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 Coherent Corp.COHR US · Information Technology · USD Current price$310.26as of Sep 22, 2026 Summary
Analyst consensusStrong Buy 4Buy 14Hold 522 analysts 3-year price (USD)Factor profileMulti-factor score 19 / 100 Market data
Business descriptionCoherent Corp. is a global leader in materials, networking, and laser technologies, providing key components for optical communications and silicon photonics in next-generation data centers. Competitive moatBroad technology diversification across silicon photonics, EML, and VCSEL platforms, providing competitive advantages and downside protection that pure-play competitors lack. Backed by multi-billion-dollar strategic agreements and equity investment from NVIDIA. Recent developments
Investment risks / red flags
Financials
Classification
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Last updated: Aug 10, 2026
Current price: $310.26 · Sep 22, 2026· USD
CFRA Ratingbuy
TBI Multi Score19
Theme Exposure
Related Peers
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Factor Profile (Spider Chart)
TBI ModelPrice Chart (TradingView)
Symbol: COHRBusiness description
Coherent Corp. is a global leader in materials, networking, and laser technologies, providing key components for optical communications and silicon photonics in next-generation data centers.
Competitive moat
Broad technology diversification across silicon photonics, EML, and VCSEL platforms, providing competitive advantages and downside protection that pure-play competitors lack. Backed by multi-billion-dollar strategic agreements and equity investment from NVIDIA.
Recent developments
- NVIDIA Partnership: NVIDIA made a $2B equity investment in Coherent, combined with a multi-billion-dollar, multi-year purchase commitment focusing on advanced photonics and optics to solve data center power efficiency bottlenecks.
- CPO Timelines: Management confirmed expectation for "scale-out" CPO products to begin contributing to revenue in H2 CY 26, followed by "scale-up" products in H2 CY 27.
- Long-Term Backlog: Secured multiple long-term agreements from other large systems and data center customers extending through the end of the decade.
Investment risks / red flags
- High upfront capital costs and investment required for cutting-edge materials and fabrication.
- Subject to optical/laser supply chain constraints and semiconductor cycle volatility.
Market Data
Source: mkts.io · Sep 22, 2026, 16:00 UTC
Key Metrics
P/E (TTM)75.29
P/E (Fwd)22.23
Beta2.10
52W High$440.00
52W Low$102.14
Analyst Consensus
4
14
5
Strong Buy4Buy14Hold522 analysts
Consensus Target$415.36
+33.9% upside
Calendar Events
Next EarningsNov 4, 2026
Financials
Revenue$7.12B
Rev Growth33.70%
Gross Margin37.50%
Op Margin11.83%
Profit Margin11.31%
EBITDA$1.42B
ROA3.39%
ROE7.98%
Rev/Share$40.16
Total Cash$1.99B
Total Debt$3.55B
D/E Ratio31.61
Free Cash Flow-$649.98M
Op Cash Flow$79.51M
Current Ratio2.43
Forward Estimates
| Period | EPS Est | Rev Est |
|---|---|---|
| 0q | 1.96 | $2.30B |
| +1q | 2.19 | $2.53B |
| 0y | 9.42 | $10.62B |
| +1y | 13.96 | $14.67B |
Earnings
Quarterly EPS
3Q2025
Est: 1.041.16Beat
4Q2025
Est: 1.211.29Beat
1Q2026
Est: 1.391.41Beat
2Q2026
Est: 1.621.74Beat
Annual
2022
Rev $3.32BEarn $166.53M
2023
Rev $5.16BEarn -$403.67M
2024
Rev $4.71BEarn -$279.50M
2025
Rev $5.81BEarn -$80.60M
Rating Changes
| Date | Firm | Action | To |
|---|---|---|---|
| Sep 1, 2026 | Deutsche Bank | init | Buy |
| Aug 13, 2026 | Jefferies | main | Buy |
| Aug 13, 2026 | Morgan Stanley | main | Equal-Weight |
| Aug 13, 2026 | B. Riley Securities | main | Neutral |
| Aug 13, 2026 | Rosenblatt | main | Buy |
| Aug 13, 2026 | Needham | main | Buy |