Coherent Corp

Coherent Corp

COHR

Get informed when a big investor buys or sells

+ Follow
Market Cap$61.06B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Coherent CorpCoherent Corp127.7-2%-0.3

Earnings Call Q3 2026

May 6, 2026 - AI Summary

Strong growth + accelerating demand visibility (Q3 performance) - Revenue $1.8B, up 7% sequentially and 21% YoY on a reported basis (pro forma: +9% seq / +27% YoY). - Management emphasized a step-function increase in bookings driving record backlog, with orders now reaching into calendar 2028 and customer LTAs extending to the end of the decade. - CEO expects sustained strong revenue growth, including strong sequential June-quarter growth and FY’27 growth rate > FY’26 growth rate.
Profitability expanding faster than revenue - Non-GAAP gross margin 39.6%, up +57 bps seq and +105 bps YoY. - Non-GAAP operating margin 20.3% (vs 19.9% prior quarter). - Non-GAAP EPS $1.41, up 55% YoY (acceleration vs revenue growth). - CFO attributed margin gains mainly to input cost reductions, 6-inch indium phosphide yield improvements, and pricing optimization; also noted operating leverage from stronger revenue.
Key driver: 6-inch indium phosphide ramp (and supply-constrained bottleneck) - Coherent remains constrained by indium phosphide industry capacity, but is executing aggressively: goal to double internal output capacity by end of calendar 2026 is now expected one quarter earlier than planned. - Expect to more than double again by end of calendar 2027 (i.e., roughly quadrupling capacity over ~2 years per CEO). - First shipments of transceivers containing 6-inch-produced components contributed to sequential revenue and gross margin improvement. - Plans to expand 6-inch production: ramp benefits from Texas first; Zurich added with production start targeted beginning of calendar 2027.

Exclusive for Stockcircle Pro members

Sign upSign Up
$334.00

Target Price by Analysts

13.3% downsideCoherent Target Price DetailsTarget Price
$23.02

Current Fair Value

94% downside

Overvalued by 94% based on the discounted cash flow analysis.

Share Statistics

Market cap$61.06 Billion
Enterprise Value$1.94 Trillion
Dividend Yield$- (-)
Earnings per Share$-0.52
Beta2.05
Outstanding Shares155,500,000

Return

Return on Equity1.80%ROE
Return on Assets1.11%
Return on Invested Capital0.00%

Valuation & Multiples

P/E Ratio127.65P/E Ratio
PEG0.01PEG
Price to Sales0.03Price to Sales
Price to Book Ratio0.01Price to Book Ratio
Enterprise Value to Revenue1.07
Enterprise Value to EBIT5231.55
Enterprise Value to Net Income10
Total Debt to Enterprise1.79
Debt to Equity0.33Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 13, 2026
EPS Estimate
$1.39
Average shareholder expectation
Revenue Estimate
$1.78 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 12, 2026
EPS Estimate
$1.62
Average shareholder expectation
Revenue Estimate
$1.98 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.8231 9.98%
Total Calls5,657,896 32.20%
Total Puts4,656,750 50.44%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %112.70% 6.67%
Total Invested$42.35B 39.20%
Investors Holding1,157 208.00%

ESG Score

No data

About Coherent Inc.

CEO: Andreas Mattes

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the technical analysis and 'revenue estimates' for all tax legislation, directly influencing corporate tax structures, R&D credits, and investment incentives that are critical for a manufacturing company like Coherent.

Finance

As the primary tax-writing committee, it directly impacts Coherent's corporate taxation, profitability, and capital investment incentives. Its influence on trade policy can also affect supply chains and international sales.

Appropriations

This committee directly allocates federal discretionary spending. Its decisions dictate precise funding for defense programs, scientific research (e.g., NIH, DOE), and infrastructure projects, directly impacting Coherent's major government and industrial customer segments.

Health, Education, Labor, and Pensions

This committee regulates the FDA and NIH, directly impacting funding for biomedical research (a key market for Coherent's instruments) and influencing pharmaceutical/biotech companies that are significant customers. Labor laws also broadly affect manufacturing costs.

Armed Services

This committee authorizes the annual NDAA, directly influencing the revenue streams for defense contractors and R&D funding for military technologies, both critical areas for Coherent's advanced optics, lasers, and manufacturing solutions.

Commerce, Science, and Transportation

The 'Science' aspect directly relates to funding for scientific research, a key market for Coherent. Additionally, its broad oversight of interstate commerce and impact on aerospace and technology industries (customers for Coherent's high-precision manufacturing) makes it highly relevant.

Energy and Natural Resources

This committee directly impacts the Department of Energy (DOE), a major funding source for scientific research, and sectors like oil/gas, mining, and renewable energy that utilize Coherent's analytical instruments and industrial lasers.