Coherent (COHR) Revenue — Quarter Ended Sep 30, 2023
Revenue declined in the current quarter compared with both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend observed in the most recent periods.
Key takeaway
Quarter ended Sep 30, 2023 · FY2024 Q1
Revenue declined in the current quarter compared with both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend observed in the most recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
-12.6%
Change from the immediately preceding quarter.
Year-over-year
-21.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $1.4B | +69.8% |
| Mar 31, 2023 | $1.2B | +49.8% |
| Jun 30, 2023 | $1.2B | +35.9% |
| Sep 30, 2023 | $1.1B | -21.7% |
Revenue performance
Reported revenue fell from the immediately preceding quarter, marking a sequential decline. The year-over-year comparison also showed a decrease from the same quarter one year earlier.
Quarterly comparison
Compared with the prior quarter, revenue was lower, and the year-over-year comparison also showed a decline. The trailing twelve-month revenue figure was below the level reported in the same period a year ago.
What to watch
The sequential and year-over-year revenue declines warrant attention to the sustainability of the current trend.