Form 10-K · Annual report
Coherent Corp. 10-K, filed Aug 14, 2026
- Filed
- CIK
- 0000820318
- Accession no.
- 0000820318-26-000020
Summary
Coherent Corp. entered a multi-year, non-exclusive strategic agreement with NVIDIA on March 2, 2026 covering advanced optics development, manufacturing capacity and research and development, including a multi-billion-dollar NVIDIA purchase commitment, alongside a separate $2 billion NVIDIA private-placement investment in Coherent. Coherent also realigned into Datacenter & Communications and Industrial segments effective July 1, 2025, completed the roughly $400 million sale of its aerospace and defense business on September 2, 2025, and recorded tariff refunds after the U.S. Supreme Court ruled IEEPA-based tariffs were not authorized.
Key points
- Coherent recorded $62 million of net restructuring charges in fiscal 2026 under its 2025 Plan, and $1 million under its 2023 Plan.
- The sale of Coherent's Munich, Germany-based product division closed January 30, 2026 with a $96 million loss, while the aerospace and defense sale closed September 2, 2025 with a $115 million gain.
- Coherent recorded $64 million of additional non-cash impairment charges in fiscal 2026 on businesses classified as held-for-sale within its Industrial segment.
- Coherent is expanding indium phosphide capacity in Sherman, Texas, citing industry-wide shortage and customer demand for datacenter transceivers and ZR/ZR+ products.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 7. MANAGEMENT’S DISCUSSION Overview For an overview of our business, see Part I - Item 1. Business - General Description of Business of this Annual Report on Form 10-K for further information Trends and Other Matters Affecting Our Business Industry Conditions Coherent is a global leader in photonic technology. Our broad photonic technology platform is foundational to the performance and scalability of AI datacenters. AI runs on compute, but it scales on optical connectivity. …
An excerpt of the text as filed with the SEC, cut for length.
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