Coherent Corporation Continues Solid Performance in Q3, Setting Stage for High Growth and Success in Q4 and Beyond
Tuesday, 7 May 2024, 18:00
Earnings Call Analysis:
Laser Bookings:
- 30% increase driven by display business
Order Normalization:
- Lead times improved for 800G transceivers
- Networking orders paused but expected to pick up with focus on AI
- Improved capacity and material lead times
Customer Base and Technologies:
- Broadening customer base for diversified market reach
- Capable of addressing 1.6T market with VCSEL, EML, and SiPho technologies
Margins and Revenue:
- Margins poised to improve above 40% with revenue exceeding 1.3 billion
- Networking segment key to achieving margin targets
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