Coherent is experiencing a powerful growth cycle driven by 800G optical transceivers for AI datacenters, with revenue accelerating to 33.7% year-over-year growth in Q4 2026 and gross margins expanding over 800 basis points to 38.5%.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has accelerated to 33.7% year-over-year in Q4 2026, driving gross margin expansion to 38.5% and demonstrating powerful operating leverage as operating income grew 222% year-over-year.
Coherent is a critical supplier in the optical communications value chain, offering a comprehensive portfolio of coherent transceivers, lasers, amplifiers, and photonic devices that support faster, more efficient networks.
Positioned at the heart of the AI-driven data center buildout, Coherent's leadership in laser light sources and photonic components makes it a key beneficiary of this trend.
Coherent reported strong second-quarter 2026 results with sales of US$1,685.63 million and net income of US$146.72 million, indicating robust financial health.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 4, 2026 | $2.09+5.0% vs $1.99 | $2.4B+2.7% vs $2.3B |
Q3 2026 Aug 12, 2026 | $1.74+7.4% vs $1.62 | $2.0B+3.1% vs $2.0B |
Q2 2026 May 6, 2026 | $1.41+0.7% vs $1.40 | $1.8B+1.3% vs $1.8B |
Q1 2026 Feb 4, 2026 | $1.29+6.6% vs $1.21 | $1.7B+2.7% vs $1.6B |
AI optical stocks are rallying, and one laser maker is far ahead of the group as traders take a second look at a quarterly report they'd sold off hard. Coherent (NYSE:COHR | COHR Price Prediction) stock trades at $192.
Investors interested in Technology Services stocks are likely familiar with Coherent (COHR) and Enpro (NPO). But which of these two stocks presents investors with the better value opportunity right now?
Wall Street is looking to finish the week lower, despite sporting modest gains today as AI data center buildout concerns slow
Coherent and Lumentum share the same InP capacity constraint, but Coherent sells modules at market prices. It sells volume, not scarcity. Inventory is the defining number for Coherent and Operating Cash Flow, an important metric to follow. Margins are improving faster than expected, and a $20 bn five-year PhotonLink agreement is the first place where Coherent sells scarcity.
Benchmark COHR against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Coherent, Inc. (COHR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $192.81 | $37.72B | 162.03 | -64.79% | 11.76% | 2.44% | 0.03% | |
| $538.59 | $41.9B | 1455.65 | 21.03% | -230.1% | -300.07% | — | |
| $28.47 | $7.02B | 189.80 | 8.39% | -2% | -3.16% | — | |
| $65.31 | $2.77B | 89.47 | 2.73% | 3.65% | 1.89% | — | |
| $192.27 | $12.99B | 44.00 | 9.62% | 10.12% | 15.83% | 0.45% | |
| $50.13 | $4.02B | -78.33 | 82.75% | -9.57% | -5.61% | — |
Coherent, Inc. (COHR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Coherent, Inc. (COHR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 12, 2026·SEC
May 6, 2026·SEC
Apr 28, 2026·SEC
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Coherent, Inc. (COHR) stock FAQ — growth, dividends, profitability & financials explained
Coherent, Inc. (COHR) reported $7.12B in revenue over the trailing twelve months. Revenue was $2.05B in fiscal year 2026. That is 3781% more than the $52.7M of fiscal year 1997.
Coherent, Inc. (COHR) revenue fell by 64.8% in fiscal year 2026, compared with the prior fiscal year.
Yes. Coherent, Inc. (COHR) earned $805.1M in net income over the trailing twelve months (a 11.3% net margin).
Coherent, Inc. (COHR) does not currently pay a meaningful dividend.
Coherent, Inc. (COHR) had a return on equity (ROE) of 2.4% in fiscal year 2026. That is below the market's typical 10-15%.
Coherent, Inc. (COHR) had negative free cash flow of $1.03B over the trailing twelve months.
