Coherent Reports Fiscal Q1 2027 Results and Announces $20B Long-Term Agreement

Coherent reported fiscal Q1 2027 sales growth of 85% year over year in its Data Center segment and 84% in Communications, driven by its scale-across product line. The company also announced a five-year, $20 billion PhotonLink agreement with an AI data center customer, with revenue expected to begin in early 2028. Coherent raised its long-term outlook, expecting non-GAAP gross margins to exceed 45% before the end of 2028.