Reconciliation of GAAP Measures to Non-GAAP Measures
ATTRACTIVE AND INCREASING OPERATING MARGINS
Strong Execution and Synergy Realization Post Finisar Transaction Close Driving Margins
Non-GAAP Gross Margin (1)
Non-GAAP Operating Margin (1)
38%
31%
41%
40%
40%
39%
16%
9%
21%
20%
19%
19%
IIVI
FNSR
Q1 FY22
Q2 FY22
Q3 FY22
Q4 FY22
IIVI
FNSR
Q1 FY22
Q2 FY22
Q3 FY22
Q4 FY22
Last Quarter
Before Close (2)
Last Quarter
Before Close (2)
All non-GAAP amounts exclude certain adjustments for share-based compensation, acquired intangible amortization expense, certain one-time transaction expenses, debt extinguishment expense, fair value
measurement period adjustments and restructuring and related items. See Appendix for reconciliation to most comparable GAAP measures.
II-VI figures are for the three months ended September 30, 2019 and Finisar figures are for the three months ended July 28, 2019.
(1)
(2)
COHERENT
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