Coherent Corp
COHR
ISIN null / Valor 121251014
Coherent Corp
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About company
Coherent Corp., established in 1971 and headquartered in Saxonburg, Pennsylvania, is a prominent company specializing in materials, networking, and laser technologies for a variety of markets including industrial, communications, electronics, and instrumentation. With operations spanning over 20 countries, Coherent has evolved from its initial focus on manufacturing high-quality materials and optics for industrial lasers to becoming a key player in driving major market megatrends. The company is renowned for its contributions to enhancing safety, health, connectivity, and efficiency across the globe. Coherent's product offerings are diverse, ranging from compound semiconductor technology platforms that cater to the consumer electronics and automotive industries, to semiconductor lasers that play critical roles in smartphone security and augmented reality applications. Additionally, Coherent boasts the industry’s most comprehensive portfolio of products for optical communications, supporting the backbone of global internet and cloud services. This broad spectrum of innovative technologies and products positions Coherent as a vital enabler of future market developments and trends.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (28.07.2026):
Coherent Corp. reported results for its third quarter of fiscal 2026 (quarter ended March 31, 2026): revenue of $1.81 billion (headline +21% year‑over‑year; +27% on a pro‑forma basis), GAAP diluted EPS of $0.97 and non‑GAAP diluted EPS of $1.41, with expanding gross margins and strong demand led by its datacenter and communications business.
Revenue performance
Q3 FY2026 revenue was $1.806B, up 20.5% YoY (company headline: +21% YoY; +27% pro‑forma). Datacenter & Communications drove the mix with $1.362B of quarterly sales, while Industrial contributed $444M.
Profitability and margins
GAAP gross margin expanded to 37.7% (+243 bps YoY); non‑GAAP gross margin was 39.6% (+105 bps YoY). GAAP operating income was $201M (11.1% operating margin) and non‑GAAP operating income was $366M (20.3% margin).
Earnings per share
GAAP diluted EPS was $0.97 (compared with a loss of $0.11 in Q3 FY25); non‑GAAP diluted EPS was $1.41 (up $0.50 YoY). Nine‑month diluted non‑GAAP EPS was $3.86.
Guidance for Q4 FY2026
The company expects Q4 revenue of $1.91B–$2.05B, non‑GAAP gross margin 39.0%–41.0%, non‑GAAP operating expenses of $360M–$380M, a non‑GAAP tax rate of 18%–20%, and non‑GAAP EPS of $1.52–$1.72.
Cash, balance sheet and investments
At March 31, 2026 Coherent held $1.593B in cash and cash equivalents and $825M in short‑term investments (ending cash + restricted = $2,225.8M). Inventories were $2.127B and property, plant & equipment (net) $2.420B.
Capital spending and cash flow
Nine‑month additions to PP&E were $547M as the company ramps capacity for datacenter demand. Net cash provided by operating activities for the nine months was $10.1M, while investing used $891.1M (including capex) and financing provided $1,475.9M (including $2.0B proceeds from share issuance and new borrowings).
Leverage and equity changes
Total long‑term debt was $3.185B (plus a minimal current portion at quarter end) and total Coherent Corp. shareholders’ equity rose to $10.677B (reflecting recent equity issuance and period earnings).
Management commentary
Management cited accelerating revenue growth, expanding margins and strong demand in datacenter and communications, and said they are ramping capital investment to increase capacity to meet AI datacenter demand.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
57847 M
Market cap (USD)
4,907,584
Daily traded volume (Shares)
95.64 / 92.46
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
Damon Nie
Luba Schoenig
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