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Coherent Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Coherent holds $17.3B in total assets. Shareholders' equity is $10.7B against $3.4B in total debt. Cash and equivalents total $2.2B. The current ratio is 3.05 and debt-to-equity is 0.321. Based on the Q1 2026 filing.

Total Assets$17.3BTotal Stockholders Equity$10.7BLong Term Debt$3.2BCash And Equivalents$2.2BTotal Current Assets$6.4BTotal Current Liabilities$2.1B
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$71.1B
P/E Ratio122.60
ROE1.81%

Current Liabilities

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Accounts payable$689.9M$777.3M$847M$953.9M$1.1B$1.3B
Accrued Manufacturing Costs$213.5M$242.3M$258.7M$210.4M$243.1M$276.6M
Accrued Progress Collections and Price Adjustments$13M$11M—$5M$7M$11M
Accrued Income Taxes, Current$99M$117.3M$123.8M$164.3M$128M$99.2M
Compensation and benefits$213.5M$242.3M$258.7M$210.4M$243.1M$276.6M
Current portion of long-term debt$27.2M$4.7M$188.3M$48.4M$106.5M$9M
Deferred revenue$52M$69M—$59M$58M$59M
Operating lease liabilities, current$41M$42.7M$41.6M$41.4M$43M$52.4M
Total current liabilities$1.3B$1.5B$1.8B$1.7B$2B$2.1B

Current Assets

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Accounts receivable, net$891.8M$1B$964.1M$1B$1.1B$1.2B
Allowance for Doubtful Accounts$8.2M$10.2M$12.2M$13.3M$12.9M$13.1M
Cash and cash equivalents$1.7B$1.6B$1.6B$1.6B$1.5B$2.2B
Finished goods$228M$225.1M$218.6M$211.5M$265.9M$275.3M
Income taxes receivable$24.2M$24.9M$55.8M$44.8M$44.1M$45.5M
Raw materials$386.5M$420.6M$394.7M$468.2M$484.6M$613.4M
Work in process$730.1M$745.9M$824.4M$952.9M$1.1B$1.2B
Inventories$1.3B$1.4B$1.4B$1.6B$1.8B$2.1B
Prepaid expenses and other current assets$307.3M$364.1M$551.6M$462M$547.6M$625.3M
Restricted cash$11.8M$19.1M$8.9M$22.5M$35.5M$42M
Total current assets$3.5B$3.7B$3.9B$4B$4.4B$6.4B

Equity

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Accumulated other comprehensive income (loss)-$159.7M-$11.3M$372M$339.7M$355.3M$241.6M
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$5B$5B$5.1B$5.1B$7.7B$9.7B
Shareholders Equity, Excluding Treasury Stock$5.5B$5.7B$6B$6.2B$9B$11.1B
Retained earnings$730.1M$713.1M$584.4M$777.2M$922.3M$1.1B
Temporary Equity Attributable to Parent$2.4B$2.5B$2.5B$2.5B$0$0
Total liabilities and stockholders' equity$14.2B$14.4B$14.9B$14.7B$15.1B$17.3B
Total stockholders' equity$5.2B$5.4B$5.6B$5.8B$8.5B$10.7B
Treasury stock$359.3M$363M$368.1M$405.5M$412.7M$419.6M

Non-Current Liabilities

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Contract Liabilities, Non-Current$13M$11M—$5M$7M$11M
Long-term debt$3.8B$3.7B$3.5B$3.3B$3.2B$3.2B
Deferred revenue, net of current portion$13M$11M—$5M$7M$11M
Operating lease liabilities, non-current$163.3M$170M$165.2M$156.7M$151.6M$178.9M
Other non-current liabilities$214M$208.1M$259.3M$229.9M$208.1M$188.2M
Total liabilities$6.2B$6.3B$6.4B$6B$6.2B$6.3B

Other

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Cumulative Cost Basis——$3.5B—$3.8B$4.2B
Allowance for doubtful accounts$8.2M$10.2M$12.2M$13.3M$12.9M$13.1M
Common stock, shares authorized (in shares)300M300M300M300M300M300M
Common stock, shares issued (in shares)171.1M171.6M171.8M173.7M204.2M212.3M
Contract with Customer, Liability$65M$80M—$64M$65M$70M
Deferred income taxes$712.8M$673.8M$711.7M$629.5M$643.3M$605.8M
Finite-Lived Intangible Assets, Accumulated Amortization$1.1B$1.2B$1.3B$1.3B$1.4B$1.5B
Gross Carrying Amount$4.4B$4.5B$4.5B$4.5B$4.5B$4.4B
Noncontrolling interests in subsidiaries$368.1M$354.6M$353.5M$351.9M$349M$338.7M
Operating Lease Weighted Average Discount Rate Percent7.0%7.0%—7.0%6.9%6.6%
Other accrued liabilities$238.6M$312.6M$335.6M$317.6M$312M$332.8M
Preferred Stock, Shares Authorized5M5M—5M5M5M
Series B redeemable convertible preferred stock redemption value$2.5B$2.5B$2.5B$2.6B$0$0
Temporary Equity Shares Issued215K215K215K215K00
Temporary Equity Shares Outstanding215K215K215K215K00
Treasury stock, shares (in shares)16.2M16.2M16.3M16.7M16.8M16.8M
Unrecognized tax benefits$115M$121M$124M$63M$67M$68M
Penalties and interest accrued on unrecognized tax benefits$9M$10M$9M$6M$7M$7M
Amount that if recognized, would affect the effective tax rate or regulatory liability$19M$20M—$5M$6M$6M
Weighted-Average Discount Rate - Finance Leases5.6%5.6%—5.6%5.6%5.6%

Non-Current Assets

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Deferred Tax Assets and Other Non-Current Assets$313M$298.8M$662.2M$373M$351.8M$397.7M
Goodwill$4.4B$4.5B$4.5B$4.5B$4.5B$4.4B
Deferred tax assets$53.6M$52.6M$53.4M$53.9M$69.1M$72.1M
Intangible assets — net$3.3B$3.3B$3.2B$3.1B$3.1B$3B
Other non-current assets$313M$298.8M$662.2M$373M$351.8M$397.7M
Property, plant and equipment, net$1.9B$1.9B$1.9B$1.9B$2.1B$2.4B
Property, plant and equipment at cost——$3.5B—$3.8B$4.2B
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)——$0——$825M
Accumulated depreciation$1.6B$1.7B$1.6B$1.7B$1.7B$1.7B
Property and equipment, net——$1.9B—$2.1B$2.4B
Software and Technology Licenses, Net$313M$298.8M$662.2M$373M$351.8M$397.7M
Total assets$14.2B$14.4B$14.9B$14.7B$15.1B$17.3B