Coherent shares surge 10.16% intraday after securing $154M Texas grant for 6-inch InP wafer production.

Coherent shares rise 5.14% premarket after strong Q2 results, data center growth, and production expansion.

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Catalyst<ul> <li>Technical indicators show that bullish signals are obviously dominant with 2 bullish versus 0 bearish for COHR.</li> <li>Most analysts rate COHR Buy or Strong Buy with 6 Strong Buy and 2 Buy ratings showing broad institutional optimism.</li> <li>Fundamental factors indicate strong cash reserves relative to market value and favorable profitability indicators for COHR.</li></ul>Risk<ul> <li>Technical indicators show that the market is in a volatile state with the direction not clear enough for COHR.</li> <li>Fund flow trends indicate negative net inflow across all order sizes for COHR.</li></ul>

Key Factors

Coherent (COHR) secured a $154 million Texas grant to build the world's first 6-inch Indium Phosphide wafer fabrication plant, boosting production efficiency and AI infrastructure capabilities.COHR reported Q2 FY26 results with $1.69 billion in revenue, a 17% YoY increase, driven by strong demand for optical transceivers and a strategic shift to 6-inch indium phosphide wafers.Coherent completed the sale of its Tools for Materials Processing unit to Bystronic, allowing the company to refocus on photonics and reduce debt while streamlining operations.

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