Quarterly ResultMay 6, 2026, 04:09 PM
Coherent Q3 Revenue $1.81B, GAAP EPS $0.97, Non-GAAP EPS $1.41
AI Summary
Coherent Corp. reported strong financial results for its third quarter of fiscal year 2026, with revenue reaching $1.81 billion, a 21% year-over-year increase. GAAP diluted EPS was $0.97, and non-GAAP diluted EPS was $1.41, both showing significant year-over-year growth. The company attributed this performance to robust demand in its datacenter and communications businesses, particularly driven by AI infrastructure scaling. Coherent also provided an optimistic outlook for Q4 FY26, projecting revenue between $1.91 billion and $2.05 billion and non-GAAP EPS between $1.52 and $1.72.
Key Highlights
- Q3 FY26 Revenue was $1.81 billion, up 20.5% year-over-year (GAAP).
- Q3 FY26 GAAP Gross Margin was 37.7%, an increase of 243 bps year-over-year.
- Q3 FY26 Non-GAAP Gross Margin was 39.6%, an increase of 105 bps year-over-year.
- Q3 FY26 GAAP Diluted EPS was $0.97, up $1.08 year-over-year.
- Q3 FY26 Non-GAAP Diluted EPS was $1.41, up $0.50 year-over-year.
- Datacenter & Communications segment revenue was $1,361.6 million in Q3 FY26.
- Industrial segment revenue was $444.0 million in Q3 FY26.
- Q4 FY26 revenue is projected to be between $1.91 billion and $2.05 billion.
- Q4 FY26 non-GAAP EPS is expected to be between $1.52 and $1.72.