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.

PITTSBURGH, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that Dr. Mark Sobey, President, Lasers Segment, will retire from the company effective today, September 1, 2023.

Coherent Announces the Retirement of Dr. Mark Sobey, President, Lasers Segment

Coherent beat expectations with its fiscal fourth-quarter results despite continued macroeconomic uncertainty. But those macro headwinds are also limiting near-term growth and visibility, causing the company to issue conservative guidance for the coming year.

Why Coherent Stock Fell 24% This Week

II-VI Incorporated

Coherent Corp. (NYSE:IIVI ) Q4 2023 Results Conference Call August 16, 2023 9:00 AM ET Company Participants Paul Silverstein - VP, IR Dr. Chuck Mattera - Chairman and CEO Mary Jane Raymond - CFO Dr. Giovanni Barbarossa - Chief Strategy Officer and President, Materials Segment Dr. Mark Sobey - Laser Segment, President Conference Call Participants Samik Chatterjee - JPMorgan Simon Leopold - Raymond James Meta Marshall - Morgan Stanley Vivek Arya - Bank of America Tom O'Malley - Barclays Jed Dorsheimer - William Blair Christopher Rolland - Susquehanna Ananda Baruah - Loop Capital Ruben Roy - Stifel Dave Kang - B. Riley Jim Ricchiuti - Needham & Company Tim Savageaux - Northland Capital Markets Mike Genovese - Rosenblatt Securities Operator Good day and thank you for standing by.

Coherent Corp. (IIVI) Q4 2023 Earnings Call Transcript

Coherent's Q4 results actually beat expectations. But the company's forward guidance came in much weaker than the market had anticipated.

Why Coherent Stock Is Crashing Today

Coherent expects to report fiscal first-quarter earnings of 5 cents a share to 20 cents a share on revenue between $1 billion and $1.1 billion.

Coherent Stock Dives on Outlook Miss. Analyst Still Sees 'Bright Spot' Ahead.

Coherent Corp (NASDAQ:COHR) stock traded 20% lower ahead of Wednesday's open after giving investors weaker-than-expected guidance for the upcoming financial year. The optical and semiconductor tech company warned the market, in quarterly results last night, that it is not expecting to see a “meaningful rebound” from the macroeconomic challenges that have impacted its business in the past year.

Coherent Corp stock drops as outlook disappoints investors

Alibaba

Cigna

Capital One

CVS Health

Devon Energy

iShares MSCI Japan ETF

iShares MSCI Japan Value ETF

Expedia

Franklin FTSE Japan ETF

First Republic Bank

GEO Group

Generac Holdings

JD.com

SPDR S&P Regional Banking ETF

Liberty Latin America Ltd.

Liberty Latin America

MGM Resorts

New York Community Bancorp

PacWest Bancorp

Precision Drilling

Invesco QQQ

Qurate Retail Inc

Qurate Retail Inc - Ordinary Shares - Series B

The RealReal

Michael Burry closed out most of his Q1 positions in the second quarter, reducing positions in Signet Jewelers, Liberty Latin America, and New York Community Bancorp. Burry more than doubled his position in The RealReal Inc. and added shares of The GEO Group. Burry purchased a substantial number of put contracts on the S&P 500 ETF and the Invesco Nasdaq 100 ETF and added new positions in Expedia Group, MGM Resorts International, Generac Holdings, and CVS Health Corporation.

Analyzing 13Fs: Michael Burry's Scion Asset Management Q2 Update

Shares of Coherent Corp. tumbled 17% in after-hours trading Tuesday after the optoelectronics company issued a weaker-than-expected outlook for the quarter and year ahead.

Coherent issues a grim earnings outlook, and its stock is tanking

PITTSBURGH, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today the financial results for its fourth quarter and full fiscal year 2023. These have been posted as a letter to shareholders to the investor relations section of its website.

Coherent Corp. Releases Fourth Quarter and Full Fiscal Year 2023 Financial Results

PITTSBURGH, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in ceramics and metal matrix composites, today announced that it has developed an additive manufacturing process capable of producing advanced ceramic components for high-performance thermal management applications, including for next-generation semiconductor capital equipment.

Coherent Unveils Additive Manufacturing Technology to Produce Advanced Ceramic Components for High-Performance Thermal Management Applications

PITTSBURGH, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in optical sensing, today announced that it has shipped more than 200 billion vertical-cavity surface-emitting semiconductor laser (VCSEL) emitters to date for sensing.

Coherent Achieves Milestone of Shipping More Than 200 Billion VCSEL Emitters for Sensing

PITTSBURGH, July 27, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that the company will release its financial results for the quarter and fiscal year ended June 30, 2023, in a press release posted on Coherent's website at coherent.com/company/investor-relations after market close on August 15. Coherent's management will host a conference call to discuss these results on August 16 at 9:00 a.m. ET.

Coherent Announces Date of FY 2023 Fourth-Quarter and Fiscal Year-End Conference Call

AppLovin Corp

Investors looking for stocks in the Technology Services sector might want to consider either Coherent (COHR) or AppLovin (APP). But which of these two companies is the best option for those looking for undervalued stocks?

COHR or APP: Which Is the Better Value Stock Right Now?

PITTSBURGH, July 18, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that Dr. Christopher Dorman has been named Executive Vice President, Lasers Business. In this position, he is responsible for the Lasers Segment across the markets of precision manufacturing, semiconductor & display capital equipment, life sciences, and scientific instruments, driving operational excellence and customer focus.

Coherent Appoints Dr. Christopher Dorman As Executive VP, Lasers Business

PITTSBURGH, July 11, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and laser technology, today announced that Paul Silverstein has been appointed as Vice President, Investor Relations & Corporate Communications, reporting to Chair and CEO Dr. Vincent D. Mattera, Jr.

Coherent Appoints Paul Silverstein as VP, Investor Relations & Corporate Communications

PITTSBURGH, July 10, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today provided its initial assessment of the export restriction of gallium and germanium from China expected to begin on August 1, 2023.

Coherent Corp. Provides Initial Assessment of Expected Export Restrictions of Gallium and Germanium From China

AI optimism fueled a big bounce for this beaten-down optical communications stock. Coherent unveiled a new line of low-cost industrial lasers.

Why Coherent Rocketed 38% Higher in June

Laser systems maker Coherent Co. NASDAQ: COHR changed its name from II-VI, confusing investors even trying to pronounce the name. The company is undergoing a multi-year restructuring plan to simplify its business model, just like it simplified its name.

New Name, Coherent is a Compelling AI Data Infrastructure Play

PITTSBURGH, July 06, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that Chair and CEO Dr. Vincent D. Mattera, Jr., will deliver a keynote at the SEMICON West 2023 CEO Summit highlighting four generations of semiconductors along the industry's track to a $1 trillion market. The CEO Summit will take place on July 11, 2023, at the Moscone Center in San Francisco.

Coherent Chair and CEO Dr. Vincent D. Mattera, Jr., to Give Keynote at SEMICON West 2023 CEO Summit

PITTSBURGH, July 05, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and laser technology, today announced that Dr. Young-Kai (Y.K.) Chen has been appointed Deputy Chief Technology Officer (DCTO) of Coherent, reporting to CTO Dr. Julie Sheridan Eng.

Coherent Appoints Dr. Young-Kai Chen as Deputy Chief Technology Officer

Coherent, through Finisar, has been the leading manufacturer of optical network transceivers for the past 22 years. Coherent is introducing transceivers that will form the core of the second generation of 800G transceivers and the first generation of 1.6T transceivers. Growth in sales of Coherent's Ethernet transceivers will grow as Ethernet replaces InfiniBand Networking Protocols.

Coherent: Benefiting From Migration To Ethernet Switching Attached To AI/ML

PITTSBURGH and TEL AVIV, Israel, June 26, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in semiconductor lasers, and TriEye Ltd., a pioneer in mass-market shortwave infrared (SWIR) sensing technology, today announced their successful joint demonstration of a laser-illuminated SWIR imaging system for automotive and robotic applications.

Coherent and TriEye Demonstrate Laser-Illuminated Shortwave Infrared Imaging System for Automotive and Robotic Applications

The stock's rally has made shares more susceptible to short-term swings. Coherent hasn't yet established a strong track record for annual earnings.

Why Coherent Stock Dropped This Week

PITTSBURGH, June 23, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in laser systems, subsystems, and components, today announced that it will exhibit its portfolio of patented solutions for high-performance joining applications at upcoming trade shows. Coherent will exhibit at Laser World of Photonics, in Munich, Germany, June 27-30, stand B3.321; Laser Korea, in Seoul, July 5-7, stand 4101; and Laser World of Photonics China, in Shanghai, July 11-13, stand 8.1D240.

Coherent to Showcase Portfolio of Patented Solutions for High-Performance Joining Applications at Upcoming Trade Shows

PITTSBURGH, June 22, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in laser systems, subsystems, and components, today announced that it will exhibit industry-leading products and capabilities at Laser World of Photonics, June 27-30 at the Trade Fair Center Messe München in Munich, Germany, stand B3.321. Coherent will showcase its broad portfolio of advanced laser solutions that are enabling a wide range of applications in industrial, e-mobility, electronics, life sciences, and scientific markets. Coherent thought leaders will present at technical sessions and demonstrations.

News for Coherent Corp Stock (COHR)