Coherent Corp.
COHRQ4 2024(COHR Q1 FY2025)Derived15% AI
AI Revenue %
15%
AI Fair Value
$3.9B
AI Revenue (Q)
$224.7M
Total Revenue (Q)
$1.5B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2025 (Sep 30, 2024). Networking segment revenue surged to $763M (from $473M a year earlier, +61% YoY). Total revenue $1,348M. Networking segment profit $140M (from $67M YoY, under new segment profit metric). The new segment disclosure also shows the Datacenter & Communications segment at $864M for the recast Q1 FY2025. The enormous Networking growth (+$290M YoY) is overwhelmingly driven by AI datacenter transceiver demand. MATH: Networking YoY increase ~$290M. Pre-AI baseline Networking run-rate was ~$475M/Q. Above-baseline portion attributable to AI: ~$290M. However, some of this increase is ZR/ZR+ telecom transport recovery, not AI. Conservative AI-only estimate: ~$200M from AI datacenter transceivers out of $1,348M total = ~15%.
Analyzed by claude-opus-4-6
Quoted Figures
Networking segment revenue: $762,872K; segment profit: $140,276K (vs $67,193K prior year)
10-Q Q1 FY2025, Note 13 segment data
Datacenter & Communications segment revenue (recast): $863,642K
10-Q Q1 FY2026, Note 13 recast data
AI Products Identified (Ring 1)
800G/1.6T datacenter optical transceivers for AI clustersInP laser chips for AI datacenter interconnectsAI cluster optical interconnects
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 AI data center power electronicsEUV laser components for AI chip manufacturing
Confidence Tier
DerivedCalculated from reported segments primarily serving AI