{ "ticker": "COHR", "cik": "0000820318", "company": "Coherent Corp.", "business_type": "industrial", "schema_template": "standard (industrial/technology): revenue, cost of goods sold, gross profit, operating expense lines, pre-tax earnings, net earnings, EPS; balance sheet; cash flows; segment revenue and segment profit", "reporting_currency": "USD", "converted_to_usd": false, "units": "actual US dollars (not thousands); per-share amounts in dollars; share counts in actual shares", "units_notes_seen": { "FY2026 10-K Consolidated Balance Sheets": "($000)", "FY2026 10-K Consolidated Statements of Earnings (Loss)": "($000, except per share data)", "FY2026 10-K Consolidated Statements of Cash Flows": "($000)", "FY2026 10-K Consolidated Statements of Shareholders' Equity and Mezzanine Equity": "($000, including share amounts)", "FY2026 10-K Note 19, Earnings Per Share": "($000, except per share); share counts in thousands", "FY2026 10-K Note 20, Segment and Geographic Reporting": "($000)", "Q1 FY2027 10-Q Condensed Consolidated Balance Sheets": "($000)", "Q1 FY2027 10-Q Condensed Consolidated Statements of Earnings": "($000, except per share data)", "Q1 FY2027 10-Q Condensed Consolidated Statements of Cash Flows": "($000); the cash reconciliation table beneath it carries no separate note and ties to the balance sheet in $000", "Q1 FY2027 10-Q Note 17, Earnings Per Share": "($000, except per share data); share counts in thousands", "Q1 FY2027 10-Q Note 18, Segment Reporting": "($000)" }, "adjustments": { "splits_applied": [], "adr_ratio": null, "splits": "none; no stock split falls within the periods reported here", "adr": "not applicable; Coherent's common stock trades directly on the New York Stock Exchange", "fx": "none; Coherent reports in US dollars" }, "annual": [ { "fiscal_year": 2026, "label": "FY2026", "period_start": "2025-07-01", "period_end": "2026-06-30", "period_type": "fiscal year", "source_accession": "0000820318-26-000020", "income_statement": { "revenue": 7118181000, "cost_of_goods_sold": 4449141000, "research_and_development": 722952000, "selling_general_and_administrative": 1044566000, "restructuring_charges": 63390000, "impairment_of_assets_held_for_sale": 64404000, "gain_on_sale_of_business": 124133000, "interest_expense": 190267000, "other_income_net": 140139000, "total_costs_expenses_and_other_expense": 6270448000, "earnings_before_income_taxes": 847733000, "income_tax_expense": 60849000, "net_earnings": 786884000, "net_income_attributable_to_noncontrolling_interests": -18114000, "net_income_attributable_to_coherent": 804998000, "preferred_stock_dividends": 35102000, "net_income_available_to_common_shareholders": 769896000, "basic_eps": 4.34, "diluted_eps": 4.12, "diluted_net_income_available_to_common_shareholders": 804998000, "basic_weighted_average_shares": 177269000, "diluted_shares": 195387000, "gross_profit": 2669040000 }, "balance_sheet": { "cash_and_cash_equivalents": 1162018000, "restricted_cash_current": 35156000, "short_term_investments": 825000000, "inventories": 2581043000, "total_current_assets": 6925499000, "property_plant_and_equipment_net": 2999343000, "goodwill": 4375597000, "other_intangible_assets_net": 2884474000, "restricted_cash_noncurrent": 571222000, "total_assets": 18299852000, "current_portion_of_long_term_debt": 7916000, "accounts_payable": 1905357000, "total_current_liabilities": 2853929000, "long_term_debt": 3214308000, "total_liabilities": 7061652000, "total_coherent_shareholders_equity": 10903495000, "noncontrolling_interests": 334705000, "total_equity": 11238200000, "accounts_receivable_net": 1343278000, "mezzanine_equity": 0, "total_debt": 3222224000 }, "cash_flow": { "operating_cash_flow": 79514000, "capex": -1102909000, "depreciation": 241561000, "amortization": 280334000, "share_based_compensation": 186468000, "net_cash_from_investing_activities": -1413724000, "net_cash_from_financing_activities": 1477076000, "proceeds_from_issuance_of_common_shares": 1998552000, "preferred_dividends_paid_in_cash": -11438000, "net_change_in_cash_and_restricted_cash": 135483000, "free_cash_flow": -1023395000 }, "segments": { "datacenter_and_communications": { "revenue": 5274629000, "segment_profit": 1329719000 }, "industrial": { "revenue": 1843552000, "segment_profit": 422773000 }, "total_segment_profit": 1752492000 } }, { "fiscal_year": 2025, "label": "FY2025", "period_start": "2024-07-01", "period_end": "2025-06-30", "period_type": "fiscal year", "source_accession": "0000820318-26-000020", "income_statement": { "revenue": 5810115000, "cost_of_goods_sold": 3766793000, "research_and_development": 581924000, "selling_general_and_administrative": 926451000, "restructuring_charges": 160081000, "impairment_of_assets_held_for_sale": 84988000, "gain_on_sale_of_business": 0, "interest_expense": 243251000, "other_income_net": 47554000, "total_costs_expenses_and_other_expense": 5715934000, "earnings_before_income_taxes": 94181000, "income_tax_expense": 64124000, "net_earnings": 30057000, "net_income_attributable_to_noncontrolling_interests": -19307000, "net_income_attributable_to_coherent": 49364000, "preferred_stock_dividends": 129926000, "net_income_available_to_common_shareholders": -80562000, "basic_eps": -0.52, "diluted_eps": -0.52, "diluted_net_income_available_to_common_shareholders": -80562000, "basic_weighted_average_shares": 154755000, "diluted_shares": 154755000, "gross_profit": 2043322000 }, "balance_sheet": { "cash_and_cash_equivalents": 909200000, "restricted_cash_current": 8897000, "short_term_investments": 0, "inventories": 1437636000, "total_current_assets": 3927154000, "property_plant_and_equipment_net": 1877507000, "goodwill": 4471084000, "other_intangible_assets_net": 3204747000, "restricted_cash_noncurrent": 714816000, "total_assets": 14910936000, "current_portion_of_long_term_debt": 188306000, "accounts_payable": 846984000, "total_current_liabilities": 1794841000, "long_term_debt": 3498615000, "total_liabilities": 6429653000, "total_coherent_shareholders_equity": 5644514000, "noncontrolling_interests": 353508000, "total_equity": 5998022000, "accounts_receivable_net": 964051000, "mezzanine_equity": 2483261000, "total_debt": 3686921000 }, "cash_flow": { "operating_cash_flow": 633600000, "capex": -440836000, "depreciation": 250810000, "amortization": 302788000, "share_based_compensation": 160239000, "net_cash_from_investing_activities": -414215000, "net_cash_from_financing_activities": -451726000, "proceeds_from_issuance_of_common_shares": 0, "preferred_dividends_paid_in_cash": -11438000, "net_change_in_cash_and_restricted_cash": -156773000, "free_cash_flow": 192764000 }, "segments": { "datacenter_and_communications": { "revenue": 3755164000, "segment_profit": 903787000 }, "industrial": { "revenue": 2054951000, "segment_profit": 407490000 }, "total_segment_profit": 1311277000 } }, { "fiscal_year": 2024, "label": "FY2024", "period_start": "2023-07-01", "period_end": "2024-06-30", "period_type": "fiscal year", "source_accession": "0000820318-26-000020", "income_statement": { "revenue": 4707688000, "cost_of_goods_sold": 3251724000, "research_and_development": 478788000, "selling_general_and_administrative": 854001000, "restructuring_charges": 27054000, "impairment_of_assets_held_for_sale": 0, "gain_on_sale_of_business": 0, "interest_expense": 288475000, "other_income_net": 44707000, "total_costs_expenses_and_other_expense": 4855335000, "earnings_before_income_taxes": -147647000, "income_tax_expense": 11117000, "net_earnings": -158764000, "net_income_attributable_to_noncontrolling_interests": -2610000, "net_income_attributable_to_coherent": -156154000, "preferred_stock_dividends": 123357000, "net_income_available_to_common_shareholders": -279511000, "basic_eps": -1.84, "diluted_eps": -1.84, "diluted_net_income_available_to_common_shareholders": -279511000, "basic_weighted_average_shares": 151642000, "diluted_shares": 151642000, "gross_profit": 1455964000 }, "cash_flow": { "operating_cash_flow": 545731000, "capex": -346816000, "depreciation": 271601000, "amortization": 288160000, "share_based_compensation": 126049000, "net_cash_from_investing_activities": -350713000, "net_cash_from_financing_activities": 758272000, "proceeds_from_issuance_of_common_shares": 0, "preferred_dividends_paid_in_cash": 0, "net_change_in_cash_and_restricted_cash": 952120000, "free_cash_flow": 198915000 }, "segments": { "datacenter_and_communications": { "revenue": 2631369000, "segment_profit": 499968000 }, "industrial": { "revenue": 2076319000, "segment_profit": 297706000 }, "total_segment_profit": 797674000 } } ], "quarterly": [ { "fiscal_year": 2027, "fiscal_quarter": 1, "label": "Q1 FY2027", "period_start": "2026-07-01", "period_end": "2026-09-30", "period_type": "three months", "source_accession": "0000820318-26-000023", "income_statement": { "revenue": 2370324000, "cost_of_goods_sold": 1442559000, "research_and_development": 236599000, "selling_general_and_administrative": 304720000, "restructuring_charges": 8580000, "impairment_of_assets_held_for_sale": 0, "gain_on_sale_of_business": 0, "interest_expense": 46330000, "other_income_net": 27218000, "total_costs_expenses_and_other_expense": 2011570000, "earnings_before_income_taxes": 358754000, "income_tax_expense": -22847000, "net_earnings": 381601000, "net_income_attributable_to_noncontrolling_interests": -3072000, "net_income_attributable_to_coherent": 384673000, "preferred_stock_dividends": 0, "net_income_available_to_common_shareholders": 384673000, "basic_eps": 1.96, "diluted_eps": 1.9, "diluted_net_income_available_to_common_shareholders": 384673000, "basic_weighted_average_shares": 196213000, "diluted_shares": 202026000, "gross_profit": 927765000 }, "balance_sheet": { "cash_and_cash_equivalents": 1552929000, "restricted_cash_current": 44576000, "short_term_investments": 200000000, "inventories": 3341373000, "total_current_assets": 7924266000, "property_plant_and_equipment_net": 3869814000, "goodwill": 4448341000, "other_intangible_assets_net": 2815867000, "restricted_cash_noncurrent": 538838000, "total_assets": 20247646000, "current_portion_of_long_term_debt": 19887000, "accounts_payable": 2506431000, "total_current_liabilities": 3456637000, "long_term_debt": 3980711000, "total_liabilities": 8585913000, "total_coherent_shareholders_equity": 11330017000, "noncontrolling_interests": 331716000, "total_equity": 11661733000, "accounts_receivable_net": 1604217000, "total_debt": 4000598000 }, "cash_flow": { "operating_cash_flow": -92681000, "capex": -775547000, "depreciation": 77665000, "amortization": 69451000, "share_based_compensation": 74377000, "net_cash_from_investing_activities": -200915000, "net_cash_from_financing_activities": 664612000, "preferred_dividends_paid_in_cash": 0, "net_change_in_cash_and_restricted_cash": 367947000, "free_cash_flow": -868228000 }, "segments": { "datacenter_and_communications": { "revenue": 1951725000, "segment_profit": 508683000 }, "industrial": { "revenue": 418599000, "segment_profit": 121745000 }, "total_segment_profit": 630428000 } }, { "fiscal_year": 2026, "fiscal_quarter": 1, "label": "Q1 FY2026", "period_start": "2025-07-01", "period_end": "2025-09-30", "period_type": "three months", "source_accession": "0000820318-26-000023", "income_statement": { "revenue": 1581378000, "cost_of_goods_sold": 1002178000, "research_and_development": 154877000, "selling_general_and_administrative": 252084000, "restructuring_charges": 19276000, "impairment_of_assets_held_for_sale": 9100000, "gain_on_sale_of_business": 115211000, "interest_expense": 58721000, "other_income_net": 16533000, "total_costs_expenses_and_other_expense": 1364492000, "earnings_before_income_taxes": 216886000, "income_tax_expense": -8310000, "net_earnings": 225196000, "net_income_attributable_to_noncontrolling_interests": -1153000, "net_income_attributable_to_coherent": 226349000, "preferred_stock_dividends": 33479000, "net_income_available_to_common_shareholders": 192870000, "basic_eps": 1.24, "diluted_eps": 1.19, "diluted_net_income_available_to_common_shareholders": 226349000, "basic_weighted_average_shares": 156156000, "diluted_shares": 190684000, "gross_profit": 579200000 }, "balance_sheet": { "cash_and_cash_equivalents": 852778000, "restricted_cash_current": 22549000, "restricted_cash_noncurrent": 677573000, "total_equity": 6182113000, "noncontrolling_interests": 351914000 }, "cash_flow": { "operating_cash_flow": 45955000, "capex": -103946000, "depreciation": 52983000, "amortization": 69446000, "share_based_compensation": 44134000, "net_cash_from_investing_activities": 296798000, "net_cash_from_financing_activities": -421486000, "preferred_dividends_paid_in_cash": -11438000, "net_change_in_cash_and_restricted_cash": -80013000, "free_cash_flow": -57991000 }, "segments": { "datacenter_and_communications": { "revenue": 1090000000, "segment_profit": 269294000 }, "industrial": { "revenue": 491378000, "segment_profit": 116629000 }, "total_segment_profit": 385923000 }, "balance_sheet_note": "The 10-Q does not print a September 30, 2025 balance sheet; it compares September 30, 2026 with June 30, 2026. For September 30, 2025 it gives cash and cash equivalents and restricted cash (current and non-current) in the reconciliation of cash, cash equivalents and restricted cash beneath the cash flow statement, and equity balances (total equity of $6,182,113 thousand, noncontrolling interests of $351,914 thousand, and $2,505,302 thousand of mezzanine Series B preferred equity) in the statement of equity and mezzanine equity. Asset, liability and debt totals for that date are not printed." } ], "year_to_date": { "label": "Three months ended September 30, 2026 (Q1 FY2027 year to date)", "period_start": "2026-07-01", "period_end": "2026-09-30", "period_type": "year to date (three months)", "source_accession": "0000820318-26-000023", "income_statement": { "revenue": 2370324000, "cost_of_goods_sold": 1442559000, "earnings_before_income_taxes": 358754000, "net_earnings": 381601000, "net_income_attributable_to_coherent": 384673000, "net_income_available_to_common_shareholders": 384673000, "basic_eps": 1.96, "diluted_eps": 1.9, "diluted_net_income_available_to_common_shareholders": 384673000, "diluted_shares": 202026000, "gross_profit": 927765000 }, "cash_flow": { "operating_cash_flow": -92681000, "capex": -775547000, "free_cash_flow": -868228000 }, "prior_year_comparative": { "label": "Three months ended September 30, 2025 (Q1 FY2026 year to date)", "period_start": "2025-07-01", "period_end": "2025-09-30", "period_type": "year to date (three months)", "source_accession": "0000820318-26-000023", "income_statement": { "revenue": 1581378000, "cost_of_goods_sold": 1002178000, "earnings_before_income_taxes": 216886000, "net_earnings": 225196000, "net_income_attributable_to_coherent": 226349000, "net_income_available_to_common_shareholders": 192870000, "basic_eps": 1.24, "diluted_eps": 1.19, "diluted_net_income_available_to_common_shareholders": 226349000, "diluted_shares": 190684000, "gross_profit": 579200000 }, "cash_flow": { "operating_cash_flow": 45955000, "capex": -103946000, "free_cash_flow": -57991000 } }, "note": "The first quarter of fiscal 2027 is also the fiscal year to date, so these figures equal the Q1 FY2027 quarter." }, "trailing_twelve_months": { "label": "Trailing twelve months ended September 30, 2026", "period_start": "2025-10-01", "period_end": "2026-09-30", "period_type": "trailing twelve months", "source_accession": "0000820318-26-000023", "source_accessions": [ "0000820318-26-000020", "0000820318-26-000023" ], "derivation": "FY2026 (10-K, accession 0000820318-26-000020) plus Q1 FY2027 less Q1 FY2026 (10-Q, accession 0000820318-26-000023)", "income_statement": { "revenue": 7907127000, "cost_of_goods_sold": 4889522000, "gross_profit": 3017605000, "earnings_before_income_taxes": 989601000, "net_earnings": 943289000, "net_income_attributable_to_coherent": 963322000, "net_income_available_to_common_shareholders": 961699000 }, "cash_flow": { "operating_cash_flow": -59122000, "capex": -1774510000, "free_cash_flow": -1833632000 }, "note": "Derived: fiscal 2026 plus Q1 FY2027 less Q1 FY2026. Per-share figures are not derived for this view because diluted share counts cannot be summed across periods." }, "notes": [ "Coherent's fiscal year ends June 30. FY2026 ran from July 1, 2025 to June 30, 2026; Q1 FY2027 is the three months ended September 30, 2026.", "Annual figures come from the FY2026 10-K (accession 0000820318-26-000020), which prints three years of earnings and cash flows (FY2024 to FY2026) and two balance sheets (June 30, 2026 and 2025). FY2024 therefore carries no balance sheet.", "Quarterly figures come from the Q1 FY2027 10-Q (accession 0000820318-26-000023), which prints the three months ended September 30, 2026 and 2025. Its June 30, 2026 balance sheet column matches the 10-K.", "All statement figures are printed in thousands of US dollars and are stored here in actual dollars. Per-share amounts are in dollars; share counts, printed in thousands in the earnings-per-share notes, are stored as actual shares.", "Coherent does not print a gross profit line. gross_profit is revenue less cost of goods sold; the Q1 FY2027 10-Q's discussion of results states the same gross margin, $928 million (39% of revenues) against $579 million (37%) a year earlier.", "Coherent does not print an operating income line: its statement of earnings lists interest expense and other income alongside operating costs. No operating income figure is presented here; earnings_before_income_taxes is the printed subtotal.", "gain_on_sale_of_business and other_income_net are stored as positive amounts of income. The statement of earnings prints them in parentheses within costs and expenses, meaning they reduce total costs.", "income_tax_expense is negative where Coherent recorded a tax benefit (Q1 FY2027: benefit of $22.8 million; Q1 FY2026: benefit of $8.3 million). net_income_attributable_to_noncontrolling_interests is negative because the noncontrolling interests absorbed a loss in every period shown.", "Diluted EPS is struck on diluted earnings available to common shareholders, which adds back Series B preferred dividends when the preferred shares are treated as converted. In FY2026 and Q1 FY2026 that numerator equals net earnings attributable to Coherent; in FY2025 and FY2024, loss years for common shareholders, no dilutive shares were counted and diluted EPS equals basic.", "All Series B Convertible Preferred Stock converted into common stock in the quarter ended December 31, 2025. The June 30, 2025 balance sheet carries it as mezzanine equity of $2,483.3 million; it is gone by June 30, 2026, and Q1 FY2027 carries no preferred dividend.", "Coherent has not historically paid cash dividends on its common stock. preferred_dividends_paid_in_cash is the cash flow statement's 'Cash dividends paid' line, which relates to the Series B preferred stock.", "proceeds_from_issuance_of_common_shares in FY2026 ($1,998.6 million) reflects the sale of common stock; the 10-Q states that on March 2, 2026 NVIDIA invested $2 billion in Coherent by purchasing common stock.", "total_debt is the current portion of long-term debt plus long-term debt as carried on the balance sheet. It is a computed sum, not a printed line.", "free_cash_flow is net cash provided by (used in) operating activities less additions to property, plant and equipment (capex is stored as a negative outflow, as printed). It is computed, not printed by Coherent. Free cash flow was negative in FY2026 and Q1 FY2027 as inventories and capital spending rose sharply.", "Segment figures are Coherent's two reportable segments, Datacenter & Communications and Industrial. The FY2026 10-K recasts FY2025 and FY2024 to this structure. Effective July 1, 2026 Coherent moved certain business units between segments and did not recast prior periods, describing the effect as immaterial, so Q1 FY2027 segment figures are not on exactly the same basis as Q1 FY2026 or the annual years.", "Segment profit is Coherent's segment measure. It excludes share-based compensation, amortization of acquired intangibles, restructuring, impairment, gains on business sales, interest and unallocated corporate costs, so it does not sum to pre-tax earnings." ], "uncertainties": [ "The 10-Q does not print a September 30, 2025 balance sheet. It gives cash and cash equivalents and restricted cash (current and non-current) for that date in the reconciliation beneath the cash flow statement, and equity balances (total equity, noncontrolling interests, and $2,505,302 thousand of mezzanine Series B preferred equity) in the statement of equity and mezzanine equity. Asset, liability and debt totals for that date are not printed, so those year-over-year comparisons are not possible from this filing.", "Trailing-twelve-month figures are derived by arithmetic, not printed by Coherent." ], "headline": { "period": "Q1 FY2027", "period_end_words": "September 30, 2026", "metrics": [ { "label": "Revenue", "format": "usd", "value": 2370324000, "text": "$2.37 billion", "exact": "$2,370,324,000", "compact": "$2.37B", "abs": "$2.37 billion", "prior_value": 1581378000, "prior": "$1.58 billion", "priorabs": "$1.58 billion", "yoy": "up 49.9%", "source": { "array": "quarterly", "field": "income_statement.revenue", "index": 0, "period_label": "Q1 FY2027", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0000820318-26-000023", "prior_index": 1, "prior_period_label": "Q1 FY2026", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0000820318-26-000023", "gap_days": 365 } }, { "label": "Net income", "format": "usd", "value": 384673000, "text": "$384.67 million", "exact": "$384,673,000", "compact": "$384.67M", "abs": "$384.67 million", "prior_value": 226349000, "prior": "$226.35 million", "priorabs": "$226.35 million", "yoy": "up 69.9%", "source": { "array": "quarterly", "field": "income_statement.net_income_attributable_to_coherent", "index": 0, "period_label": "Q1 FY2027", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0000820318-26-000023", "prior_index": 1, "prior_period_label": "Q1 FY2026", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0000820318-26-000023", "gap_days": 365 } }, { "label": "Diluted EPS", "format": "eps", "value": 1.9, "text": "$1.90", "exact": "$1.90", "compact": "$1.90", "abs": "$1.90", "prior_value": 1.19, "prior": "$1.19", "priorabs": "$1.19", "yoy": "up 59.7%", "source": { "array": "quarterly", "field": "income_statement.diluted_eps", "index": 0, "period_label": "Q1 FY2027", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0000820318-26-000023", "prior_index": 1, "prior_period_label": "Q1 FY2026", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0000820318-26-000023", "gap_days": 365 } }, { "label": "Datacenter & Communications revenue", "format": "usd", "value": 1951725000, "text": "$1.95 billion", "exact": "$1,951,725,000", "compact": "$1.95B", "abs": "$1.95 billion", "prior_value": 1090000000, "prior": "$1.09 billion", "priorabs": "$1.09 billion", "yoy": "up 79.1%", "source": { "array": "quarterly", "field": "segments.datacenter_and_communications.revenue", "index": 0, "period_label": "Q1 FY2027", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0000820318-26-000023", "prior_index": 1, "prior_period_label": "Q1 FY2026", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0000820318-26-000023", "gap_days": 365 } }, { "label": "Gross profit", "format": "usd", "value": 927765000, "text": "$927.76 million", "exact": "$927,765,000", "compact": "$927.76M", "abs": "$927.76 million", "prior_value": 579200000, "prior": "$579.2 million", "priorabs": "$579.2 million", "yoy": "up 60.2%", "source": { "array": "quarterly", "field": "income_statement.gross_profit", "index": 0, "period_label": "Q1 FY2027", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0000820318-26-000023", "prior_index": 1, "prior_period_label": "Q1 FY2026", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0000820318-26-000023", "gap_days": 365 } } ], "summary": "Coherent Corp. reported $2.37 billion in revenue for Q1 FY2027, the quarter ended September 30, 2026, up 49.9% from a year earlier, and net earnings attributable to Coherent of $384.67 million, or $1.90 per diluted share, against $226.35 million and $1.19 a year earlier. The Datacenter & Communications segment, which sells optical transceivers and lasers for AI datacenter networks, brought in $1.95 billion, up 79.1%, while Industrial revenue fell after Coherent sold two Industrial businesses. Gross profit rose to $927.76 million, though operating cash flow turned negative as Coherent built inventory, while capital spending on new manufacturing capacity rose sharply.", "qa": [ { "q": "How much revenue did Coherent report in Q1 FY2027?", "a": "Coherent Corp. reported $2.37 billion in revenue for Q1 FY2027, the quarter ended September 30, 2026. That is up 49.9% from $1.58 billion in the same quarter a year earlier." }, { "q": "What were Coherent's earnings per share in Q1 FY2027?", "a": "Coherent earned $1.90 per diluted share in Q1 FY2027, against $1.19 a year earlier, on net earnings attributable to Coherent of $384.67 million, up 69.9%. The year-ago quarter included a gain on the sale of Coherent's aerospace and defense business, and this quarter had no such gain." }, { "q": "How fast is Coherent's datacenter business growing?", "a": "Revenue in Coherent's Datacenter & Communications segment, which sells optical transceivers, lasers and other components for AI datacenter and telecom networks, was $1.95 billion in Q1 FY2027, up 79.1% from $1.09 billion a year earlier. Coherent moved some business units between its two segments at the start of this fiscal year and did not restate the prior year, describing the effect as immaterial." }, { "q": "What was Coherent's gross profit in Q1 FY2027?", "a": "Coherent's gross profit, revenue less cost of goods sold, was $927.76 million in Q1 FY2027, the quarter ended September 30, 2026, up 60.2% from $579.2 million a year earlier." } ] }, "company_details": { "Name": "Coherent Corp.", "Ticker": "COHR", "CIK": "0000820318", "Exchange": "NYSE", "State": "Pennsylvania", "Incorporation": "Pennsylvania", "SIC": "3827", "Office": "Industrial Applications and Services", "Industry": "Optical Instruments & Lenses" }, "next_filing": { "predicted_date": "2027-02-03", "predicted_type": "10-Q" }, "fiscal_period": { "fiscal_year": 2027, "fiscal_period": "Q1", "tag": "FY27Q1", "period_end": "2026-09-30", "form": "10-Q", "accession": "0000820318-26-000023", "fiscal_year_end": "0630", "source": "override", "override_replaced": "FY26Q1" }, "source_filings": [ { "role": "annual", "current": false, "form": "10-K", "fiscal_year": 2026, "fiscal_period": "FY", "tag": "FY26", "period_end": "2026-06-30", "filed": "2026-08-14", "accession": "0000820318-26-000020", "url": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "source": "reported" }, { "role": "quarterly", "current": true, "form": "10-Q", "fiscal_year": 2027, "fiscal_period": "Q1", "tag": "FY27Q1", "period_end": "2026-09-30", "filed": "2026-11-04", "accession": "0000820318-26-000023", "url": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000023/iivi-20260930.htm", "source": "override" } ], "figure_sources": { "about": "Where each figure in this file is printed in its SEC filing. 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A figure with no entry is not printed in a tagged filing, either because it was calculated (margins, free cash flow, trailing twelve months, a quarter derived by subtraction) or because it comes from an untagged earnings release.", "documents": { "d1": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000020/iivi-20260630.htm", "d2": "https://www.sec.gov/Archives/edgar/data/820318/000082031826000023/iivi-20260930.htm" }, "annual": [ { "period_end": "2026-06-30", "income_statement": { "revenue": "d1#f-141", "cost_of_goods_sold": "d1#f-144", "research_and_development": "d1#f-147", "selling_general_and_administrative": "d1#f-150", "restructuring_charges": "d1#f-153", "impairment_of_assets_held_for_sale": "d1#f-156", "gain_on_sale_of_business": "d1#f-159", "interest_expense": "d1#f-162", "other_income_net": "d1#f-165", "total_costs_expenses_and_other_expense": "d1#f-168", "earnings_before_income_taxes": "d1#f-171", "income_tax_expense": "d1#f-174", "net_earnings": "d1#f-177", "net_income_attributable_to_noncontrolling_interests": "d1#f-180", "net_income_attributable_to_coherent": "d1#f-183", "preferred_stock_dividends": "d1#f-186", "net_income_available_to_common_shareholders": "d1#f-189", "basic_eps": "d1#f-192", "diluted_eps": "d1#f-195", "diluted_net_income_available_to_common_shareholders": "d1#f-1591", "basic_weighted_average_shares": "d1#f-1594", "diluted_shares": "d1#f-1603" }, "balance_sheet": { "cash_and_cash_equivalents": "d1#f-53", "restricted_cash_current": "d1#f-55", "short_term_investments": "d1#f-57", "inventories": "d1#f-63", "total_current_assets": "d1#f-69", "property_plant_and_equipment_net": "d1#f-620", "goodwill": "d1#f-73", "other_intangible_assets_net": "d1#f-75", "restricted_cash_noncurrent": "d1#f-79", "total_assets": "d1#f-83", "current_portion_of_long_term_debt": "d1#f-85", "accounts_payable": "d1#f-87", "total_current_liabilities": "d1#f-97", "long_term_debt": "d1#f-99", "total_liabilities": "d1#f-107", 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"income_statement": { "revenue": "d2#f-871", "cost_of_goods_sold": "d2#f-113", "earnings_before_income_taxes": "d2#f-856", "net_earnings": "d2#f-324", "net_income_attributable_to_coherent": "d2#f-786", "net_income_available_to_common_shareholders": "d2#f-790", "basic_eps": "d2#f-806", "diluted_eps": "d2#f-808", "diluted_net_income_available_to_common_shareholders": "d2#f-796", "diluted_shares": "d2#f-804" }, "cash_flow": { "operating_cash_flow": "d2#f-211", "capex": "d2#f-213" } } } } }