Coherent Corp.COHR

NYSE•Technology•Scientific & Technical Instruments

Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components and devices, and laser systems for the use in the industrial, communications, electronics, and instrumentation markets worldwide. It operates through three segments: Networking, Materials, and Lasers. The Networking segment offers transceivers, systems, subsystems, modules, components, optics, and semiconductor devices for datacenter and communications applications. The Materials segment provides engineered materials, laser optics, thermoelectric components, and advanced ceramic and metal-matrix composite materials and products; and vertical-cavity surface-emitting laser, edge-emitting laser, pump lasers, high-power lasers for materials processing, and integrated circuit. The Laser segment offers excimer lasers, solid-state lasers, CO2 lasers, and laser systems for various industrial applications, including semiconductor capital equipment, display manufacturing, precision manufacturing, and scientific research; and laser systems and subsystems. It markets its products and services through direct sales force, representatives, and distributors. The company was formerly known as II-VI Incorporated and changed its name to Coherent Corp. in September 2022. Coherent Corp. was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania.

Price & Volume

Key Metrics at a Glance (as of March 2026)

Market Cap: $41.78B
TTM Revenue: $6.60B
TTM EBITDA: $1.06B
P/E Ratio: 89.1x
Operating Margin: 10.2%
Free Cash Flow: $-383.48M

Financial Analysis

Coherent Corp. (COHR) reported trailing twelve months (TTM) revenue of $6.60B as of March 2026, which represents a 18.0% increase year-over-year. The company's operating margin has expanded to 10.2% from 0.7% a year ago. In terms of profitability, COHR generated $468.85M in net income. Valuation-wise, the stock trades at a P/E ratio of 89.1x and a Price-to-Sales (P/S) ratio of 6.3x. The company reported negative free cash flow of $-383.48M over the last twelve months, indicating cash consumption over the period. Data based on the most recent quarterly reports.