
Driven by demand for AI data centers, Coherent's Q1 revenue increased by 17% year-on-year, exceeding expectations, with optical product orders hitting a record high

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The company's revenue for the quarter reached $1.58 billion, a year-on-year increase of 17%, exceeding the market expectation of $1.54 billion. Earnings per share were $1.16, surpassing the Wall Street average expectation of $1.04. This marks the company's fourth consecutive quarter of exceeding market earnings expectations, with this performance primarily driven by strong demand in the AI data center and communications sectors
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