FY24 Q2 Financial Outlook

FY24 Q1 HIGHLIGHTS REVENUE Non-GAAP EPS OPERATING CASH FLOW DEBT REDUCTION VISIBILITY AI/ML $1.053 billion, slightly above the midpoint of our $1.0 - 1.1 billion guidance. $0.16, above the midpoint of our $0.05 - $0.20 guidance. Excluding an extraordinary $0.03 benefit from a lower than expected tax rate and an adverse $0.01 impact from foreign exchange, Non-GAAP EPS would still have been $0.14. $199 million, compared to $80 million in the year-ago quarter and $182 million in the preceding quarter. We paid down $19 million of our outstanding debt. Macroeconomic uncertainty continues to impact our near-term growth and visibility; however, we expect sequential improvement in revenue growth throughout the remainder of fiscal 2024. In the wake of the initial surge we saw at the end of our fourth quarter of fiscal 2023, we have seen strong follow-on orders for our AI/ML-related Datacom transceivers which has driven a significant increase in our backlog for 800G Datacom transceivers. 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. 26

View entire presentation