Coherent is riding a wave of demand from data centers powering artificial intelligence, while also reshaping its business to make more of what it sells in-house and rely less on one-off equipment sales. The big question is whether new factory buildouts and a major customer deal can outweigh tougher low-cost rivals and the stop-start nature of some end markets.Read more
Coherent sits in the middle of the rush to build and upgrade AI data centers, supplying the high-speed light-based parts that move data inside and between server farms. The key swing factor is whether it can scale a new laser manufacturing approach and ride new networking designs without demand cooling or execution issues getting in the way.Read more
Coherent is ramping up parts used in fast data-center and cloud connections, but a huge wave of spending on AI infrastructure could cool off and leave the industry with too much supply. If that happens, pricing and profits may get squeezed just as the company finishes expanding factories and capacity.Read more
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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.
