Inside the research
Coherent Corp.
COHR Research profile · latest available data
Price overview
$295.83
▲ +5.22 (+1.8%)
| 52w hi | $426.89 |
|---|---|
| 52w lo | $106.57 |
| Vol | 4.69M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.14
| Short | -0.38 |
|---|---|
| Medium | +0.41 |
| Long | +0.64 |
computed 2026-09-27
Key fundamentals
Coherent Corp.
Technology · Scientific & Technical Instruments
| Market cap | $57.93B |
|---|---|
| Enterprise value | $59.83B |
| Trailing P/E | 71.98x |
| Forward P/E | 21.20x |
| EV / EBITDA | 42.03x |
| P / S (ttm) | 8.14x |
| Profit margin | 11.3% |
| Return on equity | 8.0% |
| Revenue growth | +33.7% |
| Debt / equity | 31.61 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.29 | |
| Sector | +0.19 | |
| Technical | -0.17 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Coherent Corp. develops, manufactures, and markets lasers, transceivers, other optical and optoelectronic devices, modules, and systems worldwide. Its products include critical components consisting of detectors, passive optics, thermal solutions, and PICS; silicon photonics and other advanced optical technologies; and coherent transmission components, transport products, optical amplifiers, passive optical components, optical line systems, and multi-rail platform. The company's Datacenter and Communications segment offers transceivers, co-packaged optics, and optical circuit switches, as well as other systems, such as subsystems, modules, and semiconductor devices for datacenter and communications applications; and VCSELS, EELS, pump lasers, and other components, optics, and ICs for datacenter and communication applications. Its Industrial segment offers excimer lasers, solid-state lasers, and CO2 lasers; laser systems for various industrial applications, including semiconductor capital equipment, display manufacturing, precision manufacturing, and scientific research; and laser systems and subsystems comprising high-power lasers for materials processing. This segment also provides engineered materials, laser optics, thermoelectric components, and advanced ceramic and metal-matrix composite materials and products. It markets its products and services through a direct sales force, representatives, and distributors. The company was formerly known as II-VI Incorporated and changed its name to Coherent Corp. in September 2022. Coherent Corp. was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania.
Risk Metrics
| Beta vs SPX | 2.77 |
|---|---|
| Corr SPX | 0.57 |
| Annual vol | 78.3% |
| Annual ret | +92.0% |
| Sharpe | 1.18 |
| Max DD | -54.8% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $355.64 |
|---|---|
| High / Low | $455.44 / $203.00 |
| Median | $371.00 |
| Analysts | 21 |
| Strong Buy | 4 | |
|---|---|---|
| Buy | 12 | |
| Hold | 5 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-07 | TD Cowen | → Buy |
| 2026-05-07 | Rosenblatt | → Buy |
| 2026-05-05 | Stifel | → Buy |
| 2026-05-01 | Rothschild & Co | → Buy |
| 2026-04-21 | Citigroup | → Buy |
| 2026-04-20 | Morgan Stanley | → Equal-Weight |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-12 | Earnings Release, Reg FD Disclosure… | read |
| 2026-05-06 | Earnings Release, Reg FD Disclosure… | read |
| 2026-04-28 | Officer / Director Change | read |
| 2026-03-02 | Securities Issuance, Reg FD Disclosure… | read |
| 2026-02-04 | Earnings Release, Reg FD Disclosure… | read |
| 2025-12-16 | Other Material Event, Exhibits | read |
| 2025-11-21 | Other Material Event | read |
| 2025-11-17 | Shareholder Vote, Exhibits | read |
| 2025-11-05 | Earnings Release, Reg FD Disclosure… | read |
| 2025-09-26 | Material Agreement, Material Obligation… | read |
| 2025-08-13 | Earnings Release, Reg FD Disclosure… | read |
| 2025-05-28 | Reg FD Disclosure, Exhibits | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 9 |
| Top-5 share | 99.3% |
| HHI | 3,762 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Fidelity / FMR LLC | $4.34B | 11.01M |
| State Street Corp | $3.39B | 8.59M |
| Citadel Advisors | $877.58M | 2.22M |
| Capital Research / Capital World | $339.26M | 860.03K |
| Millennium Management | $101.47M | 257.24K |
| AQR Capital Management | $54.33M | 137.73K |
| Bridgewater Associates | $6.00M | 15.21K |
| Norges Bank (Norway sovereign) | $1.25M | 3.17K |
| T. Rowe Price Group | $1.22M | 3.08M |
As of 2026-06-30
Federal Contracts
| Amount | Agency | Description |
|---|---|---|
| $33.19M | Department of Defense | MAC INSTALLATION AND INTEGRATION SERVICES IN SUPPORT OF 4.11.7 IGF::OT::IGF |
| $24.92M | Department of Defense | LABOR - WORKING CAPITAL FUND (WCF) |
| $21.97M | Department of Defense | THE OBJECTIVE OF THE SABER PROGRAM IS TO DEVELOP A DESIGN FOR A 400 KW SUBSYSTEM |
| $12.88M | Department of Defense | THIS PROJECT PROPOSES TO DEVELOP PULSED FIBER LASERS FOR REMOTE SENSING AND ILLU |
| $12.12M | Department of Defense | CONTROL SYSTEMS FOR COORDINATED OPERATIONS |
| $12.08M | Department of Defense | 200412!001274!2100!W15QKN!TACOM - PICATINNY !W15QKN04C1159 !A!N! |
| $7.79M | Department of Defense | DIGITAL HOLOGRAPHY DEEP TURBULENCE ADAPTIVE OPTICS TESTBED |
| $7.05M | Department of Defense | SBIR PHASE III R&D |
SEC Filings
The Long Run
FY 2011–2025 · 14 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $5.16B | +24.7% | |
| Operating income | $96.12M | +3.8% | |
| Net income | -$156.15M | +16.2% | |
| Cash from ops | $634.02M | +18.0% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $297.92 | $301.77 | $290.28 | $295.83 | 4.69M |
| Sep 24 | $294.90 | $300.89 | $290.20 | $290.61 | 5.00M |
| Sep 23 | $312.12 | $312.24 | $298.47 | $300.60 | 5.70M |
| Sep 22 | $310.29 | $323.43 | $305.00 | $310.39 | 7.47M |
| Sep 21 | $326.48 | $332.86 | $316.64 | $321.52 | 7.59M |
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