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Coherent Income Statement

Revenue, expenses, and profitability over time

Coherent generated $6.6B in trailing twelve-month revenue, up 0.2% year-over-year. Net income was $580.2M with a 1.73% net margin. Diluted EPS is $2.10, which grew 10.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$6.6BGross Profit (TTM)$2.4BNet Income (TTM)$96.5MEps Diluted (TTM)$2.10
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$71.1B
P/E Ratio122.60
ROE1.81%

Operating Expenses

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Other Operating Expense, Net$55.8M-$4.6M—$16.5M$29.9M$28.1M
Other operating income (expense), net$55.8M-$4.6M—$16.5M$29.9M$28.1M
Impairment of assets held for sale$0$0$85M$9.1M$11M$0
Research and development$143.9M$150.7M$155.7M$154.9M$165.7M$186M
Selling, general and administrative$220.6M$231.4M$245.4M$252.1M$258.5M$267.6M
Impairment of Disposal Group$0$0$85M$9.1M$11M$0
Total operating expenses$1.3B$1.5B$1.6B$1.4B$1.5B$1.6B

Operating Income

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Other Operating Income$55.8M-$4.6M—$16.5M$29.9M$28.1M
Other operating income (expense), net$55.8M-$4.6M—$16.5M$29.9M$28.1M
Gross profit$509.4M$527.7M$546.1M$579.2M$622.8M$679.9M

Net Income

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Net income applicable to common shareholders$71.1M-$17M-$128.8M$192.9M$145.1M$191.4M
Net earnings to common$71.1M-$17M-$128.8M$192.9M$145.1M$191.4M
Net Income Available to Common Shareholders$71.1M-$17M-$128.8M$192.9M$145.1M$191.4M
Net income$103.4M$15.7M—$226.3M$146.7M$191.4M
Preferred stock dividends$32.3M$32.7M$33.1M$33.5M$1.6M$0
Net income attributable to common stock$71.1M-$17M-$128.8M$192.9M$145.1M$191.4M

Other

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Reclassifications Net of Tax$71.1M-$17M-$128.8M$192.9M$145.1M$191.4M
Gain on sale of business and assets$0$0—$115.2M$0$8.9M
Other income, net$55.8M-$4.6M—$16.5M$29.9M$28.1M
Revenue From Contract With Customer Excluding Assessed Tax$1.4B$1.5B$1.5B$1.6B$1.7B$1.8B

Earnings Per Share

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Basic earnings per share$0.46$-0.11$-0.83$1.24$0.87$1.01
Diluted earnings per share$0.44$-0.11$-0.82$1.19$0.76$0.97

Other Income & Expense

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Gain on Sale of Business$0$0—$115.2M$0$8.9M
Impairment of Assets Held for Sale$0$0$85M$9.1M$11M$0
Interest expense$64.3M$57.3M$55M$58.7M$45.9M$44.6M

Income Before Tax

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Income before income taxes$128.4M$9.9M—$216.9M$168M$184.3M

Tax

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Income tax expense$26.9M$8.1M$34.7M-$8.3M$24.2M$2.7M

Cost of Revenue

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Total cost of revenue$925.3M$970.2M$983.3M$1B$1.1B$1.1B

Revenue

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Total revenue$1.4B$1.5B$1.5B$1.6B$1.7B$1.8B