Coherent Corp.
COHRQ2 2025(COHR Q3 FY2025)Derived22% AI
AI Revenue %
22%
AI Fair Value
$7.6B
AI Revenue (Q)
$746.5M
Total Revenue (Q)
$3.4B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Q3 FY2025 (Mar 31, 2025). Networking segment revenue $897M (from $619M YoY, +45%). Total revenue $1,498M. Networking segment profit $175M. Nine-month Networking revenue $2,476M vs $1,616M prior year. The acceleration continues. MATH: Pre-AI Networking baseline ~$475M/Q. Incremental ~$422M. Conservatively attributing ~$330M to AI datacenter demand: $330M / $1,498M = ~22%. The FY2025 10-K confirms AI datacenter buildout as the primary growth driver.
Analyzed by claude-opus-4-6
Quoted Figures
Networking segment revenue: $897,317K; segment profit: $175,352K; Nine months Networking revenue: $2,476,102K
10-Q Q3 FY2025, Note 13 segment data
Throughout fiscal 2025, we experienced stronger demand in our Communications market. 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.
10-K FY2025, Item 7 MD&A
AI Products Identified (Ring 1)
800G/1.6T datacenter optical transceiversInP laser chipsZR/ZR+ coherent transceivers for AI DCIOptical components for AI GPU cluster 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 powerEUV laser components
Confidence Tier
DerivedCalculated from reported segments primarily serving AI