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Coherent Corp. COHR SPXAI

Technology · Scientific & Technical Instruments · United States
https://www.coherent.com
Company Profile ↓
$299.38
+216.74% 1Y
Mkt Cap$58.57B
P/E141.89
P/B5.69
52W High$426.89
52W Low$86.55
Book Value$54.60
EPS (TTM)$2.11

Company Overview

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.

Why Investors Should Care

Steady Revenue Expansion

Revenue has grown at a 20.5% CAGR over the past five years.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.31.

Recent Developments

  • Jun 2025 Revenue of $5.81B (+23.4% YoY); net profit $49.36M.
  • Trailing 12 Months Year-on-year growth — revenue +20.5%.
  • 5-Year Trend Long-term compounding — revenue CAGR 20.5%, profit CAGR 1.9%.

Growth & Price Performance

Compounded Sales Growth

5 Years:20.55%
1 Year:20.50%

Compounded Profit Growth

5 Years:1.86%
1 Year:-

Stock Price Performance

1 Year:+216.74%
6 Months:+61.67%
3 Months:-4.48%
1 Month:-22.25%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

AI Exposure AI AI Optics
Core Focus

VCSEL lasers + optical transceivers for AI data centers.

Key Initiatives
  • AI-data-centre optical transceivers Coherent (formerly II-VI) supplies lasers, optics and high-speed (800G/1.6T) transceivers that connect GPUs inside AI data centres — a major growth driver.
  • Indium-phosphide & photonics Its compound-semiconductor and photonics expertise underpins the optical components essential to AI networking.
  • Datacom capacity expansion Coherent is expanding capacity to meet surging hyperscaler demand for AI-interconnect optics.
Why Investors Should Care
  • Key supplier of AI-data-centre optical components with ~20% recent revenue growth.
  • Datacom transceiver demand is a structural AI tailwind.
  • Margin and balance-sheet improvement (deleveraging) is the turnaround story.
  • Cyclical end-markets and integration of past acquisitions are risks.
AI InvestmentCapacity expansion in 800G/1.6T optics.
AI RevenueAI/datacom segment growing fastest.
ROI (Now)Margins recovering.
ROI (Expected)AI optics demand to remain elevated.

Curated from public filings and analyst commentary; figures are illustrative.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Compounding revenue at 20.5% over 5 years.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Trading at a high P/E of 141.9.
  • Trading 29.9% below its 52-week high.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
141.89
Industry PE
34.66
Forward P/E
36.41
PEG Ratio
0.92
Book Value
$54.60
Price to Book
5.69
P/S
9.21
EV/EBITDA
46.80
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
20.55%
Profit 5Y
1.86%
Revenue (YoY)
20.50%
Earnings (YoY)
-

Profitability & Returns

ROCE
0.73%
ROE
4.72%
ROA
3.14%
Profit Margin
7.10%
Op Margin
13.57%
Gross Margin
36.99%
EPS (Latest Qtr)
$0.97
EPS (TTM)
$2.11

Balance Sheet & Liquidity

Debt/Equity
0.31
Quick Ratio
1.71
Current Ratio
3.05
Debt
$3.43B
Total Assets
$17.29B
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
4.51%
Chg in Prom Hold
0.01%
FII / Inst Holding
89.57%
Chg in FII Hold
0.21%

Financial Snapshot

Enterprise Value
$58.57B
Total Revenue (TTM)
$6.60B
EBITDA
$1.31B
Free Cash Flow
$-197.63M
Operating Cash Flow
$140.34M
Shares Outstanding
195.64M
Gross Margin
36.99%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 COHR Coherent Corp. SPXAI 299.38 141.89 $58.57B 0.00% 0.73% 4.72% 20.55% 1.86%
2 NVDA NVIDIA Corporation NDXSPXAI 212.50 32.59 $5.15T 0.47% 74.66% 114.29% 24.64% 32.12%
3 AAPL Apple Inc. NDXSPX 327.50 39.60 $4.81T 0.37% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 395.63 23.96 $2.94T 0.95% 26.90% 34.01% 9.48% 10.85%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 419.48 36.41 $2.18T 0.90% 30.20% 36.21% 18.94% 19.57%
6 AVGO Broadcom Inc. NDXSPXAI 394.28 64.96 $1.88T 0.68% 16.70% 37.28% 24.38% 26.24%
7 MU Micron Technology, Inc. NDXSPXAI 904.28 20.44 $1.02T 0.05% 13.69% 66.64% 13.68% 26.02%
8 AMD Advanced Micro Devices, Inc. NDXSPXAI 529.14 172.36 $862.82B 0.00% 6.33% 8.06% 13.64% 48.64%
9 ASML ASML Holding N.V. NDXAI 1,815.27 59.79 $699.64B 0.51% 42.97% 52.24% 15.55% 19.55%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Sep 2022Dec 2022Mar 2023Sep 2023Dec 2023Mar 2024Sep 2024Dec 2024Mar 2025Sep 2025Dec 2025Mar 2026
Revenue ---------261.50M281.47M294.75M321.07M314.43M342.84M342.50M362.73M340.41M666.33M627.04M746.29M728.08M786.57M783.23M808.01M795.11M806.82M827.72M1.34B1.37B1.24B1.05B1.13B1.21B1.35B1.43B1.50B1.58B1.69B1.81B
Operating Income -21.73M21.78M19.39M-23.69M27.14M29.04M-29.78M32.49M34.48M-37.21M39.61M31.13M--18.48M-78.58M69.04M-101.13M118.72M85.08M-95.05M98.22M106.77M42.48M8.25M67.39M-21.31M31.89M22.30M------
Net Income -17.21M18.99M14.94M-16.29M23.90M22.43M-21.14M9.60M30.10M-26.15M28.70M24.64M--26.00M-98.21M5.92M-46.27M87.90M81.09M-74.46M67.66M49.00M-38.70M-45.07M2.55M-67.53M-26.99M-13.19M25.89M103.39M15.71M226.35M146.72M191.40M
Diluted EPS 0.270.270.300.240.230.260.370.350.500.320.150.450.420.400.440.380.43-0.39-1.080.060.530.380.730.660.590.500.440.28-0.56-0.58-0.24-0.65-0.38-0.29-0.040.44-0.111.190.760.97
R&D Expense 12.60M13.15M12.15M14.95M20.10M21.83M23.63M25.38M25.97M25.57M27.78M30.62M32.90M33.17M33.76M36.03M36.20M36.12M107.70M94.76M100.49M78.25M84.86M83.23M83.77M88.97M95.33M96.89M121.08M128.79M126.38M113.49M111.16M127.48M131.60M143.85M150.73M154.88M165.71M185.99M

Profit & Loss (Annual)

Figures in USD.

Metric Jun 2009Jun 2010Jun 2011Jun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Revenue 292.22M345.09M502.80M516.40M551.08M683.26M741.96M827.22M972.05M1.16B1.36B2.38B3.11B3.32B5.16B4.71B5.81B
Operating Income ---81.52M71.49M46.49M76.80M91.81M115.56M136.76M148.67M39.48M402.12M414.29M-37.12M96.12M-
Net Income 36.78M38.58M82.68M60.31M50.81M38.45M65.97M65.49M95.27M88.00M107.52M-67.03M297.55M234.76M-259.46M-156.15M49.36M
Diluted EPS 0.610.631.300.940.800.601.051.041.481.351.63-0.792.371.45-2.93-1.84-0.52
R&D Expense 10.21M11.81M16.08M21.41M22.69M42.52M51.26M60.35M96.81M116.88M139.16M339.07M330.11M377.11M499.60M478.79M581.92M

Balance Sheet (Annual)

Figures in USD.

Metric Jun 2008Jun 2009Jun 2010Jun 2011Jun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Total Assets --508.98M647.20M706.49M863.80M1.07B1.06B1.21B1.48B1.76B1.95B5.23B6.51B7.84B13.71B14.49B14.91B
Total Equity 290.63M322.87M410.05M521.27M586.23M636.11M675.04M729.08M782.34M900.56M1.02B1.13B2.08B3.41B3.62B4.99B5.21B5.64B
Cash & Equivalents 69.83M95.93M108.03M149.46M134.94M185.43M174.66M173.63M218.44M271.89M247.04M204.87M493.05M1.59B2.58B821.31M926.03M909.20M
Long Term Debt --3.38M15.00M12.77M114.04M221.96M155.96M215.31M322.02M419.01M443.16M2.19B1.31B1.90B4.23B4.03B3.50B
Total Liabilities --98.12M124.10M115.10M227.69M396.88M329.08M429.64M576.73M737.35M820.56M3.16B2.38B3.46B6.48B6.54B6.43B
Current Liabilities --73.19M90.97M83.73M94.43M135.06M139.16M171.24M184.95M236.47M270.56M672.89M729.59M1.27B1.08B1.34B1.79B

Cash Flows (Annual)

Figures in USD.

Metric Jun 2009Jun 2010Jun 2011Jun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Operating Cash Flow 48.91M72.42M73.49M88.07M107.61M95.46M129.37M122.97M118.62M161.01M178.47M297.29M574.35M413.33M634.02M545.73M633.60M
Investing Cash Flow -15.26M-65.06M-52.49M-84.89M-144.53M-206.82M-52.25M-135.17M-177.24M-284.95M-223.98M-1.18B-172.96M-320.08M-5.93B-350.71M-414.21M
Financing Cash Flow -10.28M3.03M19.15M-14.80M85.78M99.08M-76.06M61.45M111.57M96.97M4.88M1.17B675.73M862.95M3.55B758.27M-451.73M
Capital Expenditure -15.56M-13.84M-40.86M-42.80M-25.20M-29.22M-52.31M-58.17M-138.52M-153.44M-137.12M-136.88M-146.34M-314.33M-436.06M-346.82M-440.84M
Free Cash Flow 33.36M58.58M32.63M45.27M82.40M66.24M77.05M64.80M-19.90M7.58M41.35M160.41M428.02M99.00M197.97M198.91M192.76M
Share Buybacks 12.88M--4.99M19.98M19.97M12.73M6.28M-49.88M1.62M1.62M00---

Ratios (Annual)

Figures in %.

Metric Jun 2009Jun 2010Jun 2011Jun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Gross Margin % -----------------
Operating Margin % ---15.8%13.0%6.8%10.4%11.1%11.9%11.8%10.9%1.7%12.9%12.5%-0.7%2.0%-
Net Margin % 12.6%11.2%16.4%11.7%9.2%5.6%8.9%7.9%9.8%7.6%7.9%-2.8%9.6%7.1%-5.0%-3.3%0.8%
ROE % 11.4%9.4%15.9%10.3%8.0%5.7%9.0%8.4%10.6%8.6%9.5%-3.2%8.7%6.5%-5.2%-3.0%0.9%
ROCE % ---13.1%9.3%5.0%8.4%8.8%8.9%9.0%8.8%0.9%7.0%6.3%-0.3%0.7%-

Shareholding Pattern

Insiders
4.51%
Institutions
89.57%
Public Float
93.79%

Top Institutional Holders

#Holder% HeldSharesValue
1 FMR, LLC 11.58% 22.66M $7.04B
2 Blackrock Inc. 7.64% 14.95M $4.65B
3 Vanguard Capital Management LLC 6.23% 12.18M $3.79B
4 Vanguard Portfolio Management LLC 4.84% 9.46M $2.94B
5 Nvidia Corp 3.98% 7.79M $2.42B
6 State Street Corporation 3.96% 7.75M $2.41B
7 Invesco Ltd. 3.43% 6.71M $2.09B
8 Geode Capital Management, LLC 2.68% 5.24M $1.63B
9 Morgan Stanley 1.41% 2.75M $855.86M
10 WT Asset Management Ltd 1.37% 2.68M $831.66M

Analyst View

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Latest News

Recent headlines for COHR

Google News Wed, 15 Jul 2026

Coherent Slides 3.1% as Investors Appear to Take Profits Despite No Clear New Negative Catalyst - Quiver Quantitative

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Google News Wed, 15 Jul 2026

Coherent Corp (COHR) Shares Fall 3.7% -- What GF Score of 80 Tel - GuruFocus

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Google News ue, 14 Jul 2026

Coherent (COHR) Is Down 8.4% After NVIDIA-Backed AI Optics Expansion News - Has The Bull Case Changed? - simplywall.st

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Google News ue, 23 Jun 2026

PLTR vs. COHR: Which AI-Driven Tech Stock Should You Bet on? - Yahoo Finance

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Google News Wed, 15 Jul 2026

COHR's Post-Earnings Pullback Has Strengthened the Investment Case - TradingView

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Google News Mon, 13 Jul 2026

Why TIME selected photonics firm Coherent for its 2026 Best Companies list - Stock Titan

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COHR — Frequently Asked Questions

What is the current share price of Coherent Corp. (COHR)?

As of 2026-07-15 16:51 PDT, Coherent Corp. (COHR) trades at $299.38 on NYSE. Its 52-week range is $86.55 to $426.89.

What is the market capitalisation of COHR?

Coherent Corp. (COHR) has a market capitalisation of $58.57B on NYSE.

What is the P/E ratio of COHR?

COHR trades at a trailing price-to-earnings (P/E) ratio of 141.89. The industry average P/E is 34.66. Its price-to-book (P/B) ratio is 5.69.

What is the return on equity (ROE) of COHR?

COHR has a return on equity (ROE) of 4.72%. Its return on capital employed (ROCE) is 0.73%.

Is COHR a good stock to buy?

This page provides a data-driven analysis of Coherent Corp. (COHR), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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