Cignal AI Vendor Summary Reports examine recent quarterly results and items of interest about key vendors in the optical market. This report highlights Coherent’s calendar 1Q24 (Fiscal 3Q24) results as reported on May 7, 2024.
- Datacom is lifting the optical components industry out of the doldrums, and Coherent’s results follow this trend. Growth in its Datacom revenue offset declines in all other areas, resulting in flat revenue overall.
- Like others in the optical components market (see Lumentum 1Q24 Vendor Summary Report), Coherent is moving or replicating its capabilities in China to other countries to limit supply chain concerns.
- Coherent provided a forecast for revenue of $1.123 billion to $1.32 billion next quarter, implying a very wide range of YoY growth between -7% and +10%.
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