II-VI Incorporated (NASDAQ:IIVI) reported its Q4 results, with EPS of $0.98 coming in better than the Street estimate of $0.94. Revenue was $887 million, beating the Street estimate of $859.56 million.

For Q3/22, the company expects EPS in the range of $0.77-$0.90, compared to the Street estimate of $0.96, and revenue in the range of $1.3-1.4 billion, compared to the Street estimate of $1.02 billion.

Analysts at Deutsche Bank view management's positive commentary on demand dynamics as reassuring, specifically noting the strength in data centers spending and the recovery of industrial demand in China.

The analysts mentioned that they were also pleased with the company's execution in Compound Semis, and view the announced supply agreement with Infineon as an incremental positive for its SiC strategy.