Coherent Corp. reported revenue of $1.205 billion for the quarter ending 30-June-2023. Non-GAAP EPS amounted to $0.41. Both figures were at the high end of the company’s guidance.
The company said a surge of AI/ML-related datacom transceiver orders represented the most prominent trend in the quarter.
However, in a letter to shareholders, Coherent said macroeconomic headwinds and uncertainty continue to affect nearly all of its end markets and restrain its near-term growth and visibility.
