1.46 billion to $1.6 billion, non-GAAP gross margin of 37.5% to 39.5%, and adjusted earnings per share of 93 cents to $1.13.
Revenue for the first quarter of fiscal 2026 is expected to be between $1.46 billion and
$1.60 billion.
Here is a link to the full earnings report, and below is a cut-and-paste of text from the top of that report:
SAXONBURG, Pa., Aug. 13, 2025 (GLOBE NEWSWIRE) – Coherent Corp. (NYSE: COHR) (“Coherent,” “We,” or the “Company”), a global leader in photonics, announced financial results today for the fiscal fourth quarter and full year fiscal 2025 ended June 30, 2025.
Revenue for the fourth quarter of fiscal 2025 was a record $1.53 billion, with GAAP gross margin of 35.7% and GAAP net loss of $0.83 per diluted share. On a non-GAAP basis, gross margin was 38.1% with net income per diluted share of $1.00.
Revenue for the full year fiscal 2025 was a record $5.81 billion, with GAAP gross margin of 35.2% and GAAP net loss of $0.52 per diluted share. On a non-GAAP basis, gross margin was 37.9% with net income per diluted share of $3.53.
Jim Anderson, CEO, said, “We delivered a strong fiscal 2025 with revenue growth of 23% and non-GAAP EPS expansion of 191%. We believe we are well positioned to continue to drive strong revenue and profit growth over the long-term given our exposure to key growth drivers such as AI datacenters. We also continue to optimize and focus our portfolio with the recently announced agreement to sell our Aerospace and Defense business. As we enter a new fiscal year, we are excited about the growth opportunities ahead of us.”
Sherri Luther, CFO, said, “In fiscal 2025, in addition to strong revenue growth, we achieved gross margin expansion of 358 basis points on a year-over-year basis. Revenue growth and margin expansion drove improvement in our operating cash flow, which enabled us to repay approximately $437 million of our outstanding debt for the full fiscal year.”
Lehigh Valley News Briefs 