Investing.com -- Coherent Corp.（科希亚）股价周四盘前交易中上涨4%，此前该公司公布第一财季经调整后的每股收益和营收大幅增长，因用于人工智能数据中心的光连接产品需求不断增长，推动了销售并改善了利润率。
Investing.com -- Coherent Corp. shares rose 4% in premarket trading Thursday after the company reported a sharp rise in first-quarter adjusted earnings and revenue, as growing demand for optical connectivity products used in artificial intelligence data centres boosted sales and improved margins.
这家光子学公司报告称，截至9月30日的季度经调整后每股收益为2.09美元，较去年同期的1.16美元增长80%。营收攀升49.9%至23.7亿美元，而经调整后净利润增长91%至4.22亿美元。
The photonics company posted adjusted earnings of $2.09 per share for the quarter ended September 30, up 80% from $1.16 a year earlier. Revenue climbed 49.9% to $2.37 billion, while adjusted net earnings rose 91% to $422 million.
增长主要由公司的数据中心和通信业务推动，该业务营收同比激增79%至19.5亿美元。然而，工业部门营收下降14.8%至4.186亿美元。
Growth was driven primarily by the company’s datacenter and communications business, where revenue surged 79% year over year to $1.95 billion. Industrial segment revenue, however, declined 14.8% to $418.6 million.
Coherent表示，其成熟业务实现了强劲增长，新增长领域也开始加速放量。首席执行官Jim Anderson指出，AI数据中心正从铜连接向光连接转型，这正在增加对带宽和节能技术的需求。
Coherent said its established businesses delivered strong growth as new growth areas began ramping up. Chief Executive Jim Anderson pointed to the transition from copper to optical connectivity in AI data centres, which is increasing demand for bandwidth and energy-efficient technologies.
Stifel分析师在一份研报中表示：“我们认为，客户承诺越来越多地支持产能投资，而内部激光器替代仍是一个未被挖掘的利润杠杆。下一个问题是，这些承诺能以多快的速度转化为更高利润率的营收和现金流。”
"In our view, customer commitments increasingly support capacity investment, while internal laser substitution remains an unharvested margin lever. The next question is how quickly those commitments convert into higher-margin revenue and cash," Stifel analysts said in a note.
公司报告的GAAP毛利率为39.1%，较去年同期上升254个基点，而经调整后毛利率增加184个基点至40.6%。经调整后营业利润攀升78.1%至5.503亿美元。
The company reported a GAAP gross margin of 39.1%, up 254 basis points from a year earlier, while adjusted gross margin increased 184 basis points to 40.6%. Adjusted operating income climbed 78.1% to $550.3 million.
Coherent预测第二财季营收将在25.5亿至27.5亿美元之间，经调整后每股收益为2.28至2.48美元。公司还预计2027财年Pro forma营收增长将超过60%，理由是其增长市场的需求持续旺盛。
Coherent forecast second-quarter revenue of $2.55 billion to $2.75 billion and adjusted earnings of $2.28 to $2.48 per share. It also expects fiscal 2027 pro forma revenue growth to exceed 60%, citing continued demand across its growth markets.
该公司预计将在2027财年结束前实现首个单季营收30亿美元的里程碑，并在2028财年实现首个单季营收40亿美元。公司还上调了长期调整后毛利率目标，预计在2028年日历年结束前将超过45%。
The company expects to achieve its first $3 billion quarterly revenue milestone by the end of fiscal 2027 and its first $4 billion quarter in fiscal 2028. It also raised its longer-term adjusted gross margin target, expecting to exceed 45% before the end of calendar 2028.
“COHR持续表现良好，我们预计盈利预期将继续上调，”B. Riley Securities分析师写道。
"COHR continues to execute well, and we expect estimates to keep moving higher," B. Riley Securities analysts wrote.
“然而，该集团的估值倍数现在更多是由对AI资金投入的情绪驱动，而非季度业绩，我们认为进一步的盈利预期上调可能会被倍数压缩抵消，直到资金担忧缓解，”他们补充道，维持该股“中性”评级。
"However, the group’s multiples are now driven more by sentiment on AI funding than by quarterly results, and we think further estimate increases are likely to be offset by multiple compression until funding concerns ease," they added, maintaining a Neutral rating on the stock.