COHERENT CORP. COHR

Technology SIC 3827 - Optical Instruments & Lenses NAICS Manufacturing › Machinery Manufacturing › Commercial and Service Industry Machinery Manufacturing derived NYSE

Coherent Corp. ("Coherent," the "Company," "we," "us," or "our"), is a vertically integrated manufacturing company that develops, manufactures, and markets lasers, transceivers, and other optical and optoelectronic devices, modules, and systems, as well as engineered materials, for use in the data center, communications and industrial markets. Our headquarters are located at 375 Saxonburg Boulevard, Saxonburg, Pennsylvania 16056, USA. Our telephone number is +1-724-352-4455. Reference to "Coherent," the "Company," "we," "us," or "our" in this Annual Report on Form 10-K, unless the context requires otherwise, refers to Coherent Corp. and its wholly owned subsidiaries.

The following defined terms are used in this Annual Report on Form 10-K: artificial intelligence (AI); bismuth telluride (Bi2Te3); carbon dioxide (CO2); continuous wave (CW); co-packaged optics (CPO); datacenter interconnect (DCI); deep ultraviolet (DUV); digital signal processor (DSP); edge-emitting laser (EEL); electron-absorption modulated laser (EML); environmental, social, and governance (ESG); fifth-generation (5G) wireless; fourth-generation (4G) wireless; gallium arsenide (GaAs); gallium antimonide (GaSb), gallium nitride (GaN); gigabit per second (G); high-definition multimedia interface (HDMI); high-electron-mobility transistor (HEMT); indium phosphide (InP); infrared (IR); integrated circuit (IC); intellectual property (IP); kilowatt (kW); light-emitting diode (LED); machine learning (ML); millimeter (mm); nanometer (nm); near-infrared (NIR); optical circuit switches (OCS); optically pumped semiconductor laser (OPSL); organic light-emitting diode (OLED); original equipment manufacturer (OEM); photonic integrated circuits (PICs); polymerase chain reaction (PCR); printed circuit board (PCB); radio frequency (RF); research and development (R&D); silicon carbide (SiC); terabit per second (T); three-dimensional (3D); ultraviolet (UV); vertical-cavity surface-emitting laser (VCSEL); virtual reality (VR); watt (W); wavelength selective switching (WSS); zinc selenide (ZnSe); and zinc sulfide (ZnS).

Last close 209.29 2026-10-23
Market cap $40.99B 2026-06-30 share count
52-week range 123.75 - 440.00

Valuation FY2026 figures against the last close

P/S5.8x
P/E50.8x
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS4.12

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • North America
  • Europe
  • China
  • Rest of World
  • Japan
Revenue by geography, 5 categories over 3 years. The same figures are in the table below. FY2026 North America, FY2026: 4.6B (65.1%) 65% North America Europe, FY2026: 814.2M (11.4%) 11% Europe China, FY2026: 813.4M (11.4%) 11% China Rest of World, FY2026: 466.6M (6.6%) 7% Japan, FY2026: 390.4M (5.5%) 5% Japan FY2025 North America, FY2025: 3.6B (61.4%) 61% Europe, FY2025: 698.8M (12.0%) 12% China, FY2025: 680.1M (11.7%) 12% Rest of World, FY2025: 475.7M (8.2%) 8% Japan, FY2025: 390.6M (6.7%) 7% FY2024 North America, FY2024: 2.6B (55.7%) 56% Europe, FY2024: 714.3M (15.2%) 15% China, FY2024: 621.9M (13.2%) 13% Rest of World, FY2024: 408.1M (8.7%) 9% Japan, FY2024: 340.9M (7.2%) 7%
Region FY2026FY2025FY2024
North America $4.63B $3.56B $2.62B
Europe $814.2M $698.8M $714.3M
China $813.4M $680.1M $621.9M
Rest of World $466.6M $475.7M $408.1M
Japan $390.4M $390.6M $340.9M

As the company reported it, from the “Segment and Geographic Reporting - Schedule of Segment Assets (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Datacenter & Communications
  • Industrial
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2026 Datacenter & Communications, FY2026: 5.3B (74.1%) 74% Datacenter & Communications Industrial, FY2026: 1.8B (25.9%) 26% Industrial FY2025 Datacenter & Communications, FY2025: 3.8B (64.6%) 65% Industrial, FY2025: 2.1B (35.4%) 35% FY2024 Datacenter & Communications, FY2024: 2.6B (55.9%) 56% Industrial, FY2024: 2.1B (44.1%) 44%
Segment FY2026FY2025FY2024
Datacenter & Communications $5.27B $3.76B $2.63B
Industrial $1.84B $2.05B $2.08B

As the company reported it, from the “Revenue from Contracts with Customers - Schedule of Disaggregated Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $7.12B$5.81B$4.71B$5.16B$3.32B$3.11B$2.38B$1.36B$1.16B$972.0M
Cost of revenue $4.45B$3.77B$3.25B$3.54B$2.05B$1.93B$1.59B$841.1M$696.6M$583.7M
Gross profit $2.67B$2.04B$1.46B$1.62B$1.27B$1.18B$791.2M$521.3M$462.2M$388.4M
R&D $723.0M$581.9M$478.8M$499.6M$377.1M$330.1M$339.1M$139.2M$116.9M$96.8M
SG&A $1.04B$926.5M$854.0M$1.04B$474.1M$445.2M$412.6M$233.5M$208.6M$176.0M
Total operating expenses $6.27B$5.72B$4.86B$5.52B$3.03B$2.75B$2.44B$1.23B$1.04B$853.3M
Operating income ——$96.1M-$37.1M$414.3M$402.1M$39.5M$148.7M$136.8M$115.6M
Interest expense ———$286.9M$121.3M$59.9M$89.4M$22.4M$18.4M$6.8M
Pre-tax income $847.7M$94.2M-$147.6M-$355.6M$281.8M$352.6M-$63.9M$128.8M$122.2M$118.8M
Income tax $60.8M$64.1M$11.1M$96.1M$47.0M$55.0M$3.1M$21.3M$34.2M$23.5M
Net income $805.0M$49.4M-$156.2M-$259.5M$234.8M$297.6M-$67.0M$107.5M$88.0M$95.3M
EPS, basic 4.34-0.52-1.84-2.931.572.50-0.791.691.411.52
EPS, diluted 4.12-0.52-1.84-2.931.452.37-0.791.631.351.48
Shares, diluted (wtd. avg.) 195.4M154.8M151.6M137.6M116.5M115.0M84.8M65.8M65.1M64.5M

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $1.16B$909.2M$1.79B$837.6M$2.58B$1.59B$493.0M$204.9M$247.0M$271.9M
Short-term investments $825.0M$0————————
Receivables $1.34B$964.1M$848.5M$901.5M$700.3M$659.0M$598.1M$269.6M$215.0M$193.4M
Inventory $2.58B$1.44B$1.29B$1.27B$902.6M$695.8M$619.8M$296.3M$248.3M$203.7M
Total current assets $6.93B$3.93B$3.66B$3.25B$4.31B$3.03B$1.79B$812.9M$761.8M$702.3M
Property, plant and equipment $3.00B$1.88B—————$582.8M$524.9M$367.7M
Goodwill $4.38B$4.47B$4.46B$4.51B$1.29B$1.30B$1.24B$319.8M$270.7M$250.3M
Other intangibles $2.88B$3.20B$3.50B$3.81B$635.4M$718.5M$758.4M$139.3M$125.1M$134.0M
Total assets $18.30B$14.91B$14.49B$13.71B$7.84B$6.51B$5.23B$1.95B$1.76B$1.48B
Accounts payable $1.91B$847.0M$631.5M$405.3M$434.9M$294.5M$268.8M$104.5M$89.8M$65.5M
Short-term debt $7.9M$188.3M$73.8M$74.8M$403.2M$62.0M$69.2M$23.8M$20.0M$20.0M
Total current liabilities $2.85B$1.79B$1.34B$1.08B$1.27B$729.6M$672.9M$270.6M$236.5M$185.0M
Long-term debt $3.21B$3.50B$4.03B$4.23B$1.90B$1.31B$2.19B$443.2M$419.0M$322.0M
Total liabilities $7.06B$6.43B$6.54B$6.48B$3.46B$2.38B$3.16B$820.6M$737.4M$576.7M
Retained earnings $1.35B$584.4M$664.9M$944.4M$1.35B$1.14B$876.6M$943.6M$836.1M$748.1M
Total equity $10.90B$5.64B$5.58B$4.99B$3.62B$3.41B$2.08B$1.13B$1.02B$900.6M

Cash flow

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $79.5M$633.6M$545.7M$634.0M$413.3M$574.4M$297.3M$178.5M$161.0M$118.6M
Depreciation and amortisation $241.6M$250.8M$271.6M$267.6M$207.1M$187.8M$156.7M$75.7M$66.2M$50.9M
Stock-based compensation $186.5M$160.2M$126.0M$148.9M$73.2M$71.0M$68.5M$21.9M$15.3M$11.8M
Capital expenditure $1.10B$440.8M$346.8M$436.1M$314.3M$146.3M$136.9M$137.1M$153.4M$138.5M
Investing cash flow -$1.41B-$414.2M-$350.7M-$5.93B-$320.1M-$173.0M-$1.18B-$224.0M-$284.9M-$177.2M
Financing cash flow $1.48B-$451.7M$758.3M$3.55B$863.0M$675.7M$1.17B$4.9M$97.0M$111.6M
Buybacks ————$0$0$1.6M$1.6M$49.9M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000820318-26-000020.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B 6B 8B Revenue, FY2017: 972M Gross profit, FY2017: 388.4M Net income, FY2017: 95.3M Revenue, FY2018: 1.2B Gross profit, FY2018: 462.2M Net income, FY2018: 88M Revenue, FY2019: 1.4B Gross profit, FY2019: 521.3M Net income, FY2019: 107.5M Revenue, FY2020: 2.4B Gross profit, FY2020: 791.2M Net income, FY2020: -67M Revenue, FY2021: 3.1B Gross profit, FY2021: 1.2B Net income, FY2021: 297.6M Revenue, FY2022: 3.3B Gross profit, FY2022: 1.3B Net income, FY2022: 234.8M Revenue, FY2023: 5.2B Gross profit, FY2023: 1.6B Net income, FY2023: -259.5M Revenue, FY2024: 4.7B Gross profit, FY2024: 1.5B Net income, FY2024: -156.2M Revenue, FY2025: 5.8B Gross profit, FY2025: 2B Net income, FY2025: 49.4M Revenue, FY2026: 7.1B Gross profit, FY2026: 2.7B Net income, FY2026: 805M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue $972.0M $1.16B $1.36B $2.38B $3.11B $3.32B $5.16B $4.71B $5.81B $7.12B
Gross profit $388.4M $462.2M $521.3M $791.2M $1.18B $1.27B $1.62B $1.46B $2.04B $2.67B
Net income $95.3M $88.0M $107.5M -$67.0M $297.6M $234.8M -$259.5M -$156.2M $49.4M $805.0M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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