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Coherent Looks to Root Recovery in AI, Datacom, and Display Tech

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JOEL WILLIAMS, NEWS EDITOR
[email protected]

SANTA CLARA, Calif., Nov. 8, 2023 — Coherent posted its first-quarter financial results for fiscal year 2024, posting $1.05 billion in revenue, representing a decrease of 13% sequentially and 22% year-over-year. The results, Coherent said in a letter to shareholders, extended the recent downward trend in non-GAAP gross and operating margin, though the company said it expects that the quarter will mark the low point for both metrics. The overall figures represented a GAAP net loss of $67.5 million for the quarter, as the company cited near-term margin challenges continuing in the quarter. Coherent, which breaks out its...Read full article

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    Published: November 2023
    Glossary
    transceiver
    An instrument or system capable of both transmitting and receiving a signal.
    machine learning
    Machine learning (ML) is a subset of artificial intelligence (AI) that focuses on the development of algorithms and statistical models that enable computers to improve their performance on a specific task through experience or training. Instead of being explicitly programmed to perform a task, a machine learning system learns from data and examples. The primary goal of machine learning is to develop models that can generalize patterns from data and make predictions or decisions without being...
    BusinessFinancefinancialresultsquarter 1first quarterQ1fiscal year 2024FY2024OpticsFiber Optics & Communicationstransceiver800GdatacomtelecomAImachine learningnetworkingLasersMaterialsindustrialAmericas

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