Coherent Corp. Reports Record Q1 2027 Results Driven by AI Data Center Demand
Coherent Corp. (COHR) delivered record first-quarter results for fiscal year 2027, reporting revenue of $2.37 billion, a 56% increase year-over-year. The growth was primarily fueled by the Data Center & Communications segment, which surged 79% to reach $1.95 billion and now constitutes 82% of total company revenue as AI infrastructure build-outs accelerate. The company demonstrated significant operational leverage, with Non-GAAP EPS rising 80% year-over-year to $2.09. Management highlighted the success of their PhotonLink technology, securing a long-term agreement worth $20 billion over five years with a major AI customer. Looking ahead, Coherent provided strong Q2 guidance and set ambitious long-term targets, aiming for quarterly revenues of $3 billion by fiscal 2027 and $4 billion by fiscal 2028.
Tickers: $COHR
Topics: AI data centers gross margin expansion photonics technology revenue growth