Coherent
Coherent Corp. is a vertically integrated manufacturer specializing in the development and production of lasers, transceivers, and engineered materials. The company leverages a deep technology stack in materials science and optoelectronics to serve critical infrastructure in communications, industrial manufacturing, and electronics. Their value proposition centers on high-performance optical components and systems that enable advanced data transmission and precision manufacturing processes.
Financials
Based on Q1 2026 · FQ3 FY2026 filing
Revenue
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Networking
primaryProvides optical and optoelectronic devices and modules used in high-speed data communications and telecommunications networks. This includes components for data centers and wireless infrastructure.
Transceivers, ROADM, Wavelength Selective Switching (WSS), Co-packaged optics (CPO), Datacenter interconnect (DCI), Transimpedance amplifier (TIA)
Cloud service providers, Telecommunications equipment manufacturers, Data center operators
Lasers
majorDevelops and manufactures a wide range of laser systems and modules for industrial, scientific, and medical applications. These products are used for precision manufacturing, semiconductor lithography, and research.
Optically pumped semiconductor laser (OPSL), CO2 lasers, Edge-emitting laser (EEL), Vertical-cavity surface-emitting laser (VCSEL), Deep ultraviolet (DUV) lasers
Industrial OEMs, Semiconductor equipment manufacturers, Scientific research institutions
Materials
moderateFocuses on the growth and fabrication of specialty engineered materials and semiconductor substrates. These materials serve as the foundation for power electronics and high-performance optical components.
Silicon carbide (SiC), Gallium nitride (GaN), Zinc selenide (ZnSe), Bismuth telluride (Bi2Te3), CVD Diamond
Power electronics manufacturers, Automotive suppliers, Aerospace and defense contractors
Segment Financials
Datacenter & Communications — Revenue
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Competitive Position
A leading global provider of lasers and optical communications equipment with a highly vertically integrated supply chain from raw materials to finished modules.
Geographies
Global, North America, Asia, Europe
Customer Segments
Telecommunications, Industrial Manufacturing, Semiconductor Capital Equipment, Consumer Electronics
Upstream Dependencies
Raw chemical suppliers, Specialty gas providers, Semiconductor fabrication equipment, Rare earth mineral suppliers
Downstream Customers
Cloud infrastructure providers, Telecom carriers, Automotive manufacturers, Medical device companies, Consumer electronics OEMs
Competitors & Partners
Competitors
Subsidiaries
Coherent
Legacy laser business acquired and integrated into the corporate structure
II-VI Incorporated
The predecessor entity name prior to the rebranding as Coherent Corp.
Coherent FAQ
Common questions about Coherent
Coherent Corp. is a vertically integrated manufacturer specializing in the development and production of lasers, transceivers, and engineered materials. The company leverages a deep technology stack in materials science and optoelectronics to serve critical infrastructure in communications, industrial manufacturing, and electronics. Their value proposition centers on high-performance optical components and systems that enable advanced data transmission and precision manufacturing processes.
Coherent (COHR) has a market capitalization of $65.6B and trades on NYSE.
Coherent generated $6.6B in trailing twelve-month revenue with net income of $580.2M, representing a net margin of 8.8%. Gross margin stands at 36.8%, with free cash flow of -$537.2M. These figures are based on the Q1 2026 filing.
Coherent's key competitors include Lumentum Holdings Inc., Corning Incorporated, Ciena Corporation, and others. These companies compete in similar markets and product categories.
Coherent has approximately 27,000 employees.