Coherent stock raises FY2027 growth bar after record quarter

Coherent Corp. reported a record fiscal first quarter on Wednesday, November 4, 2026, and raised its growth ambitions as demand for optical connectivity in AI infrastructure accelerated. In its earnings release, the company said revenue reached 2.37 billion US dollars for the quarter ended September 30.

Coherent stock traded at 197.55 euros on Lang & Schwarz at 16:43 CET on Monday, November 9, 2026. That compares with 168.00 euros at 13:30 CET on Friday, November 6, in the previous report, an increase of 17.59 percent since that report; this is separate from the daily exchange comparison.

AI connectivity drives the quarter

Revenue increased 49.9 percent from the year-earlier quarter. On a pro forma basis, excluding the financial impact of businesses divested in 2026, revenue rose 56 percent year over year.

Datacenter and communications revenue reached 1.9517 billion US dollars, compared with 1.0900 billion US dollars in the prior-year quarter. Industrial revenue was 418.6 million US dollars, down from 491.4 million US dollars.

GAAP diluted earnings per share rose to 1.90 US dollars from 1.19 US dollars. Non-GAAP diluted earnings per share increased to 2.09 US dollars from 1.16 US dollars, while non-GAAP gross margin expanded to 40.6 percent from 38.7 percent. The adjusted figures exclude items including share-based compensation, acquired-intangible amortization, restructuring charges and integration costs.

Guidance points to another step up

Coherent expects second-quarter fiscal 2027 revenue of 2.55 billion to 2.75 billion US dollars and non-GAAP gross margin of 40 percent to 42 percent. Non-GAAP diluted earnings per share are expected to range from 2.28 to 2.48 US dollars.

Management expects fiscal 2027 pro forma revenue growth to exceed 60 percent, more than double the pro forma growth rate for fiscal 2026. It also expects its first 3 billion US dollar revenue quarter by the end of fiscal 2027 and its first 4 billion US dollar quarter in fiscal 2028.

The broader US equity market remains an important backdrop for high-growth technology shares as investors weigh AI infrastructure spending against execution and valuation risk.

For more earnings developments, product launches and outlook changes, see More news and analyses on Coherent stock.