Buy Or Sell Opportunity • May 21
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 54% to €324. The fair value is estimated to be €259, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 81% in 2 years. Earnings are forecast to grow by 315% in the next 2 years. Reported Earnings • May 07
Third quarter 2026 earnings released: EPS: US$1.01 (vs US$0.11 loss in 3Q 2025) Third quarter 2026 results: EPS: US$1.01 (up from US$0.11 loss in 3Q 2025). Revenue: US$1.81b (up 21% from 3Q 2025). Net income: US$191.4m (up US$208.4m from 3Q 2025). Profit margin: 11% (up from net loss in 3Q 2025). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Electronic industry in Europe. Buy Or Sell Opportunity • May 05
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 58% to €291. The fair value is estimated to be €236, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings are also forecast to grow by 37% per annum over the same time period. Announcement • Apr 22
Coherent Corp. to Report Q3, 2026 Results on May 06, 2026 Coherent Corp. announced that they will report Q3, 2026 results After-Market on May 06, 2026 Announcement • Apr 10
Coherent Corp. Advances Silicon Carbide Epitaxy Capabilities for High-Voltage Power Devices Coherent Corp. announced advancements in its silicon carbide (SiC) epitaxy capabilities, enabling power devices up to 10kV for next-generation AI datacenter and industrial power applications. As industrial electrification accelerates, demand is rising for more efficient, higher-voltage power systems across renewable energy, rail, fast-charging infrastructure, and grid infrastructure. Meanwhile, the growth of AI workloads is driving the need for ultra-efficient, high-power-density architectures in datacenters, where every gain in conversion efficiency reduces energy consumption and operating cost. Coherent’s latest 150mm and 200mm thick epitaxy platforms support device architectures up to 10kV in production. These platforms have demonstrated capability extending even beyond 10kV, enabling improved performance in demanding operating environments. These advancements allow customers to develop more compact, energy-efficient power conversion systems for both multi-megawatt datacenters as well as industrial infrastructure, while meeting the reliability requirements of large-scale deployments. Coherent continues to expand its silicon carbide technology portfolio, from substrates to advanced epitaxy, to support customers across industrial, automotive, and energy markets, including the rapidly growing segment of high-efficiency datacenter power systems, reinforcing its leadership in wide-bandgap semiconductor materials. Announcement • Mar 23
Tower Semiconductor Ltd and Coherent Corp Demonstrate 400Gbps/Lane Data Transmission with A Silicon Modulator in A Production-Ready Sipho Process Tower Semiconductor Ltd. and Coherent Corp. announced a breakthrough demonstration of 400 Gbps/lane data transmission using a silicon modulator built in a production-ready silicon photonics (SiPho) process. This achievement targets next-generation 3.2T optical transceivers and extends the capabilities of silicon for pluggable transceivers and Co-Packaged Optics (CPO) in datacenter connections. Details of the modulator were presented last week at OFC. The demonstration showed a clear open eye at 420 Gb/s PAM4, and utilized Coherent's InP CW high power laser. The performance milestone was enabled by the strong collaboration between Coherent's advanced design expertise and Tower Semiconductor's industry-leading SiPho platform. The Optical transceiver market continues to outpace prior projections and next-generation bandwidth is required to continue the exponential growth in AI infrastructure. For additional information about Tower Semiconductor's SiPho technology platform, visit here. Announcement • Mar 21
Coherent Corp.(NYSE:COHR) dropped from Russell Small Cap Comp Value Index Coherent Corp.(NYSE:COHR) dropped from Russell Small Cap Comp Value Index Announcement • Mar 18
Coherent Corp. Demonstrates InP Technology Innovation With a Broad Range of Products Coherent Corp. announced that it will highlight the breadth and scalability of its Indium Phosphide (InP) innovations at OFC 2026, showcasing a broad comprehensive portfolio of lasers, modulators, photodiodes, and subsystems that power next-generation datacenter architectures. Coherent’s expanding InP-based portfolio includes a 400mW high-power CW laser for co-packaged optics (CPO) and silicon photonics pluggables; 200G EML solutions for 1.6T transceivers; differential EMLs (D-EML) enabling 400G/lane performance for emerging pluggables at 3.2T and beyond; high-speed 200G and 400G photodiodes; and scale-across transmission innovations such as the nano-Integrated Tunable Laser Assemblies (nITLA), 800G and 1.6T IQ modulators, and other optical sub-assemblies. Together, these technologies form an industry-leading comprehensive InP-enabled solution set spanning scale out, scale up as well as scale-across applications, with co-packaged optics (CPO), pluggable transceivers, and optical transport solutions. Coherent’s InP-enabled technologies will be demonstrated at OFC 2026 at Booth 1401. Announcement • Mar 13
Coherent Corp Announces Advancements In Scale-Across Portfolio With Multi-Rail Optical Transport Platform And DCI Transceivers Coherent Corp. announced advancements in its scale-across portfolio, including its multi-rail optical transport platform combined with its Datacenter Interconnect (DCI) transceivers. These innovations address the accelerating bandwidth and efficiency requirements demanded by artificial intelligence (AI) network expansion. Coherent has significantly enhanced its compact multi-rail platform for improved efficiency in transport equipment, enabling four C+L band transport rails within a single 1RU in-line amplifier (ILA) card. This resource pooling innovation results in unprecedented system power efficiency and significantly higher transport capacity in the same system footprint. This advancement is underpinned by several of Coherent’s proprietary and award-winning optical building blocks, including high-power multi-port 980nm pump lasers, octal dynamic gain equalizers (DGE), compact multi-port Optical Time Domain Reflectometers (OTDR), multi-port C+L Optical Channel Monitors (OCM), and ultra-high performance multi-port OCMs. These technologies leverage the company’s unique, broad, and deep vertical technology stack, ranging from advanced materials such as garnet, optics, and specialty fiber to components and subsystems. Coherent’s DCI transceiver portfolio spans 100G, 400G, and 800G solutions currently in production, supporting hyperscale and carrier-class interconnect applications. The portfolio includes recently qualified 100G-ZR bi-directional (BiDi) modules designed to maximize existing fiber infrastructure utilization while enabling efficient metro and regional connectivity. Coherent is also expanding production of its new nano-Integrated Tunable Laser Assembly (nano-ITLA), which delivers extremely high optical output power with a narrow linewidth. Together, these solutions provide scalable, high-performance interconnect capabilities optimized for AI cluster scale-across and DCI architectures. A live demonstration of the multi-rail technology with the 800G-ZR DCI transceivers will take place at OFC 2026. Attendees are invited to visit Coherent at Booth 1401 to learn more about the company’s comprehensive portfolio of optical transport solutions powering AI-driven network infrastructure. Announcement • Mar 10
Coherent Corp. Announces New Uncooled 980nm Micro-Pump Lasers Coherent Corp. announced new single- and dual-chip uncooled 980nm micro-pump lasers delivering up to 700mW per fiber output in a compact 3-pin module package. Designed to support next-generation coherent transmission systems and to enable ultra-high-density multi-rail optical amplifiers, the new devices deliver higher output power, greater efficiency, and enhanced design flexibility in space-constrained environments - critical enablers for efficient scale-across networks. As optical networks scale to meet the growing demands of AI, cloud infrastructure, and high-capacity transport, amplifier architectures must provide higher output power without increasing footprint or energy consumption. Coherent’s latest uncooled single-mode micro-pump lasers deliver up to 700mW output with less than 3W of power consumption per fiber, operating reliably across a wide temperature range from -20°C to 85°C. By eliminating the need for active cooling while maintaining high performance and thermal stability, these new micro-pumps enable customers to design denser, more energy-efficient amplifier solutions - foundational building blocks for scale-across optical systems. Samples of the new devices are available now, with volume production expected to begin in calendar Second Quarter 2026. Attendees of OFC 2026 are invited to visit Coherent at Booth 1401 to learn more about these high-power uncooled pump lasers and the company’s comprehensive optical component portfolio. Announcement • Mar 07
Coherent Corp. Announces General Availability of Dual-Laser Qsfp28-Dco Module for Single Fiber Transmission Coherent Corp. announced the general availability of the industry’s first dual-laser QSFP28-DCO module designed to enable bi-directional 100G coherent transmission over a single working fiber. The new module allows network operators to deploy bi-directional 100G coherent links over a single fiber, an essential capability for routes where fiber availability is limited or costly to expand. By enabling multiple 100G services on existing infrastructure, customers can significantly increase network capacity, extend reach up to 300km, and achieve up to a 10x capacity upgrade compared to legacy 10G bi-directional links. The solution allows service providers to maximize fiber plant utilization while maintaining operational simplicity and compatibility with deployed equipment. The dual-laser QSFP28-DCO is generally available beginning in March 2026. The solution leverages the same proven technology platform used in Coherent’s single-laser QSFP28-DCO modules, which have been successfully deployed worldwide for the past two years. Announcement • Mar 06
Coherent Corp. Introduces Thermadite Liquid Cold Plates for High-Power Compute Applications Coherent Corp. announced the launch of Thermadite 800 Liquid Cold Plates (LCP) for next-generation AI accelerator cooling. Thermadite 800 delivers thermal conductivity of 800W/(m·K) - approximately twice that of copper - combined with a low coefficient of thermal expansion and high dimensional stability. Together, these properties reduce chip temperatures through superior heat spreading and low-resistance thermal interfaces. In high heat flux AI accelerator environments, Thermadite 800 LCPs can reduce chip temperatures by more than 15°C compared to conventional copper cold plates. The material also offers roughly 60% lower density than copper, enabling high-performance cooling in mass-sensitive systems. Thermadite is formed by integrating diamond into the SiC matrix creating a stiff, stable, and highly thermal conductive material. The properties of Thermadite 800 provide a platform that supports aggressive liquid cooling without the warpage, stress, or reliability concerns associated with metal and metal-diamond cold plates. LCPs built with Thermadite 800 can include complex internal microchannel architectures optimized to real chip heat maps. These designs focus cooling on localized hot spots, minimizing pressure drop and coolant usage, enabling more efficient heat removal and reducing overall cooling system operating cost. Thermadite 800 LCPs leverage Coherent’s vertically integrated materials development, precision fabrication, and high-volume manufacturing capabilities. Examples of Thermadite 800 LCPs will be featured at the SEMI-THERM Symposium & Exposition 2026 and the Optical Fiber Communication Conference and Exhibition (OFC) 2026. Announcement • Mar 03
Coherent Corp. announced that it has received $1.999999745 billion in funding from NVIDIA Corporation Coherent Corp. entered into a Securities Purchase Agreement for completion of private placement to issue 7,788,161 shares at an issue price of $256.80 for the proceeds of $1,999,999,744.8 on March 2, 2026. Transaction involves participation of NVIDIA Corporation as a new investor. The Shares were issued and sold to investor in a private placement relying upon the exemption provided by Section 4(a)(2) of the Securities Act of 1933, as amended. Reported Earnings • Feb 05
Second quarter 2026 earnings released: EPS: US$0.87 (vs US$0.46 in 2Q 2025) Second quarter 2026 results: EPS: US$0.87 (up from US$0.46 in 2Q 2025). Revenue: US$1.69b (up 18% from 2Q 2025). Net income: US$145.1m (up 104% from 2Q 2025). Profit margin: 8.6% (up from 5.0% in 2Q 2025). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Electronic industry in Italy. Announcement • Feb 05
Coherent Corp. Provides Earnings Guidance for the Third Quarter of Fiscal Year 2026 Coherent Corp. provided earnings guidance for the third quarter of fiscal year 2026. For the period, The company expects Revenue to be between $1.70 billion and $1.84 billion. Announcement • Jan 22
Coherent Corp. to Report Q2, 2026 Results on Feb 04, 2026 Coherent Corp. announced that they will report Q2, 2026 results at 4:00 PM, US Eastern Standard Time on Feb 04, 2026 Announcement • Jan 20
Coherent Expands Thermal Management Portfolio with High-Performance Bondable Diamond Solutions Coherent Corp. announced the launch of its Bondable Diamond solutions for thermal management: a diamond solution engineered with a specialized surface finish that enables direct bonding to semiconductor die for electronic and opto-electronic applications. By eliminating or dramatically reducing thermal interface resistance, bondable diamond significantly improves device cooling performance. Coherent's bondable diamond features precisely controlled surface roughness, flatness, coatings, and preparation, enabling direct bonding to semiconductor materials including silicon, silicon carbide, gallium nitride, aluminum gallium nitride, gallium arsenide, and indium phosphide. Bonding solutions may also incorporate high-thermal-conductivity interlayers and metallic coatings to meet customer requirements. Conventional thermal spreaders rely on Thermal Interface Materials (TIMs), whose thermal resistance limits overall performance. Direct bonding - enabled by Coherent's bondable diamond through fusion, hybrid, or metallic bonding - reduces interface thermal resistance by up to 99% and can be implemented on die sizes up to 100mm square. Coherent uniquely combines production-scale diamond growth, world-class surface finishing, advanced coating technologies, and deep semiconductor process expertise. This vertically integrated capability enables the design and manufacture of high-performance, high-yield bondable diamond thermal spreaders at scale. Coherent partners closely with customers to solve complex thermal and process-integration challenges on die sizes up to 100um. Bondable diamond can be combined with other Coherent materials, including solutions from Coherent Ceramics, and may incorporate features such as conductive elements, vias, channels, and optical structures. Coherent is actively collaborating with customers to develop materials, coatings, and bonding processes compatible with their device fabrication workflows. Announcement • Jan 16
Coherent Corp. Introduces FieldMax Touch and FieldMax Touch Pro Coherent Corp. announced the launch of FieldMax Touch and FieldMax Touch Pro, a new family of compact, rugged laser power and energy meters designed to bring lab-grade performance into production and field service environments. Designed to replace the legacy FieldMate and FieldMaxII platforms, the new meters feature a modern 5-inch color touchscreen, Ethernet and USB connectivity, and compatibility with Coherent's full range of DB25 sensors. FieldMax Touch Pro adds 1 kHz pulse-by-pulse energy measurement using pyroelectric sensors. As demand grows for high-accuracy, easy-to-use laser diagnostics across manufacturing, QA, R&D, and service, customers require portable meters that offer the precision, analytics, and connectivity of a laboratory console capabilities not available in earlier handheld generations. FieldMax Touch addresses these requirements by extending the user experience and measurement integrity of the LabMax Touch lab console into a portable, field-ready platform, while protecting customers' existing sensor investments. Two variants are available: FieldMax Touch for power-only measurements and FieldMax Touch Pro for power plus 1 kHz energy capture. Shared interfaces, UI, and mounting accessories simplify deployment across large sites. FieldMax Touch meters complement the full sensor portfolio of Coherent, the LabMax Touch console, and the broad range of industrial, scientific, and instrumentation lasers. Coherent will showcase FieldMax Touch at Photonics West 2026, with general availability in late January 2026 and first shipments in mid-February 2026. Buy Or Sell Opportunity • Jan 15
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 80% to €176. The fair value is estimated to be €135, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 577% in the next 2 years. Announcement • Jan 15
Coherent Corp. Announces the Launch of the Sapphire Xt Coherent Corp. announced the launch of the Sapphire XT, a new mid-power visible laser platform based on the company's proven Optically Pumped Semiconductor (OPS) technology. Sapphire XT debuts as an impressively compact, one-box solution with an integrated controller and available at 488nm, 532nm, and 561nm, each delivering 1W of output power. This new laser system has a footprint comparable to a smartphone, doubling the performance of previous models while reducing the overall size by more than 50%. Advanced life science applications such as super-resolution microscopy and DNA sequencing require laser wavelengths precisely aligned with fluorescent dyes absorption peaks, along with increased output power for higher resolution and throughput. Instrument manufacturers seek to reduce system complexity and cost through greater laser integration by incorporating more functionality directly into the laser. Emerging quantum sensing, holography, and semiconductor applications further demand ultra-low noise, long-term power stability, and exceptional reliability. Sapphire XT meets these needs by offering a fully integrated laser platform that introduces intrinsic modulation enabled by OPS technology. Its direct electrical modulation interface eliminates the need for external components such as Acousto-Optic Modulators, reducing cost and simplifying integration. The system supports customized wavelengths and optional single-mode or multi-mode fiber coupling. Compatibility with the Coherent OBIS XT platform extends coverage to 640nm in the red spectral region and key UV wavelengths between 261nm and 360nm. Together, Sapphire XT and OBIS XT enable multi-wavelength solutions (488nm, 561nm, and 640nm) for super-resolution microscopy, all with matched form factors and 1W power levels to help reduce significantly build spaces and control architecture complexity. Coherent will showcase the new Sapphire XT platform at BiOS Expo & Photonics West 2026 from January 17 to January 22, 2026, at the Moscone Convention Center in San Francisco. Announcement • Jan 13
Coherent Expands WaveShaper Portfolio with the New 1000A Sharp High-Resolution Programmable Optical Filter Coherent Corp. announced the launch of the WaveShaper 1000A Sharp, a new programmable optical filter delivering fine ('sharp') frequency resolution. Featuring a 5GHz resolution optical bandwidth, the WaveShaper 1000ASharp offers approximately two times finer resolution than previously available programmable optical filters, generating extremely steep filter slopes for advanced optical network and photonics applications. Coherent is the first to introduce a fiber-optic programmable filter with this level of resolution and slope performance. Optical networks for data center interconnects and long-haul telecommunications commonly incorporate multiple reconurable optical add-drop multiplexers (ROADMs), each contributing channel filtering effects. When cascaded, these filters can narrow the transmission spectrum and degrade signal quality. The WaveShaper 1000A Sharp enables network designers and system developers to accurately emulate and optimize these effects, supporting improved transmission performance in complex, meshed optical networks. In addition, applications such as microwave photonics, terahertz spectroscopy, and metrology require precise selection of spectral lines from optical frequency combs: the WaveShaper 1000A sharp is uniquely suited to meet these requirements due to its ability to create steep and highly selective, programmable filter profiles. The WaveShaper 1000 A Sharp is available as a benchtop instrument for laboratory operation and works seamlessly with Coherent's WaveAnalyzer™? family of high-resolution optical spectrum analyzers. The product is orderable now and shipping immediately, and will be showcased at Photonics West, Booth 4805. Buy Or Sell Opportunity • Dec 21
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 63% to €156. The fair value is estimated to be €128, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 577% in the next 2 years. Recent Insider Transactions • Dec 15
Independent Non-Employee Director recently sold €2.5m worth of stock On the 10th of December, Joseph Corasanti sold around 15k shares on-market at roughly €169 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.7m more than they bought in the last 12 months. Buy Or Sell Opportunity • Dec 05
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 94% to €159. The fair value is estimated to be €132, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 577% in the next 2 years. Announcement • Dec 04
Coherent Expands Silicon Carbide Platform with 300mm Capability to Support Growing Demand of AI and Datacenters Coherent Corp. announced a major milestone in its next-generation 300mm silicon carbide (SiC) platform to address increasing thermal efficiency demands in AI datacenter infrastructure. Coherent, a pioneer in large-diameter SiC substrates, has leveraged its proven 200mm platform expertise to develop a next-generation 300mm solution, engineered to manage rising thermal loads, that meets the accelerating performance and scalability needs of modern datacenters. As these systems demand higher power density, faster switching, and superior thermal management, the transition to larger diameter SiC wafers unlock major gains in energy efficiency and thermal performance. While datacenter thermal management applications are the primary focus of the platform, Coherent is also advancing its SiC technology for AR/VR devices and power electronics through continued materials innovation and expanded manufacturing capacity. The platform's conductive SiC substrates provide low resistivity, low defect density, and high homogeneity, enabling low-dissipation, high-frequency, and good thermal stability. In AI and data infrastructure, their superior properties boost energy efficiency and thermal performance in next-generation datacenter systems. The same technology enables thinner and more efficient waveguides for AR smart glasses and VR headsets, improving reliability in compact immersive display modules. In power electronics, the transition to 300mm allows more devices per wafer and reduces cost per chip, supporting applications such as electric vehicles, renewable energy systems and industrial automation. The 300mm platform reinforces Coherent's leadership in wide-bandgap semiconductor materials, enabling innovation across datacenters, optics and power applications. New Risk • Nov 19
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €2.0m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.8% average weekly change). Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (€2.0m sold). Recent Insider Transactions • Nov 18
Independent Non-Employee Director recently sold €1.4m worth of stock On the 14th of November, Michael Dreyer sold around 12k shares on-market at roughly €125 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months. Announcement • Nov 15
Coherent Introduces Axon FP - a Breakthrough Fiber-Delivered Femtosecond Laser for Multiphoton Microscopy Coherent Corp. announced the launch of the Axon FP, a new addition to the Axon family that redefines flexibility and accessibility in femtosecond laser technology. Designed for next-generation applications in life sciences, instrumentation, and metrology, the Axon FP provides a compact, air-cooled, rack-mountable laser source with a fiber-delivered, collimated output. Its fiber-delivered design eliminates the need for bulky optical bench setups and complex alignment, offering a compact, self-contained source. Available in 920nm and 1064nm wavelength configurations, the Axon FP produces high-quality femtosecond pulses with over 1W of output power, establishing a new standard for performance and ease of use in nonlinear imaging and related applications. Integrating all components and controls into one compact unit, the Axon FP dramatically simplifies optical integration. By delivering a collimated beam directly through fiber, it reduces the need for external optics, minimizes setup time, and lowers system costs. Users can easily move the system between setups without specialist alignment, enabling shared access and improved lab efficiency. Axon FP addresses a longstanding need in academic and industrial research for a truly portable, turnkey femtosecond laser solution. For example, Multiphoton microscopy continues to drive breakthroughs in neuroscience, cancer research, and immunology; Axon FP enables researchers to achieve superior image quality, depth, and reproducibility while reducing operational complexity and cost. Its integrated fast power modulation and adjustable dispersion pre-compensation ensure optimal pulse delivery, maximizing contrast and clarity in live imaging of complex biological systems. Announcement • Nov 11
Coherent Unveils EDGE CUT20 OEM Cutting Solution for Intelligent Metal Cutting at Photonix Japan 2025 Coherent Corp. announced the launch of the EDGE CUT20 OEM Cutting Solution, pairing the new CUT20 laser cutting head with EDGE FL20 fiber laser to deliver unmatched precision, control, and process intelligence for high-performance sheet-metal cutting. At the heart of the EDGE CUT 20 package is a co-engineered laser-and-optics architecture, designed from the ground up to operate in unison. This integration ensures unmatched alignment between beam delivery and optical performance, delivering maximum cutting speed, superior edge quality, and process stability across a wide range of materials and thicknesses. The new CUT20 cutting head, engineered for laser powers up to 20 kW, features MZ functionality - combining Z-axis (focus-position) control with magnification (spot-size) adjustment. This capability gives the flexibility to optimize both focus and beam diameter independently and in real time, for consistent performance across varying materials and thicknesses without manual reconfiguration. Enhancing the package further is SmartQD technology, which integrates process monitoring directly into the delivery fiber connector. SmartQD enables easy integration for pierce detection, loss-of-cut, and burn detection, providing real-time feedback without the need for external sensors. Built on the new EDGE FL fiber-laser platform, the EDGE CUT20 offers exceptional back-reflection resilience, modular scalability, and field- replaceable components for maximum uptime. Its compact, FPGA based design simplifies OEM integration and reduces total cost of ownership. Coherent will showcase the EDGE CUT20 at Photonix 2025 in Tokyo, underscoring commitment to intelligent, high-power fiber-laser cutting technology for machine tool OEMs worldwide. New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 57% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 57% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Announcement • Nov 07
Coherent Corp. Provides Earnings Guidance for the Second Quarter of Fiscal 2026 Coherent Corp. provided earnings guidance for the second quarter of fiscal 2026. For the period, Company expects Revenue to be between $1.56 billion and $1.70 billion. Reported Earnings • Nov 06
First quarter 2026 earnings released: EPS: US$1.24 (vs US$0.039 loss in 1Q 2025) First quarter 2026 results: EPS: US$1.24 (up from US$0.039 loss in 1Q 2025). Revenue: US$1.58b (up 17% from 1Q 2025). Net income: US$192.9m (up US$198.8m from 1Q 2025). Profit margin: 12% (up from net loss in 1Q 2025). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in Italy. Announcement • Oct 23
Coherent Corp. to Report Q1, 2026 Results on Nov 05, 2025 Coherent Corp. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Nov 05, 2025 Announcement • Oct 03
Coherent Corp., Annual General Meeting, Nov 13, 2025 Coherent Corp., Annual General Meeting, Nov 13, 2025. Announcement • Sep 23
Coherent Unveils A Family of Integrated Circuits for Next-Generation Optical Transceivers Coherent Corp. announced a new family of quad-channel integrated circuits that enable faster, more efficient optical transceivers for cloud, AI, and telecom networks. Coherent has been developing high-speed fiber-optic communication ASICs for over 25 years and is now leveraging its long and proven experience to extend its selected open-market portfolio. The new set of products includes a 4-channel driver for silicon photonics Mach-Zehnder modulators (CHR2075) designed for 800G and 1.6T pluggable modules, as well as a chipset consisting of a 4-channel differential transmission amplifier (CHR1094) and a Mach-Zehnder modulator driver amplifier (CHR2094) for 400G ZR/ZR+coherent optical links. Together, these ICs deliver performance with lower power consumption, helping network operators scale capacity while reducing energy use. All the ICs feature an integrated 10-bit monitoring ADC and are fully controllable through a 4-wire SPI interface. Samples of all the new ICs are available now. Full production release of the CHR1094 and CHR2094 is planned for November 2025, followed by the CHR2075 in December 2025. Coherent will showcase these innovations at ECOC 2025, booth C3124, where visitors can engage with experts, explore live demonstrations, and learn how these new ASICs enable the future of high-speed optical communications. Announcement • Sep 19
Coherent Introduces Next-Gen 2D Glass Molded Lens Array Coherent Corp. announced the development of a high-precision molded 2D lens array leveraging its glass molding platform. This breakthrough enables wafer-level manufacturing that expands the optical channels bandwidth, addressing critical challenges for advanced optical systems. The new 2D molded lens array delivers unprecedented performance in multi-channel optical signal transmission with high uniformity. By combining wafer-level scalability combined with precision engineering, it helps customers overcome bandwidth limitations and improve consistency, while significantly reducing production costs. These advantages make the new 2D lens array ideal for applications such as optical circuit switching, high-precision coupling, advanced imaging, sensing, and AR/VR devices. The high-precision glass molded 2D lens array has successfully passed sample qualification and will be generally available for orders and delivery starting in First Quarter 2026. Attendees can learn more and see the technology firsthand at ECOC 2025, Booth C3124. Announcement • Sep 18
Coherent Unveils Next-Gen WaveAnalyzer and WaveShaper to Accelerate Optical Network Testing Coherent Corp. introduced two powerful new instruments designed to make testing advanced optical networks faster, easier, and more precise: the WaveAnalyzer 200B Portable Optical Spectrum Analyzer and the WaveShaper 500B/X Programmable Optical Filter. The WaveAnalyzer 200B is the only battery-powered portable analyzer in the market capable of delivering up to two full sweep per second across the entire Super C-Band with an ultra-fine 650 MHz resolution bandwidth. This enables engineers to quickly and accurately check the quality of complex, high-capacity networks - whether during lab research, system installation, or field maintenance. The WaveShaper 500B/X offers unmatched flexibility for production testing of optical transceivers. It can precisely shape signal attenuation across the Super C- and L-Bands, covering more than 12.4 THz of spectrum. With a loading time of less than 100 milliseconds, it supports high-throughput manufacturing environments by cutting testing time and reducing the cost of tests. The WaveAnalyzer 200 B is the latest evolution of the widely adopted WaveAnalyzer 200A and will begin shipping in November 2025. The WaveShaper 500 B/X is built on Coherent's trusted Liquid Crystal on Silicon (LCoS) platform, already used in thousands of deployed units worldwide. Both products will be showcased at ECOC 2025 in Copenhagen, Denmark, September 29 - October 1, 2025. Announcement • Sep 17
Coherent Corp. Announces High-Performance Wire Grid Polarizers for Isolators in Datacom Transceivers Coherent Corp. announced the successful demonstration of a next-generation meta-wire based wire grid polarizer (WGP) designed for integration into optical isolators for high-speed datacom transceivers. For the first time, a WGP with dual-sided anti-reflective coating has achieved 50 dB extinction ratio and 98.5% efficiency. Building on its leadership in engineered metamaterials, Coherent has also advanced WGP design and manufacturing to deliver a scalable, reliable, and cost-effective solution for next-generation, AI-ready optical networks. The rapid adoption of AI is driving demand for faster optical transceivers with advanced components like polarizers to ensure stable, high-quality signals. The new non-absorptive wire grid polarizer from Coherent supports higher power levels in a smaller footprint, enabling high-density networking while integrating seamlessly with polarization diversity and garnet-based components. The wire grid polarizers are currently undergoing reliability testing and will be featured as part of Coherent technology showcase at ECOC 2025. Attendees are invited to visit the Coherent booth at C3124 to learn more about this breakthrough technology and explore how Coherent can power the future of datacom innovation. Announcement • Sep 16
Coherent Expands Laser Welding Portfolio with Highly Flexible WELD1D+ Processing Head Coherent Corp. announced the launch of the WELD1D+, a next-generation laser welding processing head with integrated application programming interface (API) control. The product will be showcased at the Schweissen & Schiden exhibition in Essen, Germany, the world's leading trade fair for joining, cutting, and surfacing technologies. The introduction of the WELD1D+ reinforces Coherent's position at the forefront of laser innovation and addresses the accelerating demand for high-productivity welding solutions across automotive, electric vehicle, consumer electronics, and heavy industrial manufacturing markets. By enabling software-controlled adaptability, the WELD1D+ significantly expands the range of applications addressable by a single processing head, lowering the true total cost of ownership to customers. The WELD1D+ supports a wide range of applications across multiple industries, giving manufacturers greater flexibility and lowering the need for multiple dedicated tools. It integrates seamlessly with the full Coherent fiber laser portfolio - from the brand-new EDGE and AIM series to the high-performance ARM ring-mode lasers - ensuring scalability as production requirements grow. With software-driven process control, customers gain higher throughput, reduced downtime, and improved yield, directly addressing the cost and efficiency challenges of today's manufacturing environments. The WELD1D& underlines Coherent's ability to develop differentiated, high-value technologies that align withular growth drivers in advanced manufacturing: It gives manufacturers a powerful way to reduce total cost of ownership, simplify integration with existing laser platforms, and achieve higher efficiency. By combining flexibility with scalability, it enables customers to stay competitive, accelerate innovation, and meet the demands of fast-moving markets such as electric vehicles, consumer electronics, and industrial manufacturing. Announcement • Sep 13
Coherent Corp. Unveils WELD2D MP Laser Welding Scanner at Schweissen & Schiden 2025 Coherent Corp. announced the launch of the WELD2D MP, an all-new laser welding scanner designed to redefine cost-performance standards. It will address applications in high-growth sectors, e-mobility (EV) and electronics. The WELD2D MP is purpose-built for critical applications in the fast-growing EV and power electronics markets, including foil-to-tab and thin busbar welding. By combining advanced precision with an optimized cost-performance balance, it empowers customers to scale production while maintaining the highest quality standards. The WELD2DMP is a key addition to established laser scanner portfolio. This launch demonstrates the company's ongoing commitment to innovation and customer-focused solutions. When combined with AIM, EDGE, and ARM Fiber Lasers, it delivers a formidable and integrated specialized OEM solution. The scanner's best-in-class value broadens its market appeal, allowing Coherent to scale its customer base and increase sales volumes. The WELD2Dmp expands the proven Coherent portfolio of laser scanning solutions and demonstrates its ongoing commitment to helping customers improve profitability, accelerate innovation, and meet the challenges of next-generation manufacturing. New Risk • Aug 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 6.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 14
Full year 2025 earnings released: US$0.52 loss per share (vs US$1.84 loss in FY 2024) Full year 2025 results: US$0.52 loss per share (improved from US$1.84 loss in FY 2024). Revenue: US$5.81b (up 23% from FY 2024). Net loss: US$80.5m (loss narrowed 71% from FY 2024). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Electronic industry in Italy. Announcement • Jul 31
Coherent Corp. to Report Q4, 2025 Results on Aug 13, 2025 Coherent Corp. announced that they will report Q4, 2025 results After-Market on Aug 13, 2025 Buy Or Sell Opportunity • Jul 29
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 66% to €92.80. The fair value is estimated to be €75.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jul 25
Coherent Introduces 100G Transimpedance Amplifiers for 400G/800G Optical Transceivers Coherent Corp. announced the addition of the 56 Gbaud PAM4 transimpedance amplifier (TIA) to its open-market ASIC portfolio. Designed for next-generation 400G and 800G optical transceivers, this new CHR1065 product family combines outstanding performance with practical system-level advantages. Its 2 uARMS input-referred noise enables superior receiver sensitivity for longer optical reach, while high linearity up to 2.5 mA ensures reliable performance across varying link budgets. At just 227 mW per channel, its power efficiency supports dense deployments in power-constrained datacenters, reducing operational costs and cooling demands. The 750 um optical pitch, advanced monitoring via I2C, and seamless four-device integration make it ideal for compact DR,FR, and LR module designs. The CHR1065 is available now as a wire-bondable bare die and has been fully released to volume production. Engineering samples are shipping in 25-piece waffle packs. Building on decades of deployment in Coherent optical transceivers, this TIA is backed by proven design reliability and JEDEC-standard lifetime testing. Announcement • Jun 25
Coherent Corp. Launches ACE FL, an All-New, Two-Micron Fiber Laser to Address the Expanding Opportunities in Urology and Other Medical Markets Coherent Corp. announced the launch of its ACE FL series, thulium fiber laser (TFL), engineered specifically for therapeutic medical applications - most notably for lithotripsy and benign prostatic hyperplasia (BPH) treatment. The new two-micron ACE FL system delivers superior precision, improved patient outcomes, and enhanced procedural efficiency compared to legacy laser technologies such as holmium:YAG systems. It is optimized for integration into surgical devices and laser systems used in minimally invasive procedures. Thulium fiber lasers offer superior cutting precision in BPH enucleation, a compact form factor ideal for OEM integration, and enhanced energy efficiency through lower power consumption and improved thermal management. The ACE FL platform leverages proprietary fiber designs and manufacturing capabilities to offer OEM partners a scalable, high-performance solution for next-generation surgical tools. In addition, Coherent enhances rapid ease of integration by multiplying the power of new ACE FL series with the surgically proven capabilities of superb range of disposable fiber assemblies. With vertically integrated manufacturing and IP-protected fiber designs, Coherent is uniquely positioned to support global medical device manufacturers with reliable supply and long-term innovation. Coherent will showcase the ACE FL at LASER World of Photonics Munich 2025. Announcement • Jun 24
Coherent Corp Introduces Osprey, a Compact Femtosecond Laser for Optogenetics, Microsurgery, and Medical Device Manufacturing Coherent Corp. its newest femtosecond laser designed for demanding applications in optogenetics, microsurgery, and medical device manufacturing. Engineered for precision and reliability, Osprey delivers pulse energies of up to 5 µJ and sub-350 fs pulse widths. Osprey delivers exceptional beam quality and pointing stability, all in a compact form factor and with industry-leading power efficiency. These features make it ideal for integration into precision microscopes and advanced medical tools. The introduction of Osprey comes at a pivotal moment as femtosecond lasers move beyond research settings into clinical and industrial environments. In these applications, repeatability, reliability, beam quality, and cost efficiency have become more critical than peak power. Osprey addresses these evolving needs with industrial-grade reliability, simplified integration, and high performance enabled by the latest ultrafast fiber laser technology. Osprey’s fiber-based architecture delivers significant performance advantages over competing systems. Leveraging deep expertise in ultrafast fiber technology, the laser generates high-quality pulses using specifically designed solid-core fibers that are virtually free of aging effects while maintaining superior ruggedness and pointing stability. With a power draw under 150 W, Osprey runs on a standard 24 V DC supply. Integrated AOM and wide dispersion pre-compensation enable smooth operation across complex optical paths, critical for wide field-of-view imaging and fiber delivery systems.Osprey complements the existing ultrafast portfolio from Coherent for two-photon optogenetics, which include the Monaco and the Axon series, optimized for two-photon calcium imaging. Together, this comprehensive lineup provides researchers and engineers with a complete toolkit for advanced bioimaging and microsurgery workflows. Announcement • Jun 20
Coherent Expands Factor Series Diode Pumps with Higher Power, Improved Efficiency, and New Wavelength Options Coherent Corp. announced major enhancements to its FACTOR series of fiber-coupled diode pumps. The upgraded portfolio now offers increased output power, improved efficiency, and a wider locking range for pump modules at 976 nm. In addition, a new high-power pump module at 793 nm has been introduced to support growing demand in medical and industrial laser applications. OEM laser manufacturers can benefit significantly from the FACTOR series, which offers reliable performance through automated, in-house micro-optics assembly that ensures high consistency and reliability. Designed for effortless integration, the system simplifies handling and installation, making it easy to incorporate into existing OEM laser systems. Additionally, the FACTOR series is volume-ready, supporting scalable manufacturing to meet high-volume demands and align with planned production cycles. Announcement • Jun 18
Coherent Expands PowerMax Line with PM15K+ High-Power Laser Sensor and New Backscatter Shield for PM10K+ Coherent Corp. announced the expansion of its PowerMax sensor portfolio with two new innovations: the PM15K+ high-power laser sensor and a new backscatter shield option for the PM10K+. These new solutions address the growing demand for accurate, efficient, and safe measurement of high-power laser systems in industrial environments. The PM15K+ sensor is designed to measure continuous laser power up to 15 kW, with the capability to handle intermittent power up to 20 kW. Featuring a large 100 mm x 100 mm active area, it accommodates wide beam diameters typically found in high-power diode and fiber laser systems. With a typical response time of just 5 seconds, the PM15K+ is ideal for high-throughput industrial settings that require fast, reliable laser power measurements. Coherent also introduced a major enhancement to its popular PM10K+ sensor--a backscatter shield that dramatically improves measurement accuracy and safety. The shield reduces reflected laser energy from 10-15% down to 1% or less, capturing stray laser light that might otherwise interfere with surrounding equipment or personnel. It features a 65 mm round input aperture and integrates seamlessly with existing PM10K+ systems. Both new offerings are generally available and are fully compatible with the Coherent LabMax-Pro and PowerMax-Pro systems, supporting a wide range of industrial manufacturing, scientific, and medical laser applications. Announcement • Jun 14
Coherent Launches Best-In-Class 18 W 880 nm Single-Emitter Laser Diode for High-Performance DPSS Systems Coherent Corp. launched the SES18-880A-190-10, a high-power 880 nm single-emitter laser diode on sub mount, designed specifically for high-efficiency, high-reliability pumping of diode-pumped solid-state (DPSS) lasers. Delivering 18 W optical output power with over 62% conversion efficiency and 97% polarization extinction ratio, the SES18-880 A-190-10 sets a new benchmark for DPSS pump lasers in terms of performance, reliability, and cost-effectiveness. With a 190 um emitter and one of the most competitive $/W ratios available in the 880 nm class, this product is ideal for precision applications requiring excellent beam quality and scalable power. Built on the 6-inch GaAs wafer platform from Coherent, the SES18-80A-190-10 benefits from fully vertically integrated manufacturing--from epitaxial wafer growth to chip design and sub mount packaging. Its advanced chip architecture ensures consistent performance, high polarization purity, and robust thermal management, making it a standout option for end-pumped DPSS systems. Its wavelength range (870-876 nm) and optimized front facet reflectivity are engineered for compatibility with Volume Bragg Grating (VBG) stabilization, offering precise wavelength control and alignment flexibility. Variations of the product are available at 878, 885, and 888 nm to support different DPSS gain media. Coherent also offers fiber-coupled modules using the same chip technology, supporting a wide range of integration needs. These modules, including the FACTOR series, provide scalable, high-efficiency pumping for advanced laser systems. The SES18-880A -190-10 is generally available. Announcement • Jun 13
Coherent Corp. Introduces Breakthrough Diamond-Silicon Carbide Material for Next Generation Thermal Management in Ai and High-Performance Computing Coherent Corp. announced the release of a groundbreaking diamond-loaded silicon carbide (SiC) ceramic composite, designed to tackle the thermal challenges of advanced AI datacenters and high-performance computing (HPC) systems. The patented diamond-silicon carbide material from Coherent achieves isotropic thermal conductivity exceeding 800 W/m-K, and delivers twice the performance of copper, the current industry benchmark. It also closely matches the coefficient of thermal expansion (CTE) of silicon, making it ideal for direct integration with semiconductor devices. Engineered for durability and versatility, this composite is corrosion-resistant, electrically insulating, and mechanically robust across a broad temperature range. It is fully compatible with direct liquid cooling (DLC) systems and integrates easily into modern server architectures and embedded cooling designs. Key applications include direct to chip heat spreading, microchannel cold plates (single- and two-phase), semiconductor device supports, and other advanced solutions where copper-based materials fall short. This innovation from Coherent marks a major step forward in thermal management, addressing the growing performance and energy-efficiency needs of AI infrastructure and HPC platforms. Reported Earnings • May 08
Third quarter 2025 earnings released: US$0.11 loss per share (vs US$0.29 loss in 3Q 2024) Third quarter 2025 results: US$0.11 loss per share (improved from US$0.29 loss in 3Q 2024). Revenue: US$1.50b (up 24% from 3Q 2024). Net income: US$15.7m (up US$60.1m from 3Q 2024). Profit margin: 1.0% (up from net loss in 3Q 2024). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Electronic industry in Italy. Announcement • May 08
Coherent Corp. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2025 Coherent Corp. provided earnings guidance for the fourth quarter of fiscal 2025. Revenue for the fourth quarter of fiscal 2025 is expected to be between $1.425 billion and $1.575 billion. 
