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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InCoherent (COHR) announced record-breaking financial results for the second quarter, driven by unprecedented demand for AI-related hardware. The company reported revenue of $1.69 billion, marking a 17% increase compared to the previous year and significantly exceeding market expectations. This growth was primarily fueled by the Datacenter & Communications segment, which now accounts for more than 70% of total revenue. Specifically, the surge in demand for 800G and 1.6T optical transceivers used in AI infrastructure played a critical role in this performance. Additionally, Non-GAAP gross margins expanded to 39% as a result of improved manufacturing yields and pricing optimization. These results underscore the robust health of the high-speed optical supply chain amidst the ongoing global expansion of AI data centers.