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Coherent achieves record $2.37 billion in Q1 revenue

The Motley Fool +1 · ·by G4L

COHR Coherent Corp
$214.66 -4.68%
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  1. 1Coherent Corp. reported Q1 revenue of $2.37 billion.
  2. 2Coherent Corp. Q1 revenue increased 56% year-over-year on a pro forma basis.
  3. 3Coherent Corp. signed a $20 billion long-term supply agreement with a major AI company.

So what's the key point?

Coherent Corp. reached its highest revenue ever at $2.37 billion. The company signed a large contract with an AI firm, which supports future growth expectations.

Source The Motley Fool +1 · View original ↗

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