Coherent Corp. Projects $3 Billion Quarterly Revenue Target by End of Fiscal 2027
Coherent Corp. (COHR) reported a strong start to fiscal 2027, with revenue increasing 16% sequentially and 56% year-over-year on a pro forma basis. CEO James Anderson highlighted the company's momentum as it works toward significant long-term scaling milestones. The company has outlined an ambitious growth trajectory, aiming for quarterly revenues to reach $3 billion by the end of fiscal 2027. A key driver in this expansion is the PhotonLink product line, which management expects to ramp up to over $250 million in revenue per quarter by the same period.
Tickers: $COHR
Topics: fiscal year outlook quarterly earnings revenue growth