COHERENT CORP.COHREarnings & Financial Report
Coherent Corp. is an American manufacturer of optical materials and semiconductors. As of 2023, the company had 26,622 employees. Their stock is listed at the New York Stock Exchange under the ticker symbol COHR. In 2022, II-VI acquired laser manufacturer Coherent, Inc., and adopted its name.
Revenue
$1.3B
Gross Profit
$431.9M
Operating Profit
$63.2M
Net Profit
$-48.4M
Gross Margin
32.9%
Operating Margin
4.8%
Net Margin
-3.7%
YoY Growth
9.1%
EPS
$-0.52
COHERENT CORP. Q4 FY2024 Financial Summary
COHERENT CORP. reported revenue of $1.3B (up 9.1% YoY) for Q4 FY2024, with a net profit of $-48.4M (up 72.8% YoY) (-3.7% margin). Cost of goods sold was $882.4M, operating expenses totaled $368.7M.
Key Financial Metrics
| Total Revenue | $1.3B |
|---|---|
| Net Profit | $-48.4M |
| Gross Margin | 32.9% |
| Operating Margin | 4.8% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
COHERENT CORP. Q4 FY2024 revenue of $1.3B breaks down across 6 segments, led by Communications Customer at $653.4M (49.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Communications Customer | $653.4M | 49.7% |
| Lasers Segment | $355.3M | 27.0% |
| Materials Segment | $279.3M | 21.2% |
| Industrial Customer | $16.8M | 1.3% |
| Instrumentation Customer | $7.7M | 0.6% |
| Electronics Customer | $1.8M | 0.1% |
COHERENT CORP. Revenue by Segment — Quarterly Trend
COHERENT CORP. revenue by segment across the last 4 reported quarters, showing how each business line (such as Communications Customer and Lasers Segment) has evolved quarter over quarter.
| Segment | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Communications Customer | — | — | $916.0M | $872.8M |
| Lasers Segment | — | — | $348.0M | $363.9M |
| Materials Segment | — | — | $236.3M | $236.7M |
| Industrial Customer | — | — | $18.4M | $15.3M |
| Instrumentation Customer | — | — | $8.5M | $7.3M |
COHERENT CORP. Annual Revenue by Year
COHERENT CORP. annual revenue history includes year-by-year totals (for example, 2025 revenue was $5.8B).
| Year | Annual Revenue |
|---|---|
| 2025 | $5.8B |
| 2024 | $4.7B |
| 2022 | $3.3B |
COHERENT CORP. Quarterly Revenue & Net Profit History
COHERENT CORP. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $1.7B | +17.5% | $146.7M | 8.7% |
| Q1 FY2026 | $1.6B | +17.3% | $226.3M | 14.3% |
| Q4 FY2025 | $1.5B | +16.4% | $-95.6M | -6.3% |
| Q3 FY2025 | $1.5B | +23.9% | $15.7M | 1.0% |
| Q2 FY2025 | $1.4B | +26.8% | $103.4M | 7.2% |
| Q1 FY2025 | $1.3B | +28.0% | $25.9M | 1.9% |
| Q4 FY2024 | $1.3B | +9.1% | $-48.4M | -3.7% |
| Q3 FY2024 | $1.2B | -2.5% | $-13.2M | -1.1% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.21B | $1.31B | $1.35B | $1.43B | $1.50B | $1.53B | $1.58B | $1.69B |
| YoY Growth | -2.5% | 9.1% | 28.0% | 26.8% | 23.9% | 16.4% | 17.3% | 17.5% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $14.52B | $14.49B | $14.70B | $14.20B | $14.44B | $14.91B | $14.70B | $15.09B |
| Liabilities | $6.48B | $6.54B | $6.43B | $6.23B | $6.28B | $6.43B | $6.01B | $6.20B |
| Equity | $5.34B | $5.21B | $5.50B | $5.17B | $5.35B | $5.64B | $5.83B | $8.54B |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $117.4M | $162.3M | $153.0M | $187.4M | $163.0M | $130.3M | $46.0M | $57.9M |