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Coherent Corp. (COHR)

281.86 +17.45 (+6.60%)
At close: September 4 at 4:00:02 PM EDT
282.00 +0.14 (+0.05%)
After hours: September 4 at 7:59:56 PM EDT
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What's happening with COHR?

36m ago
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Coherent (COHR) is experiencing significant growth driven by strong demand for AI-related optics, with recent earnings showing a 34% year-over-year increase. Analysts have mixed views on the stock's valuation, suggesting it may be fairly priceddespite its strong growth potential and risks associated with high capital expenditures.

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  • Previous Close 264.41
  • Open 269.69
  • Bid 280.75 x 12000
  • Ask 282.51 x 12000
  • Day's Range 264.10 - 283.85
  • 52 Week Range 95.50 - 440.00
  • Volume 4,999,192
  • Avg. Volume 6,013,873
  • Market Cap (intraday) 55.197B
  • Beta (5Y Monthly) 2.10
  • PE Ratio (TTM) 64.06
  • EPS (TTM) 4.40
  • Earnings Date Nov 4, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 415.36

Coherent Corp. develops, manufactures, and markets lasers, transceivers, other optical and optoelectronic devices, modules, and systems worldwide. Its products include critical components consisting of detectors, passive optics, thermal solutions, and PICS; silicon photonics and other advanced optical technologies; and coherent transmission components, transport products, optical amplifiers, passive optical components, optical line systems, and multi-rail platform. The company's Datacenter and Communications segment offers transceivers, co-packaged optics, and optical circuit switches, as well as other systems, such as subsystems, modules, and semiconductor devices for datacenter and communications applications; and VCSELS, EELS, pump lasers, and other components, optics, and ICs for datacenter and communication applications. Its Industrial segment offers excimer lasers, solid-state lasers, and CO2 lasers; laser systems for various industrial applications, including semiconductor capital equipment, display manufacturing, precision manufacturing, and scientific research; and laser systems and subsystems comprising high-power lasers for materials processing. This segment also provides engineered materials, laser optics, thermoelectric components, and advanced ceramic and metal-matrix composite materials and products. It markets its products and services through a direct sales force, representatives, and distributors. The company was formerly known as II-VI Incorporated and changed its name to Coherent Corp. in September 2022. Coherent Corp. was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania.

www.coherent.com

51,478

Full Time Employees

June 30

Fiscal Year Ends

Technology

Sector

Recent News

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Performance Overview

Trailing total returns as of 9/4/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

COHR
52.71%
S&P 500 (^GSPC)
12.75%

1-Year Return

COHR
194.77%
S&P 500 (^GSPC)
18.71%

3-Year Return

COHR
650.83%
S&P 500 (^GSPC)
70.93%

5-Year Return

COHR
358.38%
S&P 500 (^GSPC)
70.18%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 1.81B
Earnings 191.4M
Profit Margin 10.60%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
500M
1B
2B
-5.0%
0.0%
5.0%
10.0%

Analyst Insights

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Analyst Price Targets

280.00
415.36 Average
281.86 Current
500.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 9/1/2026
Analyst Deutsche Bank
Rating Action Initiated
Rating Buy
Price Action Announces
Price Target 400

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (5yr expected)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    11.31%

  • Return on Assets (ttm)

    3.39%

  • Return on Equity (ttm)

    7.98%

  • Revenue (ttm)

    7.12B

  • Net Income Avi to Common (ttm)

    769.9M

  • Diluted EPS (ttm)

    4.40

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    1.99B

  • Total Debt/Equity (mrq)

    31.61%

  • Levered Free Cash Flow (ttm)

    -649.98M

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