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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 4, 2026

 

 

Coherent Corp.

(Exact name of registrant as specified in its charter)

 

 

 

Pennsylvania   001-39375   25-1214948
(State or Other Jurisdiction
of Incorporation)
  (Commission
File Number)
  (I.R.S. Employer
Identification No.)

375 Saxonburg Boulevard

Saxonburg, Pennsylvania 16056

(Address of Principal Executive Offices) (Zip Code)

(724) 352-4455

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange
on which registered

Common Stock, no par value   COHR   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 2.02.

Results of Operations and Financial Condition.

On February 4, 2026, Coherent Corp. (the “Company”) issued a press release (“Press Release”), a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 furnished pursuant to Item 9.01, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities under that Section. Furthermore, the information in this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 furnished pursuant to Item 9.01, shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933.

 

Item 7.01.

Regulation FD Disclosure.

A slide presentation to be used by senior management of the Company in connection with its discussions with investors and others regarding the financial results is furnished as Exhibit 99.2.

The information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.2 furnished pursuant to Item 9.01, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities under that Section. Furthermore, the information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.2 furnished pursuant to Item 9.01, shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933.

 

Item 9.01

Financial Statements and Exhibits.

(d)  Exhibits

 

Exhibit
No.
   Description
 99.1    Press Release dated February 4, 2026
 99.2    Investor Presentation
104.0    Cover Page Interactive Data File (embedded within the inline XBRL document)


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    Coherent Corp.
Date: February 4, 2026     By:  

/s/ Sherri Luther

      Sherri Luther
      Chief Financial Officer and Treasurer
EX-99.1 2 d101115dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

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Coherent Corp.

375 Saxonburg Blvd.

Saxonburg, PA 16056-9499

PRESS RELEASE

COHERENT CORP. REPORTS SECOND QUARTER FISCAL 2026 RESULTS

 

   

Q2 REVENUE OF $1.69B, INCREASED 17% Y/Y; AND, ON A PRO FORMA BASIS, 22% Y/Y ADJUSTED FOR SALE OF AEROSPACE & DEFENSE BUSINESS

 

   

Q2 GAAP GROSS MARGIN OF 36.9%, INCREASED 145 bps Y/Y; Q2 NON-GAAP GROSS MARGIN OF 39.0%, INCREASED 77 bps Y/Y

 

   

Q2 GAAP EPS OF $0.76, INCREASED 71% Y/Y; Q2 NON-GAAP EPS OF $1.29, INCREASED 35% Y/Y

SAXONBURG, Pa., February 4, 2026 (GLOBE NEWSWIRE) – Coherent Corp. (NYSE: COHR) (“Coherent,” “We,” or the “Company”), a global leader in photonics, announced financial results today for its second quarter of fiscal year 2026 ended December 31, 2025.

Revenue for the second quarter of fiscal 2026 was $1.69 billion, with GAAP gross margin of 36.9% and GAAP net income of $0.76 per diluted share. On a non-GAAP basis, gross margin was 39.0% with net income per diluted share of $1.29.

Jim Anderson, CEO, said, “We delivered strong year-over-year revenue growth in the December quarter, driven by another quarter of strong demand in our datacenter and communications segment. We expect continued strong growth in the second-half of fiscal 2026 and throughout fiscal 2027 based on strong datacenter and communications demand and our continued production capacity expansion along with improving demand in our Industrial segment.”

Sherri Luther, CFO, said, “Significant revenue growth together with gross margin expansion drove a year-over-year increase in our GAAP and non-GAAP EPS. Given the strength of demand, we continue to ramp our capital investment to drive capacity increases to support our business outlook.”


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Coherent Corp.

375 Saxonburg Blvd.

Saxonburg, PA 16056-9499

 

 

Selected Second Quarter Financial Results and Comparisons (in millions, except percentages and per share data)

Table 1

 

     GAAP Financial Results (unaudited)  
     Q2 FY26     Q1 FY26     Q2 FY25     Q/Q     Y/Y     Q2 FY26
YTD
    Q2 FY25
YTD
    YTD/YTD  

Revenues

   $ 1,686     $ 1,581     $ 1,435       6.6     17.5   $ 3,267     $ 2,783       17.4

Gross Margin %

     36.9     36.6     35.5     35  bps      145  bps      36.8     34.8     195  bps 

R&D Expense %

     9.8     9.8     10.0     bps      (20 ) bps     9.8     9.9     (9 ) bps 

SG&A Expense %

     15.3     15.9     15.4     (56 ) bps      (4 ) bps      15.6     16.2     (53 ) bps 

Operating Expenses

   $ 439     $ 320     $ 373       37.1     17.8   $ 759     $ 757       0.2

Operating Income(1)

   $ 184     $ 259     $ 137       (29.0 )%      34.4   $ 443     $ 212       108.9

Operating Margin

     10.9     16.4     9.5     (548 ) bps      137  bps      13.6     7.6     594  bps 

Net Earnings Attributable to Coherent Corp.

   $ 147     $ 226     $ 103       (35.1 )%      41.9   $ 373     $ 129       188.6

Diluted Earnings Per Share

   $ 0.76     $ 1.19     $ 0.44     $ (0.43   $ 0.32     $ 1.95     $ 0.41     $ 1.54  

 

(1) 

Operating Income is defined as earnings (loss) before income taxes, interest expense, and other expense or income, net.

 

 

Selected Second Quarter Financial Results and Comparisons (in millions, except percentages and per share data) 

Table 1, continued 

 

     Non-GAAP Financial Results (unaudited)(1)(2)  
     Q2 FY26     Q1 FY26     Q2 FY25     Q/Q     Y/Y     Q2 FY26
YTD
    Q2 FY25
YTD
    YTD/YTD  

Revenues

   $ 1,686     $ 1,581     $ 1,435       6.6     17.5   $ 3,267     $ 2,783       17.4

Gross Margin %

     39.0     38.7     38.2     24  bps      77  bps      38.9     37.5     137  bps 

R&D Expense %

     9.4     9.4     9.6     bps      (16 ) bps      9.4     9.5     (7 ) bps 

SG&A Expense %

     9.6     9.8     10.2     (22 ) bps      (53 ) bps      9.7     10.7     (96 ) bps 

Operating Expenses

   $ 321     $ 304     $ 283       5.7     13.4   $ 625     $ 561       11.4

Operating Income

   $ 336     $ 309     $ 265       8.8     26.8   $ 645     $ 483       33.7

Operating Margin

     19.9     19.5     18.5     40  bps      147  bps      19.7     17.3     240 bps  

Net Earnings Attributable to Coherent Corp.

   $ 248     $ 221     $ 185       12.3     34.3   $ 469     $ 323       45.2

Diluted Earnings Per Share

   $ 1.29     $ 1.16     $ 0.95     $ 0.13     $ 0.34     $ 2.45     $ 1.63     $ 0.82  

 

(1)

During the second fiscal quarter of 2025, the Company refined its methodology to report non-GAAP measures. The change does not impact the Company’s financial position, cash flows, or GAAP consolidated results of operations. Prior period non-GAAP financial measures presented in this press release have been recast to conform to the current presentation.

(2) 

The Company has disclosed financial measurements in this earnings release that present financial information considered to be non-GAAP financial measures. These measurements are not a substitute for GAAP measurements, although the Company’s management uses these measurements as an aid in monitoring the Company’s on-going financial performance. The non-GAAP net earnings attributable to Coherent Corp., the non-GAAP diluted earnings per share, the non-GAAP operating income, the non-GAAP gross margin, the non-GAAP research and


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Coherent Corp.

375 Saxonburg Blvd.

Saxonburg, PA 16056-9499

 

development, the non-GAAP selling, general and administration, the non-GAAP operating expenses, the non-GAAP interest and other (income) expense, and the non-GAAP income taxes, measure earnings and operating income (loss), respectively, excluding non-recurring or unusual items that are considered by management to be outside the Company’s standard operation and excluding certain non-cash items. There are limitations associated with the use of non-GAAP financial measures, including that such measures may not be entirely comparable to similarly titled measures used by other companies, due to potential differences among calculation methodologies. Thus, there can be no assurance whether (i) items excluded from the non-GAAP financial measures will occur in the future or (ii) there will be cash costs associated with items excluded from the non-GAAP financial measures. The Company compensates for these limitations by using these non-GAAP financial measures as supplements to GAAP financial measures and by providing the reconciliations of the non-GAAP financial measures to their most comparable GAAP financial measures. Investors should consider adjusted measures in addition to, and not as a substitute for, or superior to, financial performance measures prepared in accordance with GAAP. All non-GAAP amounts exclude certain adjustments for share-based compensation, acquired intangible amortization expense, restructuring charges (recoveries), impairments of assets held-for-sale, gains on sale of business, integration and site consolidation expenses, integration transaction expenses, and various one-time adjustments. See Table 6 for the Reconciliation of GAAP measures to non-GAAP measures.

Business Outlook – Third Quarter Fiscal 2026(1)

At the end of January 2026, we closed the sale of our product division based in Munich Germany that makes tools for materials processing. Our Q3 outlook includes $5M of revenue from the period prior to the close of the sale of the Munich tools business at the end of January.

 

   

Revenue for the third quarter of fiscal 2026 is expected to be between $1.70 billion and $1.84 billion.

 

   

Gross margin percentage for the third quarter of fiscal 2026 is expected to be between 38.5% and 40.5% on a non-GAAP basis.

 

   

Total operating expenses for the third quarter of fiscal 2026 are expected to be between $320 million and $340 million on a non-GAAP basis.

 

   

Tax rate for the third quarter of fiscal 2026 is expected to be between 18% and 20% on a non-GAAP basis.

 

   

EPS for the third quarter of fiscal 2026 is expected to be between $1.28 and $1.48 on a non-GAAP basis.

 

(1) 

The Company has not provided a quantitative reconciliation of forward-looking non-GAAP gross margin percentage, non-GAAP operating expenses, non-GAAP tax rate and non-GAAP earnings per share, because we cannot, without unreasonable efforts, forecast certain items required to develop comparable GAAP measures. These items include, without limitation, restructuring charges, integration, site consolidation and other expenses, foreign exchange gains (losses), and share based compensation expense. The variability of these items could significantly impact our future GAAP financial results and we believe that the inclusion of any such reconciliations would imply a degree or precision that could be confusing or misleading to investors.

Investor Conference Call / Webcast Details

Coherent will review the Company’s financial results for its second quarter of fiscal 2026 and business outlook on Wednesday, February 4, at 4:30 p.m. ET. A live webcast and replay of the conference call will be available on the Investor Relations section of the Company’s website at coherent.com/company/investor-relations. The Company’s financial guidance will be limited to the comments on its public quarterly earnings call and the public business outlook statements contained in this press release.


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Coherent Corp.

375 Saxonburg Blvd.

Saxonburg, PA 16056-9499

 

Additional Information and Where to Find It

In connection with the conference call described above, the Company intends to file an investor presentation as an exhibit to a Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) and to post the investor presentation on the Company’s website at coherent.com/company/investor-relations/investor-presentations after market close on February 4, 2026. We also may, from time to time, post other important information for investors on our website at coherent.com/company/investor-relations. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should review the Investor Relations page of our website referenced above, in addition to following the Company’s press releases, SEC filings, and public conference calls, presentations, and webcasts. Investors and security holders are able to obtain free copies of these documents through the Company’s website referenced above. Copies of the documents filed by the Company with the SEC may be obtained free of charge on the Company’s website at coherent.com/company/investor-relations/sec-filings. The information contained on, or that may be accessed through, the Company’s website is not incorporated by reference into, and is not part of, this release.

Forward-Looking Statements

This press release contains statements, estimates, and projections that constitute “forward-looking statements” as defined under U.S. federal securities laws – including our estimates and projections for our business outlook for the third quarter of fiscal 2026, each of which is made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and relate to the Company’s performance on a going-forward basis. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause the Company’s actual results to differ materially from its historical experience and our present expectations or projections.

The Company believes that all forward-looking statements made by it herein have a reasonable basis, but there can be no assurance that management’s expectations, beliefs, or projections as expressed in the forward-looking statements will actually occur or prove to be correct. In addition to general industry and global economic conditions, factors that could cause actual results to differ materially from those discussed in the forward-looking statements herein include but are not limited to: (i) the failure of any one or more of the assumptions stated herein to prove to be correct; (ii) changes in demand in the Company’s end markets along with the Company’s ability to respond to such market changes; (iii) risks relating to future integration and/or restructuring actions; (iv) fluctuations in purchasing patterns of customers and end users; (v) the ability of the Company to retain and hire key employees; (vi) the terms of the Company’s indebtedness and ability to service such debt(vii) the timely release of new products and acceptance of such new products by the market; (viii) the introduction of new products by competitors and other competitive responses; (ix) the Company’s ability to assimilate acquired businesses, and realize synergies, cost savings, and opportunities for growth in connection therewith, together with the risks, costs, and uncertainties associated with such acquisitions; (x) the risks to realizing the benefits of investments in R&D and commercialization of innovations; (xi) the risks that the Company’s stock price will not trade in line with industrial technology leaders; (xii) the impact of trade protection measures, such as import tariffs by the United States or retaliatory actions taken by other countries; and/or (xiii) the risks relating to forward-looking statements and other “Risk Factors” identified from time to time in our filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and our subsequently filed Quarterly Reports on Form 10-Q, which filings are available from the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events or developments, or otherwise.


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Coherent Corp.

375 Saxonburg Blvd.

Saxonburg, PA 16056-9499

 

About Coherent

Coherent is the global photonics leader. We harness photons to drive innovation. Industry leaders in the datacenter, communications, and industrial markets rely on Coherent’s world-leading technology to fuel their own innovation and growth.

Founded in 1971 and operating in more than 20 countries, Coherent brings the industry’s broadest, deepest technology stack; unmatched supply chain resilience; and global scale to help its customers solve their toughest technology challenges. For more information, please visit us at coherent.com.

Contact:

Paul Silverstein

Senior VP, Investor Relations

investor.relations@coherent.com

# # #


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Coherent Corp.

375 Saxonburg Blvd.

Saxonburg, PA 16056-9499

 

 

Table 2

Coherent Corp. and Subsidiaries

Condensed Consolidated Statements of Earnings*

 

     THREE MONTHS ENDED  
     Dec 31,     Sep 30     Dec 31,  

$ Millions, except per share amounts (unaudited)

   2025     2025     2024  

Revenues

   $ 1,685.6     $ 1,581.4     $ 1,434.7  

Costs, Expenses & Other Expense (Income)

      

Cost of goods sold

     1,062.8       1,002.2       925.3  

Research and development

     165.7       154.9       143.9  

Selling, general and administrative

     258.5       252.1       220.6  

Restructuring charges

     3.6       19.3       8.0  

Impairment of assets held-for-sale

     11.0       9.1       —   

Gain on sale of business

     —        (115.2     —   

Interest expense

     45.9       58.7       64.3  

Other expense (income), net

     (29.9     (16.5     (55.8
  

 

 

   

 

 

   

 

 

 

Total Costs, Expenses, & Other Expense

     1,517.6       1,364.5       1,306.3  
  

 

 

   

 

 

   

 

 

 

Earnings Before Income Taxes

     168.0       216.9       128.4  

Income Taxes

     24.2       (8.3     26.9  
  

 

 

   

 

 

   

 

 

 

Net Earnings

     143.8       225.2       101.5  

Net Loss Attributable to Noncontrolling Interests

     (2.9     (1.2     (1.8
  

 

 

   

 

 

   

 

 

 

Net Earnings Attributable to Coherent Corp.

   $ 146.7     $ 226.3     $ 103.4  
  

 

 

   

 

 

   

 

 

 

Less: Dividends on Preferred Stock

     1.6       33.5       32.3  
  

 

 

   

 

 

   

 

 

 

Net Earnings Available to the Common Shareholders

   $ 145.1     $ 192.9     $ 71.1  
  

 

 

   

 

 

   

 

 

 

Basic Earnings Per Share

   $ 0.87     $ 1.24     $ 0.46  
  

 

 

   

 

 

   

 

 

 

Diluted Earnings Per Share

   $ 0.76     $ 1.19     $ 0.44  
  

 

 

   

 

 

   

 

 

 

Average Shares Outstanding - Basic

     167.5       156.2       154.8  

Average Shares Outstanding - Diluted

     192.8       190.7       160.0  
 
*

Amounts may not recalculate due to rounding.

 


LOGO   

Coherent Corp.

375 Saxonburg Blvd.

Saxonburg, PA 16056-9499

 

 

Table 2

Coherent Corp. and Subsidiaries

Condensed Consolidated Statements of Earnings*

(Continued)

 

     SIX MONTHS ENDED  
     Dec 31,     Dec 31,  

$ Millions, except per share amounts (unaudited)

   2025     2024  

Revenues

   $ 3,267.0     $ 2,782.8  

Costs, Expenses & Other Expense (Income)

    

Cost of goods sold

     2,065.0       1,813.3  

Research and development

     320.6       275.5  

Selling, general and administrative

     510.6       449.6  

Restructuring charges

     22.9       32.4  

Impairment of assets held-for-sale

     20.1       —   

Gain on sale of business

     (115.2     —   

Interest expense

     104.7       130.9  

Other expense (income), net

     (46.5     (66.6
  

 

 

   

 

 

 

Total Costs, Expenses, & Other Expense

     2,882.1       2,635.1  
  

 

 

   

 

 

 

Earnings Before Income Taxes

     384.9       147.7  

Income Taxes

     15.9       21.3  
  

 

 

   

 

 

 

Net Earnings

     369.0       126.4  

Net Loss Attributable to Noncontrolling Interests

     (4.1     (2.9
  

 

 

   

 

 

 

Net Earnings Attributable to Coherent Corp.

   $ 373.1     $ 129.3  
  

 

 

   

 

 

 

Less: Dividends on Preferred Stock

     35.1       64.1  
  

 

 

   

 

 

 

Net Earnings Available to the Common Shareholders

   $ 338.0     $ 65.2  
  

 

 

   

 

 

 

Basic Earnings Per Share

   $ 2.09     $ 0.42  
  

 

 

   

 

 

 

Diluted Earnings Per Share

   $ 1.95     $ 0.41  
  

 

 

   

 

 

 

Average Shares Outstanding - Basic

     161.8       154.2  

Average Shares Outstanding - Diluted

     191.7       159.3  
 
*

Amounts may not recalculate due to rounding.

 


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Coherent Corp.

375 Saxonburg Blvd.

Saxonburg, PA 16056-9499

 

 

Table 3

Coherent Corp. and Subsidiaries

Condensed Consolidated Balance Sheets*

 

     December 31,      June 30,  

$ Millions (unaudited)

   2025      2025  

Assets

     

Current Assets

     

Cash and cash equivalents

   $ 863.7      $ 909.2  

Restricted cash, current

     35.5        8.9  

Accounts receivable

     1,054.6        964.1  

Inventories

     1,847.9        1,437.6  

Prepaid and refundable income taxes

     44.1        55.8  

Prepaid and other current assets

     547.6        551.6  
  

 

 

    

 

 

 

Total Current Assets

     4,393.4        3,927.2  

Property, plant & equipment, net

     2,117.0        1,877.5  

Goodwill

     4,462.8        4,471.1  

Other intangible assets, net

     3,064.1        3,204.7  

Deferred income taxes

     69.1        53.4  

Restricted cash, non-current

     629.6        714.8  

Other assets

     351.8        662.2  
  

 

 

    

 

 

 

Total Assets

   $ 15,087.7      $ 14,910.9  
  

 

 

    

 

 

 

Liabilities, Mezzanine Equity and Equity

     

Current Liabilities

     

Current portion of long-term debt

   $ 106.5      $ 188.3  

Accounts payable

     1,118.5        847.0  

Operating lease current liabilities

     43.0        41.6  

Accruals and other current liabilities

     683.1        718.0  
  

 

 

    

 

 

 

Total Current Liabilities

     1,951.1        1,794.8  

Long-term debt

     3,245.4        3,498.6  

Deferred income taxes

     643.3        711.7  

Operating lease liabilities

     151.6        165.2  

Other liabilities

     208.1        259.3  
  

 

 

    

 

 

 

Total Liabilities

     6,199.4        6,429.7  

Total Mezzanine Equity

     —         2,483.3  

Total Coherent Corp. Shareholders’ Equity

     8,539.3        5,644.5  

Noncontrolling interests

     349.0        353.5  
  

 

 

    

 

 

 

Total Equity

     8,888.3        5,998.0  
  

 

 

    

 

 

 

Total Liabilities, Mezzanine Equity and Equity

   $ 15,087.7      $ 14,910.9  
 
*

Amounts may not recalculate due to rounding.

 


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Coherent Corp.

375 Saxonburg Blvd.

Saxonburg, PA 16056-9499

 

 
 

Table 4

Coherent Corp. and Subsidiaries

Condensed Consolidated Statements of Cash Flows*

 

     SIX MONTHS ENDED  
     Dec 31,     Dec 31,  

$ Millions (unaudited)

   2025     2024  

Cash Flows from Operating Activities

    

Net cash provided by operating activities

   $ 103.9     $ 340.4  
  

 

 

   

 

 

 

Cash Flows from Investing Activities

    

Additions to property, plant & equipment

     (257.5     (197.7

Proceeds from the sale of business

     385.8       27.0  

Proceeds from sale of equity investment

     31.5       —   

Other investing activities

     (1.5     (1.1
  

 

 

   

 

 

 

Net cash provided by (used in) investing activities

     158.3       (171.8
  

 

 

   

 

 

 

Cash Flows from Financing Activities

    

Proceeds from borrowings of Term A Facility

     1,250.0       —   

Proceeds from borrowings of Term B Facility

     3.3       —   

Proceeds from borrowings of revolving credit facilities

     313.6       —   

Payments on existing debt

     (1,659.4     (250.2

Payments on borrowings under revolving credit facilities

     (251.3     —   

Debt issuance costs

     (9.1     —   

Proceeds from exercises of stock options and purchases under employee stock purchase plan

     30.1       29.2  

Payments in satisfaction of employees’ minimum tax obligations

     (44.6     (45.0

Payment of dividends

     (11.4     —   

Other financing activities

     0.6       (0.5
  

 

 

   

 

 

 

Net cash used in financing activities

     (378.4     (266.5
  

 

 

   

 

 

 

Effect of exchange rate changes on cash and cash equivalents

     12.2       (23.1

Net decrease in cash and cash equivalents

     (104.1     (121.0

Cash, Cash Equivalents, and Restricted Cash at Beginning of Period

     1,632.9       1,789.7  
  

 

 

   

 

 

 

Cash, Cash Equivalents, and Restricted Cash at End of Period

   $ 1,528.8     $ 1,668.6  
  

 

 

   

 

 

 
 
*

Amounts may not recalculate due to rounding.

 


LOGO   

Coherent Corp.

375 Saxonburg Blvd.

Saxonburg, PA 16056-9499

 

 

Table 5

Segment Revenues*

 

     THREE MONTHS ENDED      SIX MONTHS ENDED  
     Dec 31,      Sep 30,      Dec 31,      Dec 31,      Dec 31,  

$ Millions (unaudited)

   2025      2025      2024      2025      2024  

Revenues:

              

Datacenter & Communications

   $ 1,208.0      $ 1,090.0      $ 904.6      $ 2,298.0      $ 1,768.2  

Industrial

     477.6        491.4        530.1        969.0        1,014.6  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Consolidated

   $ 1,685.6      $ 1,581.4      $ 1,434.7      $ 3,267.0      $ 2,782.8  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
 
*

Amounts may not recalculate due to rounding.

 

10


LOGO   

Coherent Corp.

375 Saxonburg Blvd.

Saxonburg, PA 16056-9499

 

 

Table 6

Reconciliation of GAAP Measures to Non-GAAP Measures*

 

     THREE MONTHS ENDED     SIX MONTHS ENDED  

$ Millions, except per share amounts (unaudited)

   Dec 31,
2025
    Sep 30,
2025
    Dec 31,
2024
    Dec 31,
2025
    Dec 31,
2024(1)
 

Gross margin on GAAP basis

   $ 622.8     $ 579.2     $ 509.4     $ 1,202.0     $ 969.5  

Share-based compensation

     6.3       5.9       5.6       12.2       11.3  

Amortization of acquired intangibles

     27.7       27.8       30.4       55.5       60.8  

Integration, site consolidation and other(2)

     0.3       (0.3     2.6       —        1.7  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Gross margin on non-GAAP basis

   $ 657.1     $ 612.6     $ 548.0     $ 1,269.6     $ 1,043.3  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Research & development on GAAP basis

   $ 165.7     $ 154.9     $ 143.9     $ 320.6     $ 275.5  

Share-based compensation

     (6.7     (6.8     (5.7     (13.5     (11.0

Amortization of acquired intangibles

     (0.2     (0.2     (0.6     (0.4     (1.3

Integration, site consolidation and other(2)

     —        —        (0.2     —        0.1  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Research & development on non-GAAP basis

   $ 158.8     $ 147.9     $ 137.4     $ 306.7     $ 263.3  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Selling, general and administrative on GAAP basis

   $ 258.5     $ 252.1     $ 220.6     $ 510.6     $ 449.6  

Share-based compensation

     (31.6     (32.0     (29.7     (63.6     (54.2

Amortization of acquired intangibles

     (42.6     (41.5     (40.7     (84.1     (81.5

Integration, site consolidation and other(2)

     (21.1     (22.5     (4.5     (43.6     (16.3

Financing fees(3)

     (0.8     (0.3     —        (1.1     —   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Selling, general and administrative on non-GAAP basis

   $ 162.3     $ 155.8     $ 145.7     $ 318.0     $ 297.5  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Restructuring charges on GAAP basis

   $ 3.6     $ 19.3     $ 8.0     $ 22.9     $ 32.4  

Restructuring charges(4)

     (3.6     (19.3     (8.0     (22.9     (32.4
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Restructuring charges on non-GAAP basis

   $ —      $ —      $ —      $ —      $ —   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Impairment of assets held-for-sale on GAAP basis

   $ 11.0     $ 9.1     $ —      $ 20.1     $ —   

Impairment of assets held-for-sale(5)

     (11.0     (9.1     —        (20.1     —   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Impairment of assets held-for-sale on non-GAAP basis

   $ —      $ —      $ —      $ —      $ —   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Gain on sale of business on GAAP basis

   $ —      $ (115.2   $ —      $ (115.2   $ —   

Gain on sale of business(6)

     —        115.2       —        115.2       —   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Gain on sale of business on non-GAAP basis

   $ —      $ —      $ —      $ —      $ —   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating income on GAAP basis

   $ 184.0     $ 259.1     $ 136.9     $ 443.1     $ 212.1  

Share-based compensation

     44.6       44.7       41.0       89.3       76.5  

Amortization of acquired intangibles

     70.5       69.5       71.7       140.0       143.6  

Restructuring charges(4)

     3.6       19.3       8.0       22.9       32.4  

Impairment of assets held-for-sale(5)

     11.0       9.1       —        20.1       —   

Gain on sale of business(6)

     —        (115.2     —        (115.2     —   

Integration, site consolidation and other(2)

     21.4       22.2       7.3       43.6       17.9  

Financing fees(3)

     0.8       0.3       —        1.1       —   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating income on non-GAAP basis

   $ 336.0     $ 308.9     $ 264.9     $ 645.0     $ 482.5  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

11


LOGO   

Coherent Corp.

375 Saxonburg Blvd.

Saxonburg, PA 16056-9499

 

 

Table 6

Reconciliation of GAAP Measures to Non-GAAP Measures* (Continued)

 

     THREE MONTHS ENDED     SIX MONTHS ENDED  

$ Millions, except per share amounts (unaudited)

   Dec 31,
2025
    Sep 30,
2025
    Dec 31,
2024
    Dec 31,
2025
    Dec 31,
2024(1)
 

Interest and other (income) expense, net on GAAP basis

   $ 16.0     $ 42.2     $ 8.5     $ 58.2     $ 64.4  

Foreign currency exchange gains (losses), net

     2.4       0.8       35.1       3.2       25.3  

Gain on sale of investment(7)

     14.8       6.7       —        21.5       —   

Financing fees(3)

     —        (12.1     —        (12.1     —   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Interest and other (income) expense, net on non-GAAP basis

   $ 33.2     $ 37.6     $ 43.6     $ 70.8     $ 89.7  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income taxes on GAAP basis

   $ 24.2     $ (8.3   $ 26.9     $ 15.9     $ 21.3  

Tax impact of non-GAAP measures(8)

     33.4       59.9       11.5       93.3       51.4  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income taxes on non-GAAP basis

   $ 57.5     $ 51.5     $ 38.4     $ 109.1     $ 72.7  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net earnings attributable to Coherent Corp. on GAAP basis

   $ 146.7     $ 226.3     $ 103.4     $ 373.1     $ 129.3  

Share-based compensation

     44.6       44.7       41.0       89.3       76.5  

Amortization of acquired intangibles

     70.5       69.5       71.7       140.0       143.6  

Foreign currency exchange gains

     (2.4     (0.8     (35.1     (3.2     (25.3

Restructuring charges(4)

     3.6       19.3       8.0       22.9       32.4  

Impairment of assets held-for-sale(5)

     11.0       9.1       —        20.1       —   

Gain on sale of business(6)

     —        (115.2     —        (115.2     —   

Integration, site consolidation and other(2)

     21.4       22.2       7.3       43.6       17.9  

Gain on sale of investment(7)

     (14.8     (6.7     —        (21.5     —   

Financing fees(3)

     0.8       12.4       —        13.2       —   

Tax impact of non-GAAP measures(8)

     (33.4     (59.9     (11.5     (93.3     (51.4
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net earnings attributable to Coherent Corp. on non-GAAP basis

   $ 248.2     $ 220.9     $ 184.8     $ 469.1     $ 323.1  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Per share data:

          

Net earnings on GAAP basis

          

Basic Earnings Per Share

   $ 0.87     $ 1.24     $ 0.46     $ 2.09     $ 0.42  

Diluted Earnings Per Share

   $ 0.76     $ 1.19     $ 0.44     $ 1.95     $ 0.41  

Net earnings on non-GAAP basis

          

Basic Earnings Per Share

   $ 1.47     $ 1.20     $ 0.99     $ 2.68     $ 1.68  

Diluted Earnings Per Share

   $ 1.29     $ 1.16     $ 0.95     $ 2.45     $ 1.63  
 
*

Amounts may not recalculate due to rounding.

 

12


LOGO   

Coherent Corp.

375 Saxonburg Blvd.

Saxonburg, PA 16056-9499

 

(1) 

During the second fiscal quarter of 2025, the Company refined its methodology to report non-GAAP measures. The change does not impact the Company’s financial position, cash flows, or GAAP consolidated results of operations. Prior period non-GAAP financial measures presented in this press release have been recast to conform to the current presentation.

(2)

Integration, site consolidation and other costs include retention and severance payments and other integration costs related to the acquisition of Coherent, Inc., implementation of common technology systems and costs related business divestitures.

(3)

Financing fees includes debt extinguishment costs and various fees related to closing the new Credit Agreement and repricing our Term Loan B as well as the conversion of Preferred Stock to Common Stock.

(4)

Restructuring charges include non-cash impairment charges for production assets and improvements on leased facilities, loss on sale of a facility, severance, contract termination costs and other costs related to the restructuring plans.

(5)

Impairment of assets held-for-sale relate to several entities classified as held-for-sale at December 31, 2025, September 30, 2025 and/or June 30, 2025.

(6)

Gain on sale of business is due to the sale of our aerospace and defense business.

(7)

Gain on sale of investment is due to the sale of shares in an equity method investment.

(8) 

The Company adopted a full-year, normalized tax rate for the computation of the non-GAAP income tax provision for fiscal year 2026. We believe this approach provides investors with a more consistent view of our underlying operating performance. In estimating the full-year non-GAAP normalized tax rate, the Company utilized a full-year financial projection that considers multiple factors such as changes to the Company’s current operating structure, expected reserve changes for the year, and other significant tax matters to the extent they are applicable to the full fiscal year financial projection. In addition to the adjustments described above, this normalized tax rate excludes the impact of share-based awards, amortization of acquisition-related intangible assets, integration and restructuring charges, foreign exchange gain/(loss), and certain tax valuation allowances.

For fiscal year 2026, the Company’s projected non-GAAP normalized tax rate is 19% and will be applied to each quarter of fiscal year 2026. The Company’s non-GAAP normalized tax rate on non-GAAP net income may be adjusted during the year to account for events or trends that the Company believes materially impact the original annual non-GAAP normalized tax rate including, but not limited to, significant changes resulting from tax legislation, acquisitions or dispositions, entity structures or operational changes and other significant events. These additional non-GAAP financial measures should not be considered substitutes for any measures derived in accordance with GAAP and may be inconsistent with similar measures presented by other companies.

 

13


LOGO   

Coherent Corp.

375 Saxonburg Blvd.

Saxonburg, PA 16056-9499

 

 

Table 7

GAAP Earnings Per Share Calculation*

 

     THREE MONTHS ENDED     SIX MONTHS ENDED  

$ Millions, except per share amounts (unaudited)

   Dec 31,
2025
    Sep 30,
2025
    Dec 31,
2024
    Dec 31,
2025
    Dec 31,
2024
 

Numerator

          

Net earnings attributable to Coherent Corp.

   $ 146.7     $ 226.3     $ 103.4     $ 373.1     $ 129.3  

Deduct Series B redeemable preferred dividends

     (1.6     (33.5     (32.3     (35.1     (64.1
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings available to common shareholders

   $ 145.1     $ 192.9     $ 71.1     $ 338.0     $ 65.2  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Effect of dilutive securities

          

Add back Series B Preferred deemed dividends

   $ 1.6     $ 33.5     $ —      $ 35.1     $ —   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings available to common shareholders

   $ 146.7     $ 226.3     $ 71.1     $ 373.1     $ 65.2  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Denominator

          

Weighted average shares

     167.5       156.2       154.8       161.8       154.2  

Effect of dilutive securities:

          

Common stock equivalents

     5.5       4.6       5.2       5.0       5.1  

Series B Redeemable Preferred Stock

     19.8       29.9       —        24.8       —   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted weighted average common shares

     192.8       190.7       160.0       191.7       159.3  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings per common share

   $ 0.87     $ 1.24     $ 0.46     $ 2.09     $ 0.42  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings per common share

   $ 0.76     $ 1.19     $ 0.44     $ 1.95     $ 0.41  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
 
*

Amounts may not recalculate due to rounding.

 

14


LOGO   

Coherent Corp.

375 Saxonburg Blvd.

Saxonburg, PA 16056-9499

 

 

Table 8

Non-GAAP Earnings Per Share Calculation*

 

     THREE MONTHS ENDED     SIX MONTHS ENDED  

$ Millions, except per share amounts (unaudited)

   Dec 31,
2025
    Sep 30,
2025
    Dec 31,
2024
    Dec 31,
2025
    Dec 31,
2024(1)
 

Numerator

          

Net earnings attributable to Coherent Corp. on non-GAAP basis

   $ 248.2     $ 220.9     $ 184.8     $ 469.1     $ 323.1  

Deduct Series B redeemable preferred dividends

     (1.6     (33.5     (32.3     (35.1     (64.1
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings available to common shareholders

   $ 246.6     $ 187.5     $ 152.6     $ 434.0     $ 259.0  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Effect of dilutive securities

          

Add back Series B Preferred Stock dividends

   $ 1.6     $ 33.5     $ —      $ 35.1     $ —   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings available to common shareholders

   $ 248.2     $ 220.9     $ 152.6     $ 469.1     $ 259.0  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Denominator

          

Weighted average shares

     167.5       156.2       154.8       161.8       154.2  

Effect of dilutive securities:

          

Common stock equivalents

     5.5       4.6       5.2       5.0       5.1  

Series B Redeemable Preferred Stock

     19.8       29.9       —        24.8       —   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted weighted average common shares

     192.8       190.7       160.0       191.7       159.3  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings per common share on non-GAAP basis

   $ 1.47     $ 1.20     $ 0.99     $ 2.68     $ 1.68  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings per common share on non-GAAP basis

   $ 1.29     $ 1.16     $ 0.95     $ 2.45     $ 1.63  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
 
*

Amounts may not recalculate due to rounding.

(1) 

During the second fiscal quarter of 2025, the Company refined its methodology to report non-GAAP measures. The change does not impact the Company’s financial position, cash flows, or GAAP consolidated results of operations. Prior period non-GAAP financial measures presented in this press release have been recast to conform to the current presentation.

 

15

EX-99.2 3 d101115dex992.htm EX-99.2 EX-99.2

Slide 1

Second Quarter Fiscal 2026 February 4, 2026 Investor Presentation Exhibit 99.2


Slide 2

Forward-Looking Statements This presentation contains forward-looking statements relating to future events and expectations, including our expectations regarding our estimates and projections for our business outlook for the third quarter of fiscal 2026, each of which is based on certain assumptions and contingencies. The forward-looking statements are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and relate to the Company’s performance on a going-forward basis. The forward-looking statements in this investor presentation involve risks and uncertainties, which could cause actual results, performance, or trends to differ materially from those expressed in the forward-looking statements herein or in previous disclosures. The Company believes that all forward-looking statements made by it in this presentation have a reasonable basis, but there can be no assurance that management’s expectations, beliefs, or projections as expressed in the forward-looking statements will actually occur or prove to be correct. In addition to general industry and global economic conditions, factors that could cause actual results to differ materially from those discussed in the forward-looking statements in this presentation include but are not limited to: (i) the failure of any one or more of the assumptions stated herein to prove to be correct; (ii) changes in demand in the Company’s end markets along with the Company’s ability to respond to such market changes; (iii) risks relating to future integration and/or restructuring actions; (iv) fluctuations in purchasing patterns of customers and end users; (v) the ability of the Company to retain and hire key employees; (vi) the terms of the Company’s indebtedness and ability to service such debt; (vii) the timely release of new products and acceptance of such new products by the market; (viii) the introduction of new products by competitors and other competitive responses; (ix) the Company’s ability to assimilate acquired businesses, and realize synergies, cost savings, and opportunities for growth in connection therewith, together with the risks, costs, and uncertainties associated with such acquisitions; (x) the risks to realizing the benefits of investments in R&D and commercialization of innovations; (xi) the risks that the Company’s stock price will not trade in line with industrial technology leaders; (xii) the impact of trade protection measures, such as import tariffs by the United States or retaliatory actions taken by other countries; and/or (xiii) the risks relating to forward-looking statements and other “Risk Factors” identified from time to time in our filings with the Securities and Exchange Commission (“SEC”), including our Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and our subsequently filed Quarterly Reports on Form 10-Q, which filings are available from the SEC. The Company disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events or developments, or otherwise. Unless otherwise indicated in this presentation, all information in this presentation is as of February 4, 2026. This presentation contains non-GAAP financial measures and key metrics relating to the Company’s past performance. We believe the presentation of these non-GAAP financial measures enhances investors' overall understanding of our historical financial performance and assists investors in comparing our performance across reporting periods. These non-GAAP financial measures are in addition to, and not as a substitute for or superior to, measures of financial performance prepared in accordance with U.S. GAAP. There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents. For example, other companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. 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.” The Company has not provided a quantitative reconciliation of forward-looking non-GAAP gross margin percentage, non-GAAP operating expenses, non-GAAP tax rate and non-GAAP earnings per share, because we cannot, without unreasonable efforts, forecast certain items required to develop comparable GAAP measures.  These items include, without limitation, restructuring charges; integration, site consolidation and other expenses; foreign exchange gains (losses); and share based compensation expense.  The variability of these items could significantly impact our future GAAP financial results and we believe that the inclusion of any such reconciliations would imply a degree or precision that could be confusing or misleading to investors.


Slide 3

Gross MARGIN and earnings per common share GAAP to Non-GAAP Reconciliations REVENUE BY SEGMENT [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY MARKET [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Calc for Q4 YTD FY23 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 1,761,621,401 1,349,453,000 ,412,168,401 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 2,293,379,536 1,723,758,000 ,569,621,536 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY REGION [Data used for bar graph] $ Millions 45,382 45,473 45,565 45,657 45,747 North America 688 756 807 860 944 0.63017356475300401 9.7674418604651203E-2 0.372093023255814 Europe 182 182 169 167 173 0.115487316421896 3.59281437125748E-2 -4.94505494505494E-2 Japan & Korea 155 167 165 187 177 0.118157543391188 -5.3475935828876997E-2 0.14193548387096799 China 154 173 170 184 161 0.11 rounded to foot -0.125 4.5454545454545497E-2 Other 30 36 37 37 43 2.8704939919893199E-2 0.162162162162162 0.43333333333333302 Total 1,209 1,314 1,348 1,435 1,498 1.0025233644859799 4.39024390243902E-2 0.23904052936310999 GROSS MARGIN RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 OPERATING EXPENSES RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 R&D on GAAP basis ,165,700,000 ,154,900,000 ,155,700,000 ,150,700,000 ,143,900,000 Share-based compensation -6,700,000 -6,800,000 -5,900,000 -5,400,000 -5,700,000 Amortization of acquired intangibles -,200,000 -,200,000 -,200,000 -3,800,000 -,600,000 Start-up costs 0 0 Integration, site consolidation and other 0 ,100,000 ,100,000 -,400,000 -,200,000 R&D on non-GAAP basis ,158,800,000 ,148,000,000 ,149,700,000 ,141,100,000 ,137,400,000 SG&A on GAAP basis ,258,500,000 ,252,100,000 ,245,400,000 ,231,400,000 ,220,600,000 Share-based compensation ,-31,600,000 ,-32,000,000 ,-32,600,000 ,-29,500,000 ,-29,700,000 Amortization of acquired intangibles ,-42,600,000 ,-41,500,000 ,-41,200,000 ,-39,700,000 ,-40,700,000 Financing fees -,800,000 0 0 0 0 Integration, site consolidation and other ,-21,100,000 ,-22,540,000 ,-14,300,000 -6,000,000 -4,500,000 SG&A on non-GAAP basis ,162,400,000 ,156,060,000 ,157,300,000 ,156,200,000 ,145,700,000 Restructuring on GAAP basis 3,600,000 19,300,000 53,900,000 73,800,000 8,000,000 Restructuring -3,600,000 ,-19,300,000 ,-53,900,000 ,-73,800,000 -8,000,000 Restructuring on non-GAAP basis 0 0 0 0 0 Impairment of assets held-for-sale on GAAP basis 11,000,000 9,100,000 85,000,000 0 0 Impairment of assets held-for-sale ,-11,000,000 -9,100,000 ,-85,000,000 0 0 Impairment of assets held-for-sale on non-GAAP basis 0 0 0 0 0 Gain on sale of business on GAAP basis 0 -,115,200,000 0 0 0 Gain on sale of business 0 ,115,200,000 0 0 0 Gain on sale of business on non-GAAP basis 0 0 0 0 0 INCOME FROM OPERATIONS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Op. income on GAAP basis ,184,000,000 ,259,100,000 6,000,000 72,000,000 ,136,900,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Fair value adjustment on acquired inventory 0 0 0 0 0 Amortization of acquired intangibles 70,500,000 69,500,000 72,000,000 87,000,000 71,700,000 Start-up costs 0 0 0 0 0 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Financing fees ,800,000 0 0 0 0 Impairment of assets held-for-sale 11,000,000 9,100,000 85,000,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Op. income on non-GAAP basis ,335,900,000 ,308,740,000 ,275,000,000 ,279,000,000 ,264,900,000 Non-GAAP Op. Margin Percentage 0.199335548172757 0.19500000000000001 0.18 0.186 0.185 NET EARNINGS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Net earnings (loss) attributable to Coherent Corp. on GAAP basis ,146,700,000 ,226,300,000 ,-96,000,000 16,000,000 ,103,400,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Amortization of acquired intangibles 70,500,000 69,500,000 71,700,000 87,000,000 71,700,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Foreign currency exch. (gains) losses -2,400,000 -,800,000 37,000,000 17,000,000 ,-35,100,000 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Impairment of assets held-for-sale 11,000,000 9,100,000 85,200,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Gain on sale of investment ,-14,800,000 -6,700,000 0 0 0 Financing fees ,800,000 12,400,000 0 0 0 Non-controlling interest impact of non-GAAP items 0 0 0 ,-12,000,000 0 Tax impact of non-GAAP measures ,-33,400,000 ,-59,900,000 ,-18,000,000 ,-51,000,000 ,-11,000,000 . Net earnings attributable to Coherent Corp. on non-GAAP basis ,248,000,000 ,220,940,000 ,191,900,000 ,177,000,000 ,185,300,000 GROSS MARGIN AND EARNINGS PER COMMON SHARE $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 $ for EPS, $ Millions for shares (Unaudited) 46,022 45,930 45,838 45,747 45,657 Common shares, GAAP ,167,512,000 156.15600000000001 155.5 155.19999999999999 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 0 0 5.2 Series B Redeemable Preferred Stock 19,793,000 29.9 0 0 0 Diluted weighted average common shares, GAAP ,192,757,000 190.69 155.5 155.19999999999999 160 Common shares, Non-GAAP ,167,512,000 156.15600000000001 155.5 155.15 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 3.7 3.95 5.2 Series B Redeemable Preferred Stock 19,793,000 29.884 0 0 0 Diluted weighted average common shares, Non-GAAP ,192,757,000 190.67400000000001 159.19999999999999 159.1 160 Net earnings (loss) attributable to Coherent Corp., GAAP Basic Earnings (Loss) Per Share 0.86617078179473705 1.2351110000000001 -0.83 -0.11 0.46 Diluted Earnings (Loss) Per Share 0.76115004902545702 1.1870989999999999 -0.83 -0.11 0.44 Net earnings attributable to Coherent Corp., non-GAAP Basic Earnings Per Share 1.4719960361048801 1.200472 1.02 0.93 0.99 Diluted Earnings Per Share 1.2876315775821401 1.15873 1 0.91 0.95 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 QTD End Market Distribution of Q1FY25 QTD Revenue Reported Segments Q1FY24 Revenue Q1FY25 Revenue Q1FY24/Q1FY25 Revenue Growth Q1FY25 Op Margin - GAAP Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment ,905,000,000 1,208,000,000 0.33480662983425402 5.9673366834170898 0.23408710217755399 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment ,530,000,000 ,477,600,000 -9.8867924528301898E-2 0.24991721854304599 0.25364238410596002 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue #REF! #REF! #REF! 0.10915994304698599 0.199335548172757 0.716616764424437 0.283383235575563 5.1436466037280498E-2 6.5920850407143294E-2 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 YTD End Market Distribution of Ytd Q1FY25 YTD Revenue Reported Segments Ytd Q1FY24 Revenue Ytd Q1FY25 Revenue Ytd Q1FY24/Q1FY25 Revenue Growth Ytd Q1FY25 Op Margin - GAAP Ytd Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment 1,014,612,000 1,208,000,000 0.19060291027506099 8.1630546955624397 0.23570691434468499 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment 1,768,188,000 ,477,600,000 -0.72989297518137197 0.23933855526544801 0.250522193211488 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue 2,782,800,000 #REF! #REF! 0.13562901744719899 0.19742883379247 0.70338080083697396 0.29661919916302598 5.1436466037280498E-2 6.5920850407143294E-2 REVENUE BY SEGMENT [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY MARKET [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Calc for Q4 YTD FY23 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 1,761,621,401 1,349,453,000 ,412,168,401 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 2,293,379,536 1,723,758,000 ,569,621,536 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY REGION [Data used for bar graph] $ Millions 45,382 45,473 45,565 45,657 45,747 North America 688 756 807 860 944 0.63017356475300401 9.7674418604651203E-2 0.372093023255814 Europe 182 182 169 167 173 0.115487316421896 3.59281437125748E-2 -4.94505494505494E-2 Japan & Korea 155 167 165 187 177 0.118157543391188 -5.3475935828876997E-2 0.14193548387096799 China 154 173 170 184 161 0.11 rounded to foot -0.125 4.5454545454545497E-2 Other 30 36 37 37 43 2.8704939919893199E-2 0.162162162162162 0.43333333333333302 Total 1,209 1,314 1,348 1,435 1,498 1.0025233644859799 4.39024390243902E-2 0.23904052936310999 GROSS MARGIN RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 OPERATING EXPENSES RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 R&D on GAAP basis ,165,700,000 ,154,900,000 ,155,700,000 ,150,700,000 ,143,900,000 Share-based compensation -6,700,000 -6,800,000 -5,900,000 -5,400,000 -5,700,000 Amortization of acquired intangibles -,200,000 -,200,000 -,200,000 -3,800,000 -,600,000 Start-up costs 0 0 Integration, site consolidation and other 0 ,100,000 ,100,000 -,400,000 -,200,000 R&D on non-GAAP basis ,158,800,000 ,148,000,000 ,149,700,000 ,141,100,000 ,137,400,000 SG&A on GAAP basis ,258,500,000 ,252,100,000 ,245,400,000 ,231,400,000 ,220,600,000 Share-based compensation ,-31,600,000 ,-32,000,000 ,-32,600,000 ,-29,500,000 ,-29,700,000 Amortization of acquired intangibles ,-42,600,000 ,-41,500,000 ,-41,200,000 ,-39,700,000 ,-40,700,000 Financing fees -,800,000 0 0 0 0 Integration, site consolidation and other ,-21,100,000 ,-22,540,000 ,-14,300,000 -6,000,000 -4,500,000 SG&A on non-GAAP basis ,162,400,000 ,156,060,000 ,157,300,000 ,156,200,000 ,145,700,000 Restructuring on GAAP basis 3,600,000 19,300,000 53,900,000 73,800,000 8,000,000 Restructuring -3,600,000 ,-19,300,000 ,-53,900,000 ,-73,800,000 -8,000,000 Restructuring on non-GAAP basis 0 0 0 0 0 Impairment of assets held-for-sale on GAAP basis 11,000,000 9,100,000 85,000,000 0 0 Impairment of assets held-for-sale ,-11,000,000 -9,100,000 ,-85,000,000 0 0 Impairment of assets held-for-sale on non-GAAP basis 0 0 0 0 0 Gain on sale of business on GAAP basis 0 -,115,200,000 0 0 0 Gain on sale of business 0 ,115,200,000 0 0 0 Gain on sale of business on non-GAAP basis 0 0 0 0 0 INCOME FROM OPERATIONS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Op. income on GAAP basis ,184,000,000 ,259,100,000 6,000,000 72,000,000 ,136,900,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Fair value adjustment on acquired inventory 0 0 0 0 0 Amortization of acquired intangibles 70,500,000 69,500,000 72,000,000 87,000,000 71,700,000 Start-up costs 0 0 0 0 0 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Financing fees ,800,000 0 0 0 0 Impairment of assets held-for-sale 11,000,000 9,100,000 85,000,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Op. income on non-GAAP basis ,335,900,000 ,308,740,000 ,275,000,000 ,279,000,000 ,264,900,000 Non-GAAP Op. Margin Percentage 0.199335548172757 0.19500000000000001 0.18 0.186 0.185 NET EARNINGS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Net earnings (loss) attributable to Coherent Corp. on GAAP basis ,146,700,000 ,226,300,000 ,-96,000,000 16,000,000 ,103,400,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Amortization of acquired intangibles 70,500,000 69,500,000 71,700,000 87,000,000 71,700,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Foreign currency exch. (gains) losses -2,400,000 -,800,000 37,000,000 17,000,000 ,-35,100,000 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Impairment of assets held-for-sale 11,000,000 9,100,000 85,200,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Gain on sale of investment ,-14,800,000 -6,700,000 0 0 0 Financing fees ,800,000 12,400,000 0 0 0 Non-controlling interest impact of non-GAAP items 0 0 0 ,-12,000,000 0 Tax impact of non-GAAP measures ,-33,400,000 ,-59,900,000 ,-18,000,000 ,-51,000,000 ,-11,000,000 . Net earnings attributable to Coherent Corp. on non-GAAP basis ,248,000,000 ,220,940,000 ,191,900,000 ,177,000,000 ,185,300,000 GROSS MARGIN AND EARNINGS PER COMMON SHARE $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 $ for EPS, $ Millions for shares (Unaudited) 46,022 45,930 45,838 45,747 45,657 Common shares, GAAP ,167,512,000 156.15600000000001 155.5 155.19999999999999 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 0 0 5.2 Series B Redeemable Preferred Stock 19,793,000 29.9 0 0 0 Diluted weighted average common shares, GAAP ,192,757,000 190.69 155.5 155.19999999999999 160 Common shares, Non-GAAP ,167,512,000 156.15600000000001 155.5 155.15 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 3.7 3.95 5.2 Series B Redeemable Preferred Stock 19,793,000 29.884 0 0 0 Diluted weighted average common shares, Non-GAAP ,192,757,000 190.67400000000001 159.19999999999999 159.1 160 Net earnings (loss) attributable to Coherent Corp., GAAP Basic Earnings (Loss) Per Share 0.86617078179473705 1.2351110000000001 -0.83 -0.11 0.46 Diluted Earnings (Loss) Per Share 0.76115004902545702 1.1870989999999999 -0.83 -0.11 0.44 Net earnings attributable to Coherent Corp., non-GAAP Basic Earnings Per Share 1.4719960361048801 1.200472 1.02 0.93 0.99 Diluted Earnings Per Share 1.2876315775821401 1.15873 1 0.91 0.95 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 QTD End Market Distribution of Q1FY25 QTD Revenue Reported Segments Q1FY24 Revenue Q1FY25 Revenue Q1FY24/Q1FY25 Revenue Growth Q1FY25 Op Margin - GAAP Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment ,905,000,000 1,208,000,000 0.33480662983425402 5.9673366834170898 0.23408710217755399 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment ,530,000,000 ,477,600,000 -9.8867924528301898E-2 0.24991721854304599 0.25364238410596002 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue #REF! #REF! #REF! 0.10915994304698599 0.199335548172757 0.716616764424437 0.283383235575563 5.1436466037280498E-2 6.5920850407143294E-2 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 YTD End Market Distribution of Ytd Q1FY25 YTD Revenue Reported Segments Ytd Q1FY24 Revenue Ytd Q1FY25 Revenue Ytd Q1FY24/Q1FY25 Revenue Growth Ytd Q1FY25 Op Margin - GAAP Ytd Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment 1,014,612,000 1,208,000,000 0.19060291027506099 8.1630546955624397 0.23570691434468499 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment 1,768,188,000 ,477,600,000 -0.72989297518137197 0.23933855526544801 0.250522193211488 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue 2,782,800,000 #REF! #REF! 0.13562901744719899 0.19742883379247 0.70338080083697396 0.29661919916302598 5.1436466037280498E-2 6.5920850407143294E-2


Slide 4

Demonstrated photonics enabled, high quality, security grade random number generator for quantum safe networking Q2 FY 2026 revenue and NON-GAAP Earnings Results Highlights 34% Datacenter & Communications Q2 FY26/Q2 FY25 0%* Q2 FY26/Q2 FY25* Industrial Revenue by Segment* Highlights Lasers for direct fusion energy generation and for processing superconducting tape used in magnetic fusion applications “We delivered strong year-over-year revenue growth in the December quarter, driven by another quarter of strong demand in our datacenter and communications segment. We expect continued strong growth in the second-half of fiscal 2026 and throughout fiscal 2027 based on strong datacenter and communications demand and our continued production capacity expansion along with improving demand in our Industrial segment.” Jim Anderson, CEO Revenue 22%* $1.69B in Q2 FY26 vs. $1.38B in Q2 FY25* Earnings Per Share 35%* $1.29 in Q2 FY26 vs. $0.95 in Q2 FY25 Gross Margin 77BP* 39.0% in Q2 FY26 vs. 38.2% in Q2 FY25 Q2 FY26 Datacenter & Communications Industrial XPU cooling solutions based on 300 mm SiC and ThermaditeTM technology *Revenue and revenue growth are shown on a pro forma basis to exclude for all periods revenue from the sale of our former Aerospace & Defense business, which closed on September 2, 2025. Gross margin and earnings per share are based on financial results reported February 4, 2026. Please refer to reconciliation of GAAP to Non-GAAP gross margin, and reconciliation of GAAP and Non-GAAP EPS.


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Datacenter and Communications Industrial FY26Q2 Note: Amounts may not foot due to rounding. QUARTERLY REVENUE BY SEGMENT REVENUE DISTRIBUTION BY SEGMENT


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Third quarter fiscal 2026 Outlook (1) REVENUE $1.70 billion to $1.84 billion NON-GAAP GROSS MARGIN 38.5% to 40.5% NON-GAAP OPERATING EXPENSES $320 million to $340 million NON-GAAP TAX RATE 18% to 20% NON-GAAP EARNINGS PER SHARE $1.28 to $1.48 (1) The Company does not provide reconciliations of forward-looking non-GAAP measures. The Company is unable, without unreasonable efforts, to forecast certain items required to develop a meaningful GAAP financial measure that is comparable to this forward-looking figure. At the end of January 2026, we closed the sale of our product division based in Munich Germany that makes tools for materials processing. Our Q3 outlook includes $5M of revenue from the period prior to the close of the sale of the Munich tools business.


Slide 7

Gaap to Non-Gaap Reconciliation


Slide 8

Gross MARGIN Reconciliation REVENUE BY SEGMENT [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY MARKET [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Calc for Q4 YTD FY23 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 1,761,621,401 1,349,453,000 ,412,168,401 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 2,293,379,536 1,723,758,000 ,569,621,536 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY REGION [Data used for bar graph] $ Millions 45,382 45,473 45,565 45,657 45,747 North America 688 756 807 860 944 0.63017356475300401 9.7674418604651203E-2 0.372093023255814 Europe 182 182 169 167 173 0.115487316421896 3.59281437125748E-2 -4.94505494505494E-2 Japan & Korea 155 167 165 187 177 0.118157543391188 -5.3475935828876997E-2 0.14193548387096799 China 154 173 170 184 161 0.11 rounded to foot -0.125 4.5454545454545497E-2 Other 30 36 37 37 43 2.8704939919893199E-2 0.162162162162162 0.43333333333333302 Total 1,209 1,314 1,348 1,435 1,498 1.0025233644859799 4.39024390243902E-2 0.23904052936310999 GROSS MARGIN RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 OPERATING EXPENSES RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 R&D on GAAP basis ,165,700,000 ,154,900,000 ,155,700,000 ,150,700,000 ,143,900,000 Share-based compensation -6,700,000 -6,800,000 -5,900,000 -5,400,000 -5,700,000 Amortization of acquired intangibles -,200,000 -,200,000 -,200,000 -3,800,000 -,600,000 Start-up costs 0 0 Integration, site consolidation and other 0 ,100,000 ,100,000 -,400,000 -,200,000 R&D on non-GAAP basis ,158,800,000 ,148,000,000 ,149,700,000 ,141,100,000 ,137,400,000 SG&A on GAAP basis ,258,500,000 ,252,100,000 ,245,400,000 ,231,400,000 ,220,600,000 Share-based compensation ,-31,600,000 ,-32,000,000 ,-32,600,000 ,-29,500,000 ,-29,700,000 Amortization of acquired intangibles ,-42,600,000 ,-41,500,000 ,-41,200,000 ,-39,700,000 ,-40,700,000 Financing fees -,800,000 0 0 0 0 Integration, site consolidation and other ,-21,100,000 ,-22,540,000 ,-14,300,000 -6,000,000 -4,500,000 SG&A on non-GAAP basis ,162,400,000 ,156,060,000 ,157,300,000 ,156,200,000 ,145,700,000 Restructuring on GAAP basis 3,600,000 19,300,000 53,900,000 73,800,000 8,000,000 Restructuring -3,600,000 ,-19,300,000 ,-53,900,000 ,-73,800,000 -8,000,000 Restructuring on non-GAAP basis 0 0 0 0 0 Impairment of assets held-for-sale on GAAP basis 11,000,000 9,100,000 85,000,000 0 0 Impairment of assets held-for-sale ,-11,000,000 -9,100,000 ,-85,000,000 0 0 Impairment of assets held-for-sale on non-GAAP basis 0 0 0 0 0 Gain on sale of business on GAAP basis 0 -,115,200,000 0 0 0 Gain on sale of business 0 ,115,200,000 0 0 0 Gain on sale of business on non-GAAP basis 0 0 0 0 0 INCOME FROM OPERATIONS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Op. income on GAAP basis ,184,000,000 ,259,100,000 6,000,000 72,000,000 ,136,900,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Fair value adjustment on acquired inventory 0 0 0 0 0 Amortization of acquired intangibles 70,500,000 69,500,000 72,000,000 87,000,000 71,700,000 Start-up costs 0 0 0 0 0 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Financing fees ,800,000 0 0 0 0 Impairment of assets held-for-sale 11,000,000 9,100,000 85,000,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Op. income on non-GAAP basis ,335,900,000 ,308,740,000 ,275,000,000 ,279,000,000 ,264,900,000 Non-GAAP Op. Margin Percentage 0.199335548172757 0.19500000000000001 0.18 0.186 0.185 NET EARNINGS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Net earnings (loss) attributable to Coherent Corp. on GAAP basis ,146,700,000 ,226,300,000 ,-96,000,000 16,000,000 ,103,400,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Amortization of acquired intangibles 70,500,000 69,500,000 71,700,000 87,000,000 71,700,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Foreign currency exch. (gains) losses -2,400,000 -,800,000 37,000,000 17,000,000 ,-35,100,000 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Impairment of assets held-for-sale 11,000,000 9,100,000 85,200,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Gain on sale of investment ,-14,800,000 -6,700,000 0 0 0 Financing fees ,800,000 12,400,000 0 0 0 Non-controlling interest impact of non-GAAP items 0 0 0 ,-12,000,000 0 Tax impact of non-GAAP measures ,-33,400,000 ,-59,900,000 ,-18,000,000 ,-51,000,000 ,-11,000,000 . Net earnings attributable to Coherent Corp. on non-GAAP basis ,248,000,000 ,220,940,000 ,191,900,000 ,177,000,000 ,185,300,000 GROSS MARGIN AND EARNINGS PER COMMON SHARE $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 $ for EPS, $ Millions for shares (Unaudited) 46,022 45,930 45,838 45,747 45,657 Common shares, GAAP ,167,512,000 156.15600000000001 155.5 155.19999999999999 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 0 0 5.2 Series B Redeemable Preferred Stock 19,793,000 29.9 0 0 0 Diluted weighted average common shares, GAAP ,192,757,000 190.69 155.5 155.19999999999999 160 Common shares, Non-GAAP ,167,512,000 156.15600000000001 155.5 155.15 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 3.7 3.95 5.2 Series B Redeemable Preferred Stock 19,793,000 29.884 0 0 0 Diluted weighted average common shares, Non-GAAP ,192,757,000 190.67400000000001 159.19999999999999 159.1 160 Net earnings (loss) attributable to Coherent Corp., GAAP Basic Earnings (Loss) Per Share 0.86617078179473705 1.2351110000000001 -0.83 -0.11 0.46 Diluted Earnings (Loss) Per Share 0.76115004902545702 1.1870989999999999 -0.83 -0.11 0.44 Net earnings attributable to Coherent Corp., non-GAAP Basic Earnings Per Share 1.4719960361048801 1.200472 1.02 0.93 0.99 Diluted Earnings Per Share 1.2876315775821401 1.15873 1 0.91 0.95 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 QTD End Market Distribution of Q1FY25 QTD Revenue Reported Segments Q1FY24 Revenue Q1FY25 Revenue Q1FY24/Q1FY25 Revenue Growth Q1FY25 Op Margin - GAAP Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment ,905,000,000 1,208,000,000 0.33480662983425402 5.9673366834170898 0.23408710217755399 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment ,530,000,000 ,477,600,000 -9.8867924528301898E-2 0.24991721854304599 0.25364238410596002 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue #REF! #REF! #REF! 0.10915994304698599 0.199335548172757 0.716616764424437 0.283383235575563 5.1436466037280498E-2 6.5920850407143294E-2 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 YTD End Market Distribution of Ytd Q1FY25 YTD Revenue Reported Segments Ytd Q1FY24 Revenue Ytd Q1FY25 Revenue Ytd Q1FY24/Q1FY25 Revenue Growth Ytd Q1FY25 Op Margin - GAAP Ytd Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment 1,014,612,000 1,208,000,000 0.19060291027506099 8.1630546955624397 0.23570691434468499 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment 1,768,188,000 ,477,600,000 -0.72989297518137197 0.23933855526544801 0.250522193211488 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue 2,782,800,000 #REF! #REF! 0.13562901744719899 0.19742883379247 0.70338080083697396 0.29661919916302598 5.1436466037280498E-2 6.5920850407143294E-2 REVENUE BY SEGMENT [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY MARKET [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Calc for Q4 YTD FY23 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 1,761,621,401 1,349,453,000 ,412,168,401 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 2,293,379,536 1,723,758,000 ,569,621,536 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY REGION [Data used for bar graph] $ Millions 45,382 45,473 45,565 45,657 45,747 North America 688 756 807 860 944 0.63017356475300401 9.7674418604651203E-2 0.372093023255814 Europe 182 182 169 167 173 0.115487316421896 3.59281437125748E-2 -4.94505494505494E-2 Japan & Korea 155 167 165 187 177 0.118157543391188 -5.3475935828876997E-2 0.14193548387096799 China 154 173 170 184 161 0.11 rounded to foot -0.125 4.5454545454545497E-2 Other 30 36 37 37 43 2.8704939919893199E-2 0.162162162162162 0.43333333333333302 Total 1,209 1,314 1,348 1,435 1,498 1.0025233644859799 4.39024390243902E-2 0.23904052936310999 GROSS MARGIN RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 OPERATING EXPENSES RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 R&D on GAAP basis ,165,700,000 ,154,900,000 ,155,700,000 ,150,700,000 ,143,900,000 Share-based compensation -6,700,000 -6,800,000 -5,900,000 -5,400,000 -5,700,000 Amortization of acquired intangibles -,200,000 -,200,000 -,200,000 -3,800,000 -,600,000 Start-up costs 0 0 Integration, site consolidation and other 0 ,100,000 ,100,000 -,400,000 -,200,000 R&D on non-GAAP basis ,158,800,000 ,148,000,000 ,149,700,000 ,141,100,000 ,137,400,000 SG&A on GAAP basis ,258,500,000 ,252,100,000 ,245,400,000 ,231,400,000 ,220,600,000 Share-based compensation ,-31,600,000 ,-32,000,000 ,-32,600,000 ,-29,500,000 ,-29,700,000 Amortization of acquired intangibles ,-42,600,000 ,-41,500,000 ,-41,200,000 ,-39,700,000 ,-40,700,000 Financing fees -,800,000 0 0 0 0 Integration, site consolidation and other ,-21,100,000 ,-22,540,000 ,-14,300,000 -6,000,000 -4,500,000 SG&A on non-GAAP basis ,162,400,000 ,156,060,000 ,157,300,000 ,156,200,000 ,145,700,000 Restructuring on GAAP basis 3,600,000 19,300,000 53,900,000 73,800,000 8,000,000 Restructuring -3,600,000 ,-19,300,000 ,-53,900,000 ,-73,800,000 -8,000,000 Restructuring on non-GAAP basis 0 0 0 0 0 Impairment of assets held-for-sale on GAAP basis 11,000,000 9,100,000 85,000,000 0 0 Impairment of assets held-for-sale ,-11,000,000 -9,100,000 ,-85,000,000 0 0 Impairment of assets held-for-sale on non-GAAP basis 0 0 0 0 0 Gain on sale of business on GAAP basis 0 -,115,200,000 0 0 0 Gain on sale of business 0 ,115,200,000 0 0 0 Gain on sale of business on non-GAAP basis 0 0 0 0 0 INCOME FROM OPERATIONS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Op. income on GAAP basis ,184,000,000 ,259,100,000 6,000,000 72,000,000 ,136,900,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Fair value adjustment on acquired inventory 0 0 0 0 0 Amortization of acquired intangibles 70,500,000 69,500,000 72,000,000 87,000,000 71,700,000 Start-up costs 0 0 0 0 0 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Financing fees ,800,000 0 0 0 0 Impairment of assets held-for-sale 11,000,000 9,100,000 85,000,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Op. income on non-GAAP basis ,335,900,000 ,308,740,000 ,275,000,000 ,279,000,000 ,264,900,000 Non-GAAP Op. Margin Percentage 0.199335548172757 0.19500000000000001 0.18 0.186 0.185 NET EARNINGS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Net earnings (loss) attributable to Coherent Corp. on GAAP basis ,146,700,000 ,226,300,000 ,-96,000,000 16,000,000 ,103,400,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Amortization of acquired intangibles 70,500,000 69,500,000 71,700,000 87,000,000 71,700,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Foreign currency exch. (gains) losses -2,400,000 -,800,000 37,000,000 17,000,000 ,-35,100,000 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Impairment of assets held-for-sale 11,000,000 9,100,000 85,200,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Gain on sale of investment ,-14,800,000 -6,700,000 0 0 0 Financing fees ,800,000 12,400,000 0 0 0 Non-controlling interest impact of non-GAAP items 0 0 0 ,-12,000,000 0 Tax impact of non-GAAP measures ,-33,400,000 ,-59,900,000 ,-18,000,000 ,-51,000,000 ,-11,000,000 . Net earnings attributable to Coherent Corp. on non-GAAP basis ,248,000,000 ,220,940,000 ,191,900,000 ,177,000,000 ,185,300,000 GROSS MARGIN AND EARNINGS PER COMMON SHARE $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 $ for EPS, $ Millions for shares (Unaudited) 46,022 45,930 45,838 45,747 45,657 Common shares, GAAP ,167,512,000 156.15600000000001 155.5 155.19999999999999 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 0 0 5.2 Series B Redeemable Preferred Stock 19,793,000 29.9 0 0 0 Diluted weighted average common shares, GAAP ,192,757,000 190.69 155.5 155.19999999999999 160 Common shares, Non-GAAP ,167,512,000 156.15600000000001 155.5 155.15 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 3.7 3.95 5.2 Series B Redeemable Preferred Stock 19,793,000 29.884 0 0 0 Diluted weighted average common shares, Non-GAAP ,192,757,000 190.67400000000001 159.19999999999999 159.1 160 Net earnings (loss) attributable to Coherent Corp., GAAP Basic Earnings (Loss) Per Share 0.86617078179473705 1.2351110000000001 -0.83 -0.11 0.46 Diluted Earnings (Loss) Per Share 0.76115004902545702 1.1870989999999999 -0.83 -0.11 0.44 Net earnings attributable to Coherent Corp., non-GAAP Basic Earnings Per Share 1.4719960361048801 1.200472 1.02 0.93 0.99 Diluted Earnings Per Share 1.2876315775821401 1.15873 1 0.91 0.95 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 QTD End Market Distribution of Q1FY25 QTD Revenue Reported Segments Q1FY24 Revenue Q1FY25 Revenue Q1FY24/Q1FY25 Revenue Growth Q1FY25 Op Margin - GAAP Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment ,905,000,000 1,208,000,000 0.33480662983425402 5.9673366834170898 0.23408710217755399 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment ,530,000,000 ,477,600,000 -9.8867924528301898E-2 0.24991721854304599 0.25364238410596002 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue #REF! #REF! #REF! 0.10915994304698599 0.199335548172757 0.716616764424437 0.283383235575563 5.1436466037280498E-2 6.5920850407143294E-2 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 YTD End Market Distribution of Ytd Q1FY25 YTD Revenue Reported Segments Ytd Q1FY24 Revenue Ytd Q1FY25 Revenue Ytd Q1FY24/Q1FY25 Revenue Growth Ytd Q1FY25 Op Margin - GAAP Ytd Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment 1,014,612,000 1,208,000,000 0.19060291027506099 8.1630546955624397 0.23570691434468499 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment 1,768,188,000 ,477,600,000 -0.72989297518137197 0.23933855526544801 0.250522193211488 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue 2,782,800,000 #REF! #REF! 0.13562901744719899 0.19742883379247 0.70338080083697396 0.29661919916302598 5.1436466037280498E-2 6.5920850407143294E-2


Slide 9

Operating ExpenseS Reconciliation REVENUE BY SEGMENT [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY MARKET [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Calc for Q4 YTD FY23 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 1,761,621,401 1,349,453,000 ,412,168,401 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 2,293,379,536 1,723,758,000 ,569,621,536 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY REGION [Data used for bar graph] $ Millions 45,382 45,473 45,565 45,657 45,747 North America 688 756 807 860 944 0.63017356475300401 9.7674418604651203E-2 0.372093023255814 Europe 182 182 169 167 173 0.115487316421896 3.59281437125748E-2 -4.94505494505494E-2 Japan & Korea 155 167 165 187 177 0.118157543391188 -5.3475935828876997E-2 0.14193548387096799 China 154 173 170 184 161 0.11 rounded to foot -0.125 4.5454545454545497E-2 Other 30 36 37 37 43 2.8704939919893199E-2 0.162162162162162 0.43333333333333302 Total 1,209 1,314 1,348 1,435 1,498 1.0025233644859799 4.39024390243902E-2 0.23904052936310999 GROSS MARGIN RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 OPERATING EXPENSES RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 R&D on GAAP basis ,165,700,000 ,154,900,000 ,155,700,000 ,150,700,000 ,143,900,000 Share-based compensation -6,700,000 -6,800,000 -5,900,000 -5,400,000 -5,700,000 Amortization of acquired intangibles -,200,000 -,200,000 -,200,000 -3,800,000 -,600,000 Start-up costs 0 0 Integration, site consolidation and other 0 ,100,000 ,100,000 -,400,000 -,200,000 R&D on non-GAAP basis ,158,800,000 ,148,000,000 ,149,700,000 ,141,100,000 ,137,400,000 SG&A on GAAP basis ,258,500,000 ,252,100,000 ,245,400,000 ,231,400,000 ,220,600,000 Share-based compensation ,-31,600,000 ,-32,000,000 ,-32,600,000 ,-29,500,000 ,-29,700,000 Amortization of acquired intangibles ,-42,600,000 ,-41,500,000 ,-41,200,000 ,-39,700,000 ,-40,700,000 Financing fees -,800,000 0 0 0 0 Integration, site consolidation and other ,-21,100,000 ,-22,540,000 ,-14,300,000 -6,000,000 -4,500,000 SG&A on non-GAAP basis ,162,400,000 ,156,060,000 ,157,300,000 ,156,200,000 ,145,700,000 Restructuring on GAAP basis 3,600,000 19,300,000 53,900,000 73,800,000 8,000,000 Restructuring -3,600,000 ,-19,300,000 ,-53,900,000 ,-73,800,000 -8,000,000 Restructuring on non-GAAP basis 0 0 0 0 0 Impairment of assets held-for-sale on GAAP basis 11,000,000 9,100,000 85,000,000 0 0 Impairment of assets held-for-sale ,-11,000,000 -9,100,000 ,-85,000,000 0 0 Impairment of assets held-for-sale on non-GAAP basis 0 0 0 0 0 Gain on sale of business on GAAP basis 0 -,115,200,000 0 0 0 Gain on sale of business 0 ,115,200,000 0 0 0 Gain on sale of business on non-GAAP basis 0 0 0 0 0 INCOME FROM OPERATIONS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Op. income on GAAP basis ,184,000,000 ,259,100,000 6,000,000 72,000,000 ,136,900,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Fair value adjustment on acquired inventory 0 0 0 0 0 Amortization of acquired intangibles 70,500,000 69,500,000 72,000,000 87,000,000 71,700,000 Start-up costs 0 0 0 0 0 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Financing fees ,800,000 0 0 0 0 Impairment of assets held-for-sale 11,000,000 9,100,000 85,000,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Op. income on non-GAAP basis ,335,900,000 ,308,740,000 ,275,000,000 ,279,000,000 ,264,900,000 Non-GAAP Op. Margin Percentage 0.199335548172757 0.19500000000000001 0.18 0.186 0.185 NET EARNINGS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Net earnings (loss) attributable to Coherent Corp. on GAAP basis ,146,700,000 ,226,300,000 ,-96,000,000 16,000,000 ,103,400,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Amortization of acquired intangibles 70,500,000 69,500,000 71,700,000 87,000,000 71,700,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Foreign currency exch. (gains) losses -2,400,000 -,800,000 37,000,000 17,000,000 ,-35,100,000 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Impairment of assets held-for-sale 11,000,000 9,100,000 85,200,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Gain on sale of investment ,-14,800,000 -6,700,000 0 0 0 Financing fees ,800,000 12,400,000 0 0 0 Non-controlling interest impact of non-GAAP items 0 0 0 ,-12,000,000 0 Tax impact of non-GAAP measures ,-33,400,000 ,-59,900,000 ,-18,000,000 ,-51,000,000 ,-11,000,000 . Net earnings attributable to Coherent Corp. on non-GAAP basis ,248,000,000 ,220,940,000 ,191,900,000 ,177,000,000 ,185,300,000 GROSS MARGIN AND EARNINGS PER COMMON SHARE $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 $ for EPS, $ Millions for shares (Unaudited) 46,022 45,930 45,838 45,747 45,657 Common shares, GAAP ,167,512,000 156.15600000000001 155.5 155.19999999999999 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 0 0 5.2 Series B Redeemable Preferred Stock 19,793,000 29.9 0 0 0 Diluted weighted average common shares, GAAP ,192,757,000 190.69 155.5 155.19999999999999 160 Common shares, Non-GAAP ,167,512,000 156.15600000000001 155.5 155.15 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 3.7 3.95 5.2 Series B Redeemable Preferred Stock 19,793,000 29.884 0 0 0 Diluted weighted average common shares, Non-GAAP ,192,757,000 190.67400000000001 159.19999999999999 159.1 160 Net earnings (loss) attributable to Coherent Corp., GAAP Basic Earnings (Loss) Per Share 0.86617078179473705 1.2351110000000001 -0.83 -0.11 0.46 Diluted Earnings (Loss) Per Share 0.76115004902545702 1.1870989999999999 -0.83 -0.11 0.44 Net earnings attributable to Coherent Corp., non-GAAP Basic Earnings Per Share 1.4719960361048801 1.200472 1.02 0.93 0.99 Diluted Earnings Per Share 1.2876315775821401 1.15873 1 0.91 0.95 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 QTD End Market Distribution of Q1FY25 QTD Revenue Reported Segments Q1FY24 Revenue Q1FY25 Revenue Q1FY24/Q1FY25 Revenue Growth Q1FY25 Op Margin - GAAP Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment ,905,000,000 1,208,000,000 0.33480662983425402 5.9673366834170898 0.23408710217755399 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment ,530,000,000 ,477,600,000 -9.8867924528301898E-2 0.24991721854304599 0.25364238410596002 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue #REF! #REF! #REF! 0.10915994304698599 0.199335548172757 0.716616764424437 0.283383235575563 5.1436466037280498E-2 6.5920850407143294E-2 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 YTD End Market Distribution of Ytd Q1FY25 YTD Revenue Reported Segments Ytd Q1FY24 Revenue Ytd Q1FY25 Revenue Ytd Q1FY24/Q1FY25 Revenue Growth Ytd Q1FY25 Op Margin - GAAP Ytd Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment 1,014,612,000 1,208,000,000 0.19060291027506099 8.1630546955624397 0.23570691434468499 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment 1,768,188,000 ,477,600,000 -0.72989297518137197 0.23933855526544801 0.250522193211488 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue 2,782,800,000 #REF! #REF! 0.13562901744719899 0.19742883379247 0.70338080083697396 0.29661919916302598 5.1436466037280498E-2 6.5920850407143294E-2 REVENUE BY SEGMENT [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY MARKET [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Calc for Q4 YTD FY23 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 1,761,621,401 1,349,453,000 ,412,168,401 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 2,293,379,536 1,723,758,000 ,569,621,536 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY REGION [Data used for bar graph] $ Millions 45,382 45,473 45,565 45,657 45,747 North America 688 756 807 860 944 0.63017356475300401 9.7674418604651203E-2 0.372093023255814 Europe 182 182 169 167 173 0.115487316421896 3.59281437125748E-2 -4.94505494505494E-2 Japan & Korea 155 167 165 187 177 0.118157543391188 -5.3475935828876997E-2 0.14193548387096799 China 154 173 170 184 161 0.11 rounded to foot -0.125 4.5454545454545497E-2 Other 30 36 37 37 43 2.8704939919893199E-2 0.162162162162162 0.43333333333333302 Total 1,209 1,314 1,348 1,435 1,498 1.0025233644859799 4.39024390243902E-2 0.23904052936310999 GROSS MARGIN RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 OPERATING EXPENSES RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 R&D on GAAP basis ,165,700,000 ,154,900,000 ,155,700,000 ,150,700,000 ,143,900,000 Share-based compensation -6,700,000 -6,800,000 -5,900,000 -5,400,000 -5,700,000 Amortization of acquired intangibles -,200,000 -,200,000 -,200,000 -3,800,000 -,600,000 Start-up costs 0 0 Integration, site consolidation and other 0 ,100,000 ,100,000 -,400,000 -,200,000 R&D on non-GAAP basis ,158,800,000 ,148,000,000 ,149,700,000 ,141,100,000 ,137,400,000 SG&A on GAAP basis ,258,500,000 ,252,100,000 ,245,400,000 ,231,400,000 ,220,600,000 Share-based compensation ,-31,600,000 ,-32,000,000 ,-32,600,000 ,-29,500,000 ,-29,700,000 Amortization of acquired intangibles ,-42,600,000 ,-41,500,000 ,-41,200,000 ,-39,700,000 ,-40,700,000 Financing fees -,800,000 0 0 0 0 Integration, site consolidation and other ,-21,100,000 ,-22,540,000 ,-14,300,000 -6,000,000 -4,500,000 SG&A on non-GAAP basis ,162,400,000 ,156,060,000 ,157,300,000 ,156,200,000 ,145,700,000 Restructuring on GAAP basis 3,600,000 19,300,000 53,900,000 73,800,000 8,000,000 Restructuring -3,600,000 ,-19,300,000 ,-53,900,000 ,-73,800,000 -8,000,000 Restructuring on non-GAAP basis 0 0 0 0 0 Impairment of assets held-for-sale on GAAP basis 11,000,000 9,100,000 85,000,000 0 0 Impairment of assets held-for-sale ,-11,000,000 -9,100,000 ,-85,000,000 0 0 Impairment of assets held-for-sale on non-GAAP basis 0 0 0 0 0 Gain on sale of business on GAAP basis 0 -,115,200,000 0 0 0 Gain on sale of business 0 ,115,200,000 0 0 0 Gain on sale of business on non-GAAP basis 0 0 0 0 0 INCOME FROM OPERATIONS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Op. income on GAAP basis ,184,000,000 ,259,100,000 6,000,000 72,000,000 ,136,900,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Fair value adjustment on acquired inventory 0 0 0 0 0 Amortization of acquired intangibles 70,500,000 69,500,000 72,000,000 87,000,000 71,700,000 Start-up costs 0 0 0 0 0 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Financing fees ,800,000 0 0 0 0 Impairment of assets held-for-sale 11,000,000 9,100,000 85,000,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Op. income on non-GAAP basis ,335,900,000 ,308,740,000 ,275,000,000 ,279,000,000 ,264,900,000 Non-GAAP Op. Margin Percentage 0.199335548172757 0.19500000000000001 0.18 0.186 0.185 NET EARNINGS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Net earnings (loss) attributable to Coherent Corp. on GAAP basis ,146,700,000 ,226,300,000 ,-96,000,000 16,000,000 ,103,400,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Amortization of acquired intangibles 70,500,000 69,500,000 71,700,000 87,000,000 71,700,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Foreign currency exch. (gains) losses -2,400,000 -,800,000 37,000,000 17,000,000 ,-35,100,000 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Impairment of assets held-for-sale 11,000,000 9,100,000 85,200,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Gain on sale of investment ,-14,800,000 -6,700,000 0 0 0 Financing fees ,800,000 12,400,000 0 0 0 Non-controlling interest impact of non-GAAP items 0 0 0 ,-12,000,000 0 Tax impact of non-GAAP measures ,-33,400,000 ,-59,900,000 ,-18,000,000 ,-51,000,000 ,-11,000,000 . Net earnings attributable to Coherent Corp. on non-GAAP basis ,248,000,000 ,220,940,000 ,191,900,000 ,177,000,000 ,185,300,000 GROSS MARGIN AND EARNINGS PER COMMON SHARE $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 $ for EPS, $ Millions for shares (Unaudited) 46,022 45,930 45,838 45,747 45,657 Common shares, GAAP ,167,512,000 156.15600000000001 155.5 155.19999999999999 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 0 0 5.2 Series B Redeemable Preferred Stock 19,793,000 29.9 0 0 0 Diluted weighted average common shares, GAAP ,192,757,000 190.69 155.5 155.19999999999999 160 Common shares, Non-GAAP ,167,512,000 156.15600000000001 155.5 155.15 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 3.7 3.95 5.2 Series B Redeemable Preferred Stock 19,793,000 29.884 0 0 0 Diluted weighted average common shares, Non-GAAP ,192,757,000 190.67400000000001 159.19999999999999 159.1 160 Net earnings (loss) attributable to Coherent Corp., GAAP Basic Earnings (Loss) Per Share 0.86617078179473705 1.2351110000000001 -0.83 -0.11 0.46 Diluted Earnings (Loss) Per Share 0.76115004902545702 1.1870989999999999 -0.83 -0.11 0.44 Net earnings attributable to Coherent Corp., non-GAAP Basic Earnings Per Share 1.4719960361048801 1.200472 1.02 0.93 0.99 Diluted Earnings Per Share 1.2876315775821401 1.15873 1 0.91 0.95 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 QTD End Market Distribution of Q1FY25 QTD Revenue Reported Segments Q1FY24 Revenue Q1FY25 Revenue Q1FY24/Q1FY25 Revenue Growth Q1FY25 Op Margin - GAAP Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment ,905,000,000 1,208,000,000 0.33480662983425402 5.9673366834170898 0.23408710217755399 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment ,530,000,000 ,477,600,000 -9.8867924528301898E-2 0.24991721854304599 0.25364238410596002 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue #REF! #REF! #REF! 0.10915994304698599 0.199335548172757 0.716616764424437 0.283383235575563 5.1436466037280498E-2 6.5920850407143294E-2 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 YTD End Market Distribution of Ytd Q1FY25 YTD Revenue Reported Segments Ytd Q1FY24 Revenue Ytd Q1FY25 Revenue Ytd Q1FY24/Q1FY25 Revenue Growth Ytd Q1FY25 Op Margin - GAAP Ytd Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment 1,014,612,000 1,208,000,000 0.19060291027506099 8.1630546955624397 0.23570691434468499 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment 1,768,188,000 ,477,600,000 -0.72989297518137197 0.23933855526544801 0.250522193211488 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue 2,782,800,000 #REF! #REF! 0.13562901744719899 0.19742883379247 0.70338080083697396 0.29661919916302598 5.1436466037280498E-2 6.5920850407143294E-2


Slide 10

Income from Operations Reconciliation REVENUE BY SEGMENT [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY MARKET [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Calc for Q4 YTD FY23 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 1,761,621,401 1,349,453,000 ,412,168,401 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 2,293,379,536 1,723,758,000 ,569,621,536 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY REGION [Data used for bar graph] $ Millions 45,382 45,473 45,565 45,657 45,747 North America 688 756 807 860 944 0.63017356475300401 9.7674418604651203E-2 0.372093023255814 Europe 182 182 169 167 173 0.115487316421896 3.59281437125748E-2 -4.94505494505494E-2 Japan & Korea 155 167 165 187 177 0.118157543391188 -5.3475935828876997E-2 0.14193548387096799 China 154 173 170 184 161 0.11 rounded to foot -0.125 4.5454545454545497E-2 Other 30 36 37 37 43 2.8704939919893199E-2 0.162162162162162 0.43333333333333302 Total 1,209 1,314 1,348 1,435 1,498 1.0025233644859799 4.39024390243902E-2 0.23904052936310999 GROSS MARGIN RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 OPERATING EXPENSES RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 R&D on GAAP basis ,165,700,000 ,154,900,000 ,155,700,000 ,150,700,000 ,143,900,000 Share-based compensation -6,700,000 -6,800,000 -5,900,000 -5,400,000 -5,700,000 Amortization of acquired intangibles -,200,000 -,200,000 -,200,000 -3,800,000 -,600,000 Start-up costs 0 0 Integration, site consolidation and other 0 ,100,000 ,100,000 -,400,000 -,200,000 R&D on non-GAAP basis ,158,800,000 ,148,000,000 ,149,700,000 ,141,100,000 ,137,400,000 SG&A on GAAP basis ,258,500,000 ,252,100,000 ,245,400,000 ,231,400,000 ,220,600,000 Share-based compensation ,-31,600,000 ,-32,000,000 ,-32,600,000 ,-29,500,000 ,-29,700,000 Amortization of acquired intangibles ,-42,600,000 ,-41,500,000 ,-41,200,000 ,-39,700,000 ,-40,700,000 Financing fees -,800,000 0 0 0 0 Integration, site consolidation and other ,-21,100,000 ,-22,540,000 ,-14,300,000 -6,000,000 -4,500,000 SG&A on non-GAAP basis ,162,400,000 ,156,060,000 ,157,300,000 ,156,200,000 ,145,700,000 Restructuring on GAAP basis 3,600,000 19,300,000 53,900,000 73,800,000 8,000,000 Restructuring -3,600,000 ,-19,300,000 ,-53,900,000 ,-73,800,000 -8,000,000 Restructuring on non-GAAP basis 0 0 0 0 0 Impairment of assets held-for-sale on GAAP basis 11,000,000 9,100,000 85,000,000 0 0 Impairment of assets held-for-sale ,-11,000,000 -9,100,000 ,-85,000,000 0 0 Impairment of assets held-for-sale on non-GAAP basis 0 0 0 0 0 Gain on sale of business on GAAP basis 0 -,115,200,000 0 0 0 Gain on sale of business 0 ,115,200,000 0 0 0 Gain on sale of business on non-GAAP basis 0 0 0 0 0 INCOME FROM OPERATIONS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Op. income on GAAP basis ,184,000,000 ,259,100,000 6,000,000 72,000,000 ,136,900,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Fair value adjustment on acquired inventory 0 0 0 0 0 Amortization of acquired intangibles 70,500,000 69,500,000 72,000,000 87,000,000 71,700,000 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Financing fees ,800,000 0 0 0 0 Impairment of assets held-for-sale 11,000,000 9,100,000 85,000,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Op. income on non-GAAP basis ,335,900,000 ,308,740,000 ,275,000,000 ,279,000,000 ,264,900,000 Non-GAAP Op. Margin Percentage 0.199335548172757 0.19500000000000001 0.18 0.186 0.185 NET EARNINGS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Net earnings (loss) attributable to Coherent Corp. on GAAP basis ,146,700,000 ,226,300,000 ,-96,000,000 16,000,000 ,103,400,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Amortization of acquired intangibles 70,500,000 69,500,000 71,700,000 87,000,000 71,700,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Foreign currency exch. (gains) losses -2,400,000 -,800,000 37,000,000 17,000,000 ,-35,100,000 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Impairment of assets held-for-sale 11,000,000 9,100,000 85,200,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Gain on sale of investment ,-14,800,000 -6,700,000 0 0 0 Financing fees ,800,000 12,400,000 0 0 0 Non-controlling interest impact of non-GAAP items 0 0 0 ,-12,000,000 0 Tax impact of non-GAAP measures ,-33,400,000 ,-59,900,000 ,-18,000,000 ,-51,000,000 ,-11,000,000 . Net earnings attributable to Coherent Corp. on non-GAAP basis ,248,000,000 ,220,940,000 ,191,900,000 ,177,000,000 ,185,300,000 GROSS MARGIN AND EARNINGS PER COMMON SHARE $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 $ for EPS, $ Millions for shares (Unaudited) 46,022 45,930 45,838 45,747 45,657 Common shares, GAAP ,167,512,000 156.15600000000001 155.5 155.19999999999999 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 0 0 5.2 Series B Redeemable Preferred Stock 19,793,000 29.9 0 0 0 Diluted weighted average common shares, GAAP ,192,757,000 190.69 155.5 155.19999999999999 160 Common shares, Non-GAAP ,167,512,000 156.15600000000001 155.5 155.15 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 3.7 3.95 5.2 Series B Redeemable Preferred Stock 19,793,000 29.884 0 0 0 Diluted weighted average common shares, Non-GAAP ,192,757,000 190.67400000000001 159.19999999999999 159.1 160 Net earnings (loss) attributable to Coherent Corp., GAAP Basic Earnings (Loss) Per Share 0.86617078179473705 1.2351110000000001 -0.83 -0.11 0.46 Diluted Earnings (Loss) Per Share 0.76115004902545702 1.1870989999999999 -0.83 -0.11 0.44 Net earnings attributable to Coherent Corp., non-GAAP Basic Earnings Per Share 1.4719960361048801 1.200472 1.02 0.93 0.99 Diluted Earnings Per Share 1.2876315775821401 1.15873 1 0.91 0.95 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 QTD End Market Distribution of Q1FY25 QTD Revenue Reported Segments Q1FY24 Revenue Q1FY25 Revenue Q1FY24/Q1FY25 Revenue Growth Q1FY25 Op Margin - GAAP Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment ,905,000,000 1,208,000,000 0.33480662983425402 5.9673366834170898 0.23408710217755399 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment ,530,000,000 ,477,600,000 -9.8867924528301898E-2 0.24991721854304599 0.25364238410596002 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue #REF! #REF! #REF! 0.10915994304698599 0.199335548172757 0.716616764424437 0.283383235575563 5.1436466037280498E-2 6.5920850407143294E-2 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 YTD End Market Distribution of Ytd Q1FY25 YTD Revenue Reported Segments Ytd Q1FY24 Revenue Ytd Q1FY25 Revenue Ytd Q1FY24/Q1FY25 Revenue Growth Ytd Q1FY25 Op Margin - GAAP Ytd Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment 1,014,612,000 1,208,000,000 0.19060291027506099 8.1630546955624397 0.23570691434468499 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment 1,768,188,000 ,477,600,000 -0.72989297518137197 0.23933855526544801 0.250522193211488 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue 2,782,800,000 #REF! #REF! 0.13562901744719899 0.19742883379247 0.70338080083697396 0.29661919916302598 5.1436466037280498E-2 6.5920850407143294E-2 REVENUE BY SEGMENT [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY MARKET [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Calc for Q4 YTD FY23 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 1,761,621,401 1,349,453,000 ,412,168,401 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 2,293,379,536 1,723,758,000 ,569,621,536 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY REGION [Data used for bar graph] $ Millions 45,382 45,473 45,565 45,657 45,747 North America 688 756 807 860 944 0.63017356475300401 9.7674418604651203E-2 0.372093023255814 Europe 182 182 169 167 173 0.115487316421896 3.59281437125748E-2 -4.94505494505494E-2 Japan & Korea 155 167 165 187 177 0.118157543391188 -5.3475935828876997E-2 0.14193548387096799 China 154 173 170 184 161 0.11 rounded to foot -0.125 4.5454545454545497E-2 Other 30 36 37 37 43 2.8704939919893199E-2 0.162162162162162 0.43333333333333302 Total 1,209 1,314 1,348 1,435 1,498 1.0025233644859799 4.39024390243902E-2 0.23904052936310999 GROSS MARGIN RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 OPERATING EXPENSES RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 R&D on GAAP basis ,165,700,000 ,154,900,000 ,155,700,000 ,150,700,000 ,143,900,000 Share-based compensation -6,700,000 -6,800,000 -5,900,000 -5,400,000 -5,700,000 Amortization of acquired intangibles -,200,000 -,200,000 -,200,000 -3,800,000 -,600,000 Start-up costs 0 0 Integration, site consolidation and other 0 ,100,000 ,100,000 -,400,000 -,200,000 R&D on non-GAAP basis ,158,800,000 ,148,000,000 ,149,700,000 ,141,100,000 ,137,400,000 SG&A on GAAP basis ,258,500,000 ,252,100,000 ,245,400,000 ,231,400,000 ,220,600,000 Share-based compensation ,-31,600,000 ,-32,000,000 ,-32,600,000 ,-29,500,000 ,-29,700,000 Amortization of acquired intangibles ,-42,600,000 ,-41,500,000 ,-41,200,000 ,-39,700,000 ,-40,700,000 Financing fees -,800,000 0 0 0 0 Integration, site consolidation and other ,-21,100,000 ,-22,540,000 ,-14,300,000 -6,000,000 -4,500,000 SG&A on non-GAAP basis ,162,400,000 ,156,060,000 ,157,300,000 ,156,200,000 ,145,700,000 Restructuring on GAAP basis 3,600,000 19,300,000 53,900,000 73,800,000 8,000,000 Restructuring -3,600,000 ,-19,300,000 ,-53,900,000 ,-73,800,000 -8,000,000 Restructuring on non-GAAP basis 0 0 0 0 0 Impairment of assets held-for-sale on GAAP basis 11,000,000 9,100,000 85,000,000 0 0 Impairment of assets held-for-sale ,-11,000,000 -9,100,000 ,-85,000,000 0 0 Impairment of assets held-for-sale on non-GAAP basis 0 0 0 0 0 Gain on sale of business on GAAP basis 0 -,115,200,000 0 0 0 Gain on sale of business 0 ,115,200,000 0 0 0 Gain on sale of business on non-GAAP basis 0 0 0 0 0 INCOME FROM OPERATIONS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Op. income on GAAP basis ,184,000,000 ,259,100,000 6,000,000 72,000,000 ,136,900,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Fair value adjustment on acquired inventory 0 0 0 0 0 Amortization of acquired intangibles 70,500,000 69,500,000 72,000,000 87,000,000 71,700,000 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Financing fees ,800,000 0 0 0 0 Impairment of assets held-for-sale 11,000,000 9,100,000 85,000,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Op. income on non-GAAP basis ,335,900,000 ,308,740,000 ,275,000,000 ,279,000,000 ,264,900,000 Non-GAAP Op. Margin Percentage 0.199335548172757 0.19500000000000001 0.18 0.186 0.185 NET EARNINGS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Net earnings (loss) attributable to Coherent Corp. on GAAP basis ,146,700,000 ,226,300,000 ,-96,000,000 16,000,000 ,103,400,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Amortization of acquired intangibles 70,500,000 69,500,000 71,700,000 87,000,000 71,700,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Foreign currency exch. (gains) losses -2,400,000 -,800,000 37,000,000 17,000,000 ,-35,100,000 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Impairment of assets held-for-sale 11,000,000 9,100,000 85,200,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Gain on sale of investment ,-14,800,000 -6,700,000 0 0 0 Financing fees ,800,000 12,400,000 0 0 0 Non-controlling interest impact of non-GAAP items 0 0 0 ,-12,000,000 0 Tax impact of non-GAAP measures ,-33,400,000 ,-59,900,000 ,-18,000,000 ,-51,000,000 ,-11,000,000 . Net earnings attributable to Coherent Corp. on non-GAAP basis ,248,000,000 ,220,940,000 ,191,900,000 ,177,000,000 ,185,300,000 GROSS MARGIN AND EARNINGS PER COMMON SHARE $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 $ for EPS, $ Millions for shares (Unaudited) 46,022 45,930 45,838 45,747 45,657 Common shares, GAAP ,167,512,000 156.15600000000001 155.5 155.19999999999999 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 0 0 5.2 Series B Redeemable Preferred Stock 19,793,000 29.9 0 0 0 Diluted weighted average common shares, GAAP ,192,757,000 190.69 155.5 155.19999999999999 160 Common shares, Non-GAAP ,167,512,000 156.15600000000001 155.5 155.15 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 3.7 3.95 5.2 Series B Redeemable Preferred Stock 19,793,000 29.884 0 0 0 Diluted weighted average common shares, Non-GAAP ,192,757,000 190.67400000000001 159.19999999999999 159.1 160 Net earnings (loss) attributable to Coherent Corp., GAAP Basic Earnings (Loss) Per Share 0.86617078179473705 1.2351110000000001 -0.83 -0.11 0.46 Diluted Earnings (Loss) Per Share 0.76115004902545702 1.1870989999999999 -0.83 -0.11 0.44 Net earnings attributable to Coherent Corp., non-GAAP Basic Earnings Per Share 1.4719960361048801 1.200472 1.02 0.93 0.99 Diluted Earnings Per Share 1.2876315775821401 1.15873 1 0.91 0.95 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 QTD End Market Distribution of Q1FY25 QTD Revenue Reported Segments Q1FY24 Revenue Q1FY25 Revenue Q1FY24/Q1FY25 Revenue Growth Q1FY25 Op Margin - GAAP Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment ,905,000,000 1,208,000,000 0.33480662983425402 5.9673366834170898 0.23408710217755399 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment ,530,000,000 ,477,600,000 -9.8867924528301898E-2 0.24991721854304599 0.25364238410596002 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue #REF! #REF! #REF! 0.10915994304698599 0.199335548172757 0.716616764424437 0.283383235575563 5.1436466037280498E-2 6.5920850407143294E-2 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 YTD End Market Distribution of Ytd Q1FY25 YTD Revenue Reported Segments Ytd Q1FY24 Revenue Ytd Q1FY25 Revenue Ytd Q1FY24/Q1FY25 Revenue Growth Ytd Q1FY25 Op Margin - GAAP Ytd Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment 1,014,612,000 1,208,000,000 0.19060291027506099 8.1630546955624397 0.23570691434468499 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment 1,768,188,000 ,477,600,000 -0.72989297518137197 0.23933855526544801 0.250522193211488 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue 2,782,800,000 #REF! #REF! 0.13562901744719899 0.19742883379247 0.70338080083697396 0.29661919916302598 5.1436466037280498E-2 6.5920850407143294E-2


Slide 11

Net Earnings Reconciliation REVENUE BY SEGMENT [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY MARKET [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Calc for Q4 YTD FY23 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 1,761,621,401 1,349,453,000 ,412,168,401 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 2,293,379,536 1,723,758,000 ,569,621,536 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY REGION [Data used for bar graph] $ Millions 45,382 45,473 45,565 45,657 45,747 North America 688 756 807 860 944 0.63017356475300401 9.7674418604651203E-2 0.372093023255814 Europe 182 182 169 167 173 0.115487316421896 3.59281437125748E-2 -4.94505494505494E-2 Japan & Korea 155 167 165 187 177 0.118157543391188 -5.3475935828876997E-2 0.14193548387096799 China 154 173 170 184 161 0.11 rounded to foot -0.125 4.5454545454545497E-2 Other 30 36 37 37 43 2.8704939919893199E-2 0.162162162162162 0.43333333333333302 Total 1,209 1,314 1,348 1,435 1,498 1.0025233644859799 4.39024390243902E-2 0.23904052936310999 GROSS MARGIN RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 OPERATING EXPENSES RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 R&D on GAAP basis ,165,700,000 ,154,900,000 ,155,700,000 ,150,700,000 ,143,900,000 Share-based compensation -6,700,000 -6,800,000 -5,900,000 -5,400,000 -5,700,000 Amortization of acquired intangibles -,200,000 -,200,000 -,200,000 -3,800,000 -,600,000 Start-up costs 0 0 Integration, site consolidation and other 0 ,100,000 ,100,000 -,400,000 -,200,000 R&D on non-GAAP basis ,158,800,000 ,148,000,000 ,149,700,000 ,141,100,000 ,137,400,000 SG&A on GAAP basis ,258,500,000 ,252,100,000 ,245,400,000 ,231,400,000 ,220,600,000 Share-based compensation ,-31,600,000 ,-32,000,000 ,-32,600,000 ,-29,500,000 ,-29,700,000 Amortization of acquired intangibles ,-42,600,000 ,-41,500,000 ,-41,200,000 ,-39,700,000 ,-40,700,000 Financing fees -,800,000 0 0 0 0 Integration, site consolidation and other ,-21,100,000 ,-22,540,000 ,-14,300,000 -6,000,000 -4,500,000 SG&A on non-GAAP basis ,162,400,000 ,156,060,000 ,157,300,000 ,156,200,000 ,145,700,000 Restructuring on GAAP basis 3,600,000 19,300,000 53,900,000 73,800,000 8,000,000 Restructuring -3,600,000 ,-19,300,000 ,-53,900,000 ,-73,800,000 -8,000,000 Restructuring on non-GAAP basis 0 0 0 0 0 Impairment of assets held-for-sale on GAAP basis 11,000,000 9,100,000 85,000,000 0 0 Impairment of assets held-for-sale ,-11,000,000 -9,100,000 ,-85,000,000 0 0 Impairment of assets held-for-sale on non-GAAP basis 0 0 0 0 0 Gain on sale of business on GAAP basis 0 -,115,200,000 0 0 0 Gain on sale of business 0 ,115,200,000 0 0 0 Gain on sale of business on non-GAAP basis 0 0 0 0 0 INCOME FROM OPERATIONS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Op. income on GAAP basis ,184,000,000 ,259,100,000 6,000,000 72,000,000 ,136,900,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Fair value adjustment on acquired inventory 0 0 0 0 0 Amortization of acquired intangibles 70,500,000 69,500,000 72,000,000 87,000,000 71,700,000 Start-up costs 0 0 0 0 0 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Financing fees ,800,000 0 0 0 0 Impairment of assets held-for-sale 11,000,000 9,100,000 85,000,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Op. income on non-GAAP basis ,335,900,000 ,308,740,000 ,275,000,000 ,279,000,000 ,264,900,000 Non-GAAP Op. Margin Percentage 0.199335548172757 0.19500000000000001 0.18 0.186 0.185 NET EARNINGS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Net earnings (loss) attributable to Coherent Corp. on GAAP basis ,146,700,000 ,226,300,000 ,-96,000,000 16,000,000 ,103,400,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Amortization of acquired intangibles 70,500,000 69,500,000 71,700,000 87,000,000 71,700,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Foreign currency exch. (gains) losses -2,400,000 -,800,000 37,000,000 17,000,000 ,-35,100,000 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Impairment of assets held-for-sale 11,000,000 9,100,000 85,200,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Gain on sale of investment ,-14,800,000 -6,700,000 0 0 0 Financing fees ,800,000 12,400,000 0 0 0 Non-controlling interest impact of non-GAAP items 0 0 0 ,-12,000,000 0 Tax impact of non-GAAP measures ,-33,400,000 ,-59,900,000 ,-18,000,000 ,-51,000,000 ,-11,000,000 . Net earnings attributable to Coherent Corp. on non-GAAP basis ,248,000,000 ,220,940,000 ,191,900,000 ,177,000,000 ,185,300,000 GROSS MARGIN AND EARNINGS PER COMMON SHARE $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 $ for EPS, $ Millions for shares (Unaudited) 46,022 45,930 45,838 45,747 45,657 Common shares, GAAP ,167,512,000 156.15600000000001 155.5 155.19999999999999 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 0 0 5.2 Series B Redeemable Preferred Stock 19,793,000 29.9 0 0 0 Diluted weighted average common shares, GAAP ,192,757,000 190.69 155.5 155.19999999999999 160 Common shares, Non-GAAP ,167,512,000 156.15600000000001 155.5 155.15 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 3.7 3.95 5.2 Series B Redeemable Preferred Stock 19,793,000 29.884 0 0 0 Diluted weighted average common shares, Non-GAAP ,192,757,000 190.67400000000001 159.19999999999999 159.1 160 Net earnings (loss) attributable to Coherent Corp., GAAP Basic Earnings (Loss) Per Share 0.86617078179473705 1.2351110000000001 -0.83 -0.11 0.46 Diluted Earnings (Loss) Per Share 0.76115004902545702 1.1870989999999999 -0.83 -0.11 0.44 Net earnings attributable to Coherent Corp., non-GAAP Basic Earnings Per Share 1.4719960361048801 1.200472 1.02 0.93 0.99 Diluted Earnings Per Share 1.2876315775821401 1.15873 1 0.91 0.95 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 QTD End Market Distribution of Q1FY25 QTD Revenue Reported Segments Q1FY24 Revenue Q1FY25 Revenue Q1FY24/Q1FY25 Revenue Growth Q1FY25 Op Margin - GAAP Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment ,905,000,000 1,208,000,000 0.33480662983425402 5.9673366834170898 0.23408710217755399 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment ,530,000,000 ,477,600,000 -9.8867924528301898E-2 0.24991721854304599 0.25364238410596002 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue #REF! #REF! #REF! 0.10915994304698599 0.199335548172757 0.716616764424437 0.283383235575563 5.1436466037280498E-2 6.5920850407143294E-2 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 YTD End Market Distribution of Ytd Q1FY25 YTD Revenue Reported Segments Ytd Q1FY24 Revenue Ytd Q1FY25 Revenue Ytd Q1FY24/Q1FY25 Revenue Growth Ytd Q1FY25 Op Margin - GAAP Ytd Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment 1,014,612,000 1,208,000,000 0.19060291027506099 8.1630546955624397 0.23570691434468499 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment 1,768,188,000 ,477,600,000 -0.72989297518137197 0.23933855526544801 0.250522193211488 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue 2,782,800,000 #REF! #REF! 0.13562901744719899 0.19742883379247 0.70338080083697396 0.29661919916302598 5.1436466037280498E-2 6.5920850407143294E-2 REVENUE BY SEGMENT [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY MARKET [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Calc for Q4 YTD FY23 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 1,761,621,401 1,349,453,000 ,412,168,401 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 2,293,379,536 1,723,758,000 ,569,621,536 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY REGION [Data used for bar graph] $ Millions 45,382 45,473 45,565 45,657 45,747 North America 688 756 807 860 944 0.63017356475300401 9.7674418604651203E-2 0.372093023255814 Europe 182 182 169 167 173 0.115487316421896 3.59281437125748E-2 -4.94505494505494E-2 Japan & Korea 155 167 165 187 177 0.118157543391188 -5.3475935828876997E-2 0.14193548387096799 China 154 173 170 184 161 0.11 rounded to foot -0.125 4.5454545454545497E-2 Other 30 36 37 37 43 2.8704939919893199E-2 0.162162162162162 0.43333333333333302 Total 1,209 1,314 1,348 1,435 1,498 1.0025233644859799 4.39024390243902E-2 0.23904052936310999 GROSS MARGIN RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 OPERATING EXPENSES RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 R&D on GAAP basis ,165,700,000 ,154,900,000 ,155,700,000 ,150,700,000 ,143,900,000 Share-based compensation -6,700,000 -6,800,000 -5,900,000 -5,400,000 -5,700,000 Amortization of acquired intangibles -,200,000 -,200,000 -,200,000 -3,800,000 -,600,000 Start-up costs 0 0 Integration, site consolidation and other 0 ,100,000 ,100,000 -,400,000 -,200,000 R&D on non-GAAP basis ,158,800,000 ,148,000,000 ,149,700,000 ,141,100,000 ,137,400,000 SG&A on GAAP basis ,258,500,000 ,252,100,000 ,245,400,000 ,231,400,000 ,220,600,000 Share-based compensation ,-31,600,000 ,-32,000,000 ,-32,600,000 ,-29,500,000 ,-29,700,000 Amortization of acquired intangibles ,-42,600,000 ,-41,500,000 ,-41,200,000 ,-39,700,000 ,-40,700,000 Financing fees -,800,000 0 0 0 0 Integration, site consolidation and other ,-21,100,000 ,-22,540,000 ,-14,300,000 -6,000,000 -4,500,000 SG&A on non-GAAP basis ,162,400,000 ,156,060,000 ,157,300,000 ,156,200,000 ,145,700,000 Restructuring on GAAP basis 3,600,000 19,300,000 53,900,000 73,800,000 8,000,000 Restructuring -3,600,000 ,-19,300,000 ,-53,900,000 ,-73,800,000 -8,000,000 Restructuring on non-GAAP basis 0 0 0 0 0 Impairment of assets held-for-sale on GAAP basis 11,000,000 9,100,000 85,000,000 0 0 Impairment of assets held-for-sale ,-11,000,000 -9,100,000 ,-85,000,000 0 0 Impairment of assets held-for-sale on non-GAAP basis 0 0 0 0 0 Gain on sale of business on GAAP basis 0 -,115,200,000 0 0 0 Gain on sale of business 0 ,115,200,000 0 0 0 Gain on sale of business on non-GAAP basis 0 0 0 0 0 INCOME FROM OPERATIONS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Op. income on GAAP basis ,184,000,000 ,259,100,000 6,000,000 72,000,000 ,136,900,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Fair value adjustment on acquired inventory 0 0 0 0 0 Amortization of acquired intangibles 70,500,000 69,500,000 72,000,000 87,000,000 71,700,000 Start-up costs 0 0 0 0 0 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Financing fees ,800,000 0 0 0 0 Impairment of assets held-for-sale 11,000,000 9,100,000 85,000,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Op. income on non-GAAP basis ,335,900,000 ,308,740,000 ,275,000,000 ,279,000,000 ,264,900,000 Non-GAAP Op. Margin Percentage 0.199335548172757 0.19500000000000001 0.18 0.186 0.185 NET EARNINGS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Net earnings (loss) attributable to Coherent Corp. on GAAP basis ,146,700,000 ,226,300,000 ,-96,000,000 16,000,000 ,103,400,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Amortization of acquired intangibles 70,500,000 69,500,000 71,700,000 87,000,000 71,700,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Foreign currency exch. (gains) losses -2,400,000 -,800,000 37,000,000 17,000,000 ,-35,100,000 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Impairment of assets held-for-sale 11,000,000 9,100,000 85,200,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Gain on sale of investment ,-14,800,000 -6,700,000 0 0 0 Financing fees ,800,000 12,400,000 0 0 0 Non-controlling interest impact of non-GAAP items 0 0 0 ,-12,000,000 0 Tax impact of non-GAAP measures ,-33,400,000 ,-59,900,000 ,-18,000,000 ,-51,000,000 ,-11,000,000 . Net earnings attributable to Coherent Corp. on non-GAAP basis ,248,000,000 ,220,940,000 ,191,900,000 ,177,000,000 ,185,300,000 GROSS MARGIN AND EARNINGS PER COMMON SHARE $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 $ for EPS, $ Millions for shares (Unaudited) 46,022 45,930 45,838 45,747 45,657 Common shares, GAAP ,167,512,000 156.15600000000001 155.5 155.19999999999999 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 0 0 5.2 Series B Redeemable Preferred Stock 19,793,000 29.9 0 0 0 Diluted weighted average common shares, GAAP ,192,757,000 190.69 155.5 155.19999999999999 160 Common shares, Non-GAAP ,167,512,000 156.15600000000001 155.5 155.15 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 3.7 3.95 5.2 Series B Redeemable Preferred Stock 19,793,000 29.884 0 0 0 Diluted weighted average common shares, Non-GAAP ,192,757,000 190.67400000000001 159.19999999999999 159.1 160 Net earnings (loss) attributable to Coherent Corp., GAAP Basic Earnings (Loss) Per Share 0.86617078179473705 1.2351110000000001 -0.83 -0.11 0.46 Diluted Earnings (Loss) Per Share 0.76115004902545702 1.1870989999999999 -0.83 -0.11 0.44 Net earnings attributable to Coherent Corp., non-GAAP Basic Earnings Per Share 1.4719960361048801 1.200472 1.02 0.93 0.99 Diluted Earnings Per Share 1.2876315775821401 1.15873 1 0.91 0.95 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 QTD End Market Distribution of Q1FY25 QTD Revenue Reported Segments Q1FY24 Revenue Q1FY25 Revenue Q1FY24/Q1FY25 Revenue Growth Q1FY25 Op Margin - GAAP Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment ,905,000,000 1,208,000,000 0.33480662983425402 5.9673366834170898 0.23408710217755399 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment ,530,000,000 ,477,600,000 -9.8867924528301898E-2 0.24991721854304599 0.25364238410596002 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue #REF! #REF! #REF! 0.10915994304698599 0.199335548172757 0.716616764424437 0.283383235575563 5.1436466037280498E-2 6.5920850407143294E-2 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 YTD End Market Distribution of Ytd Q1FY25 YTD Revenue Reported Segments Ytd Q1FY24 Revenue Ytd Q1FY25 Revenue Ytd Q1FY24/Q1FY25 Revenue Growth Ytd Q1FY25 Op Margin - GAAP Ytd Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment 1,014,612,000 1,208,000,000 0.19060291027506099 8.1630546955624397 0.23570691434468499 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment 1,768,188,000 ,477,600,000 -0.72989297518137197 0.23933855526544801 0.250522193211488 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue 2,782,800,000 #REF! #REF! 0.13562901744719899 0.19742883379247 0.70338080083697396 0.29661919916302598 5.1436466037280498E-2 6.5920850407143294E-2


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NET Earnings per Common Share REVENUE BY SEGMENT [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY MARKET [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Calc for Q4 YTD FY23 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 1,761,621,401 1,349,453,000 ,412,168,401 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 2,293,379,536 1,723,758,000 ,569,621,536 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY REGION [Data used for bar graph] $ Millions 45,382 45,473 45,565 45,657 45,747 North America 688 756 807 860 944 0.63017356475300401 9.7674418604651203E-2 0.372093023255814 Europe 182 182 169 167 173 0.115487316421896 3.59281437125748E-2 -4.94505494505494E-2 Japan & Korea 155 167 165 187 177 0.118157543391188 -5.3475935828876997E-2 0.14193548387096799 China 154 173 170 184 161 0.11 rounded to foot -0.125 4.5454545454545497E-2 Other 30 36 37 37 43 2.8704939919893199E-2 0.162162162162162 0.43333333333333302 Total 1,209 1,314 1,348 1,435 1,498 1.0025233644859799 4.39024390243902E-2 0.23904052936310999 GROSS MARGIN RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 OPERATING EXPENSES RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 R&D on GAAP basis ,165,700,000 ,154,900,000 ,155,700,000 ,150,700,000 ,143,900,000 Share-based compensation -6,700,000 -6,800,000 -5,900,000 -5,400,000 -5,700,000 Amortization of acquired intangibles -,200,000 -,200,000 -,200,000 -3,800,000 -,600,000 Start-up costs 0 0 Integration, site consolidation and other 0 ,100,000 ,100,000 -,400,000 -,200,000 R&D on non-GAAP basis ,158,800,000 ,148,000,000 ,149,700,000 ,141,100,000 ,137,400,000 SG&A on GAAP basis ,258,500,000 ,252,100,000 ,245,400,000 ,231,400,000 ,220,600,000 Share-based compensation ,-31,600,000 ,-32,000,000 ,-32,600,000 ,-29,500,000 ,-29,700,000 Amortization of acquired intangibles ,-42,600,000 ,-41,500,000 ,-41,200,000 ,-39,700,000 ,-40,700,000 Financing fees -,800,000 0 0 0 0 Integration, site consolidation and other ,-21,100,000 ,-22,540,000 ,-14,300,000 -6,000,000 -4,500,000 SG&A on non-GAAP basis ,162,400,000 ,156,060,000 ,157,300,000 ,156,200,000 ,145,700,000 Restructuring on GAAP basis 3,600,000 19,300,000 53,900,000 73,800,000 8,000,000 Restructuring -3,600,000 ,-19,300,000 ,-53,900,000 ,-73,800,000 -8,000,000 Restructuring on non-GAAP basis 0 0 0 0 0 Impairment of assets held-for-sale on GAAP basis 11,000,000 9,100,000 85,000,000 0 0 Impairment of assets held-for-sale ,-11,000,000 -9,100,000 ,-85,000,000 0 0 Impairment of assets held-for-sale on non-GAAP basis 0 0 0 0 0 Gain on sale of business on GAAP basis 0 -,115,200,000 0 0 0 Gain on sale of business 0 ,115,200,000 0 0 0 Gain on sale of business on non-GAAP basis 0 0 0 0 0 INCOME FROM OPERATIONS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Op. income on GAAP basis ,184,000,000 ,259,100,000 6,000,000 72,000,000 ,136,900,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Fair value adjustment on acquired inventory 0 0 0 0 0 Amortization of acquired intangibles 70,500,000 69,500,000 72,000,000 87,000,000 71,700,000 Start-up costs 0 0 0 0 0 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Financing fees ,800,000 0 0 0 0 Impairment of assets held-for-sale 11,000,000 9,100,000 85,000,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Op. income on non-GAAP basis ,335,900,000 ,308,740,000 ,275,000,000 ,279,000,000 ,264,900,000 Non-GAAP Op. Margin Percentage 0.199335548172757 0.19500000000000001 0.18 0.186 0.185 NET EARNINGS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Net earnings (loss) attributable to Coherent Corp. on GAAP basis ,146,700,000 ,226,300,000 ,-96,000,000 16,000,000 ,103,400,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Amortization of acquired intangibles 70,500,000 69,500,000 71,700,000 87,000,000 71,700,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Foreign currency exch. (gains) losses -2,400,000 -,800,000 37,000,000 17,000,000 ,-35,100,000 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Impairment of assets held-for-sale 11,000,000 9,100,000 85,200,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Gain on sale of investment ,-14,800,000 -6,700,000 0 0 0 Financing fees ,800,000 12,400,000 0 0 0 Non-controlling interest impact of non-GAAP items 0 0 0 ,-12,000,000 0 Tax impact of non-GAAP measures ,-33,400,000 ,-59,900,000 ,-18,000,000 ,-51,000,000 ,-11,000,000 . Net earnings attributable to Coherent Corp. on non-GAAP basis ,248,000,000 ,220,940,000 ,191,900,000 ,177,000,000 ,185,300,000 GROSS MARGIN AND EARNINGS PER COMMON SHARE $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 $ for EPS, $ Millions for shares (Unaudited) 46,022 45,930 45,838 45,747 45,657 Common shares, GAAP ,167,512,000 156.15600000000001 155.5 155.19999999999999 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 0 0 5.2 Series B Redeemable Preferred Stock 19,793,000 29.9 0 0 0 Diluted weighted average common shares, GAAP ,192,757,000 190.69 155.5 155.19999999999999 160 Common shares, Non-GAAP ,167,512,000 156.15600000000001 155.5 155.15 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 3.7 3.95 5.2 Series B Redeemable Preferred Stock 19,793,000 29.884 0 0 0 Diluted weighted average common shares, Non-GAAP ,192,757,000 190.67400000000001 159.19999999999999 159.1 160 Net earnings (loss) attributable to Coherent Corp., GAAP Basic Earnings (Loss) Per Share 0.86617078179473705 1.2351110000000001 -0.83 -0.11 0.46 Diluted Earnings (Loss) Per Share 0.76115004902545702 1.1870989999999999 -0.83 -0.11 0.44 Net earnings attributable to Coherent Corp., non-GAAP Basic Earnings Per Share 1.4719960361048801 1.200472 1.02 0.93 0.99 Diluted Earnings Per Share 1.2876315775821401 1.15873 1 0.91 0.95 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 QTD End Market Distribution of Q1FY25 QTD Revenue Reported Segments Q1FY24 Revenue Q1FY25 Revenue Q1FY24/Q1FY25 Revenue Growth Q1FY25 Op Margin - GAAP Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment ,905,000,000 1,208,000,000 0.33480662983425402 5.9673366834170898 0.23408710217755399 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment ,530,000,000 ,477,600,000 -9.8867924528301898E-2 0.24991721854304599 0.25364238410596002 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue #REF! #REF! #REF! 0.10915994304698599 0.199335548172757 0.716616764424437 0.283383235575563 5.1436466037280498E-2 6.5920850407143294E-2 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 YTD End Market Distribution of Ytd Q1FY25 YTD Revenue Reported Segments Ytd Q1FY24 Revenue Ytd Q1FY25 Revenue Ytd Q1FY24/Q1FY25 Revenue Growth Ytd Q1FY25 Op Margin - GAAP Ytd Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment 1,014,612,000 1,208,000,000 0.19060291027506099 8.1630546955624397 0.23570691434468499 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment 1,768,188,000 ,477,600,000 -0.72989297518137197 0.23933855526544801 0.250522193211488 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue 2,782,800,000 #REF! #REF! 0.13562901744719899 0.19742883379247 0.70338080083697396 0.29661919916302598 5.1436466037280498E-2 6.5920850407143294E-2 REVENUE BY SEGMENT [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY MARKET [Data used for bar graph] $ Millions 45,657 45,747 45,838 45,930 46,022 Calc for Q4 YTD FY23 Datacenter and Communications ,905,000,000 ,969,000,000 1,018,000,000 1,090,000,000 1,208,000,000 0.71665875652586597 1,761,621,401 1,349,453,000 ,412,168,401 Industrial ,530,000,000 ,529,000,000 ,511,000,000 ,491,000,000 ,477,600,000 0.28334124347413397 2,293,379,536 1,723,758,000 ,569,621,536 Total 1,435,000,000 1,498,000,000 1,529,000,000 1,581,000,000 1,685,600,000 1 REVENUE BY REGION [Data used for bar graph] $ Millions 45,382 45,473 45,565 45,657 45,747 North America 688 756 807 860 944 0.63017356475300401 9.7674418604651203E-2 0.372093023255814 Europe 182 182 169 167 173 0.115487316421896 3.59281437125748E-2 -4.94505494505494E-2 Japan & Korea 155 167 165 187 177 0.118157543391188 -5.3475935828876997E-2 0.14193548387096799 China 154 173 170 184 161 0.11 rounded to foot -0.125 4.5454545454545497E-2 Other 30 36 37 37 43 2.8704939919893199E-2 0.162162162162162 0.43333333333333302 Total 1,209 1,314 1,348 1,435 1,498 1.0025233644859799 4.39024390243902E-2 0.23904052936310999 GROSS MARGIN RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 OPERATING EXPENSES RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 R&D on GAAP basis ,165,700,000 ,154,900,000 ,155,700,000 ,150,700,000 ,143,900,000 Share-based compensation -6,700,000 -6,800,000 -5,900,000 -5,400,000 -5,700,000 Amortization of acquired intangibles -,200,000 -,200,000 -,200,000 -3,800,000 -,600,000 Start-up costs 0 0 Integration, site consolidation and other 0 ,100,000 ,100,000 -,400,000 -,200,000 R&D on non-GAAP basis ,158,800,000 ,148,000,000 ,149,700,000 ,141,100,000 ,137,400,000 SG&A on GAAP basis ,258,500,000 ,252,100,000 ,245,400,000 ,231,400,000 ,220,600,000 Share-based compensation ,-31,600,000 ,-32,000,000 ,-32,600,000 ,-29,500,000 ,-29,700,000 Amortization of acquired intangibles ,-42,600,000 ,-41,500,000 ,-41,200,000 ,-39,700,000 ,-40,700,000 Financing fees -,800,000 0 0 0 0 Integration, site consolidation and other ,-21,100,000 ,-22,540,000 ,-14,300,000 -6,000,000 -4,500,000 SG&A on non-GAAP basis ,162,400,000 ,156,060,000 ,157,300,000 ,156,200,000 ,145,700,000 Restructuring on GAAP basis 3,600,000 19,300,000 53,900,000 73,800,000 8,000,000 Restructuring -3,600,000 ,-19,300,000 ,-53,900,000 ,-73,800,000 -8,000,000 Restructuring on non-GAAP basis 0 0 0 0 0 Impairment of assets held-for-sale on GAAP basis 11,000,000 9,100,000 85,000,000 0 0 Impairment of assets held-for-sale ,-11,000,000 -9,100,000 ,-85,000,000 0 0 Impairment of assets held-for-sale on non-GAAP basis 0 0 0 0 0 Gain on sale of business on GAAP basis 0 -,115,200,000 0 0 0 Gain on sale of business 0 ,115,200,000 0 0 0 Gain on sale of business on non-GAAP basis 0 0 0 0 0 INCOME FROM OPERATIONS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Op. income on GAAP basis ,184,000,000 ,259,100,000 6,000,000 72,000,000 ,136,900,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Fair value adjustment on acquired inventory 0 0 0 0 0 Amortization of acquired intangibles 70,500,000 69,500,000 72,000,000 87,000,000 71,700,000 Start-up costs 0 0 0 0 0 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Financing fees ,800,000 0 0 0 0 Impairment of assets held-for-sale 11,000,000 9,100,000 85,000,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Op. income on non-GAAP basis ,335,900,000 ,308,740,000 ,275,000,000 ,279,000,000 ,264,900,000 Non-GAAP Op. Margin Percentage 0.199335548172757 0.19500000000000001 0.18 0.186 0.185 NET EARNINGS RECONCILIATION $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Net earnings (loss) attributable to Coherent Corp. on GAAP basis ,146,700,000 ,226,300,000 ,-96,000,000 16,000,000 ,103,400,000 Share-based compensation 44,600,000 44,700,000 44,000,000 40,000,000 41,000,000 Amortization of acquired intangibles 70,500,000 69,500,000 71,700,000 87,000,000 71,700,000 Fair value adjustment on acquired inventory 0 Start-up costs 0 Foreign currency exch. (gains) losses -2,400,000 -,800,000 37,000,000 17,000,000 ,-35,100,000 Restructuring charges 3,600,000 19,300,000 54,000,000 74,000,000 8,000,000 Impairment of assets held-for-sale 11,000,000 9,100,000 85,200,000 0 0 Gain on sale of business 0 -,115,200,000 0 0 0 Integration, site consolidation and other 21,400,000 22,240,000 14,000,000 6,000,000 7,300,000 Gain on sale of investment ,-14,800,000 -6,700,000 0 0 0 Financing fees ,800,000 12,400,000 0 0 0 Non-controlling interest impact of non-GAAP items 0 0 0 ,-12,000,000 0 Tax impact of non-GAAP measures ,-33,400,000 ,-59,900,000 ,-18,000,000 ,-51,000,000 ,-11,000,000 . Net earnings attributable to Coherent Corp. on non-GAAP basis ,248,000,000 ,220,940,000 ,191,900,000 ,177,000,000 ,185,300,000 GROSS MARGIN AND EARNINGS PER COMMON SHARE $ Millions (Unaudited) 46,022 45,930 45,838 45,747 45,657 Gross margin on GAAP basis ,622,800,000 ,579,200,000 ,546,100,000 ,527,600,000 ,509,400,000 Share-based compensation 6,300,000 5,900,000 5,800,000 5,300,000 5,600,000 Amortization of acquired intangibles 27,700,000 27,800,000 30,600,000 43,700,000 30,400,000 Integration, site consolidation and other ,300,000 -,300,000 -,400,000 0 2,600,000 Gross margin on non-GAAP basis ,657,100,000 ,612,600,000 ,582,100,000 ,576,600,000 ,548,000,000 $ for EPS, $ Millions for shares (Unaudited) 46,022 45,930 45,838 45,747 45,657 Common shares, GAAP ,167,512,000 156.15600000000001 155.5 155.19999999999999 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 0 0 5.2 Series B Redeemable Preferred Stock 19,793,000 29.9 0 0 0 Diluted weighted average common shares, GAAP ,192,757,000 190.69 155.5 155.19999999999999 160 Common shares, Non-GAAP ,167,512,000 156.15600000000001 155.5 155.15 154.80000000000001 Effect of dilutive securities: Common stock equivalents 5,452,000 4.6340000000000003 3.7 3.95 5.2 Series B Redeemable Preferred Stock 19,793,000 29.884 0 0 0 Diluted weighted average common shares, Non-GAAP ,192,757,000 190.67400000000001 159.19999999999999 159.1 160 Net earnings (loss) attributable to Coherent Corp., GAAP Basic Earnings (Loss) Per Share 0.86617078179473705 1.2351110000000001 -0.83 -0.11 0.46 Diluted Earnings (Loss) Per Share 0.76115004902545702 1.1870989999999999 -0.83 -0.11 0.44 Net earnings attributable to Coherent Corp., non-GAAP Basic Earnings Per Share 1.4719960361048801 1.200472 1.02 0.93 0.99 Diluted Earnings Per Share 1.2876315775821401 1.15873 1 0.91 0.95 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 QTD End Market Distribution of Q1FY25 QTD Revenue Reported Segments Q1FY24 Revenue Q1FY25 Revenue Q1FY24/Q1FY25 Revenue Growth Q1FY25 Op Margin - GAAP Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment ,905,000,000 1,208,000,000 0.33480662983425402 5.9673366834170898 0.23408710217755399 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment ,530,000,000 ,477,600,000 -9.8867924528301898E-2 0.24991721854304599 0.25364238410596002 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue #REF! #REF! #REF! 0.10915994304698599 0.199335548172757 0.716616764424437 0.283383235575563 5.1436466037280498E-2 6.5920850407143294E-2 SEGMENT REVENUE BY END MARKETS FOR Q1FY25 YTD End Market Distribution of Ytd Q1FY25 YTD Revenue Reported Segments Ytd Q1FY24 Revenue Ytd Q1FY25 Revenue Ytd Q1FY24/Q1FY25 Revenue Growth Ytd Q1FY25 Op Margin - GAAP Ytd Q1FY25 Op Margin - Non-GAAP Industrial Communications Electronics Instrumentation Materials Segment 1,014,612,000 1,208,000,000 0.19060291027506099 8.1630546955624397 0.23570691434468499 0 1 0.29860474320418501 4.470897775003E-2 Networking Segment 1,768,188,000 ,477,600,000 -0.72989297518137197 0.23933855526544801 0.250522193211488 1 0 2.3876237731725101E-3 8.8219305989817899E-3 Lasers Segment #REF! #REF! 0.79000977918184201 0 0 0.20999022081815799 Total Revenue 2,782,800,000 #REF! #REF! 0.13562901744719899 0.19742883379247 0.70338080083697396 0.29661919916302598 5.1436466037280498E-2 6.5920850407143294E-2


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