Coherent Corp.

138.06+3.82 (+2.85%)

Oct 29, 4:00:02 PM EDT · NYSE · COHR · USD

Upcoming Earnings

Report date

Nov 5, 2025 (in 6 days)

Key Stats

Market Cap

21.67B

P/E (TTM)

Basic EPS (TTM)

-0.52

Dividend Yield

Recent Filings

8-K

This credit agreement outlines terms for term and revolving loans to Coherent Corp., including interest rates, prepayment rules, financial covenants (leverage and interest coverage ratios), and events of default. Amendments adjusted loan structures and commitments. Borrowings are secured by collateral, with provisions for additional facilities and compliance requirements.

9/26/25Sep 26, 2025

The filing is a credit agreement dated July 1, 2022, as amended through Amendment No. 5, providing for term loans and revolving facilities to Coherent Corp. (formerly II-VI Incorporated). It includes definitions, borrowing terms, representations, covenants, and events of default. Key amendments extended term loans and increased revolving commitments to $700M. The agreement governs loans up to $1.25B in term facilities and $700M revolving, with maturity dates in 2029 for term B loans and 2027 for term A loans.

10-K

FY2025 results

8/15/25Aug 15, 2025

Coherent Corp. delivered FY2025 revenues of $5.8B, up 23% y/y, propelled by 51% growth in communications to $3.4B amid surging AI datacenter demand for transceivers, while industrial and electronics dipped 2% on soft automotive and precision manufacturing. Q4 momentum accelerated with Networking revenues hitting $3.4B annually, driven by datacom volumes and telecom transport, yielding 35% gross margins—up 424bps y/y—via pricing and yield gains, though offset by restructuring charges of $160M and $85M asset impairments. Segment profits soared: Networking +82% to $644M, Lasers +53% to $317M on display equipment, Materials +19% to $355M despite SiC weakness. Q4 capex moderated to $441M annually, supporting $634M operating cash flow; debt fell to $3.7B with $315M revolver availability. No FY2026 guidance disclosed. Yet tariffs on rare earths could snag quarterly supply.

8-K

Coherent's FY25 revenue jumps 23%

8/13/25Aug 13, 2025

Coherent Corp. reported fiscal 2025 revenue of $5.81 billion, up 23% year-over-year, with non-GAAP gross margin expanding 358 basis points to 37.9% and non-GAAP EPS surging 191% to $3.53. Strong networking segment growth, fueled by AI datacenter innovations like 1.6T transceivers and optical circuit switches, drove results, while the company repaid $437 million in debt. It plans to divest its Aerospace and Defense business this quarter. Q1 2026 non-GAAP EPS is guided at $0.93–$1.13.

8-K

Coherent's photonic growth blueprint

5/28/25May 28, 2025

Coherent Corp. unveiled its growth strategy at the 2025 Investor Day on May 28, targeting double-digit revenue expansion in AI datacenters and industrial markets through photonic innovations like optical transceivers and lasers. FY25 revenue is set to surge 22.8% to $5,781 million, with EPS jumping 2.8x to $3.45 and gross margins hitting 37.9%. Over three to four years, the firm eyes 10-15%+ CAGR, gross margins above 42%, and operating margins over 24%. Tariffs pose minimal Q4 FY25 risk, yet integration hurdles linger.

10-Q

Q3 FY2025 results

5/7/25May 7, 2025

Coherent Corp. posted Q3 FY2025 revenues of $1.50B, up 24% y/y from $1.21B, fueled by 45% growth in Networking to $897M on AI datacenter and telecom demand, while Lasers edged up 4% to $364M from display and semiconductor equipment volumes; Materials dipped 1% to $237M amid consumer electronics softness. Gross margin expanded to 35% from 30%, lifting operating income to $10M versus a $32M loss, though diluted EPS stayed at -$0.11 due to preferred dividends. YTD through March 31, 2025, revenues hit $4.28B, up 26% y/y, with net income of $128M and diluted EPS of $0.30 on 159M shares. Cash from operations reached $503M, funding $310M capex and $386M debt paydown, leaving $890M cash and $315M revolver availability against $3.73B debt. Restructuring charges hit $74M from site closures. Tariffs on rare earth imports pose supply risks.

About

Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components and devices, and laser systems for the use in the industrial, communications, electronics, and instrumentation markets worldwide. It operates through three segments: Networking, Materials, and Lasers. The Networking segment offers transceivers, systems, subsystems, modules, components, optics, and semiconductor devices for datacenter and communications applications. The Materials segment provides engineered materials, laser optics, thermoelectric components, and advanced ceramic and metal-matrix composite materials and products; and vertical-cavity surface-emitting laser, edge-emitting laser, pump lasers, high-power lasers for materials processing, and integrated circuit. The Laser segment offers excimer lasers, solid-state lasers, CO2 lasers, and laser systems for various industrial applications, including semiconductor capital equipment, display manufacturing, precision manufacturing, and scientific research; and laser systems and subsystems. It markets its products and services through 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.

CEO

Mr. James Robert Anderson

IPO

10/2/1987

Website

https://www.coherent.com

Employees

30,216

Sector

Technology

Industry

Scientific & Technical Instruments