Coherent posted fiscal Q4 revenue of $2.05 billion, up 34% year over year, beating its guided range of $1.98-$2.02 billion. Non-GAAP EPS of $1.74 also topped the $1.62-$1.65 forecast. The company's Q1 outlook of $2.20-$2.40 billion in revenue and adjusted EPS of $1.85-$2.05 also came in above consensus. Despite the beat, Coherent shares fell as much as 5% in after-hours trading on profit-taking, after surging 8% in the regular session. The optical-communications giant has rallied sharply in recent weeks as investors bet heavily on an AI-driven boom in data-center optical interconnect demand.
Optical-communications giant Coherent published fiscal Q4 results on Aug. 13 that came in ahead of the guidance range it had provided. Revenue reached $2.05 billion, up 34% year over year, versus a guided $1.98 billion to $2.02 billion. Non-GAAP EPS landed at $1.74, above the $1.62-$1.65 range.
Next-quarter outlook also tops estimates
For the current quarter, Coherent expects revenue between $2.20 billion and $2.40 billion, topping the $2.13 billion analyst consensus. Adjusted EPS is guided to $1.85-$2.05, versus the $1.77 expected.
After-hours drop despite beat
According to market data from BIT (bit.com), the stock still came under pressure after hours, at one point sliding 5%, with short-term profit-taking cited as the cause. In the regular session before the report, Coherent shares had jumped 8%.
The stock has rebounded strongly in recent weeks. Investor expectations for an AI-driven surge in data-center optical interconnect demand, the thesis behind much of that rally, have now been stretched to an extreme.
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