Filing Flows › Coherent (COHR) › Q3 FY25
Coherent (COHR) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 7, 2025
Coherent (COHR) reported revenue of $1.5B for the third quarter fiscal 2025 (Q3 FY25), +24% from a year earlier and +4% from the quarter before. Operating margin was 0.7%, net earnings $15.7M (1.0% of revenue).
Coherent, Q3 FY25: revenue $1.5B (+24% year over year), operating margin 0.7%, net earnings $15.7M, operating cash flow $163M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +4% | +24% |
| Operating profit | $9.9M | -92% | -56% |
| Net earnings | $15.7M | -85% | — |
| Operating cash flow | $163M | -13% | +39% |
| Free cash flow | $51.1M | -37% | +111% |
What changed
Revenue was $1.5B in Q3 FY25, up 24% year over year and up 4% from the previous quarter. Networking was the largest line at 60% of revenue. Networking added $0.28B year over year (up 45%), 96% of the total change. Materials declined 1%.
Operating profit was $0.01B, a 0.7% margin (down 1.2 points year over year). Operating profit fell $0.01B even though revenue rose $0.29B versus a year earlier, so costs grew faster than sales. Total costs grew 25% against revenue growth of 24%. The fastest-growing cost line was Other operating costs (+1076%). Net earnings were $0.02B ($1.8M including minority interests, which bore $0.01B of losses). The effective tax rate was 82.2%.
Operating cash flow was $0.16B (up 39% year over year), 9233% of net income including minority interests. Non-cash charges added back $0.15B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.03B. Capital expenditures of $0.11B left free cash flow of $0.05B.
Questions
What was Coherent's revenue in the third quarter fiscal 2025?
Coherent (COHR) reported revenue of $1.5B for the third quarter fiscal 2025 (Q3 FY25), +24% from a year earlier and +4% from the quarter before.
Was Coherent profitable in the third quarter fiscal 2025?
Operating profit was $9.9M (0.7% of revenue) and net earnings $15.7M.
Source: Coherent 10-Q on SEC EDGAR.