Coherent (COHR) Revenue — Quarter Ended Mar 31, 2024
Revenue increased compared to the immediately preceding quarter but declined relative to the same quarter one year earlier. The sequential improvement marks a reversal from the prior period's decrease, though the year-over-year comparison remains negative.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q3
Revenue increased compared to the immediately preceding quarter but declined relative to the same quarter one year earlier. The sequential improvement marks a reversal from the prior period's decrease, though the year-over-year comparison remains negative.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
+6.8%
Change from the immediately preceding quarter.
Year-over-year
-2.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.6B
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 |
|---|---|---|
| Jun 30, 2023 | $1.2B | +35.9% |
| Sep 30, 2023 | $1.1B | -21.7% |
| Dec 31, 2023 | $1.1B | -17.4% |
| Mar 31, 2024 | $1.2B | -2.5% |
Revenue performance
The reported revenue showed a sequential increase, recovering from the level seen in the previous quarter. The year-over-year comparison, however, reflected a decline, indicating that the current quarter's revenue has not yet returned to the level of the same period last year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose, reversing the prior quarter's decline. Compared with the same quarter one year earlier, revenue was lower, continuing the negative year-over-year trend observed in the preceding two quarters.
What to watch
Monitor whether the sequential revenue improvement can be sustained and if the year-over-year decline narrows in future quarters.