Coherent Corp. · NYSE:COHR
Coherent — Q1 FY2027 Earnings Presentation
18 slides from Coherent's earnings presentation, Nov 4, 2026
Slide 1: Coherent First Quarter 2027 Earnings
COHERENT FIRST QUARTER 2027 EARNINGS November 4, 2026 Exhibit 99.2
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements relating to future events and expectations, including our business and financial outlook for the second quarter of fiscal 2027 and beyond. The forward-looking statements are made pursuant to the safe harbor provisions o
Slide 3: Gross Margin and Earnings per Share GAAP to Non-GAAP Reconciliations
Gross MARGIN and earnings per share GAAP to Non-GAAP Reconciliations
Slide 4: Executive Summary: Record Results and Accelerating Growth
EXECUTIVE SUMMARY RECORD RESULTS AND ACCELERATING GROWTH (1) Record Q1 revenue of $2.37B, up 56% YoY Non-GAAP gross margin of 40.6%, up 184 basis points YoY Non-GAAP EPS of $2.09, up 80% YoY FY27 revenue growth expected to exceed 60% First quarter above 45% non-GAAP gross margin expected before CY28
Slide 5: Revenue Q1 FY27
REVENUE Q1 FY27 (1) The pro forma revenue and revenue growth numbers shown here alongside GAAP figures exclude for all periods revenue from the sale of our former Aerospace & Defense business, which closed September 2, 2025, and our Munich, Germany business, which closed January 30, 2026. Q1 REVENUE
Slide 6: Key Metrics Q1 FY27 Non-GAAP
KEY METRICS Q1 FY27 | Non-GAAP (1) OPERATING MARGIN YoY expansion +368 bps GROSS MARGIN YoY expansion +184 bps EARNINGS PER SHARE YoY growth +80% OPEX % OF REVENUE (1) See appendix for GAAP-to-non-GAAP reconciliations. YoY reduction -183 bps
Slide 7: Datacenter and Communications Key Highlights
DATACENTER AND COMMUNICATIONS KEY HIGHLIGHTS Datacenter: Revenue increased 17% QoQ; 85% YoY Communications: Revenue increased 34% QoQ; 84% YoY New growth areas: PhotonLink™ – Revenue expected to exceed $100M in the March 2027 quarter and $250M per quarter before CY27-end Scale-across / DCI – Q1 reve
Slide 8: Industrial Key Highlights
INDUSTRIAL KEY HIGHLIGHTS Return to growth: Strong semiconductor capital equipment bookings support an expected return to growth in Q2 FY27 Semiconductor capital equipment: Notable bookings uptick for lasers, precision optics and engineered materials serving front-end applications AI infrastructure:
Slide 9: Recent Announcements
Recent announcements SEPTEMBER 21, 2026 DELIVERING COMPLETE OPTICAL SOLUTIONS FOR AI WITH PHOTONLINKTM Launched PhotonLink™, an integrated optics platform supporting CPO, NPO and emerging chip‑to‑chip connectivity. Anchor customers and long‑term agreements are secured for both CPO and NPO, with reve
Slide 10: Second Quarter Fiscal 2027 Outlook
SECOND QUARTER FISCAL 2027 OUTLOOK (1) REVENUE $2.55 billion to $2.75 billion NON-GAAP GROSS MARGIN 40.0% to 42.0% NON-GAAP OPERATING EXPENSES $430 million to $450 million NON-GAAP TAX RATE 18% to 20% NON-GAAP EARNINGS PER SHARE $2.28 to $2.48 (1) The Company has not provided a quantitative reconcil
Slide 11: Additional Revenue and Gross Margin Guidance
Additional revenue and gross margin guidance (1) (1) The Company has not provided a quantitative reconciliation of forward-looking non-GAAP gross margin percentage, non-GAAP operating expenses, non-GAAP tax rate and non-GAAP earnings per share, because we cannot, without unreasonable efforts, foreca
Slide 12: GAAP to Non-GAAP Reconciliation
Gaap to Non-Gaap Reconciliation
Slide 13: Gross Margin Reconciliation
Gross MARGIN Reconciliation (1) (1) Amounts may not foot due to rounding
Slide 14: Operating Expenses Reconciliation
Operating Expenses Reconciliation (1) (1) Amounts may not foot due to rounding
Slide 15: Income from Operations Reconciliation
Income from Operations Reconciliation (1) (1) Amounts may not foot due to rounding
Slide 16: Net Earnings Reconciliation
Net Earnings Reconciliation (1) (1) Amounts may not foot due to rounding
Slide 17: Net Earnings per Common Share
NET Earnings per Common Share (1) (1) Amounts may not foot due to rounding
Slide 18: coherent.com/company/investor-relations
coherent.com/company/investor-relations