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Coherent COHR Industrial — Impairment of assets held-for-sale

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Other financials

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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Operating cash flow$57.9M-69.1%
CapEx$289.7M+159%
Free cash flow-$383.5M-850%

Valuation

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Market cap$63.61B+260%
Enterprise value$64.81B+225%
P/E109.6×
P/S9.6×+6.6×

Profitability

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Gross margin36.8%+2.3pp
Net margin1.7%+1.0pp
FCF margin-8.1%-12.7pp

Returns & leverage

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Return on equity1.8%+1.0pp
Debt / equity0.3×-0.4×
Current ratio+0.6×

Where this comes from

Reported directly by Coherent in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfLongLivedAssetsToBeDisposedOf.

The source filing: Coherent’s 10-Q, filed February 4, 2026.

Filed
Feb 4, 2026, 4:06 PM EST
Fiscal quarter
Q2 FY2026
Calendar quarter
Q4 2025
Accession
0000820318-26-000006

In the three and six months ended December 31, 2025, the Company recorded additional non-cash impairment charges of $11 million and $20 million, respectively, within the Industrial segment related to entities that continued to be classified as held-for-sale at December 31, 2025. The charges were recorded in Impairment of assets held-for-sale in the Condensed Consolidated Statements of Earnings (Loss) for the first and second quarters of fiscal 2026 to reduce the carrying value of entities classified as held-for-sale to their estimated fair value. On January 30, 2026, the Company completed the sale of its product division based in Munich, Germany that makes tools for materials processing.

Item 1. FINANCIAL STATEMENTS

FAQ

What is Coherent's industrial — impairment of assets held-for-sale?
Coherent (COHR) reported industrial — impairment of assets held-for-sale of $11M in Q4 2025.
What does industrial — impairment of assets held-for-sale mean?
Measures the write-down of the carrying value of assets within the Industrial segment that have been designated as held-for-sale. This occurs when the expected fair value of the assets, less costs to sell, falls below their current book value. It serves as a signal of strategic divestment or the rationalization of the segment's asset base.

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