Coherent Corp.
COHRQ1 2025(COHR Q2 FY2025)Derived18% AI
AI Revenue %
18%
AI Fair Value
$5.5B
AI Revenue (Q)
$393.2M
Total Revenue (Q)
$2.2B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 FY2025 (Dec 31, 2024). Networking segment revenue $816M (from $524M YoY, +56%). Total revenue $1,435M. Networking segment profit $153M. Datacenter & Communications segment (recast) at $905M. The 10-K FY2025 explicitly states that 'The increase in the number of hyperscale and other cloud customers building AI datacenters and in the number and size of their AI datacenter buildouts drove demand for our datacenter transceivers.' MATH: Networking was ~$475M/Q pre-AI. Incremental $341M over pre-AI baseline. Conservatively attributing ~$260M to AI datacenter demand (rest to ZR/ZR+ telecom recovery): $260M / $1,435M = ~18%.
Analyzed by claude-opus-4-6
Quoted Figures
Networking segment revenue: $815,913K; segment profit: $153,269K
10-Q Q2 FY2025, Note 13 segment data
Datacenter & Communications segment revenue (recast): $904,546K
10-Q Q2 FY2026, Note 13 recast data
AI Products Identified (Ring 1)
800G/1.6T datacenter optical transceiversInP laser chips for AI interconnectsZR/ZR+ coherent transceivers for AI data center DCI
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 powerEUV laser components for AI chip manufacturing
Confidence Tier
DerivedCalculated from reported segments primarily serving AI