Coherent Corp. Reports First Quarter Fiscal 2027 Results
The photonics company reported higher quarterly revenue led by datacenter and communications sales and issued a higher second-quarter outlook.
TL;DR
- Coherent reported fiscal first-quarter revenue of $2.37 billion, up 49.9% year over year, with datacenter and communications revenue rising 79%.
- The company attributed growth to demand for optical connectivity used in AI data centers, while industrial revenue declined about 15%.
- Coherent forecast second-quarter revenue of $2.55 billion to $2.75 billion; the company’s adjusted measures and forward guidance are management estimates, not guarantees.
Coherent reported revenue of $2.37 billion for its fiscal first quarter, ended September 30, 2026, compared with $1.58 billion a year earlier. The company’s release said datacenter and communications revenue increased 79% year over year, to about $1.95 billion. [1] [2]
Management linked the increase to demand for products used in AI data centers, including optical connectivity and communications equipment. Investing.com’s coverage also described higher demand for optical connectivity as a driver of sales and margins. [1] [2]
Growth was uneven across the business: Coherent reported industrial revenue of about $419 million, down roughly 15% from a year earlier. The company also reported non-GAAP net earnings of $422 million and diluted earnings per share of $2.09; those adjusted measures exclude items described in the release. [1] [2]
For fiscal second-quarter 2027, Coherent forecast revenue between $2.55 billion and $2.75 billion and non-GAAP earnings per share between $2.28 and $2.48. That outlook is a company forecast, and actual results will depend on demand, execution and other conditions that were not settled by this quarterly report. [1] [2]
Why it matters
Coherent’s results show how demand for AI data-center infrastructure is reaching suppliers of optical and communications hardware, while other parts of the company grew more slowly. The reported results and management outlook offer evidence of current demand, but do not establish how long it will continue.
Editor's note
Financial figures distinguish reported results from company guidance; non-GAAP figures are identified as adjusted measures. No investment advice is offered.