Coherent (COHR) Q1 FY2027 revenue $2.37B vs $2.35 billion est.; adj. EPS $2.09 vs $2.01 est.

Coherent Corp. reported first-quarter fiscal 2027 revenue of $2.37 billion, up 50% year over year and ahead of the $2.35 billion consensus, with non-GAAP EPS of $2.09 versus $2.01 expected. GAAP EPS came in at $1.90, and non-GAAP gross margin reached 40.6%, up 184 basis points year over year. CEO Jim Anderson said AI datacenters shifting from copper to optical connectivity are fueling demand, and the company guided fiscal 2027 pro forma revenue growth above 60%. CFO Sherri Luther said pricing optimization and cost improvements drove margin expansion and raised the longer-term target, with Coherent expecting its first quarter above 45% non-GAAP gross margin before the end of calendar 2028. Investors will watch whether the accelerated optical demand sustains that margin trajectory.