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Coherent Corp.

COHR

Coherent Corp. is a vertically integrated manufacturer of lasers, optical and optoelectronic devices, and engineered materials.

Market cap
$57.65B+308%
Revenue$7.1B+22.5%
Net income$805.0M+734%
Free cash flow-$1.0B-628%
EPS (diluted)$4.12+877%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$2.3B
EPS estimate$1.96

Financials

Q4 2026

Income statement

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Revenue$2.0B+33.7%
Gross profit$787.1M+44.1%
Net income$240.5M
EPS (diluted)$1.20+246%

Balance sheet

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Cash & equivalents$1.2B-28.8%
Total debt$3.6B-9.1%
Total equity$10.9B+93.2%
Total assets$18.3B+22.7%

Cash flow

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Operating cash flow$69.5M-46.7%
CapEx$555.7M+323%
Free cash flow-$486.2M

Valuation & ratios

Valuation

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Market cap$57.65B+308%
Enterprise value$60.04B+266%
P/E71.6×
P/S8.1×+5.7×

Profitability

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Gross margin37.5%+2.3pp
Net margin11.3%
FCF margin-14.4%-17.7pp

Returns & leverage

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Return on equity9.7%
Debt / equity0.3×-0.4×
Current ratio2.4×+0.2×

Segments

By geography

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North America$1.4B+45.9%
Europe$215.0M+13.5%
Rest of World$109.2M

Competitors

Profile

Coherent Corp. is a vertically integrated manufacturer of lasers, optical and optoelectronic devices, and engineered materials. The company serves high-growth markets including data centers, telecommunications, industrial manufacturing, and semiconductor capital equipment. Its core value proposition lies in a deep technology stack ranging from specialty materials growth to complex system-level modules like transceivers and high-power laser systems.

Competitive position

A leading global provider of lasers and optical communications components with a highly vertically integrated supply chain from materials to systems.

GeographiesUnited States, Global
Customer segmentsHyperscale Data Centers, Industrial Manufacturers, Semiconductor Foundries, Life Sciences
Business modelVertically Integrated Manufacturing, Hardware OEM, IP Licensing
SuppliersRaw chemical suppliers, Semiconductor wafer substrates, Specialty gas providers
CustomersCloud infrastructure providers, Automotive manufacturers, Consumer electronics brands, Medical diagnostic equipment providers
Listed1987
Employees27.0K
CEOJames Robert Anderson
Websiteii-vi.com
FilingsSEC EDGAR

FAQ

What is Coherent Corp.'s market cap?
Coherent Corp. (COHR) has a market capitalization of $57.6B and trades on NYSE.
What is Coherent Corp.'s revenue and profitability?
Coherent Corp. generated $7.1B in trailing twelve-month revenue with net income of $805.0M, representing a net margin of 11.3%. Gross margin stands at 37.5%, with free cash flow of -$1.0B. These figures are based on the Q2 2026 filing.
Who are Coherent Corp.'s competitors?
Coherent Corp.'s key competitors include Lumentum Holdings Inc., IPG Photonics Corp., Wolfspeed, Inc., and others. These companies compete in similar markets and product categories.
Where is Coherent Corp. headquartered?
Coherent Corp. is headquartered in United States of America and employs approximately 27,000 people. It has been publicly traded since 1987.