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Coherent Corp. (COHR)

Coherent is a vertically integrated manufacturer of lasers, transceivers and other optical and optoelectronic devices, modules and systems, along with engineered materials, sold into data centre, communications and industrial markets. Its technical base runs from growing and fabricating specialty materials through semiconductor and high power lasers, passive optics, transceivers and transport equipment, and many products carry custom software developed in-house. Headquarters are in Saxonburg, Pennsylvania, and the financial year ends on 30 June. Effective 1 July 2025 the company realigned its structure into two reportable segments, Datacenter and Communications, and Industrial, replacing the former Networking, Materials and Lasers segments, with prior periods restated.

Coherent Corp.

Coherent is a vertically integrated manufacturer of lasers, transceivers and other optical and optoelectronic devices, modules and systems, along with engineered materials, sold into data centre, communications and industrial markets. Its technical base runs from growing and fabricating specialty materials through semiconductor and high power lasers, passive optics, transceivers and transport equipment, and many products carry custom software developed in-house. Headquarters are in Saxonburg, Pennsylvania, and the financial year ends on 30 June. Effective 1 July 2025 the company realigned its structure into two reportable segments, Datacenter and Communications, and Industrial, replacing the former Networking, Materials and Lasers segments, with prior periods restated.

Datacenter and communications

The segment sells transceivers, co-packaged optics, optical circuit switches and other systems, subsystems, modules and semiconductor devices, along with vertical-cavity surface-emitting lasers, edge-emitting lasers, pump lasers, optics and integrated circuits. Artificial intelligence and machine learning are pushing data centre build-out and with it demand for optical connectivity with more bandwidth, lower latency and better power efficiency. The company supplies optical transceivers for AI data centre and networking use with a protocol-agnostic portfolio covering Ethernet, InfiniBand, NVIDIA NVLink and other architectures, designing and making in-house both the transceivers and many of their critical components, including lasers, detectors, integrated circuits, passive optics, thermal solutions and photonic integrated circuits. Indium phosphide is the foundation technology for the next generation of AI optical interconnects, and six-inch indium phosphide capacity is being expanded in the United States and Europe alongside several six-inch gallium arsenide facilities. On the communications side the portfolio covers coherent transmission components and transceivers, transport products, optical amplifiers, passive optical components, optical line systems and a multi-rail platform, sold to component and module makers, networking equipment manufacturers, data centre operators, enterprises and telecom carriers.

Fiscal 2026 moves

During fiscal 2026 the company announced an expansion of its Sherman, Texas plant, signed a multi-year supply agreement with NVIDIA for advanced lasers and optical networking products for AI infrastructure, and received a preliminary memorandum of terms under the CHIPS and Science Act to support the Sherman expansion.

Industrial

The segment sells excimer, solid-state and carbon dioxide lasers and laser systems, high-power lasers for materials processing, and engineered materials, laser optics, thermoelectric components and advanced ceramic and metal-matrix composites. In precision manufacturing the products reach medical device manufacturing, machine tools, consumer goods and industrial electronics, covering applications from electric vehicle battery welding and additive manufacturing to high-temperature superconducting wire. For semiconductor capital equipment, metal-matrix composites and reaction-bonded ceramics meet demands for tight tolerance, thermal stability and fast wafer transfer, while solid-state and excimer lasers handle inspection, carbon dioxide lasers handle wafer annealing, and other lasers serve advanced packaging tasks such as cutting, drilling, optical debonding and marking. In display capital equipment, excimer laser annealing systems serve low-temperature polysilicon OLED production and ultraviolet lasers serve cutting and next-generation microLED work. In life sciences the company integrates from crystals and materials through components and subassemblies for flow cytometry, genome sequencing and polymerase chain reaction instruments, and supplies semiconductor laser bars and stacks for medical treatments.

Operations and supply

Principal United States production and research sites sit in California, Connecticut, Delaware, New Jersey, Pennsylvania and Texas, with non-United States sites in China, Finland, Germany, Malaysia, the Philippines, Singapore, South Korea, Sweden, Switzerland, the United Kingdom and Vietnam, supported by contract manufacturers and strategic suppliers and by sales and marketing subsidiaries in eight further countries. Raw materials include indium phosphide substrates, integrated circuits, digital processors, mechanical housings and optical components, generally available from several sources, though the Industrial segment buys some exotic materials, crystals and optics from sole-source or limited-source suppliers, and rare-earth materials are used in some processes.

Selling and people

Products go out through a direct sales force and through representatives and distributors worldwide, with sales and strategic marketing centralised, supported by a technical sales team that helps customers design, test and qualify the parts into their own systems. Some customers are in aerospace and defence and in turn contract with government bodies. Two customers each contributed more than 10% of revenue in fiscal 2026. At 30 June 2026 the company employed approximately 51,000 people worldwide.

From Coherent's annual report on Form 10-K for the year ended 30 June 2026. The filing

Compare with another name What $10,000 in Coherent became

Latest results

Latest quarterQ1 FY2027ended 30 September 2026 · 10-Q filed 4 November 2026
Revenue
$2.4 billion
+49.9% on the year · +15.9% on the quarter
Q2 FY2025Q1 FY2027
Net income
$385 million
+69.9% on the year · +59.9% on the quarter
Q2 FY2025Q1 FY2027
Diluted EPS
$1.90
+59.7% on the year · +59.7% on the quarter
Q2 FY2025Q1 FY2027

this quarterthe same quarter a year earlierHover a bar for its figure.

Last full yearFY2026ended 30 June 2026 · 10-K filed 14 August 2026
Revenue
$7.1 billion
+22.5% on the year
FY2019FY2026
Net income
$805 million
+1,530.7% on the year
FY2019FY2026
Diluted EPS
$4.12
FY2019FY2026

this yearthe year beforeHover a bar for its figure.

The years before, in wordsCoherent (COHR) reported revenue of $7.1 billion for fiscal 2026, the year ended 30 June 2026, up 22.5% on the year before. Net income was $805 million and diluted earnings per share $4.12. Revenue was $5.8 billion in fiscal 2025, $4.7 billion in fiscal 2024, $5.2 billion in fiscal 2023 and $3.3 billion in fiscal 2022. Net income in the same years was $49 million, a loss of $156 million, a loss of $259 million and $235 million. Over the twelve months to 30 September 2026, Coherent reported revenue of $7.9 billion and net income of $963 million. Revenue grew 18.0% a year, compounded, over the five years to fiscal 2026. Coherent had 197 million shares outstanding at the latest filed count. At 30 September 2026 it carried $4.0 billion of debt and $1.6 billion of cash. At the close of 6 November 2026 the market cap of Coherent was $38.0 billion, 40.0 times its earnings over the last twelve months.

Ratios

From the filings

ROE8.5%
ROCE6.5%
Operating margin12.5%
Net margin12.2%
FCF margin-23.2%
Interest covern/a
Debt to equity0.35x
Cash conversion-0.06x
Share count, last 12 months25.3%
Sales CAGR, 3 years11.3%
Profit CAGR, 3 yearsn/a
EPS, TTM$4.82

At the close of 6 November 2026

Price$192.87
Market cap$38.0 billion
Stock P/E40.0x
Price to book3.4x
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales4.8x
52-week high$426.89
52-week low$135.61
Price, 1 year21.1%
Price CAGR, 3 years80.5%
Price CAGR, 5 years24.6%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Coherent Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
COHRgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q2 FY2022Q3 FY2022Q4 FY2022 * †Q1 FY2023Q2 FY2023 †Q3 FY2023 †Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *Q1 FY2027
Revenue8078288871,3451,3701,2401,2051,0531,1311,2091,3141,3481,4351,4981,5291,5811,6861,8062,0462,370
Cost of revenue4965065619019598208627467818428828889259709831,0021,0631,1261,2581,443
Gross profit311322326444411420343307351366432460509528546579623680787928
Gross margin39%39%37%33%30%34%28%29%31%30%33%34%36%35%36%37%37%38%38%39%
R&D95.396.995.9121129126123113111127127132144151156155166186216237
SG&A118118116280274226256212209205228229221231245252258268266305
Operating income98.210711442.58.267.4-155-21.331.922.363.219.31289.9-63.4217168184279359
Operating margin12%13%13%3%1%5%-13%-2%3%2%5%1%9%1%-4%14%10%10%14%15%
Interest expense17.143.548.561.970.975.278.973.374.772.8n/an/an/an/an/an/an/an/an/an/a
Pre-tax income79.463.049.0-51.0-66.4-4.7-233-88.3-37.4-31.99.919.31289.9-63.4217168184279359
Tax rate15%22%11%n/an/an/an/an/an/an/a575%-29%21%82%n/a-4%14%1%15%-6%
Net income67.749.043.6-38.7-45.12.5-178-67.5-27.0-13.2-48.425.910315.7-95.6226147191241385
Net margin8%6%5%-3%-3%0%-15%-6%-2%-1%-4%2%7%1%-6%14%9%11%12%16%
Diluted EPS$0.44$0.28$0.23-$0.56-$0.58-$0.24-$1.55-$0.65-$0.38-$0.29-$0.52-$0.04$0.44-$0.11-$0.83$1.19$0.76$0.97$1.19$1.90
Operating cash flow18835.913779.622015218219967.211716215318716313046.057.9-93.869.5-92.7
Capital expenditure54.194.311813910797.193.162.291.593.299.992.0106112131104154290556776
Free cash flow134-58.419.0-59.411455.388.5137-24.324.262.461.081.751.1-1.1-58.0-95.7-383-486-868
Dividends paid6.96.96.90.013.86.96.90.00.00.00.00.00.00.011.411.40.00.00.00.0
Shares outstanding106m106m131m139m139m139m150m151m152m152m153m155m155m155m156m157m187m196m196m197m
Filing10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2009FY2010 †FY2011 †FY2012 †FY2013 †FY2014FY2015FY2016 †FY2017 †FY2018 †FY2019FY2020 †FY2021 †FY2022FY2023FY2024FY2025FY2026TTM
Revenue2923455035165516837428279721,1591,3622,3803,1063,3175,1604,7085,8107,1187,907
Cost of revenue1692102963153484574705145846988411,5891,9282,0513,5423,2523,7674,4494,890
Gross profit1241352072012042272723133884615217911,1771,2651,6181,4562,0432,6693,018
Gross margin42.3%39.0%41.1%39.0%36.9%33.2%36.6%37.8%40.0%39.8%38.3%33.2%37.9%38.2%31.4%30.9%35.2%37.5%38.2%
Research and development10.211.816.121.422.742.551.360.696.8117139339330377500479582723805
Selling, general and administrative58.171.192.098.41091381441611762092344134454741,0378549261,0451,097
Operating income46.351.310281.571.546.576.890.911613714939.5402414-37.196.194.2848990
Operating margin15.9%14.9%20.2%15.8%13.0%6.8%10.4%11.0%11.9%11.8%10.9%1.7%12.9%12.5%-0.7%2.0%1.6%11.9%12.5%
Interest expense0.20.10.10.21.24.53.93.16.818.422.489.459.9121287n/an/an/an/a
Pre-tax income46.351.310288.577.545.679.190.0119122129-63.9353282-356-14894.2848990
Income tax7.412.618.717.818.87.313.124.523.534.221.33.155.047.0-96.111.164.160.846.3
Effective tax rate16.0%24.5%18.4%20.1%24.2%16.0%16.6%27.2%19.8%28.0%16.5%n/a15.6%16.7%n/an/a68.1%7.2%4.7%
Net income36.838.682.760.350.838.466.065.595.388.0108-67.0298235-259-15649.4805963
Net margin12.6%11.2%16.4%11.7%9.2%5.6%8.9%7.9%9.8%7.6%7.9%-2.8%9.6%7.1%-5.0%-3.3%0.8%11.3%12.2%
Diluted EPS$0.61$0.63$1.30$0.94$0.80$0.60$1.05$1.04$1.48$1.35$1.63-$0.79$2.37$1.45-$2.93-$1.84-$0.52$4.12$4.82
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2009 to FY2026

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Share
of the parts, latest year
Datacenter & Communicationsn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a2,6313,7555,27574.1%
Industrialn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a2,0762,0551,84425.9%
Advanced Products Groupn/a55.978.774.6n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Compound Semiconductor Group58.7n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Compound Semiconductorsn/an/an/an/an/an/an/an/an/a672724821n/an/an/an/an/an/an/a
II-VI Laser Solutionsn/an/an/an/a218254288303317n/an/an/an/an/an/an/an/an/an/a
II-VI Performance Productsn/an/an/an/a192212193198214n/an/an/an/an/an/an/an/an/an/a
II-VI Photonicsn/an/an/an/a141216261326440n/an/an/an/an/an/an/an/an/an/a
Infrared Optics131135181202n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Lasersn/an/an/an/an/an/an/an/an/an/an/an/a0.00.01,469n/an/an/an/a
Materialsn/an/an/an/an/an/an/an/an/an/an/an/a1,1021,1191,350n/an/an/an/a
Military & Materials57.065.7125100n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Near-Infrared Optics45.688.5119140n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Networkingn/an/an/an/an/an/an/an/an/an/an/an/a2,0042,1972,341n/an/an/an/a
Photonic Solutionsn/an/an/an/an/an/an/an/an/a4866391,537n/an/an/an/an/an/an/a
Datacenter & Communications FY2024 to FY2026Industrial FY2024 to FY2026Networking FY2021 to FY2023Materials FY2021 to FY2023Lasers FY2023Photonic Solutions FY2018 to FY2020Compound Semiconductors FY2018 to FY2020II-VI Photonics FY2013 to FY2017II-VI Laser Solutions FY2013 to FY2017II-VI Performance Products FY2013 to FY2017Infrared Optics FY2009 to FY2012Near-Infrared Optics FY2009 to FY2012Military & Materials FY2009 to FY2012Advanced Products Group FY2010 to FY2012Compound Semiconductor Group FY2009
503FY2011683FY2014972FY20172,358FY20205,160FY20237,118FY2026

$ million; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2023 to FY2026

The segment income each segment reports. Costs Coherent does not charge to a segment are left out, so the segments can add up to more than the company's own segment income.

FY2023FY2024FY2025FY2026Margin
FY2026
Datacenter & Communicationsn/a5009041,33025.2%
Industrialn/a29840742322.9%
Lasers271n/an/an/an/a
Materials392n/an/an/an/a
Networking465n/an/an/an/a
Datacenter & Communications FY2024 to FY2026Networking FY2023Industrial FY2024 to FY2026Materials FY2023Lasers FY2023
1,127FY2023798FY20241,311FY20251,752FY2026

$ million; the figure over a bar is all the segments together. Hover a block for its profit, sales and margin.

FY2026Share of salesShare of profit
Datacenter & Communications74%76%
Industrial26%24%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has a segment income figure. A margin is a segment's segment income over its own sales.

Revenue by region FY2010 to FY2026

FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Share
of the parts, latest year
North American/an/an/an/an/an/an/an/an/an/an/an/a1,7712,7462,6233,5654,63465.1%
Europen/an/an/an/an/an/an/an/an/an/a43856862398071469981411.4%
China53.812812312311414117220925429048368061457762268081311.4%
Rest of Worldn/an/an/an/an/an/an/an/an/an/a19093.81114654084764676.6%
Japan19.533.635.929.538.152.957.376.289.21101842041973923413913905.5%
Australian/an/a4.63.33.60.3n/an/an/an/an/an/an/an/an/an/an/an/a
Belgium4.45.16.05.86.65.76.07.54.5n/an/an/an/an/an/an/an/an/a
Germany31.241.452.059.670.077.572.188.3132155n/an/an/an/an/an/an/an/a
Hong Kongn/an/an/an/a54.6109141191187320n/an/an/an/an/an/an/an/a
Italy5.37.47.27.68.99.310.210.811.5n/an/an/an/an/an/an/an/an/a
Othern/an/an/an/an/an/an/an/an/a0.0n/an/an/an/an/an/an/an/a
Philippines24.934.826.217.415.011.38.13.13.94.2n/an/an/an/an/an/an/an/a
Singapore5.87.57.26.38.33.93.03.95.96.9n/an/an/an/an/an/an/an/a
South Korean/an/an/an/an/an/a3.96.69.811.7n/an/an/an/an/an/an/an/a
Switzerland7.410.711.710.370.356.954.850.549.632.8n/an/an/an/an/an/an/an/a
Taiwann/an/an/an/an/an/an/a0.71.72.0n/an/an/an/an/an/an/an/a
United Kingdom4.85.26.06.97.17.78.28.59.42.7n/an/an/an/an/an/an/an/a
United States1721932052522632422662943744051,0851,560n/an/an/an/an/an/a
VNn/a35.731.529.423.124.324.322.526.922.3n/an/an/an/an/an/an/an/a
Vietnam15.4n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
North America FY2022 to FY2026Europe FY2020 to FY2026ChinaRest of World FY2020 to FY2026JapanUnited States FY2010 to FY2021Hong Kong FY2014 to FY2019Germany FY2010 to FY2019Switzerland FY2010 to FY2019VN FY2011 to FY2019Vietnam FY2010Other
503FY2011683FY2014972FY20172,380FY20205,160FY20237,118FY2026

$ million; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2009FY2010 †FY2011 †FY2012 †FY2013 †FY2014FY2015FY2016 †FY2017 †FY2018 †FY2019FY2020 †FY2021 †FY2022FY2023FY2024FY2025FY2026TTM
Operating cash flow48.972.473.588.110895.512912311916117829757441363454663479.5-59.1
Capital expenditure15.613.840.942.825.229.252.358.21391531371371463144363474411,1031,775
Free cash flow33.458.632.645.282.466.277.164.8-19.97.641.416042899.0198199193-1,023-1,834
Free cash flow margin11.4%17.0%6.5%8.8%15.0%9.7%10.4%7.8%-2.0%0.7%3.0%6.7%13.8%3.0%3.8%4.2%3.3%-14.4%-23.2%
Cash from investing-15.3-65.1-52.5-84.9-145-207-52.2-135-177-285-224-1,179-173-320-5,929-351-414-1,414-1,911
Cash from financing-10.33.019.2-14.885.899.1-76.161.511297.04.91,1746768633,554758-4521,4772,563
Depreciation and amortisation15.421.028.434.540.853.153.156.763.680.892.4221270287682560554522n/a
Share-based compensation5.08.810.011.612.012.311.39.711.815.321.968.571.073.2149126160186220
Buybacks12.9n/an/a5.020.020.012.76.3n/a49.91.61.60.00.0n/an/an/an/an/a
Dividends paidn/an/an/an/an/an/an/an/an/an/a0.00.020.334.527.60.011.411.40.0
Diluted shares, weighted60m62m64m64m64m64m63m63m65m65m66m85m115m117m138m152m155m195m202m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a197m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2009FY2010 †FY2011 †FY2012 †FY2013 †FY2014FY2015FY2016 †FY2017 †FY2018 †FY2019FY2020 †FY2021 †FY2022FY2023FY2024FY2025FY2026TTM
Funded by
Shareholders' equity3234105215866366757297829011,0241,1332,0773,4063,6164,9885,2105,64510,90311,330
Non-controlling interestn/a0.50.71.4n/an/an/an/an/an/an/an/an/an/a0.0371354335332
Redeemable equityn/a0.81.85.2n/an/an/an/an/an/an/a0.07267672,2412,3652,4830.00.0
Debtn/a3.418.712.81142421762363424394672,2551,3752,3004,3104,1003,6873,2224,001
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a94.7126110141162165255278
Other liabilitiesn/a93.91051011141551531942352983548088801,0512,0322,2802,5783,5854,307
Total liabilities and equityn/a5096477068641,0721,0581,2131,4771,7621,9545,2356,5137,84513,71114,48914,91118,30020,248
Owned
Fixed assetsn/a118138154171209204243368525583n/an/an/an/an/a1,8782,9993,870
Goodwill26.156.164.380.71231961962342502713201,2391,2971,2864,5134,4644,4714,3764,448
Intangible assetsn/a25.028.744.086.71361221251341251397587186353,8153,5033,2052,8842,816
Investmentsn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a0.0825200
Cash and equivalents95.91081491351851751742182722472054931,5922,5828219269091,1621,553
Receivablesn/a78.690.61051071371411651932152705986597009028499641,3431,604
Inventoryn/a81.41261381421661641752042482966206969031,2721,2861,4382,5813,341
Other assetsn/a41.949.650.548.653.257.253.056.31311411,5261,5511,7382,3893,4602,0472,1292,415
Total assetsn/a5096477068641,0721,0581,2131,4771,7621,9545,2356,5137,84513,71114,48914,91118,30020,248
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded24.0%18.0%11.3%30.8%
Profit growth, compounded28.5%22.0%n/a285.6%
Return on equity, average4.1%1.3%1.8%7.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Coherent's revenue in fiscal 2026?

Coherent (COHR) reported revenue of $7.1 billion for fiscal 2026, the year ended 30 June 2026, up 22.5% on the year before.

How much did Coherent earn in fiscal 2026?

Net income was $805 million for fiscal 2026, and diluted earnings per share $4.12.

What is Coherent's P/E ratio?

At the close of 6 November 2026, Coherent traded at 40.0 times its earnings over the twelve months to 30 September 2026.

What is Coherent's market cap?

The market cap of Coherent was $38.0 billion at the close of 6 November 2026.

How much debt does Coherent have?

At 30 September 2026 Coherent carried $4.0 billion of debt and $1.6 billion of cash.

Peers: Measuring and Control Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
KLA Corp. KLAC$180.5 billion34.6280.6%n/a15.8%0.880.6%
AMETEK Inc. AME$52.4 billion32.2513.9%26.0%14.3%0.570.6%
Agilent Technologies, Inc. A$49.3 billion34.4019.6%22.2%8.6%0.540.6%
Roper Technologies Inc. ROP$47.2 billion18.8113.5%28.0%9.2%0.510.8%
Keysight Technologies, Inc. KEYS$46.3 billion37.3319.2%20.3%25.5%0.38n/a
Waters Corp. WAT$45.0 billion114.141.1%7.1%52.5%0.33n/a
Rockwell Automation, Inc. ROK$41.7 billion35.2134.4%22.7%11.3%0.931.5%
Coherent Corp. COHR$38.0 billion40.018.5%12.5%30.8%0.35n/a
Mettler Toledo International Inc. MTD$37.3 billion37.301,202.8%n/a6.5%26.06n/a
Teradyne, Inc. TER$34.1 billion25.0537.2%32.1%74.9%0.000.2%
Illumina, Inc. ILMN$32.2 billion36.6728.5%21.2%5.8%0.57n/a
Veralto Corp. VLTO$28.5 billion28.9831.0%21.8%6.4%0.900.4%
All 49 in Measuring and Control Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Thermo Fisher Scientific Inc. TMO$257.5 billion36.6512.9%17.9%8.3%0.760.3%
KLA Corp. KLAC$180.5 billion34.6280.6%n/a15.8%0.880.6%
Danaher Corp. DHR$162.0 billion37.698.1%20.4%5.5%0.490.6%
Trane Technologies plc TT$88.0 billion28.3834.6%17.9%10.3%0.461.0%
AMETEK Inc. AME$52.4 billion32.2513.9%26.0%14.3%0.570.6%
Agilent Technologies, Inc. A$49.3 billion34.4019.6%22.2%8.6%0.540.6%
Roper Technologies Inc. ROP$47.2 billion18.8113.5%28.0%9.2%0.510.8%
Keysight Technologies, Inc. KEYS$46.3 billion37.3319.2%20.3%25.5%0.38n/a
Waters Corp. WAT$45.0 billion114.141.1%7.1%52.5%0.33n/a
Rockwell Automation, Inc. ROK$41.7 billion35.2134.4%22.7%11.3%0.931.5%
Coherent Corp. COHR$38.0 billion40.018.5%12.5%30.8%0.35n/a
Mettler Toledo International Inc. MTD$37.3 billion37.301,202.8%n/a6.5%26.06n/a
Teradyne, Inc. TER$34.1 billion25.0537.2%32.1%74.9%0.000.2%
Illumina, Inc. ILMN$32.2 billion36.6728.5%21.2%5.8%0.57n/a
Veralto Corp. VLTO$28.5 billion28.9831.0%21.8%6.4%0.900.4%
Fortive Corp. FTV$19.5 billion31.1411.0%19.6%7.0%0.590.4%
Revvity, Inc. RVTY$17.3 billion73.893.3%12.3%4.1%0.450.2%
MKS Inc. MKSI$13.0 billion22.8018.3%18.2%24.6%1.150.5%
Trimble Inc. TRMB$12.4 billionn/a-3.2%16.5%6.9%0.31n/a
Avantor, Inc. AVTR$10.5 billion30.935.8%7.3%0.9%0.63n/a
Bio-Rad Laboratories, Inc. BIO$10.3 billion10.0613.5%-2.4%1.4%0.16n/a
Bruker Corp. BRKR$9.4 billionn/a-5.4%-2.0%2.2%0.74n/a
Onto Innovation Inc. ONTO$8.5 billion65.106.9%12.0%8.1%0.00n/a
Cognex Corp. CGNX$8.0 billion33.3714.1%25.0%15.8%0.000.7%
10x Genomics, Inc. TXG$7.8 billionn/a-8.0%-11.7%-3.6%0.00n/a
Ralliant Corp. RAL$7.5 billionn/a-73.4%-48.3%n/a0.710.3%
Sensata Technologies Holding plc ST$5.7 billion15.7212.0%15.1%4.1%0.781.2%
Vontier Corp. VNT$5.7 billion17.3028.4%19.4%0.3%1.570.2%
Badger Meter Inc. BMI$4.5 billion36.4719.4%18.8%-2.2%0.001.0%
Mirion Technologies, Inc. MIR$4.4 billion149.581.6%6.0%19.6%0.67n/a
Itron, Inc. ITRI$4.3 billion15.9016.5%13.7%-3.6%0.95n/a
Alamar Biosciences, Inc. ALMR$1.9 billionn/a-18.1%-42.1%n/a0.00n/a
Cohu Inc. COHU$1.9 billionn/a-2.9%-2.4%34.0%0.38n/a
Aehr Test Systems AEHR$1.7 billion1,338.881.0%-5.6%26.8%0.00n/a
Allient Inc. ALNT$1.4 billion36.6811.4%9.8%12.6%0.530.2%
Transcat Inc. TRNS$953 millionn/an/an/an/a0.38n/a
Cytek Biosciences, Inc. CTKB$765 millionn/a-25.3%-21.1%5.5%0.00n/a
Mesa Laboratories Inc. MLAB$718 million152.762.5%9.0%3.0%0.760.5%
Pacific Biosciences of California, Inc. PACB$703 millionn/an/a-81.3%4.4%n/a0.0%
Frequency Electronics Inc. FEIM$661 million241.042.2%2.5%6.3%0.00n/a
Senseonics Holdings, Inc. SENS$454 millionn/a-121.1%-223.2%90.6%0.62n/a
908 Devices Inc. MASS$402 millionn/an/an/an/a0.00n/a
Quantum-Si Inc. QSI$291 millionn/a-53.1%-7,474.5%-60.2%0.00n/a
Nautilus Biotechnology, Inc. NAUT$284 millionn/an/an/an/a0.00n/a
Intest Corp. INTT$173 million38.593.4%3.3%16.6%0.05n/a
Hurco Companies Inc. HURC$132 millionn/a-3.4%-2.8%-1.9%n/an/a
Kewaunee Scientific Corp. KEQU$97 million12.1411.0%5.4%5.3%0.25n/a
Seer, Inc. SEER$90 millionn/a-30.1%-498.2%-12.7%0.000.0%
Rapid Micro Biosystems, Inc. RPID$32 millionn/a-288.5%-141.5%16.1%1.08n/a
1 company shares its SEC industry code (Optical Instruments & Lenses); the rest are the names nearest in size in its wider industry, Measuring and Control Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on COHR

Dividends$11.4 million paid in cash dividends in FY2026
Filings19 in twelve months: 10 current reports (8-K), about 5 regulation FD disclosure; 4 results of operations; 3 other events; 2 officer or director change; 1 unregistered sale of equity
Planned insider sales30 Form 144 notices in twelve months, $4.27 billion; latest 11 September 2026
Options tapeput/call 1.28 by open interest at the 6 November 2026 close; the straddle prices a 11.0% move to 13 November 2026
13F holders1,319 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading36 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest9.0 million shares short, 1.17 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 20264 November 2026EDGAR
10-K30 June 202614 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-Q31 December 20254 February 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-K30 June 202515 August 2025EDGAR
10-Q31 March 20257 May 2025EDGAR
10-Q31 December 20245 February 2025EDGAR
10-Q30 September 20246 November 2024EDGAR
10-K30 June 202416 August 2024EDGAR

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