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๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Non-GAAP EPS: $2.09 (Est. $1.97) โ , +80% YoY.
โข Revenue: $2.37B (Est. $2.30B) โ , +50% YoY.
โข GAAP EPS: $1.90 (vs. $1.19 YoY).
โข Non-GAAP Gross Margin: 40.6%, +184 bps YoY.
โข Non-GAAP Operating Income: $550M, +78% YoY.
โข Non-GAAP Operating Margin: 23.2%, +368 bps YoY.
โข GAAP Net Income: $385M, +70% YoY.
โข Non-GAAP Net Income: $422M, +91% YoY.
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข Q2 FY2027 Revenue: $2.55Bโ$2.75B, midpoint $2.65B (Est. $2.54B) โ .
โข Q2 Non-GAAP EPS: $2.28โ$2.48, midpoint $2.38 (Est. $2.21) โ .
โข Q2 Non-GAAP Gross Margin: 40%โ42%.
โข FY2027 Pro Forma Revenue Growth: >60% YoY.
โข First $3B Revenue Quarter: By end of FY2027.
โข First $4B Revenue Quarter: FY2028.
โข Non-GAAP Gross Margin Target: >45% in a quarter before end of 2028.
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Q1 adjusted EPS beat consensus by ~6.1%, while revenue exceeded estimates by ~3.0%.
โข Datacenter & Communications revenue surged 79% YoY to $1.95B, representing ~82% of total revenue.
โข Industrial revenue declined 15% YoY to $419M.
โข Revenue grew 15.9% sequentially, driven by strong demand for optical connectivity in AI infrastructure.
โข Non-GAAP operating income increased 78% YoY, significantly outpacing revenue growth.
โข Q2 revenue guidance midpoint is ~4.3% above consensus, implying ~11.8% sequential growth.
โข Management expects FY2027 pro forma revenue growth above 60%, more than double FY2026's pace.
โข Capital expenditures surged to $775.5M from $103.9M YoY as manufacturing capacity expands.
โข Operating cash flow turned negative at -$92.7M, compared with +$46M a year earlier.
โข Long-term debt increased to $3.98B, with cash of $1.55B at quarter-end.
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โAs AI datacenters transition from copper to optical connectivity, Coherentโs broad photonics platform and manufacturing scale position us to help customers meet rising needs for bandwidth and energy efficiency.โ