Coherent Corp. · NYSE:COHR
Coherent — Q1 2026 Earnings Presentation
13 slides from Coherent's earnings presentation, Nov 5, 2025
Slide 1: Investor Presentation First Quarter Fiscal 2026
INVESTOR PRESENTATION First Quarter Fiscal 2026 November 5, 2025 Copyright 2025, Coherent. All rights reserved. 1
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements relating to future events and expectations, including our expectations regarding our estimates and projections for our business outlook for the second quarter of fiscal 2026, each of which is based on certain assumption
Slide 3: Gross Margin and Earnings Per Common Share GAAP to Non-GAAP Reconciliations
GROSS MARGIN AND EARNINGS PER COMMON SHARE GAAP TO NON-GAAP RECONCILIATIONS $ Millions (Unaudited) Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Gross margin on GAAP basis 579 546 528 509 460 Share-based compensation 6 6 5 6 6 Amortization of acquired intangibles 28 31 44 30 30 In
Slide 4: Q1 FY 2026 Revenue and Non-GAAP Earnings Results Highlights
Q1 FY 2026 REVENUE AND NON-GAAP EARNINGS RESULTS HIGHLIGHTS Revenue “Revenue growth was driven by strong demand from AI-related datacenters and communications. We expect continued strong growth throughout this fiscal year based on increasing datacenter and communications demand along with our contin
Slide 5: Quarterly Revenue by Segment
QUARTERLY REVENUE BY SEGMENT REVENUE DISTRIBUTION BY SEGMENT Quarterly Revenue Trend Revenue Distribution Datacenter and (1) 1,800 Communications 1,600 1,529 1,581 1,498 1,435 1,400 1,348 69% Revenue ($M) 1,200 1,000 800 600 FY26Q1 400 200 0 31% FY25Q1 FY25Q2 FY25Q3 FY25Q4 FY26Q1 Industrial 484 530
Slide 6: Second Quarter Fiscal 2026 Outlook
SECOND QUARTER FISCAL 2026 OUTLOOK (1) REVENUE $1.56 – 1.70 billion NON-GAAP GROSS MARGIN 38% – 40% NON-GAAP OPERATING EXPENSES $300 – 320 million NON-GAAP TAX RATE 18% – 20% NON-GAAP EARNINGS PER SHARE $1.10 – 1.30 (1) The Company does not provide reconciliations of forward-looking non-GAAP measure
Slide 7: GAAP to Non-GAAP Reconciliation
GAAP TO NON-GAAP RECONCILIATION Copyright 2025, Coherent. All rights reserved. 7
Slide 8: Gross Margin Reconciliation
GROSS MARGIN RECONCILIATION $ Millions (Unaudited) Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Gross margin on GAAP basis 579 546 528 509 460 Share-based compensation 6 6 5 6 6 Amortization of acquired intangibles 28 31 44 30 30 Integration, site consolidation and other — — — 3
Slide 9: Operating Expenses Reconciliation
OPERATING EXPENSES RECONCILIATION $ Millions (Unaudited) Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 R&D on GAAP basis 155 156 151 144 132 Share-based compensation (7) (6) (5) (6) (5) Amortization of acquired intangibles — — (4) (1) (1) R&D on non-GAAP basis 148 150 141 137 126
Slide 10: Income from Operations Reconciliation
INCOME FROM OPERATIONS RECONCILIATION $ Millions (Unaudited) Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Op. income on GAAP basis 259 6 72 137 75 Share-based compensation 45 44 40 41 36 Amortization of acquired intangibles 70 72 87 72 72 Restructuring charges 19 54 74 8 24 Impai
Slide 11: Net Earnings Reconciliation
NET EARNINGS RECONCILIATION $ Millions (Unaudited) Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Net earnings (loss) attributable to Coherent 226 (96) 16 103 26 Corp. on GAAP basis Share-based compensation 45 44 40 41 36 Amortization of acquired intangibles 70 72 87 72 72 Foreign
Slide 12: Net Earnings Per Common Share
NET EARNINGS PER COMMON SHARE $ for EPS, $ Millions for shares (Unaudited) Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Common shares, GAAP 156.2 155.5 155.2 154.8 153.6 Effect of dilutive securities: Common stock equivalents 4.6 — — 5.2 — Series B Redeemable Preferred Stock 29.9
Slide 13: coherent.com/company/investor-relations
coherent.com/company/investor-relations