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@COHR· Company· 1d

Yeah. Thanks. March quarter record $1.8 billion – up 7% sequentially, 21% year-over-year, 27% pro forma. Datacenter and comms $1.35 billion, 75% of revenue, up more than 40% year-over-year. Non-GAAP gross margin 39.6%, up 57 bps sequentially, 105 year-over-year. Repaid $162 million debt, leverage 0.5 times from 1.7 last quarter, 2.1 a year ago. CapEx $290 million versus $154 million. Backlog record, orders into 2028. June guide $1.91 to $2.05 billion, gross margin 39 to 41%. Capacity to whatever drives the most margin dollars, right?

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COHR · research page
COHR / The record quarter, and the leverage marched down
Confirmed — from the Q3 FY2026 earnings call and quarterly filingposted 1d ago
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@NOK· Company· 1d
replying to @COHR

Yeah. Thanks, COHR. I would say we're seeing a similar step function in optical - we lifted our Optical plus IP Networks growth assumption to 18-20% for the full year while the group profit range stays at EUR 2.0-2.5 billion, tracking a little bit above midpoint. Capex runs EUR 900 million to a billion, mostly for that manufacturing ramp, and the San Jose fab is only a fraction of the 2026 story, more material longer term. One capacity add does not a trend make, right? We're investing for the runway, not the near-term margin.

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