Form 10-Q · Quarterly report
Coherent Corp. 10-Q, filed Nov 4, 2026
- Filed
- CIK
- 0000820318
- Accession no.
- 0000820318-26-000023
Summary
Coherent Corp. reported fiscal first-quarter revenue of $2.37 billion, up 50% year over year, and net earnings attributable to Coherent of $385 million, driven by 79% growth in its Datacenter & Communications segment. The company recorded restructuring and impairment charges, completed divestitures including its aerospace and defense business and a Munich-based product division, and recognized probable refunds after the U.S. Supreme Court ruled IEEPA tariffs unauthorized.
Key points
- Coherent reported fiscal first-quarter revenue of $2.37 billion, up 50% from $1.58 billion, and diluted EPS of $1.90, up from $1.19.
- Datacenter & Communications revenue rose $862 million, or 79%, on strong AI datacenter demand and a shift from copper to optical connectivity.
- Coherent completed the sale of its aerospace and defense business for about $400 million in September 2025 and the sale of its Munich-based product division on January 30, 2026 at a $96 million loss.
- After the U.S. Supreme Court ruled in February 2026 that IEEPA tariffs were not authorized, Coherent recognized probable tariff refunds from U.S. Customs and Border Protection.
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 2. MANAGEMENT’S DISCUSSION Overview Coherent Corp. (“Coherent”, the “Company,” “we,” “us” or “our”) is a vertically integrated manufacturing company that develops, manufactures and markets lasers, transceivers, and other optical and optoelectronic devices, modules, and systems, as well as engineered materials, for use in datacenter & communications, as well as industrial applications, including precision manufacturing, energy, semiconductor & display capital equipment, and instrumentation. We generate nearly all of our revenues, earnings, and cash flows from developing, manufacturing, and marketing a wide range of products and services for our end markets. …
An excerpt of the text as filed with the SEC, cut for length.
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