NVIDIA (Nvidia Corp.) Silicon Photonics Co-Packaging Optics (CPO) supply partner Coherent Corp. announced that its revenue prospects were poor, and its stock price collapsed by nearly two percent after the market.
According to reports from Barron’s and Seeking Alpha, Coherent announced its fourth quarter (April-June) financial report on the 13th: the annual increase of 16% to US$1.53 billion; the adjusted non-GAAP earnings per share was US$1, higher than US$0.51 in the same period last year; the gross profit margin of non-GAAP was 38.1%, higher than 35.9% in the same period last year. According to the FactSet survey, the analyst originally estimated that the Q2 earnings and non-GAAP earnings per share would be US$1.51 billion and US$0.92.(Source: Coherent)
During the period 4, the Internet sector, which benefited from the AI investment boom, rose 39.9% year-on-year to US$945 billion (up from market expectations of US$940 million), and the weakening trend of the material and laser sectors decreased by 8% year-on-year.
Looking forward to Q1 (July-September), Coherent estimates that the closing will be between US$1.46-1.6 billion (the middle value is US$1.53 billion, which is not as good as the analyst's consensus); the adjusted non-GAAP earnings per share will reach US$0.93-1.13 (the middle value is US$1.03, which meets the analyst's expectations); the non-GAAP gross profit margin will be between 37.5-39.5%.
Coherent fell 2.19% in the normal market on the 13th and closed at $114.01; after the market, the stock price plunged, down 19.83% and reported $91.40 before press time.
Extended reading: NVIDIA has released silicon photonic network interchange, adopting tyre-electric COUPE packaging technology