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.

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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.

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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.

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Coherent Corp. (NYSE:IIVI ) Q3 2023 Earnings Conference Call May 10, 2023 9:00 AM ET Company Participants Mary Raymond - Chief Financial Officer Vincent Mattera - Chairman and Chief Executive Officer Mark Sobey - President of Lasers Segment Walter Bashaw - President Giovanni Barbarossa - Chief Strategy Officer and President of Materials Segment Conference Call Participants Ananda Baruah - Loop Capital Markets LLC Simon Leopold - Raymond James & Associates, Inc. Jed Dorsheimer - William Blair & Company James Ricchiuti - Needham & Company, LLC Christopher Rolland - Susquehanna Financial Group Samik Chatterjee - JPMorgan Chase & Co. Sidney Ho - Deutsche Bank AG Meta Marshall - Morgan Stanley Mark Miller - The Benchmark Company Ruben Roy - Stifel, Nicolaus & Company, Inc. Operator Good day, and thank you for standing by. Welcome to the Coherent Corp. FY2023 Third Quarter Earnings Call.

Coherent Corp. (IIVI) Q3 2023 Earnings Call Transcript

Coherent (COHR) came out with quarterly earnings of $0.58 per share, missing the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.95 per share a year ago.

Coherent (COHR) Lags Q3 Earnings and Revenue Estimates

Shares of Coherent Corp. COHR plunged 12.2% toward a three-year low in premarket trading Wednesday, after the optical components and lasers company reported fiscal third-quarter profit that fell well short of expectations and provided a downbeat outlook as revenue suddenly decelerated. The company swung to a net loss for the quarter to March 31 of $33.5 million, or 24 cents a share, from net income of $31.9 million, or 28 cents a share, in the year-ago period.

Coherent stock tumbles toward 3-year low after big profit miss, downbeat outlook due to a ‘sudden' deceleration in revenue

PITTSBURGH, May 10, 2023 (GLOBE NEWSWIRE) --  Coherent Corp. (NYSE:COHR) ("Coherent," “We” or the "Company") today reported results for its fiscal 2023 third quarter ended March 31, 2023.

Coherent Corp. Reports Fiscal 2023 Third Quarter Results

Coherent (COHR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Coherent (COHR) to Report a Decline in Earnings: What to Look Out for

PITTSBURGH, April 28, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that the company will hold a conference call on Wednesday, May 10, 2023, at 9:00 a.m. ET. The call will be hosted by Dr. Vincent D. (Chuck) Mattera, Jr., Chair and CEO, and Mary Jane Raymond, Chief Financial Officer.

Coherent to Host FY 2023 Third-Quarter Conference Call

PITTSBURGH, April 21, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that the company is now obtaining greater than 50% of its global electricity needs from renewable energy sources. Coherent powers more than 80% of its sites around the world from renewable electricity. In total, this represents over 500 million kWh of renewable electricity per year, thereby avoiding over 85,000 metric tons of CO2 emissions annually.

Coherent Significantly Reduces Its Global Carbon Footprint With the Establishment of Worldwide Renewable Energy Contracts

Coherent's stock has struggled to gain any footing over the past year, down around 50% despite completing their merger with IIVI. The company has continued to grow revenue and earnings despite this price pullback and now trades deeply discounted to peers and their own historical averages.

Coherent's Stock Looks Deeply Discounted

PITTSBURGH, April 06, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in engineered materials, today announced that it was awarded Phase 2 of its high-energy rechargeable lithium-sulfur (Li-S) battery development contract with the U.S. Intelligence Advanced Research Projects Activity (IARPA), under the multiyear Robust Energy Sources for Intelligence Logistics In Extreme, Novel, and Challenging Environments (RESILIENCE) program. This follows the successful completion of Phase 1 of the program, which was awarded in October 2021.

Coherent Awarded Phase 2 of IARPA RESILIENCE Program for High-Energy Rechargeable Lithium-Sulfur Batteries

PITTSBURGH, March 30, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in optical sensing, today unveiled a patented module architecture for ultracompact dynamic illumination and sensing with backside-emitting vertical-cavity surface-emitting laser (VCSEL) arrays.

Coherent Unveils Patented Module Architecture for Ultracompact Dynamic Illumination and Sensing with Backside-emitting VCSEL Arrays

Coherent will also demonstrate its 800G co-packaged multimode optical engine. Coherent will also demonstrate its 800G co-packaged multimode optical engine.

Coherent to Demonstrate 200G per Lane for 800G and 1.6T Transceivers at OFC 2023

PITTSBURGH, March 07, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in optical communications components and subsystems, today announced that it will hold a live demonstration of its 200G four-level pulse amplitude modulation (PAM4) Mach-Zehnder modulated laser technology at OFC 2023 in San Diego, March 7-9, booth #3815.

Coherent to Hold Industry-First Live Demonstration of 200G PAM4 Mach-Zehnder Modulated Laser Technology at OFC 2023

PITTSBURGH, March 02, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that its thought leaders will present at panels, technical sessions, and other events at OFC 2023, March 7-9 at the San Diego Convention Center.

Coherent Thought Leaders to Present at OFC 2023

Coherent will premiere its 100ZR transceiver enabled by the internally developed Steelerton™ digital signal processor (DSP), the first purpose-built DSP for 100ZR applications, optimized for the lowest power dissipation and smallest size Coherent will premiere its 100ZR transceiver enabled by the internally developed Steelerton™ digital signal processor (DSP), the first purpose-built DSP for 100ZR applications, optimized for the lowest power dissipation and smallest size

Coherent to Showcase Award-Winning 100G and 400G Coherent Transceivers at OFC 2023

PITTSBURGH, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in datacom transceiver components, today announced the introduction of its 100G PAM4 vertical-cavity surface-emitting laser (VCSEL) and photodiode (PD) arrays for 800G short-reach datacom pluggable transceivers and active optical cables (AOCs.)

Coherent Introduces 100G PAM4 VCSEL and Photodiode Arrays for 800G Transceivers and Active Optical Cables

PITTSBURGH, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that the company will present at the following upcoming investor conference:

Coherent to Present at the Susquehanna 12th Annual Technology Conference

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Coherent Corp. Announces the Completion of the Transfer of Common Stock and Series A Mandatory Convertible Preferred Stock Listings to the New York Stock Exchange Coherent Corp. Announces the Completion of the Transfer of Common Stock and Series A Mandatory Convertible Preferred Stock Listings to the New York Stock Exchange

Coherent Corp. Began Trading on the NYSE

PITTSBURGH, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that the company will webcast an analyst briefing on Wednesday, March 8, at 11:00 a.m. ET. The briefing will focus on the company's exciting prospects in the optical communications market. The presentation will be followed by a question and answer session.

Coherent to Webcast an Analyst Briefing on March 8, 2023

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PITTSBURGH, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq: COHR), a leader in datacom transceiver components, today announced the introduction of its 1300 nm high-power continuous wave (CW) distributed feedback (DFB) laser diodes for silicon photonics-based datacom pluggable transceivers.

Coherent Introduces 1300 nm High-Power DFB Lasers for Silicon Photonics-Based Transceivers

PITTSBURGH, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq: COHR), a leading provider of test and measurement instruments for optical communications technology, today announced the introduction of its WaveShaper and WaveAnalyzer product platforms for operation across the super C-band.

Coherent Introduces WaveShaper and WaveAnalyzer for Operation Across the Super C-Band

COHR has rallied 57% from its bottom and could set up a new strong uptrend, while it is now facing its most important overhead resistance. The relevant industry has been resilient during the last sell-off, and despite a moment of slowdown, could head for more strength.

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