COHR Q3 2025 Earnings
Reported May 7, 2025 at 4:05 PM ET · SEC Source
Q3 25 EPS
$0.91
BEAT +6.23%
Est. $0.86
Q3 25 Revenue
$1.50B
BEAT +3.97%
Est. $1.44B
vs S&P Since Q3 25
+342.5%
BEATING MARKET
COHR +370.0% vs S&P +27.5%
Market Reaction
Did COHR Beat Earnings? Q3 2025 Results
Coherent delivered a standout fiscal third quarter, posting non-GAAP diluted EPS of $0.91 against a consensus estimate of $0.86, a 6.23% beat, while revenue of $1.50 billion topped expectations by 3.97% and climbed 23.9% year-over-year, marking a new… Read more Coherent delivered a standout fiscal third quarter, posting non-GAAP diluted EPS of $0.91 against a consensus estimate of $0.86, a 6.23% beat, while revenue of $1.50 billion topped expectations by 3.97% and climbed 23.9% year-over-year, marking a new quarterly record for the company. The engine behind the results was unmistakably AI infrastructure: Coherent's Networking segment generated $897.30 million in revenue, up 45% year-over-year, as hyperscalers continued pouring capital into optical interconnects for data center buildouts. Non-GAAP operating income nearly doubled to $279.30 million from $151.90 million a year ago, reflecting meaningful margin expansion even as $73.80 million in restructuring charges weighed on GAAP results. CEO Jim Anderson, recently named the highest-paid CEO in the U.S., also highlighted the company's geographically diverse supply chain as a buffer against tariff-related uncertainty. Looking ahead, management guided Q4 revenue of $1.43 billion to $1.57 billion with non-GAAP EPS of $0.81 to $1.01, signaling confidence in sustained demand from AI-driven customers.
Key Takeaways
- • Strong AI-related datacenter demand driving record revenue
- • Networking segment revenue grew 45% Y/Y to $897.3 million
- • Non-GAAP gross margin expanded 490 bps Y/Y to 38.5%
- • Datacenter and communications market represented 46% of revenue with 46% Y/Y growth
- • Revenue growth and gross margin expansion drove significant Y/Y EPS improvement
COHR YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
COHR Revenue by Segment
With YoY comparisons, source: SEC Filings
COHR Revenue by Geography
Regional revenue distribution
“We delivered strong growth and profitability in the March quarter with record revenue driven by another quarter of strong AI-related datacenter demand. We also introduced many new industry-leading optical networking products and technologies during the past quarter which position us well for long-term growth.”
— Jim Anderson, Q3 2025 Earnings Press Release
COHR Earnings Trends
COHR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
COHR EPS Trend
Earnings per share: estimate vs actual
COHR Revenue Trend
Quarterly revenue: estimate vs actual
COHR Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.21 | $1.29 | +6.96% | $1.69B | +2.74% |
| Q1 26 BEAT | $1.04 | $1.16 | +11.27% | $1.58B | +2.97% |
| Q4 25 BEAT FY | $0.92 | $1.00 | +8.70% | $1.53B | — |
| FY Full Year | $4.57 | $3.53 | -22.73% | $5.81B | +0.30% |
| Q3 25 BEAT | $0.86 | $0.91 | +6.23% | $1.50B | +3.97% |