Slide 1: Investor Presentation Fourth Quarter Fiscal 2025
INVESTOR PRESENTATION Fourth Quarter Fiscal 2025 August 13, 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 first quarter of fiscal 2026, each of which is based on certain assumptions
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) Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Gross margin on GAAP basis 546 528 509 460 432 Share-based compensation 6 5 6 6 5 Amortization of acquired intangibles 31 44 30 30 30 In
Slide 4: FY 2025 Earnings Results Highlights
FY 2025 EARNINGS RESULTS HIGHLIGHTS Revenue “We delivered a strong fiscal 2025 with revenue growth of 23% and non-GAAP EPS expansion of 191%. We believe we are well positioned to continue to drive strong revenue and profit growth over the long-term given our exposure to key growth drivers such as AI
Slide 5: Quarterly Revenue by Segment and Revenue Distribution by Segment
QUARTERLY REVENUE BY SEGMENT REVENUE DISTRIBUTION BY SEGMENT Revenue Distribution (1) Quarterly Revenue by Segment 1,800 1,498 1,529 Lasers 1,600 1,435 1,348 1,314 Materials 1,400 23% 15% 1,200 Revenue ($M) 1,000 800 FY25Q4 600 400 200 0 62% FY24Q4 FY25Q1 FY25Q2 FY25Q3 FY25Q4 Lasers 355 348 375 364
Slide 6: Quarterly Revenue by Market and Revenue Distribution by Market
QUARTERLY REVENUE BY MARKET (1) REVENUE DISTRIBUTION BY MARKET (1) Quarterly Revenue Trend Revenue Distribution Datacenter and (1) 1,800 1,498 1,529 Communications 1,600 1,435 1,314 1,348 1,400 62% Revenue ($M) 1,200 1,000 800 600 FY25Q4 400 200 0 FY24Q4 FY25Q1 FY25Q2 FY25Q3 FY25Q4 38% Industrial 63
Slide 7: First Quarter Fiscal 2026 Outlook
FIRST QUARTER FISCAL 2026 OUTLOOK (1) We expect the sale of our Aerospace and Defense business to close this quarter. As a result, the following outlook excludes approximately $20 million in Aerospace and Defense revenue that we expect will occur after we close the sale. REVENUE $1.46 – 1.60 billion
Slide 8: GAAP to Non-GAAP Reconciliation
GAAP TO NON-GAAP RECONCILIATION Copyright 2025, Coherent. All rights reserved. 8
Slide 9: Gross Margin Reconciliation
GROSS MARGIN RECONCILIATION $ Millions (Unaudited) Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Gross margin on GAAP basis 546 528 509 460 432 Share-based compensation 6 5 6 6 5 Amortization of acquired intangibles 31 44 30 30 30 Integration, site consolidation and other (0) — 3
Slide 10: Operating Expenses Reconciliation
OPERATING EXPENSES RECONCILIATION $ Millions (Unaudited) Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 R&D on GAAP basis 156 151 144 132 127 Share-based compensation (6) (5) (6) (5) (5) Amortization of acquired intangibles (0) (4) (1) (1) (1) Integration, site consolidation and ot
Slide 11: Income from Operations Reconciliation
INCOME FROM OPERATIONS RECONCILIATION $ Millions (Unaudited) Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Op. income on GAAP basis 6 72 137 75 63 Share-based compensation 44 40 41 36 29 Amortization of acquired intangibles 72 87 72 72 72 Restructuring charges 54 74 8 24 14 Impair
Slide 12: Net Earnings Reconciliation
NET EARNINGS RECONCILIATION $ Millions (Unaudited) Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Net earnings (loss) attributable to Coherent (96) 16 103 26 (48) Corp. on GAAP basis Share-based compensation 44 40 41 36 29 Amortization of acquired intangibles 72 87 72 72 72 Foreign
Slide 13: Net Earnings Per Common Share
NET EARNINGS PER COMMON SHARE $ for EPS, $ Millions for shares (Unaudited) Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Common shares, GAAP 155.5 155.2 154.8 153.6 152.6 Effect of dilutive securities: Common stock equivalents 0.0 0.0 5.2 0.0 0.0 Diluted weighted average common sh
Slide 14: coherent.com/company/investor-relations
coherent.com/company/investor-relations