Coherent Corp. stock research
FY2025 Q3
Coherent (COHR) Gross Margin — Quarter Ended Mar 31, 2025
Revenue and gross profit both rose from the prior quarter and from the same quarter a year ago, with cost of revenue increasing as well. Gross margin improved notably from a year earlier but edged slightly lower compared with the immediately preceding quarter.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q3
Revenue and gross profit both rose from the prior quarter and from the same quarter a year ago, with cost of revenue increasing as well. Gross margin improved notably from a year earlier but edged slightly lower compared with the immediately preceding quarter.
- The most visible margin driver is the year-over-year improvement in gross margin, which moved sharply higher as revenue grew faster relative to cost of revenue than in the same period last year.
- Compared with the prior quarter, gross margin was slightly lower even though absolute gross profit increased, as cost of revenue grew at a slightly faster pace. Versus the same quarter last year, gross margin strengthened substantially alongside higher revenue and gross profit.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
35.2%
Gross profit
$527.7M
Revenue
$1.5B
Cost of revenue
$970.2M
Quarter-over-quarter change
-0.3 pts
Year-over-year change
+4.9 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 |
|---|---|---|---|---|
| Jun 30, 2024 | $1.3B | $431.9M | $882.4M | 32.9% |
| Sep 30, 2024 | $1.3B | $460.1M | $888.0M | 34.1% |
| Dec 31, 2024 | $1.4B | $509.4M | $925.3M | 35.5% |
| Mar 31, 2025 | $1.5B | $527.7M | $970.2M | 35.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
-0.3 pts
Year-over-year change
Mar 31, 2024
+4.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most visible margin driver is the year-over-year improvement in gross margin, which moved sharply higher as revenue grew faster relative to cost of revenue than in the same period last year.
Compared with the prior quarter, gross margin was slightly lower even though absolute gross profit increased, as cost of revenue grew at a slightly faster pace. Versus the same quarter last year, gross margin strengthened substantially alongside higher revenue and gross profit.
Monitor whether gross margin can sustain at the current level relative to revenue growth and cost trends in the coming quarters.