Coherent Corp.'s results for fiscal Q1 2027 (ended September 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-11-04. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $2,370 million (+49.9% vs a year earlier) |
| Diluted EPS (GAAP) | $1.90 |
| Adjusted per-share figure (company's non-GAAP measure; FFO/AFFO for REITs) | $2.09 |
| Full-year guidance | Stated (no change given) |
Guidance
Coherent guides fiscal Q2 revenue to $2.55-2.75 billion, expects FY2027 pro forma revenue growth above 60%, and raised its longer-term gross margin target.
Why this label: FY2027 pro forma revenue growth >60% stated with no prior or change wording; not called initial; only the longer-term gross margin target was raised.
| Metric | Period | New | Prior (as stated in the release) |
|---|---|---|---|
| pro forma revenue growth | FY2027 | more than 60% | not stated |
| quarterly revenue milestone | FY2027 | first $3 billion revenue quarter by end of fiscal 2027 | not stated |
| quarterly revenue milestone | FY2028 | first $4 billion revenue quarter in fiscal 2028 | not stated |
| non-GAAP gross margin target | before end of calendar 2028 | first quarter above 45% | not stated |
Next-quarter outlook:
| Metric | Period | Range |
|---|---|---|
| revenue | fiscal Q2 2027 | $2.55–2.75 billion |
| non-GAAP gross margin | fiscal Q2 2027 | 40%–42% |
| non-GAAP operating expenses | fiscal Q2 2027 | $430–450 million |
| non-GAAP tax rate | fiscal Q2 2027 | 18%–20% |
| non-GAAP EPS | fiscal Q2 2027 | $2.28–2.48 |
From the release
Revenue: "Revenues · $ · 2,370 · $ · 2,046 · $ · 1,581"
Earnings per share: "Revenue for the first quarter of fiscal 2027 was $2.37 billion, with GAAP gross margin of 39.1% and GAAP net income of $1.90 per diluted share. On a non-GAAP basis, gross margin was 40.6% with net income per diluted share of $2.09."
pro forma revenue growth: "Expect fiscal 2027 pro forma revenue growth to exceed 60%, more than double our fiscal 2026 pro forma growth rate."
quarterly revenue milestone: "Expect to achieve our first $3 billion revenue quarter by the end of fiscal 2027."
quarterly revenue milestone: "Expect first $4 billion revenue quarter in fiscal 2028."
Quotes are copied from the filing; in table rows, cell borders are shown as “·”.
Key fact: Fiscal Q1 revenue rose 50% to $2.37 billion; non-GAAP EPS up 80% to $2.09
Source
Coherent Corp. earnings release (SEC filing), accession 0001193125-26-447200, filed 2026-11-04.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.