FY24 Q2 Financial Outlook

MARGIN STRUCTURE Current downtrend Non-GAAP Gross and Operating Margin Targets Ongoing weak end market demand due to macroeconomic conditions has played a significant role in our current margin downtrend. Second Quarter Fiscal 2024: 35 - 37% and 13 - 15% ■ Full Year Fiscal 2024: 36 - 38% and 14 - 16% By the end of the first-half of fiscal 2026: 40% and 20% Longer-Term: Low-40s and low-20s As required by Regulation G, we have provided reconciliations of those measures to the most directly comparable GAAP measures in the section captioned "GAAP to NON-GAAP RECONCILIATION." COHERENT Copyright 2023, Coherent. All rights reserved. 30

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