Coherent Corp. stock research
FY2025 Q1
Coherent (COHR) Gross Margin — Quarter Ended Sep 30, 2024
Revenue was stable compared to the prior quarter and higher than the same quarter last year. Gross profit and gross margin improved sequentially and year-over-year, as cost of revenue grew less than revenue.
Gross margin takeaway
Quarter ended Sep 30, 2024 · FY2025 Q1
Revenue was stable compared to the prior quarter and higher than the same quarter last year. Gross profit and gross margin improved sequentially and year-over-year, as cost of revenue grew less than revenue.
- Gross margin strengthened sequentially and year-over-year, driven by gross profit increasing faster than revenue relative to cost of revenue.
- Compared to the prior quarter, gross margin improved while revenue was stable. Compared to the same quarter last year, gross margin improved significantly alongside higher revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
34.1%
Gross profit
$460.1M
Revenue
$1.3B
Cost of revenue
$888.0M
Quarter-over-quarter change
+1.3 pts
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 |
|---|---|---|---|---|
| Dec 31, 2023 | $1.1B | $350.6M | $780.8M | 31.0% |
| Mar 31, 2024 | $1.2B | $366.5M | $842.3M | 30.3% |
| Jun 30, 2024 | $1.3B | $431.9M | $882.4M | 32.9% |
| Sep 30, 2024 | $1.3B | $460.1M | $888.0M | 34.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2024
+1.3 pts
Year-over-year change
Sep 30, 2023
+5.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin strengthened sequentially and year-over-year, driven by gross profit increasing faster than revenue relative to cost of revenue.
Compared to the prior quarter, gross margin improved while revenue was stable. Compared to the same quarter last year, gross margin improved significantly alongside higher revenue.
Monitor the trend in cost of revenue relative to revenue, as its slower growth supported margin expansion.