Coherent Corp. (COHR)
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.
- Ticker
- COHR
- Exchange
- NYSE
- Sector
- Technology
- Industry
- Scientific & Technical Instruments
- Market cap
- $37.83B
- 52-week range
- $130.42 - $440.00
Valuation
- Share price
- $192.81 (close of Nov 6, 2026)
- P/E (TTM)
- 38.10x
- Price to book
- 3.24x
- Price to free cash flow
- -20.63x
- Enterprise value
- $40.43B
- Book value per share
- $59.43
Price performance
| Period | Change |
|---|---|
| 1 day | +13.58% |
| 5 days | -8.33% |
| 1 month | -43.02% |
| 3 months | -42.31% |
| 6 months | -44.06% |
| Year to date | +4.46% |
| 1 year | +21.04% |
| 3 years | +487.48% |
| 5 years | +200.09% |
| 10 years | +614.11% |
| All time | +47,360.92% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 4.64%
- Shares short
- 9.05M
- Days to cover
- 1.17
- Change since prior report
- -18.05%
- Source
- FINRA consolidated short interest
Members of Congress who disclosed COHR trades
Markwayne Mullin · Lisa McClain · Gilbert Ray Cisneros · Sheldon Whitehouse
Super investors holding COHR
Dodge & Cox (Dodge & Cox Funds) · Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates) · First Eagle Investment (First Eagle Investment Management, LLC) · Lee Ainslie (Maverick Capital LTD)
Profitability and growth
- Return on equity
- 7.16%
- Return on invested capital
- 6.61%*
- Return on assets
- 4.40%
- Return on capital employed
- 6.72%*
- Gross margin
- 37.50%
- Net margin
- 11.31%
- EBITDA margin
- 22.17%
- Revenue growth
- 22.51%
* Estimated EBIT: pre-tax income + net interest. This company reports no operating income line.
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -4.85%
- Current ratio
- 2.29x
- Net debt to EBITDA
- 1.51x
Latest reported year
- Period end
- Jun 30, 2026
- Fiscal year
- 2026
- Revenue
- $7.12B
- Cost of revenue
- $4.45B
- Gross profit
- $2.67B
- EBITDA
- $1.58B
- Net income
- $805.00M
- Earnings per share
- $4.34
- Research and development
- $722.95M
- Interest expense
- $190.27M
- Shares outstanding
- 177.27M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2026-06-30 | $7.12B | $2.67B | $805.00M | $4.34 |
| 2025-06-30 | $5.81B | $2.04B | $49.36M | -$0.52 |
| 2024-06-30 | $4.71B | $1.46B | -$156.15M | -$1.84 |
| 2023-06-30 | $5.16B | $1.62B | -$259.46M | -$2.93 |
| 2022-06-30 | $3.32B | $1.27B | $234.76M | $1.57 |
| 2021-06-30 | $3.11B | $1.18B | $297.55M | $2.50 |
| 2020-06-30 | $2.38B | $791.18M | -$67.03M | -$0.79 |
| 2019-06-30 | $1.36B | $521.35M | $107.52M | $1.69 |
| 2018-06-30 | $1.16B | $462.20M | $88.00M | $1.41 |
| 2017-06-30 | $972.05M | $388.36M | $95.27M | $1.52 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2026-06-30 | 37.50% | 11.31% | 7.16% | 6.61%* |
| 2025-06-30 | 35.17% | 0.85% | 0.82% | 2.76%* |
| 2024-06-30 | 30.93% | -3.32% | -2.80% | 0.86% |
| 2023-06-30 | 31.36% | -5.03% | -5.20% | -0.20% |
| 2022-06-30 | 38.16% | 7.08% | 6.49% | 6.04% |
| 2021-06-30 | 37.91% | 9.58% | 8.74% | 7.01% |
| 2020-06-30 | 33.24% | -2.82% | -3.23% | 0.81% |
| 2019-06-30 | 38.26% | 7.89% | 9.49% | 7.96% |
| 2018-06-30 | 39.89% | 7.59% | 8.59% | 7.01% |
| 2017-06-30 | 39.95% | 9.80% | 10.58% | 7.41% |
* Estimated EBIT: pre-tax income + net interest. This company reports no operating income line.
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2026-06-30 | $1.99B | $3.21B |
| 2025-06-30 | $909.20M | $3.50B |
| 2024-06-30 | $926.03M | $4.03B |
| 2023-06-30 | $821.31M | $4.23B |
| 2022-06-30 | $2.58B | $1.90B |
| 2021-06-30 | $1.59B | $1.31B |
| 2020-06-30 | $493.05M | $2.19B |
| 2019-06-30 | $204.87M | $443.16M |
| 2018-06-30 | $247.04M | $419.01M |
| 2017-06-30 | $271.89M | $322.02M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2026-06-30 | -$1.02B | $186.47M |
| 2025-06-30 | $192.76M | $160.24M |
| 2024-06-30 | $198.91M | $126.05M |
| 2023-06-30 | $197.97M | $148.87M |
| 2022-06-30 | $99.00M | $73.21M |
| 2021-06-30 | $428.02M | $70.95M |
| 2020-06-30 | $160.41M | $68.48M |
| 2019-06-30 | $41.35M | $21.95M |
| 2018-06-30 | $7.58M | $15.31M |
| 2017-06-30 | -$19.90M | $11.76M |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-11-04 | Sep 2026 | $1.80 |
| 2026-08-12 | Jun 2026 | $1.43 |
| 2026-05-06 | Mar 2026 | $1.23 |
| 2026-02-04 | Dec 2025 | $1.03 |
| 2025-11-05 | Sep 2025 | $0.85 |
| 2025-08-13 | Jun 2025 | $0.71 |
| 2025-05-07 | Mar 2025 | $0.64 |
| 2025-02-05 | Dec 2024 | $0.52 |
Filings and sources
- Company website
- coherent.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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