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
$1.6B
Gross Profit
$579.2M
Operating Profit
$216.9M
Net Profit
$226.3M
Gross Margin
36.6%
Operating Margin
13.7%
Net Margin
14.3%
YoY Growth
17.3%
EPS
$1.19
COHERENT CORP. Q1 FY2026 Financial Summary
COHERENT CORP. reported revenue of $1.6B (up 17.3% YoY) for Q1 FY2026, with a net profit of $226.3M (up 774.4% YoY) (14.3% margin). Cost of goods sold was $1.0B, operating expenses totaled $362.3M.
Key Financial Metrics
| Total Revenue | $1.6B |
|---|---|
| Net Profit | $226.3M |
| Gross Margin | 36.6% |
| Operating Margin | 13.7% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
COHERENT CORP. Q1 FY2026 revenue of $1.6B breaks down across 2 segments, led by Datacenter And Communications Segment at $1.1B (68.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Datacenter And Communications Segment | $1.1B | 68.9% |
| Industrial Segment | $491.4M | 31.1% |
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 Datacenter And Communications Segment and Industrial Segment) has evolved quarter over quarter.
| Segment | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Datacenter And Communications Segment | $1.2B | $1.1B | — | — |
| Industrial Segment | $477.7M | $491.4M | — | — |
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 |