What is Coherent's latest dividend and current dividend yield?

What is Coherent's gross profit margin?

What does Coherent do and what are its main business segments?

What is the market's earnings forecast for Coherent next quarter?

What were the key takeaways from Coherent's earnings call?

What is the revenue and EPS growth rate for Coherent year over year?

Did Coherent beat or miss consensus estimates last quarter?

What were the key takeaways from Coherent’s earnings call?

- **Revenue Surge**: Q2 revenue of $1.69B (+17% YoY) driven by 800G/1.6T transceivers and OCS solutions.
- **Gross Margin Boost**: 39% non-GAAP gross margin (+77bps YoY), enabled by 6-inch indium phosphide cost savings.
- **CPO Breakthrough**: $100M+ CPO order with revenue ramping in 2H26, targeting scale-up networks.
- **Capacity Expansion**: 6-inch wafer starts at 80% of target to double capacity by end of 2026, supporting 4x chip output at half cost.
- **Strategic Divestiture**: Munich division sale reduces costs and improves EPS, with no impact on long-term growth.

**【CEO Summary Section】**
- **Revenue Growth**: Q2 revenue reached $1.69B, up 7% sequentially and 17% YoY. Datacenter & Communications segment grew 34% YoY, driven by 800G and 1.6T transceivers.
- **Gross Margin Expansion**: Non-GAAP gross margin improved to 39% (24bps QoQ, 77bps YoY), driven by cost reductions and yield improvements.
- **Production Capacity**: 6-inch indium phosphide wafer starts are 80% of target to double capacity by end of 2026. 6-inch wafers produce 4x more chips at half the cost of 3-inch wafers.
- **Strategic Wins**: Secured $100M+ CPO order for high-power CW lasers, with revenue ramping in 2H26. OCS backlog grew sequentially, targeting $2B+ addressable market.
- **Industrial Recovery**: Semi-cap orders up in Q2, expected to drive sequential growth in Q3 and beyond.

**【CFO Financial Commentary】**
- **Profitability**: Non-GAAP EPS of $1.29 (11% QoQ, 35% YoY). Operating margin expanded to 19.9%, up 140bps YoY.
- **Cost Control**: Operating expenses as % of revenue declined to 19%, with SG&A efficiency improving to 9.6%.
- **Balance Sheet**: Debt leverage ratio at 1.7x, down from 2.3x YoY. Capital expenditures increased to $154M to support capacity expansion.
- **Divestiture Impact**: Sale of Munich division reduced headcount by 425 and is immediately accretive to gross margin and EPS.

**【Q&A Highlights】**
- **Demand Visibility**: Book-to-bill >4x, with orders extending into 2027. Customers provide 2-3 year forecasts, supporting capacity ramp.
- **1.6T Momentum**: 1.6T ASPs higher than 800G, with EML and silicon photonics solutions ramping in 2H26.
- **CPO Growth**: Scale-up CPO opportunity dwarfs scale-out, with Coherent positioned to supply both components and pluggable solutions.
- **Indium Phosphide Supply**: Industry demand outpaces supply through 2027, with Coherent doubling internal capacity by end of 2026.
- **Industrial Outlook**: Semi-cap orders up 42% YoY in Q2, signaling recovery in industrial segment.


Coherent Corp. (COHR) Q2 2026 Earnings Call Transcript

- **Revenue Growth**: Q1 pro forma revenue up 19% YoY, driven by AI data centers and communications.
- **Gross Margin Expansion**: 70bps QoQ improvement, targeting >42% long-term.
- **Strategic Moves**: 6-inch indium phosphide capacity doubling in 12 months, OCS shipments to 7 customers, Munich division sale to reduce debt.
- **Risks**: Industrial segment cautious on macroeconomic demand.


**【CEO Summary Section】**
- **Revenue Growth**: Q1 revenue reached $1.58B, up 3% sequentially and 17% YoY. Pro forma (excluding divested Aerospace & Defense) revenue grew 6% QoQ and 19% YoY, driven by AI data centers and communications.
- **Gross Margin Expansion**: Non-GAAP gross margin improved 70bps QoQ to 38.7%, with 200bps YoY expansion, driven by cost reductions and pricing optimization.
- **AI Data Center Demand**: Datacenter segment grew 4% QoQ (19% YoY) and expects 10% QoQ growth in Q2, fueled by 800G and 1.6T transceivers. 6-inch indium phosphide production ramping in Texas and Sweden, targeting 2x internal capacity within a year.
- **OCS Segment**: Optical circuit switches (OCS) revenue and backlog grew QoQ, with 7 customer shipments and expanding applications in redundancy and DCI networks.

**【CFO Financial Commentary】**
- **Profitability**: Non-GAAP EPS of $1.16 (up 16% QoQ, 73% YoY), reflecting strong execution. Operating margin expanded to 19.5%, up 160bps YoY.
- **Debt Reduction**: $400M debt paid down post-A&D sale, reducing leverage to 1.7x, with further debt reduction planned from Munich division sale.
- **Q2 Guidance**: Revenue $1.56B-$1.7B, EPS $1.10-$1.30, driven by datacenter and communications growth.

**【Q&A Highlights】**
- **Demand Visibility**: Record bookings for 1.6T transceivers, with 3-year customer forecasts to 2028. 6-inch indium phosphide yields exceed 3-inch, supporting 10% QoQ datacenter growth.
- **OCS Applications**: Expanding beyond redundancy into DCI, with 7 customers, highlighting nonmechanical reliability.
- **Gross Margin Trajectory**: 6-inch production to benefit 2026+ gross margins, targeting >42% long-term.


Coherent Corp. (COHR) Q1 2026 Earnings Call Transcript

- **Revenue Growth**: FY25 revenue up 23% to $5.81B, driven by 61% AI datacenter growth and 23% in communications. Q4 revenue $1.53B (+16% YoY).
- **AI Innovation**: 1.6T transceivers launched in Q4, OCS begins ramping, and 3.2T roadmap supported by 6-inch indium phosphide production.
- **Financial Strength**: Non-GAAP EPS up 191% to $3.53, debt reduced to 2x leverage. Q1 2026 EPS guidance $0.93-1.13.
- **Strategic Moves**: $400M A&D sale to focus on photonics, and Apple partnership to expand U.S. manufacturing.

**【CEO Summary Section】**
- **Record Revenue Growth**: Full year 2025 revenue reached $5.81 billion, up 23% YoY, driven by 61% growth in AI datacenter and 23% in communications. Q4 revenue was $1.53 billion, up 16% YoY.
- **AI and Photonics Leadership**: Launched 1.6T transceivers in Q4, with ramp expected in 2025. Optical Circuit Switch (OCS) began revenue shipments, targeting a $2 billion market expansion.
- **Supply Chain Resiliency**: Announced world's first 6-inch indium phosphide production line in Texas, tripling capacity YoY. Expanded U.S. manufacturing with Apple partnership for VCSELs, starting in H2 2026.
- **Portfolio Optimization**: Sold Aerospace and Defense business for $400 million, to be accretive to EPS. Streamlined portfolio to focus on high-growth photonic markets.

**【CFO Financial Commentary】**
- **Profitability Improvements**: Non-GAAP EPS grew 191% YoY to $3.53, driven by 358bp gross margin expansion. Q4 non-GAAP gross margin was 38.1%, up 220bp YoY.
- **Cost Management**: Reduced debt by $437 million in FY25, lowering leverage to 2x. Q1 2026 guidance: Revenue $1.46-1.6 billion, EPS $0.93-1.13.
- **Cash Flow Strength**: Generated $51 million in debt reduction in Q4, total FY25 debt payments up 100% YoY.

**【Q&A Key Highlights】**
- **Datacenter Growth**: Q4 datacenter revenue up 38% YoY, with 800G transceivers ramping and 1.6T shipments starting. OCS pipeline strong, targeting sequential growth.
- **Indium Phosphide Ramp**: 6-inch line in Texas to reduce costs and increase capacity, supporting 3.2T transceivers and CPO products.
- **Apple Partnership**: New VCSEL agreement to begin in H2 2026, leveraging U.S. manufacturing for supply chain resiliency.
- **Market Share Dynamics**: Gained share in high-speed transceivers, citing technology leadership and supply chain flexibility against Chinese competitors.


Coherent Corp. (COHR) Q2 2025 Earnings Call Transcript

- **Record Revenue Growth**: Q3 $1.5B (+24% YoY), driven by AI data center and telecom expansion.
- **Gross Margin Expansion**: 38.5% non-GAAP, up 490bps YoY, targeting >40% long-term.
- **1.6T Transceiver Momentum**: Customer qualifications progressing, ramp expected in 2025.
- **6-inch Indium Phosphide**: Cost-advantaged production to begin next quarter, supporting EML and CW laser growth.
- **Strategic Restructuring**: $74M Q3 restructuring costs, exiting non-core silicon carbide devices, deleveraging balance sheet.
- **OCS Platform**: First customer orders secured, targeting calendar 2025 revenue.

**【CEO Summary Section】**
- **Revenue Growth**: Q3 revenue reached $1.5 billion, up 4% sequentially and 24% year-over-year, driven by AI data center and telecom demand.
- **Gross Margin Expansion**: Non-GAAP gross margin improved to 38.5%, up 30 basis points sequentially and 490 basis points year-over-year.
- **Product Innovation**: Introduced three 1.6T transceiver designs (EML, VCSEL, silicon photonics) and demonstrated 400G EML for 3.2T transceivers. 6-inch indium phosphide production to begin next quarter.
- **Strategic Adjustments**: Exited non-core silicon carbide device business, reduced operational expenses, and announced sale of underutilized Champaign facility.
- **OCS Platform**: Received first customer order for optical circuit switch (OCS), targeting calendar 2025 revenue.

**【CFO Financial Commentary】**
- **Revenue Performance**: Networking segment grew 45% YoY, lasers up 4% YoY (driven by excimer lasers), materials down 1% YoY.
- **Profitability**: Non-GAAP EPS of $0.91, up 2.4x YoY. Non-GAAP operating margin expanded to 18.6%.
- **Debt Management**: Reduced debt by $136 million, bringing leverage to 2.1x.
- **Q4 Guidance**: Revenue $1.425B-$1.575B, non-GAAP gross margin 37%-39%, EPS $0.81-$1.01.

**【Q&A Key Takeaways】**
- **1.6T Transceiver Ramp**: Expected to begin in calendar 2025, with multiple customer qualifications underway.
- **Supply Chain Resilience**: 60+ global manufacturing sites (half in U.S.), internal production of critical components (EML, CW lasers).
- **Gross Margin Pressures**: Sequential decline driven by mix headwinds, offset by cost reductions and pricing optimization.
- **Industrial Market Caution**: Near-term macro uncertainty impacting broad-based industrial demand, but datacom growth remains strong.
- **OCS Adoption**: Early adopters in data centers, with potential for overlapping 800G/1.6T adoption cycles.


Coherent (COHR)-7 May 25-2025 Q3 Earnings call transcript

- **Record Revenue Growth**: $1.43B (+27% YoY), driven by AI datacom and telecom recovery.
- **Gross Margin Expansion**: 38.2% (vs. 34.6% FY24), with 150bps QoQ improvement.
- **OCS Breakthrough**: First customer order for optical circuit switch platform, targeting 2025 revenue.
- **Telecom Recovery**: Sequential growth for 2Q and 3Q, ZR/ZR+ transceivers ramping.
- **CPO Positioning**: Pluggable transceivers dominate, but CPO viewed as long-term TAM expansion.

**【CEO Summary Section】**
- **Revenue Growth**: Q2 revenue reached $1.43B, up 6% sequentially and 27% YoY, driven by AI-related datacom (800G transceivers) and telecom recovery.
- **Gross Margin Expansion**: Non-GAAP gross margin improved to 38.2% (vs. 36.7% Q1 and 34.6% Q2 FY24), with focus on pricing optimization and cost reductions.
- **Product Highlights**: 
  - 1.6T transceivers on track for 2025 ramp; 3.2T in development.
  - OCS platform received first customer order, targeting 2025 revenue with long-term growth potential.
  - Indium phosphide capacity tripled YoY, supporting EML and CW laser production.
- **Market Outlook**: Cautiously optimistic on telecom recovery; industrial markets remain cautious but show strength in display (OLED) and semi-cap equipment.

**【CFO Financial Commentary】**
- **Income Performance**: Non-GAAP EPS of $0.95 (up 40% QoQ, 273% YoY), driven by revenue growth and margin expansion.
- **Balance Sheet**: $132M debt reduction; Q3 guidance for $1.39-1.48B revenue and 37-39% gross margin.
- **Expense Management**: Operating expenses ($283M) up 1.8% QoQ due to R&D investments; SG&A disciplined to maintain efficiency.

**【Q&A Key Themes】**
- **Telecom Recovery**: Sequential growth for 2Q and 3Q expected, driven by data center interconnect and ZR/ZR+ transceivers.
- **OCS Platform**: Differentiated digital liquid crystal tech; revenue contribution in 2025, with material growth in 2026+.
- **CPO Strategy**: Pluggable transceivers remain dominant, but CPO seen as TAM expansion opportunity; Coherent well-positioned with broad ingredient tech portfolio.
- **Supply Chain Resilience**: Geographic diversification (Sherman, TX indium phosphide expansion) and vertical integration mitigate tariff risks.
- **Industrial Markets**: Display (OLED) and semi-cap equipment show strength; automotive weakness in materials segment persists.

Actual											0.47	1.18	0.84	1.08	0.91	0.88	0.87	0.92	0.95	0.98	1.04	0.95	0.58	0.41	0.16	0.36	0.53	0.61	0.74	0.95	0.91	1	1.16	1.29
Forecast											0.1433	0.7725	0.5446	0.9059	0.8755	0.7616	0.8322	0.8657	0.8575	0.9425	0.832	0.9312	0.8185	0.3776	0.1209	0.2554	0.4288	0.6028	0.613	0.6928	0.8556	0.9201	1.0446	1.2089
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+227.98%	+52.75%	+54.24%	+19.22%	+3.94%	+15.55%	+4.54%	+6.27%	+10.79%	+3.98%	+25.00%	+2.02%	-29.14%	+8.58%	+32.34%	+40.96%	+23.60%	+1.19%	+20.72%	+37.12%	+6.36%	+8.68%	+11.05%	+6.71%

COHR

COHR fundamentals

COHR Q2 2026 Earnings

Earnings Call

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COHR

COHR fundamentals

COHR Q2 2026 Earnings

Earnings Call

COHR Earnings Call Summary for Q2/20264:30 PM on Feb 4, 2026

COHR Earnings Call Summary for Q1/20265:00 PM on Nov 5, 2025

COHR Earnings Call Summary for Q4/20255:00 PM on Aug 13, 2025

COHR Earnings Call Summary for Q3/20255:00 PM on May 7, 2025

COHR Earnings Call Summary for Q2/20255:00 PM on Feb 5, 2025

You can ask Aime