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Coherent

COHR

Coherent Corp. is a vertically integrated manufacturer specializing in the development and production of lasers, transceivers, and engineered materials.

Market cap
$62.03B+326%
Revenue$6.6B+18.0%
Net income$580.2M+758%
Free cash flow-$537.2M-310%
EPS (diluted)$2.10+1,013%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 12, 2026 (in a month)
Revenue estimate$2.0B
EPS estimate$1.62

Financials

Q3 2026

Income statement

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Revenue$1.8B+20.5%
Gross profit$679.9M+28.9%
Net income$191.4M+1,118%
EPS (diluted)$0.97+982%

Balance sheet

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Cash & equivalents$2.2B+36.9%
Total debt$3.4B-13.2%
Total equity$10.7B+99.5%
Total assets$17.3B+19.7%

Cash flow

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CapEx$289.7M+159%
Free cash flow-$383.5M-850%

Valuation & ratios

Valuation

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Market cap$62.03B+326%
Enterprise value$63.23B+287%
P/E106.9×
P/S9.4×+7.0×

Profitability

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Gross margin36.8%+2.3pp
FCF margin-8.1%-12.7pp

Returns & leverage

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Debt / equity0.3×-0.4×
Current ratio+0.6×

Segments

By segment

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Datacenter & Communications$1.4B
Industrial$444.0M

By geography

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North America$1.2B+23.3%
Europe$214.9M+24.1%

Competitors

Profile

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.

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.

GeographiesGlobal, North America, Asia, Europe
Customer segmentsTelecommunications, Industrial Manufacturing, Semiconductor Capital Equipment, Consumer Electronics
Business modelVertically integrated manufacturing, Hardware OEM, B2B Industrial Sales
SuppliersRaw chemical suppliers, Specialty gas providers, Semiconductor fabrication equipment, Rare earth mineral suppliers
CustomersCloud infrastructure providers, Telecom carriers, Automotive manufacturers, Medical device companies, Consumer electronics OEMs
Listed1987
Employees27.0K
CEOJames Robert Anderson
Websiteii-vi.com
FilingsSEC EDGAR

Questions, answered.

What is Coherent's market cap?
Coherent (COHR) has a market capitalization of $62.0B and trades on NYSE.
What is Coherent's revenue and profitability?
Coherent generated $6.6B in trailing twelve-month revenue with net income of $580.2M, representing a net margin of 1.7%. Gross margin stands at 36.8%, with free cash flow of -$537.2M. These figures are based on the Q1 2026 filing.
Who are Coherent's competitors?
Coherent's key competitors include Lumentum Holdings Inc., IPG Photonics Corporation, Wolfspeed, Inc., and others. These companies compete in similar markets and product categories.
What subsidiaries does Coherent have?
Coherent's subsidiaries include Coherent, II-VI Incorporated.
Where is Coherent headquartered?
Coherent is headquartered in United States of America and employs approximately 27,000 people. It has been publicly traded since 1987.