Coherent Corp. Reports Fourth Quarter and Full Year Fiscal 2026 Results
Article excerpt
Highlighted: the sentence this signal was extracted from
Revenue for the fourth quarter of fiscal 2026 was $2.05 billion, with GAAP gross margin of 38.5% and GAAP net income of $1.19 per diluted share. On a non-GAAP basis, gross margin was 40.2% with net income per diluted share of $1.74. "Fiscal 2026 was an outstanding year for Coherent, with record revenue, significant margin expansion, and non-GAAP EPS growth that was more than twice the rate of revenue growth" said Jim Anderson, CEO. "We enter fiscal 2027 with exceptional customer demand, expanding production capacity, and multiple new growth platforms beginning to ramp. As AI datacenter architectures increasingly transition from copper to optical connectivity, we believe Coherent's broad photonic technology portfolio and manufacturing scale uniquely position us to deliver accelerating growth and capitalize on this multi-year opportunity." Sherri Luther, CFO, said, "Strong operational execution across our business drove meaningful gross margin expansion and converted our top-line revenue growth into robust GAAP and non-GAAP EPS growth. As we enter fiscal 2027, we remain disciplined in our capital allocation, prioritizing investments to expand manufacturing capacity so we can efficiently fulfill the ongoing acceleration in customer demand."
