Coherent's AI Infrastructure Positioning Has Changed The Valuation Debate
Coherent has shifted its focus from being a cyclical optical supplier to becoming a key player in AI infrastructure. This transition has led to a significant increase in revenue and earnings per share, indicating a positive valuation change. The company's strong backlog and datacenter exposure suggest continued growth in the future.
- ▪Coherent's revenue grew by 27% in Q3, with earnings per share increasing by 55%.
- ▪The company's datacenter exposure has risen to 75%, highlighting its strategic pivot towards AI infrastructure.
- ▪Coherent has strong backlog visibility extending into 2028 and beyond.
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