Coherent Stock Rallies Back on Solid Q1 Print, Strong Guidance

Coherent Corp. (NYSE:COHR) posted its first-quarter fiscal 2027 results after Wednesday’s closing bell, beating estimates and issuing strong guidance. Here’s a look at the details.

• COHR stock is moving. Watch the price action here.

Coherent Q1 Details     

Coherent reported quarterly earnings of $2.09 per share, which beat the consensus estimate of $1.97 by 6.09%, per Benzinga Pro data. 

Quarterly revenue of $2.37 billion beat the Street estimate of $2.31 billion and was a 49.9% increase over $1.58 billion in the same period last year.  

“Q1 marked a strong start to fiscal 2027, with pro forma revenue up 56% year over year and non-GAAP EPS up 80%,” said CEO Jim Anderson.

“Our established businesses delivered strong growth, while new growth areas are beginning to ramp. As AI data centers transition from copper to optical connectivity, Coherent’s broad photonics platform and manufacturing scale position us to help customers meet rising needs for bandwidth and energy efficiency. We expect fiscal 2027 pro forma revenue growth to exceed 60%,” Anderson added.

Looking Ahead

Coherent expects second-quarter adjusted EPS of $2.28-$2.48, versus the $2.21 analyst estimate, and revenue in a range of $2.55 billion to $2.75 billion, versus the $2.54 billion estimate.

COHR Stock Price: According to data from Benzinga Pro, Coherent stock was up 7.88% to $210.33 in Wednesday’s extended trading.  

Photo: Shutterstock