COHERENT CORP. — Form 8-K
Filed November 4, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
Coherent reported Q1 FY27 revenue of $2.37B (up 50% YoY GAAP, 56% pro forma), with non-GAAP gross margin of 40.6% (+184 bps YoY) and non-GAAP diluted EPS of $2.09 (+$0.93 YoY). Datacenter/Communications revenue grew 79% YoY to $1.95B. Management raised full-year FY27 pro forma revenue growth guidance to exceed 60% (from prior ~30%), introduced new 45%+ non-GAAP gross margin target by end-2028, and guided Q2 FY27 revenue of $2.55B–$2.75B with non-GAAP EPS of $2.28–$2.48. PhotonLink LTA valued at ~$20B over 5 years announced; Scale-across/DCI revenue exceeded $200M (quadrupling YoY).
Why this rating
Strong beat, aggressive growth acceleration, and margin expansion guidance are material for a $34.5B company. FY27 revenue growth >60% and new 45% gross margin target represent substantial operational improvement, offsetting recent macro uncertainty. PhotonLink deal provides multiyear visibility.
Price action (we called it positive)
before filing · preread $188.15 | at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
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