Q4 2025 Coherent Corp Earnings Call Transcript
Key Points
- Coherent Corp (COHR) reported a 23% increase in full-year revenue, reaching a record $5.81 billion, driven by strong growth in data center and communications business.
- The company achieved a gross margin expansion of 358 basis points, leading to a threefold increase in non-GAAP EPS over the prior year.
- Coherent Corp (COHR) saw a 51% revenue growth in the data center and communications market for fiscal '25, with a 39% year-over-year increase in Q4.
- The company began initial revenue shipments of its new 1.6T Transceivers and expects volumes to ramp throughout the year, with more meaningful contributions in calendar '26.
- Coherent Corp (COHR) announced a new multi-year agreement with Apple for Vixel products, expected to generate revenue starting in the second half of calendar '26.
- The industrial-related markets saw a revenue decrease of 2% for the year, with a 2% sequential and 8% year-over-year decline in fiscal Q4.
- The company experienced a drop in silicon carbide demand during fiscal '25, which was a headwind to overall industrial revenue.
- Coherent Corp (COHR) is taking a cautious view on the broad-based industrial market due to macroeconomic uncertainties and tariff concerns.
- The sequential decline in Q4 gross margin was primarily driven by unfavorable foreign exchange impacts.
- The company announced the sale of its aerospace and defense business, which contributed to a reduction in revenue and employee count.
Greetings and welcome to the Coherent fourth quarter and full fiscal year 2025 earnings webcast. It is now my pleasure to introduce your host, Paul Silverstein, Senior Vice President of Investor Relations for Coherent. Please go ahead.
Thank you, operator, and good afternoon, everyone. With me today are Jimmy Anderson, Coherent CEO, and Sherry Luther, Coherent CFO. During today's call, we will provide a financial and business review, the fourth quarter of fiscal 2025 and full year fiscal 2025 and the business outlook for the first quarter of fiscal 2026. Our earnings press release can be found in the Investor Relations section of our company website at coherent.com.
I would like to remind everyone that during our conference call today we may make projections or other forward-looking statements regarding future events for the future financial performance of the company.
We wish to caution you that such statements are predictions based on information that is currently
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