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Coherent Corp. (COHR) stock

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NYSE: COHR NYSE Electronic Components Next results ~November 4, 2026

C Fundamentals grade

Coherent Corp. designs and manufactures photonic (light-based) technologies used in datacentre networking, telecommunications and industrial applications. Its products include optical transceivers for datacentres, ZR/ZR+ optical transceivers and other telecom transport equipment, lasers, and components for semiconductor manufacturing equipment. The company is expanding indium phosphide production capacity at its site in Sherman, Texas.

Customers include hyperscale and cloud computing providers, telecommunications network operators, and semiconductor capital equipment manufacturers, who buy hardware such as transceivers, lasers and optical components. In March 2026 the company signed a multi-year agreement with NVIDIA covering manufacturing capacity and development of optical networking technology, and NVIDIA separately took an equity stake in the company through a private placement of shares.

The business is organised into two reportable segments, Datacenter & Communications and Industrial, following an internal reorganisation that took effect in July 2025. It operates with a globally diversified manufacturing base, which provides flexibility in sourcing and production. The company has divested several businesses as part of ongoing restructuring, including its aerospace and defence operations and a product division based in Munich, Germany.

Based on Coherent Corp.'s 10-K filed August 14, 2026.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$130

Valuation models combined (2)

Base case. Range ~$69–$260. Weighted average of 2 models (growth cash-flow model, forward price-to-earnings vs peers), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Coherent Corp. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Coherent files

Where Coherent stands after its latest 10-K

Revenue for the twelve months to June 2026 was $7.12bn, up 22.5% on a year earlier, faster than 18.0% a quarter earlier. That growth ranks 154 of 931 among all the companies we cover. Free-cash-flow margin fell to -14.4% from 3.3% a year earlier. Operating margin widened to 2.0% from -0.7%. The diluted share count is up 26.3% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 3 of our 6 financial-health checks. Our valuation models combined value is $101 a share, against a share price of $233.

Source: 10-K filed August 14, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Coherent Corp.'s trailing-twelve-month revenue grew 22.5% year on year, with a free-cash-flow margin of -14.4%. Where it lags: change in share count of 26.3% ranks 20 of 22 electronic components companies we cover.

Current signal Net income rising while operating cash flow falls: TTM net income grew 1530.7% while operating cash flow fell 87.5% — earnings and cash are telling different stories.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 22.5% over the last 12 months, against a median of 16.1% for electronic components companies we cover.
  • Growth speeding up. The growth rate is 4.5 points higher than a quarter earlier.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 5.2% over 90 days.

Things to watch

  • Results due soon. Results are expected around 11 November; the share price can move sharply on the day.
  • Burning cash. Free cash flow was -14.4% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 26.3% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 89% and a beta of 3.5 against the S&P 500.
  • Insiders selling. 13 insiders sold $1,109M of stock over the past 365 days and none bought (2% under pre-set trading plans).
  • Weak cash conversion. Free cash flow was -127% of net income over the last 12 months.

Latest results: FY2026 Q4

Filed August 14, 2026
Earnings per share
$1.74 against an average estimate of $1.62: beat by 7.6%
Revenue
$2.05bn, up 33.7% on a year earlier
Share reaction
-0.4% in the first session after the results on August 12, 2026, against +0.9% for the S&P 500
Guidance given
revenue $2.2bn to $2.4bn (first quarter of fiscal 2027); gross margin percentage 39.5% to 41.5% (first quarter of fiscal 2027)
Next report
November 4, 2026; average EPS estimate $1.97

Coherent's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-4.9%
  • 1 week-9.7%
  • 1 month-40.7%
  • This year+8.3%
  • 1 year+51.5%
  • 5 years+212.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$7.1B
Net margin
11.3%
EPS (TTM, diluted)
$4.12

Growth

Revenue growth
+22.5%
Change in growth rate
+4.5 pts
Share count change
+26.3%

Cash

Free cash flow (TTM)
-$1B
FCF margin
-14.4%
Stock pay % of revenue
2.7%

Earnings

Last results
August 12, 2026
Next results (est.)
November 11, 2026

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Insider trade
  3. Insider trade
  4. Leadership
  5. Insider trade
  6. Results
  7. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Coherent Corp. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Coherent Corp. as an operating company, with every model that fits that kind of business. Cost of equity 13.3%: the 10-year Treasury yield (4.9%) plus a beta of 1.85 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$69 ~$35–$98 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$260 ~$220–$380 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$10 ~$6.1–$16 Left out: out of range vs price (0.05x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$39 ~$27–$53 Left out: out of range vs price (0.19x)
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$130 ~$69–$260 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Coherent Corp. with Electronic Components in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026
Share price$18.76$34.30$43.45$36.56$47.22$72.59$50.95$50.98$72.46$89.21$394.47
Market value$1.2bn$2.2bn$2.8bn$2.4bn$4.0bn$8.4bn$5.9bn$7.0bn$11.0bn$13.8bn$77.1bn
+ Net debt (− = net cash)$17m$70m$250m$307m$1.8bn−$175m−$256m$3.6bn$3.2bn$2.8bn$2.1bn
Enterprise value$1.2bn$2.3bn$3.1bn$2.7bn$5.9bn$8.2bn$5.7bn$10.6bn$14.2bn$16.6bn$79.2bn
Multiples
Price / sales 1.4x2.3x2.4x1.8x1.7x2.7x1.8x1.4x2.3x2.4x10.8x
Price / earnings 18.0x23.2x32.2x22.4x—28.1x25.3x——n/m95.7x
Price / free cash flow 18.2x—n/m58.2x25.0x19.5x60.0x35.4x55.2x71.6x—
EV / EBITDA 8.1x12.7x14.2x11.3x22.5x12.2x8.1x0.0x21.7x——

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

37 /100

Weak moat

How hard Coherent's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 8 / 20

    Cash operating profit has been a median 7.3% of total assets over 10 years.

  • Pricing power 12 / 20

    Gross margin has been a median 37.8%, moving by 3.1 percentage points (standard deviation) across 10 years.

  • Durability 2 / 20

    Operating margin has been a median 11.0%; its worst year was -0.7%.

  • Cash conversion 10 / 20

    Free cash flow was positive in 8 of 10 years, at a median 3.2% of revenue.

  • Discipline 9 / 20

    The diluted share count rose 69.9% over five years; stock-based pay has been a median 2.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (42 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $2.3bn and EPS of $1.97 (range $1.68 to $2.05) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $9.39 +67% $10.6bn +49%
Next $13.91 +48% $14.7bn +38%

Next year's EPS estimate has moved +5.2% in 90 days, across 22 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +13.2% on 90 days ago. In the last 30 days, 19 analysts raised Coherent Corp.'s forecast and 1 cut it.

Consensus EPS forecast Coherent Corp., last 90 days
$8.00 $10.00 $12.00 $14.00 $16.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $8.29 Current fiscal year, 60 days ago: $9.41 Current fiscal year, 30 days ago: $9.42 Current fiscal year, 7 days ago: $9.42 Current fiscal year, Now: $9.39 $9.39 Next fiscal year, 90 days ago: $13.21 Next fiscal year, 60 days ago: $13.95 Next fiscal year, 30 days ago: $13.96 Next fiscal year, 7 days ago: $14.05 Next fiscal year, Now: $13.91 $13.91

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $8.29$13.21
60 days ago $9.41$13.95
30 days ago $9.42$13.96
7 days ago $9.42$14.05
Now $9.39$13.91

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.62 $1.74 +7.6%
Mar 2026 $1.39 $1.41 +1.1%
Dec 2025 $1.21 $1.29 +6.8%
Sept 2025 $1.04 $1.16 +11.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 12, 2026
  • Revenue first quarter of fiscal 2027 $2.2bn to $2.4bn
    “Revenue for the first quarter of fiscal 2027 is expected to be between $2.2 billion and $2.4 billion.” source
  • EPS first quarter of fiscal 2027 $1.85 to $2.05 Non-GAAP
    “EPS for the first quarter of fiscal 2027 is expected to be between $1.85 and $2.05 on a non-GAAP basis.” source
  • Gross margin percentage first quarter of fiscal 2027 39.5% to 41.5% Non-GAAP
    “Gross margin percentage for the first quarter of fiscal 2027 is expected to be between 39.5% and 41.5% on a non-GAAP basis.” source
  • Total operating expenses first quarter of fiscal 2027 $400m to $420m Non-GAAP
    “Total operating expenses for the first quarter of fiscal 2027 are expected to be between $400 million and $420 million on a non-GAAP basis.” source
  • Tax rate first quarter of fiscal 2027 18% to 20% Non-GAAP
    “Tax rate for the first quarter of fiscal 2027 is expected to be between 18% and 20% on a non-GAAP basis.” source

How earlier guidance turned out

  • Revenue, fourth quarter of fiscal 2026 guided $1.91bn to $2.05bn Within range: $2.045533bn

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

26 analysts, Oct 2026
Buy2077%
Hold623%
Sell00%

Monthly trend

  1. Oct 2026416626
  2. Sep 2026415524
  3. Aug 2026414523
  4. Jul 2026414523

Counts of recommendations published by analysts covering Coherent Corp., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.6%
of tradable shares
Days to cover
1.28
at average volume
Short interest, 1 month
−11%
to October 15, 2026
Held by institutions
88%
of shares
Held by insiders
4.4%
of shares
Employees
51,478
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +51.5%

$131.96 on October 31, 2025 to $199.95

ThenNowEffect
Revenue (last 12 months) $5.8bn $7.1bn +22.5%
Net margin 0.8% 11.3% +1231.1%
P/E multiple n/m 48.5x −88.3%
Share count 155m 195m −20.8%

Biggest factor: net margin.

Last 3 years +508.7%

$32.85 on November 3, 2023 to $199.95

ThenNowEffect
Revenue (last 12 months) $5.2bn $7.1bn +37.9%
P/S multiple 0.9x 5.5x +526.6%
Share count 138m 195m −29.6%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
COHR−10%−49%+24%+118%+95%+8%
Industry peers (median)+21%−12%+10%+7%+4%+19%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
COHR58%42%42%75%58%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
COHR−45%−60%−48%−30%−53%−53%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 72% from February 11, 2021 to May 16, 2023. Getting back needed a 260% gain, reached on October 11, 2024, 514 days after the low.

Price behaviour

52-week range
$128.70 – $426.89
From 52-week high
−53.2%
vs 50-day average
−28.0%
vs 200-day average
−32.6%
Volatility (1 year)
89%
Beta vs S&P 500
3.49

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±10.5%
After a week
7 up, 5 down
typical move ±13.2%
After a month
9 up, 3 down
typical move ±17.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 12, 2026 −0.4% +0.9% −12.5% −7.1%
May 6, 2026 −4.9% +1.1% +20.2% +12.3%
February 4, 2026 −8.7% −1.7% −2.4% +2.9%
November 5, 2025 +23.8% −0.7% +21.7% +41.3%
August 13, 2025 −21.4% +0.4% −25.7% −11.6%
May 7, 2025 +1.1% +1.1% +15.6% +14.3%
February 5, 2025 +14.5% +0.8% −0.5% −24.2%
November 6, 2024 +17.0% +3.3% +9.8% +18.9%
August 15, 2024 +14.4% +1.9% +16.9% +12.3%
May 6, 2024 −2.1% +1.1% −3.8% +18.1%
February 5, 2024 +18.1% −0.1% +26.0% +31.7%
November 6, 2023 −0.1% +0.5% +3.0% +18.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Coherent Corp. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Coherent Corp.
$4B $5B $6B $7B $8B FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $4.9B Revenue (TTM), FY24 Q2: $4.6B Revenue (TTM), FY24 Q3: $4.6B Revenue (TTM), FY24 Q4: $4.7B Revenue (TTM), FY25 Q1: $5B Revenue (TTM), FY25 Q2: $5.3B Revenue (TTM), FY25 Q3: $5.6B Revenue (TTM), FY25 Q4: $5.8B Revenue (TTM), FY26 Q1: $6B Revenue (TTM), FY26 Q2: $6.3B Revenue (TTM), FY26 Q3: $6.6B Revenue (TTM), FY26 Q4: $7.1B $7.1B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $4.9B
FY24 Q2 $4.6B
FY24 Q3 $4.6B
FY24 Q4 $4.7B
FY25 Q1 $5B
FY25 Q2 $5.3B
FY25 Q3 $5.6B
FY25 Q4 $5.8B
FY26 Q1 $6B
FY26 Q2 $6.3B
FY26 Q3 $6.6B
FY26 Q4 $7.1B
Revenue growth, TTM YoY Coherent Corp.
-10% 0% 10% 20% 30% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: 25.9% Revenue growth, TTM YoY, FY24 Q2: 4.5% Revenue growth, TTM YoY, FY24 Q3: -5.0% Revenue growth, TTM YoY, FY24 Q4: -8.8% Revenue growth, TTM YoY, FY25 Q1: 2.8% Revenue growth, TTM YoY, FY25 Q2: 14.6% Revenue growth, TTM YoY, FY25 Q3: 21.7% Revenue growth, TTM YoY, FY25 Q4: 23.4% Revenue growth, TTM YoY, FY26 Q1: 20.8% Revenue growth, TTM YoY, FY26 Q2: 18.6% Revenue growth, TTM YoY, FY26 Q3: 18.0% Revenue growth, TTM YoY, FY26 Q4: 22.5% 22.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 25.9%
FY24 Q2 4.5%
FY24 Q3 -5.0%
FY24 Q4 -8.8%
FY25 Q1 2.8%
FY25 Q2 14.6%
FY25 Q3 21.7%
FY25 Q4 23.4%
FY26 Q1 20.8%
FY26 Q2 18.6%
FY26 Q3 18.0%
FY26 Q4 22.5%
Operating margin (TTM) Coherent Corp.
-5% 0% 5% 10% 15% FY22 Q1 FY22 Q4 FY23 Q3 FY24 Q4 Operating margin (TTM), FY22 Q1: 12.5% Operating margin (TTM), FY22 Q2: 11.8% Operating margin (TTM), FY22 Q3: 12.3% Operating margin (TTM), FY22 Q4: 12.5% Operating margin (TTM), FY23 Q1: 9.4% Operating margin (TTM), FY23 Q2: 6.1% Operating margin (TTM), FY23 Q3: 4.8% Operating margin (TTM), FY23 Q4: -0.7% Operating margin (TTM), FY24 Q1: -2.1% Operating margin (TTM), FY24 Q2: -1.7% Operating margin (TTM), FY24 Q3: -2.7% Operating margin (TTM), FY24 Q4: 2.0% 2.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY22 Q1 12.5%
FY22 Q2 11.8%
FY22 Q3 12.3%
FY22 Q4 12.5%
FY23 Q1 9.4%
FY23 Q2 6.1%
FY23 Q3 4.8%
FY23 Q4 -0.7%
FY24 Q1 -2.1%
FY24 Q2 -1.7%
FY24 Q3 -2.7%
FY24 Q4 2.0%
FCF margin (TTM) Coherent Corp.
-20% -10% 0% 10% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: 8.1% FCF margin (TTM), FY24 Q2: 5.5% FCF margin (TTM), FY24 Q3: 4.9% FCF margin (TTM), FY24 Q4: 4.2% FCF margin (TTM), FY25 Q1: 2.5% FCF margin (TTM), FY25 Q2: 4.3% FCF margin (TTM), FY25 Q3: 4.6% FCF margin (TTM), FY25 Q4: 3.3% FCF margin (TTM), FY26 Q1: 1.2% FCF margin (TTM), FY26 Q2: -1.6% FCF margin (TTM), FY26 Q3: -8.2% FCF margin (TTM), FY26 Q4: -14.4% -14.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 8.1%
FY24 Q2 5.5%
FY24 Q3 4.9%
FY24 Q4 4.2%
FY25 Q1 2.5%
FY25 Q2 4.3%
FY25 Q3 4.6%
FY25 Q4 3.3%
FY26 Q1 1.2%
FY26 Q2 -1.6%
FY26 Q3 -8.2%
FY26 Q4 -14.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jun 2010 2011 Jun 2011 2012 Jun 2012 2013 Jun 2013 2014 Jun 2014 2015 Jun 2015 2016 Jun 2016 2017 Jun 2017 2018 Jun 2018 2019 Jun 2019 2020 Jun 2020 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026
Income
Revenue 0.3 0.5 0.5 0.6 0.7 0.7 0.8 1.0 1.2 1.4 2.4 3.1 3.3 5.2 4.7 5.8 7.1
Gross profit — — — — — — 0.3 0.4 0.5 0.5 0.8 1.2 1.3 1.6 1.5 2.0 2.7
EBITDA — — 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.3 0.7 0.7 681.6 0.7 — —
Operating income — — 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.0 0.4 0.4 −0.0 0.1 — —
Net income 0.0 0.1 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1 −0.1 0.3 0.2 −0.3 −0.2 0.0 0.8
Diluted EPS $0.63 $1.30 $0.94 $0.80 $0.60 $1.05 $1.04 $1.48 $1.35 $1.63 −$0.79 $2.37 $1.45 −$2.93 −$1.84 −$0.52 $4.12
Growth (year on year)
Revenue +18.1% +45.7% +2.7% +6.7% +24.0% +8.6% +11.5% +17.5% +19.2% +17.6% +74.7% +30.5% +6.8% +55.6% −8.8% +23.4% +22.5%
EBITDA — — — −3.2% −11.3% +30.4% +14.3% +20.7% +21.4% +10.8% +8.0% +158.2% +4.3% +>999% −99.9% — —
Operating income — — — −12.3% −35.0% +65.2% +19.5% +25.9% +18.4% +8.7% −73.4% — +3.0% −109.0% — — —
Net income +4.9% +114.3% −27.1% −15.7% −24.3% +71.6% −0.7% +45.5% −7.6% +22.2% −162.3% — −21.1% −210.5% — — —
Diluted EPS +3.3% +106.3% −27.7% −14.9% −25.0% +75.0% −1.0% +42.3% −8.8% +20.7% −148.5% — −38.8% −302.1% — — —
Margins
Gross margin — — — — — — 37.8% 40.0% 39.9% 38.3% 33.2% 37.9% 38.2% 31.4% 30.9% 35.2% 37.5%
EBITDA margin — — 22.5% 20.4% 14.6% 17.5% 17.9% 18.4% 18.8% 17.7% 10.9% 21.6% 21.1% >999% 13.9% — —
Operating margin — — 15.8% 13.0% 6.8% 10.4% 11.1% 11.9% 11.8% 10.9% 1.7% 12.9% 12.5% −0.7% 2.0% — —
Net margin 11.2% 16.4% 11.7% 9.2% 5.6% 8.9% 7.9% 9.8% 7.6% 7.9% −2.8% 9.6% 7.1% −5.0% −3.3% 0.8% 11.3%
Free-cash-flow margin 17.0% 6.5% 8.8% 15.0% 9.7% 10.4% 7.8% −2.0% 0.7% 3.0% 6.7% 13.8% 3.0% 3.8% 4.2% 3.3% −14.4%
Cash flow
Cash from operations 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.6 0.4 0.6 0.5 0.6 0.1
Capital spending 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.3 0.4 0.3 0.4 1.1
Free cash flow 0.1 0.0 0.0 0.1 0.1 0.1 0.1 −0.0 0.0 0.0 0.2 0.4 0.1 0.2 0.2 0.2 −1.0
Stock-based pay −0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.2 0.2
Free cash flow after stock pay 0.1 0.0 0.0 0.1 0.1 0.1 0.1 −0.0 −0.0 0.0 0.1 0.4 0.0 0.0 0.1 0.0 −1.2
Balance sheet
Cash 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.2 0.2 0.5 1.6 2.6 0.8 0.9 0.9 1.2
Total debt 0.0 0.1 0.1 0.1 0.2 0.2 0.2 0.3 0.5 0.5 2.3 1.4 2.3 4.4 4.2 3.7 3.3
Net debt (negative = net cash) −0.1 −0.1 −0.1 −0.1 0.1 0.0 0.0 0.1 0.2 0.3 1.8 −0.2 −0.3 3.6 3.2 2.8 2.1
Diluted shares 62m 64m 64m 64m 64m 63m 63m 65m 65m 66m 85m 115m 117m 138m 152m 155m 195m
Returned to shareholders
Dividends — — — — — — — — — 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Buybacks — — 0.0 0.0 0.0 0.0 0.0 — 0.0 0.0 0.0 0.0 0.0 — — — —
Total returned — — 0.0 0.0 0.0 0.0 0.0 — 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · June 30, 2026
What it owns · $18.3bn
Short-term assets $6.9bnLonger-term assets $11.4bn
What it owes, and who funded it · $18.0bn
Short-term liabilities $2.9bnLonger-term liabilities $4.2bnShareholders' equity $10.9bn
  • Short-term assets cover short-term liabilities $6.9bn of assets due within a year against $2.9bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $6.9bn short-term assets against $4.2bn of longer-dated liabilities.
  • More cash than debt $1.2bn of cash against $3.2bn of debt.
  • Debt below 40% of shareholders' equity Debt is 30% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 27% to 30% over five years.
  • A year's operating cash flow covers at least 20% of debt $80m of operating cash flow against $3.2bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Coherent Corp.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$11.4M
Diluted share count
+26.3%
year over year
Total shareholder yield
0.0%
dividends 0.0% + buybacks 0.0% of market value
Dividend payout ratio
1%
of net income paid out
R&D spending
10.2%
of revenue
Sales & admin spending
14.7%
of revenue
Days sales outstanding
69 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electronic components
Last 12 months unless stated COHR TTMI VSH BDC GLW LFUS Median
Revenue, last 12 months $7.1bn $3.8bn $3.3bn $3.1bn $17.7bn $2.8bn $647m
Revenue growth, last 12 months 22.5% 37.6% 13.4% 17.7% 18.8% 18.7% 15.0%
Revenue growth, 3-year average 11.3% 18.8% −2.2% 6.1% 10.9% 4.1% 5.6%
Revenue growth, latest quarter 33.7% 59.9% 16.6% 38.3% 18.4% 22.7% 18.4%
Gross margin 37.5% 22.2% 20.9% 36.8% 36.5% 40.1% 36.5%
Operating margin 2.0% 11.1% 3.3% 9.0% 16.5% 5.5% 8.5%
Operating margin, 3-year average 4.6% 8.0% 3.4% 10.1% 12.1% 9.0% 8.3%
Net margin 11.3% 7.0% 0.9% 5.6% 12.1% 1.4% 5.8%
Cash from operations / revenue 1.1% 8.8% 10.4% 12.8% 23.7% 21.6% 10.4%
Free-cash-flow margin −14.4% 0.4% −0.2% 7.3% 13.9% 19.2% 3.7%
Free-cash-flow margin, 3-year average −2.3% 0.9% −3.9% 8.1% 10.0% 16.1% 8.9%
Stock pay / revenue 2.7% 1.9% 0.9% 1.2% 2.1% 1.1% 1.9%
Change in share count 26.3% 2.2% 2.4% −2.7% 0.2% 1.1% 2.9%

Median of all 26 companies we cover in electronic components. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

26 electronic components companies
Measure Company Peer median Rank
Revenue growth Growth 22.5% 16.1% 8 of 26
Change in growth rate Growth +4.5pp +3.5pp 9 of 26
Gross margin Profitability 37.5% 36.8% 11 of 24
Net margin Profitability 11.3% 6.0% 8 of 26
Free-cash-flow margin Cash generation -14.4% 5.6% 21 of 24
Stock pay as % of revenue Cash generation 2.7% 2.1% 15 of 24
Long-term debt as % of assets Balance sheet 17.6% 12.5% 11 of 19
Change in share count Balance sheet 26.3% 3.5% 20 of 22
Days sales outstanding Balance sheet 69 days 69 days 13 of 24

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to June 30, 2026
Segments
Line of business Revenue Share YoY
Datacenter and Communications $5.3B 74.1% ▲ 40.5%
Industrial $1.8B 25.9% ▼ 10.3%
Geography
Region Revenue Share YoY
North America $4.6B 65.1% ▲ 30.0%
Europe $814M 11.4% ▲ 16.5%
China $813M 11.4% ▲ 19.6%
Other Countries $467M 6.6% ▼ 1.9%
Japan $390M 5.5% ▼ 0.1%

From Coherent Corp.'s 10-K filed August 14, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$66.9B
Institutions reporting
1,296
Shares held vs prior quarter
▼ 3.1%
Positions opened / closed
314 / 121

Top buyers and sellers, Q2 2026: 814 institutions bought and 481 sold ; the biggest buyer was Capital International Investors (+3.6M shares) and the biggest seller FMR LLC (−11.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $6.6B 16.6M 9.8% ▲ 11.1%
Vanguard Capital Management LLC $5B 12.8M 7.5% ▲ 4.8%
FMR LLC $4.3B 11.0M 6.5% ▼ 51.4%
Vanguard Portfolio Management LLC $4B 10.0M 5.9% ▲ 5.9%
State Street Corp $3.4B 8.6M 5.1% ▲ 10.9%
Nvidia Corp $3.1B 7.8M 4.6% 0.0%
Invesco Ltd. $2.9B 7.4M 4.4% ▲ 10.7%
Geode Capital Management, LLC $2.1B 5.3M 3.1% ▲ 0.6%
Capital International Investors $1.4B 3.6M 2.1% New
Morgan Stanley $1.3B 3.3M 1.9% ▲ 19.1%
Price T Rowe Associates Inc $1.2B 3.1M 1.8% ▲ 99.8%
Norges Bank $973M 2.5M 1.5% —

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Coherent Corp.'s complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $1.1B 37 trades by 13 insiders · 2% under pre-set plans
Net ▼ $1.1B net selling
Insider Date Trade Shares Price Value
Digirolomo Enrico Director September 11, 2026 Sell 5,315 $305.99 $1.6M
Beard Robert P Chief Strategy & Legal Officer September 9, 2026 Sell 500 $309.32 $154,660
Neal-Graves Lisa Director September 2, 2026 Sell 2,200 $268.42 $590,524
Eng Julie Sheridan Chief Technology Officer September 1, 2026 Sell pre-set plan 6,030 $270.69 $1.6M
Eng Julie Sheridan Chief Technology Officer August 31, 2026 Sell pre-set plan 7,047 $276.83 $2M
Skaggs Stephen A Director August 31, 2026 Sell pre-set plan 2,272 $276.88 $629,062
Digirolomo Enrico Director August 31, 2026 Sell pre-set plan 2,272 $276.85 $628,998
Luther Sherri R Chief Financial Officer August 18, 2026 Sell pre-set plan 3,000 $324.00 $972,000
Luther Sherri R Chief Financial Officer July 22, 2026 Sell pre-set plan 1,000 $306.68 $306,680
Luther Sherri R Chief Financial Officer May 12, 2026 Sell pre-set plan 2,000 $372.96 $745,920
Xia Howard H. Director May 11, 2026 Sell 500 $368.00 $184,000
Xia Howard H. Director May 11, 2026 Sell 500 $358.00 $179,000

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 11 trades and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 1 sale of Coherent Corp. shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded August 18, 2026, filed September 10, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded March 25, 2026, filed April 7, 2026
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 31, 2025, filed November 21, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 11, 2026 estimated from the company's past filing pattern, not announced

  • August 12, 2026
  • May 6, 2026
  • February 4, 2026
  • November 5, 2025
  • August 13, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Coherent Corp. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Coherent Corp. in brief

What does Coherent Corp. do?
Coherent Corp. is a US-listed company in the electronic components industry. Its financial year ends in June.
What is Coherent Corp.'s stock ticker?
Coherent Corp. trades under the ticker COHR on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Coherent Corp.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Coherent Corp. reported revenue of $7.1B, 22.5% higher than a year earlier, according to its SEC filings.
What is Coherent Corp.'s free cash flow?
Coherent Corp.'s free-cash-flow margin is -14.4% of revenue over the trailing twelve months, ranking 21 of the 24 electronic components companies we cover.
Who are Coherent Corp.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and FMR LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Coherent Corp.'s market cap?
On June 30, 2026, Coherent Corp.'s market capitalisation was about $77.1B, with a price-to-earnings ratio of 95.7 and net debt of $2.1B. Market figures come from third-party market data and may be delayed.
Does Coherent Corp. pay a dividend?
Yes: Coherent Corp. paid $11.4M in dividends over the trailing twelve months, a dividend yield of 0.03% and a payout ratio of 1.4%.
How much debt does Coherent Corp. have?
Coherent Corp.'s debt-to-equity ratio is 29.6%, from its latest balance sheet (26.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Coherent Corp.'s competitors?
In our Electronic Components peer group, the companies closest to Coherent Corp. are TTM Technologies Inc, Vishay Intertechnology Inc, Belden Inc., Corning Inc. and Littelfuse Inc. The side-by-side comparison below sets their revenue, margins and growth against Coherent Corp.'s.
Are insiders buying or selling Coherent Corp. stock?
Over the last 12 months, Coherent Corp.'s directors and officers reported 0 open-market purchases and 37 sales on Form 4. The insider trading page charts every trade.
When is Coherent Corp.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Coherent Corp. announces its own schedule.