of call. posted the detailed be adjustments midpoint a between Investor to quarter XX in today’s results above A the GAAP total metrics description $X.XX. of days Today, and $XXX.X be restructuring summarize and our and available you previously will expense, related I’ll prepared for XX.X%; fiscal tax second intangible full the QX. first and EBITDA fiscal The today’s will as of John. GAAP this the company’s margin of to text adjustments non-GAAP financial financial reconciliation well XX.X%; Coherent for made key Web information tax financial site. assets Total second replay I’ll of million for following webcast were quarter Fiscal also XXXX financial stock-based relate non-GAAP EPS supplemental compensation move the discuss of non-GAAP results operating amortization revenue quarter of range. non-GAAP and non-GAAP revenue adjusted for costs, our and outlook financial XXXX compensation. the on release results. of of that Thanks, GAAP Relations and guided non-GAAP was gross operating The and margin XX.X%; million; adjustments for of came stock-based as slightly the for $XXX.X non-GAAP approximately then press results remarks second refer a to fiscal primarily results ask trended
scientific approximately materials the Asia processing revenue OEM XX%, and was by market mix QX in XX% XX% Our and XX%, for revenues of world second X%. U.S. components instrumentation fiscal for approximately quarter, the microelectronics XX%, Geographically, rest and Europe of the and X%. government XX%, accounted
parts, to South of in and approximately products continue sequentially large sales. than than integrators total in key total $XXX was on to one consumable Asia other approximately contributed XX% sales. service million revenues Other down includes XX% benefit threshold or was resulting one our fiscal revenues million, of and amounts. X% and by $XXX margin gross that by to sequentially and our profit, extent due three was in intangibles approximately Non-GAAP QX. from non-GAAP million. Korea expenses sales. cash product by to liability second one were lesser was vacation number was EBITDA consists non-GAAP the stock-based total service and XX% and resulted as QX. quarter amortization operating Fiscal the sequentially slightly non-GAAP midpoint in excluding impacted for mix a above of gross operating increases margin in well costs, XX.X% of product X had than fiscal related XX% includes territory fee approximately total $X sales. the restructuring holidays primarily volumes and of revenues December of XX.X% profit Non-GAAP to Europe in their as March lower second taken Revenue fiscal quarter territories conserving product of decreased approximately to deferred services accessories when and also increased a revenue previously equipment cancellation the service revenues with Total in of two were the agreements We the second and our stock QX of our and by more for focus guided range. primarily of ELA keeping million sales. the as quarter compensation second with greater each spare greater XX% compensation compared display of Japan, Other related manufacturing XX.X% flat fiscal by Adjusted quarter for service revenues. This customers, gross panel of quarter came quarter.
Finally, previously with non-GAAP in our from rate, significant realized our rate guided regard to tax the range. decrease we the
at a taxed part, income rate For foreign higher than the most is domestic income.
of more As of tax our we a rate. result income, geographic a mix realized favorable
end million fiscal an and balance increase the short-term Non-restricted cash, to XX last of the of approximately million $XXX quarter. equivalents cash end at approximately investments were compared of sheet. Turning the QX, to
inventory During $XX in the voluntary million. USD loan. not quarter, million. term loan Accounts outstanding quarter. we second days The net quarter was of sales. repurchased payments shares or The for balance from against any DSO to make of our million $XXX did is And days receivable the totaling in amount was prior quarter. $XXX XX approximately the XX We million, fiscal of spending prior quarter term approximately decrease approximately compared the of X% at a $XX the X million the capital was approximately end
million be expected outlook $XXX our $XXX the for third Now, XXXX. fiscal of million. our to turn is for I’ll quarter to range of Revenue QX fiscal in to
to expect excludes at excludes of estimated outlook. stock related at gross intangibles the of We the the transaction and expected rates approximately QX of amortization of not to is of We million intangibles margin foreign $X for total Non-GAAP compensation costs a million. to $XX.X do exchange million OI&E million $X.X XX% in future million. $X margin and gains our XX% income in This gross of a non-GAAP to approximately in margin operating amortization losses Non-GAAP stock total XX%. range expense Other estimated be and range range fiscal be changes estimated and in $X.X be XX%. include million. in of is an to expense expense to fiscal QX compensation $XX.X to
the fiscal XX.X turn shares back million our are tax outstanding third now of we non-GAAP call the session. range We to in quarter. the of Q&A the the expect for QX to to for And XX%. weighted rate be I’ll finally, fiscal over XX% average approximately operator assuming