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Last updated2 minutes ago

COHR·Coherent Corp.

$281.93
+17.52 (+6.63%)
Market Closed (Overnight)$281.97+0.04 (+0.01%)
High
$283.86
Open
$269.69
Market Cap
52.61B
52W High
$461.26
Low
$264.10
P. Close
$281.93
P/E
65.35
52W Low
$94.21
Fwd P/E
20.20
DailyIQ Est.
$435.86
Inst. Ownership
46.7%
Short Interest
5.38%
Days to Cover
1.1
Technical Score (1D)
23
SELL
News Sentiment
53
MIXED
The most recent data shows that Coherent’s revenue jumped 22.5 % YoY to $7.12 billion, largely driven by AI‑powered datacenter and communications demand, while its adjusted gross margin rose to 40.2 % in Q4, a 215‑basis‑point improvement that supports the company’s margin‑expansion narrative. However, the company’s guidance still flags elevated execution risk, citing higher capacity spending, working‑capital needs and overlapping product ramps that could dampen cash‑flow conversion in the next few quarters. This mix of strong top‑line growth and execution risk explains why the stock has fallen 17 % in the past month, as investors reassess the sustainability of the current earnings trajectory. Analysts have responded by raising forward earnings estimates, suggesting that the price pullback may have uncovered upside if the AI infrastructure momentum can be maintained. The datacenter segment’s 59 % YoY growth, now accounting for 79 % of sales, and the planned doubling of indium phosphide capacity to supply 800 G and 1.6 T transceivers in a supply‑constrained market, reinforce the company’s strategic focus on higher‑margin AI infrastructure. Over the next 1–10 trading days, the market will likely weigh whether the company can translate this capacity expansion into sustained revenue growth and whether the higher earnings guidance materializes. Watch for the upcoming earnings report to see if the guidance translates into tangible revenue growth and whether the company can mitigate the identified execution risks. Also monitor any updates on working‑capital requirements and capacity spend, as these will be critical to assessing the company’s cash‑flow conversion moving forward.
Earnings Summary
Coherent Corp. is a global technology provider specializing in advanced materials, optoelectronic components, and laser systems, operating through Networking, Materials, and Lasers segments that serve data centers, communications infrastructure, and industrial manufacturing. The company’s recent earnings show a strong upward trajectory, with Q4 2026 revenue of $2.0455 billion beating the $2.0254 billion estimate and a 34% year‑over‑year jump, driven by a 59% surge in its Datacenter & Communications segment that now accounts for nearly 80% of sales; EPS of $1.74 surpassed the $1.61709 estimate. In contrast, Q1 2025 EPS of $0.91 exceeded the $0.85657 estimate, while revenue of $1.4979 billion was not compared to an estimate. The company has consistently beat earnings estimates in the last four quarters, with revenue growth accelerating from $1.4979 billion in Q1 2025 to $2.0455 billion in Q4 2026, a 36% YoY increase, and margin expansion to a 38.5% gross margin and 21.8% adjusted operating margin. Historically, Coherent has maintained a pattern of revenue growth even when EPS margins fluctuate, reflecting strong demand in the AI‑infrastructure space. Recent news highlights a 34% YoY revenue jump in Q4, a 59% surge in the Datacenter & Communications segment, and a 38.5% gross margin expansion, underscoring tighter cost control amid higher revenue; management projects fiscal 2027 Q1 revenue of $2.2–$2.4 billion and EPS of $1.85–$2.05, signaling continued demand for AI‑infrastructure solutions. Investors should watch for the upcoming earnings release to confirm whether guidance holds and whether margin expansion sustains, and monitor the pace of new datacenter capacity additions and any regulatory changes affecting cloud infrastructure, as these factors will be key to assessing future growth prospects.

EPS

EstBeatMiss
$0.72$1.01$1.30$1.59$1.87Q1'25Q4'26Q3'26
QtrEstActual+/−
Q3'26$1.39 - -
Q4'26$1.62$1.74+7.6%
Q1'25$0.86$0.91+6.2%

Revenue

EstBeatMiss
$1.4B$1.6B$1.8B$1.9B$2.1BQ1'25Q4'26Q3'26
QtrEstActual+/−
Q3'26$1.8B - -
Q4'26$2.0B$2.0B+1.0%
Q1'25 - $1.5B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

COHR Stock Snapshot

SELL23/100
$281.97+$0.04 (0.0%)
Market cap
52.61B
P/E ratio
65.3
Day range
$264.10 – $283.86
News sentiment
53/100 · Neutral
Analyst target
$415.36 (+47.3%)
Consensus
Buy · 33 analysts
52-week range+199.3% off low · -38.9% from high
$94.21$461.26
Price $281.97 DailyIQ Est. $435.86

Coherent Corp. is trading in the middle of its 52-week range with momentum still pointing lower. The stock is liquid enough that positioning changes get absorbed without distorting the trend.

Behaviour On Record

What COHR's own history says about today's numbers

Realized volatility (21d)
102.0% 95th pct
Below its peak
-36.5%
vs 200-day average
-1.7%
Up days (1y)
53%

Coherent Corp. is currently running 102.0% annualised volatility over the last 21 sessions. Measured against COHR's own 13 years of daily returns rather than a market-wide average, that is the 95th percentile — an extreme by its own standards, against a typical reading of 43.4%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

COHR is trading -36.5% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -40.8%, and the deepest was -59.9% in 2022. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.

Price sits -1.7% from its 200-day moving average. Against every other day in its history, that gap ranks at the 35th percentile — close to the gap it normally carries. Over the past year COHR closed higher on 53% of sessions, and it is currently 1 session into a rising streak.

On September specifically: over 13 years of records, COHR finished the month higher 4 of 13 times, with a median return of -4.9% and an average of -0.5%. Its strongest month historically has been January at +7.8% on average, its weakest March at -5.7%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: COHR has opened more than 2% away from the prior close in 406 of 3,269 sessions (12.4% of the time), with the largest gaps running +9.2% and -10.3%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

All figures computed from 3,270 daily closes between 2013-09-05 and 2026-09-04, split-adjusted, recomputed daily. Percentiles are against COHR's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of COHR's sector?

Coherent Corp. sits in the Technology sector, currently ranked 5th of 11 GICS sectors by relative-strength rotation score (leading). Within its narrower Semiconductors industry group, COHR ranks 9th of 15 tracked industries, improving.

Sector rank
#5 of 11
Sector state
Leading
Sector rotation score
80
Industry rank
#9 of 15

Options Market

What is the options market pricing for COHR?

CallsPuts

For Coherent Corp.'s nearest expiry (2026-09-04, 0 days out), open interest is roughly balanced between puts and calls (put/call ratio of 0.87), with at-the-money implied volatility around 36.5%.

Put/call ratio (2026-09-04)
0.87
ATM implied volatility
36.5%
Total open interest
16,935

COHR Competitive Positioning

Coherent Corp. (COHR) is tracked alongside these names in Scientific & Technical Instruments on DailyIQ — ranked by market cap, with today's move alongside.

Held by These ETFs

COHR is a top holding in these ETFs tracked on DailyIQ — bar length shows portfolio weight.