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
Vol4.69M
As of25 Sep 2026

The Verdict

Hold

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/E71.98x
Forward P/E21.20x
EV / EBITDA42.03x
P / S (ttm)8.14x
Profit margin11.3%
Return on equity8.0%
Revenue growth+33.7%
Debt / equity31.61

Layer Breakdown

LayerRawContribution
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.

United States · www.coherent.com

Risk Metrics

Beta vs SPX2.77
Corr SPX0.57
Annual vol78.3%
Annual ret+92.0%
Sharpe1.18
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
Analysts21
Strong Buy4
Buy12
Hold5
Sell0
Strong Sell0

Recent rating actions

2026-05-07TD Cowen→ Buy
2026-05-07Rosenblatt→ Buy
2026-05-05Stifel→ Buy
2026-05-01Rothschild & Co→ Buy
2026-04-21Citigroup→ Buy
2026-04-20Morgan Stanley→ Equal-Weight

Material Events

DateEvent8-K
2026-08-12Earnings Release, Reg FD Disclosure…read
2026-05-06Earnings Release, Reg FD Disclosure…read
2026-04-28Officer / Director Changeread
2026-03-02Securities Issuance, Reg FD Disclosure…read
2026-02-04Earnings Release, Reg FD Disclosure…read
2025-12-16Other Material Event, Exhibitsread
2025-11-21Other Material Eventread
2025-11-17Shareholder Vote, Exhibitsread
2025-11-05Earnings Release, Reg FD Disclosure…read
2025-09-26Material Agreement, Material Obligation…read
2025-08-13Earnings Release, Reg FD Disclosure…read
2025-05-28Reg FD Disclosure, Exhibitsread

Flow & Concentration

Insider 180d net$0
Insider buys / sells0 / 0
Insider biasNeutral
13F holders9
Top-5 share99.3%
HHI3,762 (concentrated)

Top Holders

HolderValueShares
Fidelity / FMR LLC$4.34B11.01M
State Street Corp$3.39B8.59M
Citadel Advisors$877.58M2.22M
Capital Research / Capital World$339.26M860.03K
Millennium Management$101.47M257.24K
AQR Capital Management$54.33M137.73K
Bridgewater Associates$6.00M15.21K
Norges Bank (Norway sovereign)$1.25M3.17K
T. Rowe Price Group$1.22M3.08M

As of 2026-06-30

Federal Contracts

AmountAgencyDescription
$33.19MDepartment of DefenseMAC INSTALLATION AND INTEGRATION SERVICES IN SUPPORT OF 4.11.7 IGF::OT::IGF
$24.92MDepartment of DefenseLABOR - WORKING CAPITAL FUND (WCF)
$21.97MDepartment of DefenseTHE OBJECTIVE OF THE SABER PROGRAM IS TO DEVELOP A DESIGN FOR A 400 KW SUBSYSTEM
$12.88MDepartment of DefenseTHIS PROJECT PROPOSES TO DEVELOP PULSED FIBER LASERS FOR REMOTE SENSING AND ILLU
$12.12MDepartment of DefenseCONTROL SYSTEMS FOR COORDINATED OPERATIONS
$12.08MDepartment of Defense200412!001274!2100!W15QKN!TACOM - PICATINNY !W15QKN04C1159 !A!N!
$7.79MDepartment of DefenseDIGITAL HOLOGRAPHY DEEP TURBULENCE ADAPTIVE OPTICS TESTBED
$7.05MDepartment of DefenseSBIR PHASE III R&D

SEC Filings

DateFormDoc
2026-08-1410-Kview
2026-08-128-Kview
2026-07-244view
2026-07-064view
2026-06-054view
2026-06-053view
2026-05-134view
2026-05-134view
2026-05-068-Kview
2026-05-0610-Qview
2026-04-288-Kview
2026-04-244view
2026-03-184view
2026-03-124view
2026-03-114view

The Long Run

FY 2011–2025 · 14 years

LineLatestCAGRTrend
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

S&P 500

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$297.92$301.77$290.28$295.834.69M
Sep 24$294.90$300.89$290.20$290.615.00M
Sep 23$312.12$312.24$298.47$300.605.70M
Sep 22$310.29$323.43$305.00$310.397.47M
Sep 21$326.48$332.86$316.64$321.527.59M

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