Coherent Corp

Coherent Corp. engages in the development, refinement, manufacturing, and marketing of engineered materials and opto-electronic components and devices for precision in the field of industrial materials processing, optical communications, aerospace and defense, consumer electronics, semiconductor capital equipment, life sciences, and automotive applications and markets. It operates through the following segments: Photonic Solutions and Compound Semiconductors. The Photonic Solutions segment manufactures crystal materials, optics, microchip lasers and optoelectronic modules for use in optical communication networks and other diverse consumer and commercial applications, pump lasers, optical isolators, and optical amplifiers and micro-optics for optical amplifiers, for both terrestrial and submarine applications within the optical communications market. The Compound Semiconductors segment designs, manufactures and markets optical and electro-optical components and materials, infrared optical components and high-precision optical assemblies for aerospace and defense, medical and commercial laser imaging applications, semiconductor lasers and detectors for optical interconnects and sensing applications, unique engineered materials for thermoelectric and silicon carbide applications servicing the semiconductor, aerospace and defense and medical markets. The company was founded Carl J. Johnson in 1971 and is headquartered in Saxonburg, PA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Coherent Corp. reports Q3 revenue challenges, accelerates cost-saving measures

Coherent Corp. faced revenue challenges in Q3 but is taking proactive measures to reduce costs and improve efficiency. The company is reviewing strategic options for its silicon carbide business and expects an inflection point in demand in the coming quarters. Despite market constraints, opportunities exist for improving inventory levels and capitalizing on datacom demand.

Coherent Corp. exceeds Q4 revenue, eyes market leadership in AI

Coherent's Q4 performance exceeded expectations, with a focus on market leadership in AI transceivers and 800G opportunity. However, macro uncertainty and revenue decline pose challenges for FY '24, while significant growth opportunities exist in the 800G Datacom transceivers and silicon carbide business.

Coherent Corp reports Q3 revenue growth, accelerates restructuring for savings

Coherent Corp's Q3 performance showed revenue growth and debt reduction. The company is addressing challenges through restructuring and cost-saving measures. Opportunities lie in restructuring savings, strategic partnerships, and product pricing strategies.

Coherent Corp surpasses Q4 revenue targets, eyes AI opportunities

Coherent Corp's Q4 performance exceeded expectations, driven by strategic investments and acquisitions. Despite challenges from macroeconomic uncertainty, the company is optimistic about the future, focusing on managing costs and aligning with market realities. Opportunities in AI-related segments and silicon carbide business growth are key focus areas for Coherent.

Coherent Corp surpasses Q1 expectations, focuses on diversification and margin improvement

Coherent Corp's Q1 performance exceeded expectations with strong revenue and EPS figures. The company is focused on diversification, margin improvement, and capitalizing on market opportunities. Challenges include inventory issues in some markets and softer demand in back-end semi and precision manufacturing.

Coherent Corp exceeds Q2 revenue expectations, eyes AI market growth

Coherent Corp's Q2 2024 earnings call highlighted strong financial performance, strategic investments, and a positive outlook on growth prospects. The company is focused on operational efficiency, global integration, and capitalizing on emerging market trends to drive future success.

Coherent Corp reports robust Q4 earnings, eyes growth in datacom

Coherent Corp's Q4 performance reflects strong revenue growth and margin improvements, driven by datacom transceivers for AI deployments. The company's strategic focus on innovation, market positioning, and shareholder value creation sets a positive trajectory for future growth. Challenges in optimizing margins and navigating market trends exist, but opportunities in operational efficiency and market expansion are key focus areas for fiscal 2025.

Coherent Corp reports robust Q1 earnings driven by datacom growth

Coherent Corp's Q1 2025 performance reflects a strategic focus on driving revenue growth, enhancing profitability, and optimizing operational efficiency. The company faces challenges in industrial markets but has opportunities to leverage its strengths in datacom and telecom segments for future growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Coherent Corp. engages in the development, refinement, manufacturing, and marketing of engineered materials, opto-electronic components and devices, and lasers for use in the industrial, communications, electronics, and instrumentation markets. It operates through the following segments: Networking, Materials, and Lasers. The Networking segment leverages compound semiconductor technology platforms and deep knowledge of end-user applications. The Materials segment markets engineered materials and optoelectronic devices. The Lasers segment serves industrial customers in semiconductor capital equipment, display capital equipment, precision manufacturing, and aerospace and defense, as well as instrumentation customers in life sciences and scientific research. The company was founded by Carl J. Johnson in 1971 and is headquartered in Saxonburg, PA.

Juniper Networks

SUNNYVALE, Calif.--(BUSINESS WIRE)--Juniper Networks®, (NYSE: JNPR), a leader in secure, AI-Native Networking, is collaborating with Coherent Corp. (NYSE: COHR), a leader in compound semiconductors and high-speed optical networking technology, and Marvell Technology Inc., a leader in data infrastructure semiconductor solutions, to present the first public demonstration of their 800ZR solution featuring Juniper Networks PTX10002-36QDD Packet Transport Router, Coherent Corporation's 800ZR transce.

Coherent Corp., Juniper Networks and Marvell Deliver Public Demonstration of Industry-First Comprehensive 800ZR System at OFC'24

Coherent expands capacity in its U.S. and European fabs and significantly reduces die cost for InP optoelectronic devices including lasers, detectors, and electronics Coherent expands capacity in its U.S. and European fabs and significantly reduces die cost for InP optoelectronic devices including lasers, detectors, and electronics

Coherent Announces the World's First 6-Inch Indium Phosphide Scalable Wafer Fabs Paving the Way for the Next Generation of Lasers for AI Transceivers and 6G Wireless Networks

Live Demonstration at OFC 2024 Based on Ultrareliable DLX™ Technology Live Demonstration at OFC 2024 Based on Ultrareliable DLX™ Technology

Coherent Announces Optical Circuit Switch for Data Centers

PITTSBURGH, March 25, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that it has made a significant breakthrough in improving the bandwidth of its vertical-cavity surface-emitting laser (VCSEL), paving the way for use in next-generation optical interconnects that will operate at 200 Gbps per lane and thereby enabling optical transceivers with 1.6 Tbps capacity. This improvement comes in the form of lithographic-aperture VCSELs, marking a significant departure from the oxide-aperture VCSELs that are the state-of-the-art VCSELs used in AI networks today.

Coherent Reports Significant Advancement in VCSEL Performance for Next-Gen AI Networks

PITTSBURGH, March 22, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leading provider of high-performance optical networking solutions, announced today new high-power, uncooled pump laser modules built on the latest G10 series laser diode technology. The new modules are developed for high-reliability submarine applications and both single- and dual-chip terrestrial applications.

Coherent Announces High-Power Uncooled G10 Pump Laser Modules for Submarine and Terrestrial Applications

PITTSBURGH, March 22, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in optical communications technology and components, announced today the introduction of a bi-di circulator adaptor. This adaptor enables bi-directional transmission over a single fiber between two transceivers. By enabling bi-directional transmission, the fiber count is reduced by a factor of two, which allows significant cost and space savings.

Coherent Introduces a New Circulator Adaptor Enabling Bi-Directional Fiber Connectivity For AI/ML Applications

PITTSBURGH, March 21, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in materials, networking, and lasers, announced today that it will be demonstrating its 800 Gbps coherent transceiver module in QSFP-DD form factor at OFC 2024 in San Diego, March 26-28. The module will be demonstrated in 800G ZR mode transmitting over 9000 ps/nm of dispersion, equivalent to approximately 450 km of fiber.

Coherent Debuts 800 Gbps QSFP Form Factor Transceiver Module for IP-over-DWDM Applications

PITTSBURGH, March 20, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leading provider of high-performance optical networking solutions, today introduced its versatile I-temp 100G ZR QSFP28 digital coherent optics (DCO) transceiver.

Coherent Introduces Industry-First I-temp 100G ZR QSFP28-DCO Module for Expanded Application in Edge and Access Networks

PITTSBURGH, March 19, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in high-power diode lasers for aesthetic and dermatological applications, today introduced a game-changing diode laser bar for the hair removal industry. This innovative 808 nm bar employs a two-junction configuration to deliver 200 W of output with just 100 A of input current, thus doubling the efficiency of previous single-junction bars.

Coherent Unveils New Diode Laser Bar for Improved Outcomes in Hair Removal

PITTSBURGH, March 19, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in optical networking, announced today the introduction of two new optical test instrumentation products:

Coherent Introduces Wavemaker® and Waveshaper® Optical Solutions for Multi-Wavelength Transmissions

PITTSBURGH, March 18, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a pioneer in photonic solutions, is proud to announce its participation at the upcoming Optica Executive Forum at OFC 2024, being held at the Hilton San Diego Bayfront on March 25 in conjunction with the OFC conference.

Coherent Executives to Speak at the Optica Executive Forum During OFC 2024

PITTSBURGH, March 18, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in optical materials, components, and subsystems, today announced its comprehensive microlens array (MLA) solution for beam collimation and coupling. This versatile platform addresses the growing need for high-performance beam shaping in demanding applications such as high-speed communication transceivers, both pluggable form factors and future CPO (co-packaged optics) solutions, optical circuit switches (OCSs), and LiDAR systems.

Coherent Announces Comprehensive Microlens Array (MLA) Solution

PITTSBURGH, March 15, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in optical communications components and subsystems, has introduced a groundbreaking family of advanced, aberration-correcting, high-efficiency grisms and transmission gratings capable of encompassing the entire extended C+L band in a single optic. These enable construction of more cost-effective, efficient, and compact network components that support more communication channels, such as wavelength selective switches (WSS) and optical channel monitors.

Coherent Debuts Extended C+L-Band Grisms With Unmatched Efficiency and Performance

PITTSBURGH, March 14, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that three of its products received awards in the 2024 Lightwave Innovation Reviews.

Three Coherent Products Honored With Lightwave Innovation Awards as Top Solutions in the Optical Networking Industry

PITTSBURGH, March 12, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that the company will host an investor briefing on Tuesday, March 26, from 1:30 pm to 3:00 pm ET at the Optical Fiber Communication (OFC) Conference in San Diego, California. The briefing also will be accessible via webcast. The briefing will focus on the company's optical communications market and will include discussion of market trends, products, technologies, and competitive positioning. The presentation will be followed by a question and answer session.

Coherent to Host OFC Investor Briefing on March 26, 2024

Advanced Micro Devices

NVIDIA

Taiwan Semiconductor Manufacturing

The rally in semiconductors is starting to run out of superlatives to describe it. Just when you think it has to take a breather, it turns around and rallies another few percent. Yesterday, the Philadelphia Semiconductor Index (SOX) closed more than 17% above its 50-day moving average and 36% above its 200-DMA.

Semis Drop The Mic

Coherent (COHR) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, COHR crossed above the 200-day moving average, suggesting a long-term bullish trend.

Coherent (COHR) Recently Broke Out Above the 200-Day Moving Average

Board to Commence a Comprehensive Executive Search Process Company Reaffirms Fiscal 2024 Guidance PITTSBURGH, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (the “Company” or “Coherent”) (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that Dr. Vincent (“Chuck”) D. Mattera, Jr., has informed the Coherent Board of Directors (“the Board”) of his intent to retire as CEO following the commencement of employment of his successor.

Dr. Vincent D. Mattera, Jr., to Retire as CEO of Coherent

Coherent Co. NYSE: COHR develops and manufactures lasers and optical technologies through its Compound Semiconductors and Photonic Solutions divisions. Formerly known pre-merger as II-VI, Coherent is an information technology sector company implementing a multi-year restructuring plan to streamline operations.

Coherent gains from the AI chip boom

Coherent's share price rose by over 17% after posting strong Q2 results and exceeding Q3 guidance. The company achieved enhanced operating efficiency and saw a significant increase in 800G transceiver shipments. Coherent has growth prospects in the silicon carbide and MicroLED markets, and its stock is recommended as a buy.

Why Coherent Stock Is A Buy Despite Rising Nearly 20%

Coherent easily beat revenue and earnings estimates for its fiscal second quarter. The optical materials and semiconductor manufacturer credited improving demand trends.

Why Coherent Stock Popped Today

Coherent Corp. (COHR) Q2 2024 Earnings Call Transcript

Stronger-than-expected earnings, fast growth in another unit and a bullish report on a new product powered gains in Coherent Corp.'s stock on Tuesday.

Coherent stock rallies on profit beat and bullish comments on product launch

Although the revenue and EPS for Coherent (COHR) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Coherent (COHR) Reports Q2 Earnings: What Key Metrics Have to Say

PITTSBURGH, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today the financial results for its second quarter of fiscal year 2024. These results have been posted as a letter to shareholders on the Investor Relations section of its website.

News for Coherent Corp Stock (COHR)