Coherent Corp.
COHRQ4 2023(COHR Q1 FY2024)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$463.6M
AI Revenue (Q)
$24.2M
Total Revenue (Q)
$1.2B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2024 (Sep 30, 2023). Networking segment revenue $473M (down sharply from $597M in Q1 FY2023), Communications revenue declined with telecom weakness. Total revenue $1,053M. However, AI datacenter transceiver demand was starting to offset some of the telecom decline. Networking operating income fell to $16M (from $91M YoY), showing the segment was under significant pressure. Conservative estimate: ~2% of total revenue (~$21M) from AI datacenter transceivers. The overall Networking decline was driven by telecom inventory correction, not AI weakness.
Analyzed by claude-opus-4-6
Quoted Figures
Networking segment revenue: $472,849K; segment operating income: $16,317K (vs $90,982K prior year)
10-Q Q1 FY2024, Note 12 segment data
AI Products Identified (Ring 1)
800G datacenter transceivers for AI clusters
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
SiC substrates for data center powerEUV laser components
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix