II-VI Stock: Optimistic Outlook For A Stellar Fiscal 2023

Aug. 25, 2022 6:09 PM ETCoherent Corp. (COHR)33 Comments


  • II-VI set new records for quarterly revenue in F4Q 2022 and significant growth in response to sustained robust demand across its businesses.
  • II-VI confirmed significant share gains in 3D sensing at Apple, gaining share from Lumentum.
  • II-VI reinforced its role as a Silicon Carbide (SiC) wafers leader by inking a deal to supply IC leader Infineon Technologies.
  • II-VI’s backlog at a record $2.3 billion (+84% YoY) is indicative of strong demand for the company’s products.
  • This idea was discussed in more depth with members of my private investing community, Semiconductor Deep Dive. Learn More »

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II-VI Inc. (IIVI) reported Q4 EPS of $0.98, $0.04 better than analyst estimates of $0.94. Revenue for the quarter came in at $887 million versus the consensus estimate of $859.56 million. Supply constraints impacted F4Q22 sales by $8.6 million.


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I received a Ph.D. degree in chemistry from Oxford University (England) under Dr. John Goodenough, inventor of the lithium ion battery and 2019 Nobel Prize winner in Chemistry. I've had ten years experience in the field of wafer fabrication at AT&T Bell Laboratories and Stanford University.

I have been Editor-in-Chief of the peer-reviewed Journal of Active and Passive Electronic Devices since 2000. I authored the book "Technology Trends in VLSI Manufacturing" (Gordon and Breach), "Solar Panel Processing" (Old City Publishing), "Alternative Energy Technology" (Old City Publishing). Also in the solar area, I am CEO of SolarPA, which uses a proprietary nanomaterial to coat solar cells, increasing the efficiency by up to 10%. I recently published a fictional novel Blessed, available on Amazon and other sites.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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