Coherent Corp. stock research
FY2023 Q3
Coherent (COHR) Gross Margin — Quarter Ended Mar 31, 2023
Revenue declined from the prior quarter but rose compared to the same quarter last year. Gross profit improved slightly sequentially and increased year-over-year, while cost of revenue decreased sequentially but increased year-over-year; the resulting gross margin improved from the prior quarter but weakened relative to the same period last year.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q3
Revenue declined from the prior quarter but rose compared to the same quarter last year. Gross profit improved slightly sequentially and increased year-over-year, while cost of revenue decreased sequentially but increased year-over-year; the resulting gross margin improved from the prior quarter but weakened relative to the same period last year.
- The sequential improvement in gross margin was primarily associated with a larger proportional reduction in cost of revenue compared to the decline in revenue.
- Compared to the immediately preceding quarter, gross margin improved; compared to the same quarter one year earlier, gross margin weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
33.9%
Gross profit
$420.2M
Revenue
$1.2B
Cost of revenue
$820.0M
Quarter-over-quarter change
n/a
Year-over-year change
-5.0 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $1.2B | $420.2M | $820.0M | 33.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Mar 31, 2022
-5.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The sequential improvement in gross margin was primarily associated with a larger proportional reduction in cost of revenue compared to the decline in revenue.
Compared to the immediately preceding quarter, gross margin improved; compared to the same quarter one year earlier, gross margin weakened.
Monitor the notable increase in inventories reported in the balance sheet.