Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a variety of scientific, commercial, and industrial research applications. The company is headquartered in Santa Clara, California.
| Revenue (TTM) | $7.91B |
| Gross Profit (TTM) | $3.02B |
| EBITDA | $1.66B |
| Operating Margin | 16.30% |
| Return on Equity | 9.27% |
| Return on Assets | 3.99% |
| Revenue/Share (TTM) | $42.22 |
| Book Value | $57.53 |
| Price-to-Book | 3.52 |
| Price-to-Sales (TTM) | 4.23 |
| EV/Revenue | 5.62 |
| EV/EBITDA | 25.62 |
| Quarterly Earnings Growth (YoY) | 60.10% |
| Quarterly Revenue Growth (YoY) | 49.90% |
| Shares Outstanding | $196.96M |
| Float | $196.16M |
| % Insiders | 4.41% |
| % Institutions | 88.58% |
Volatility is currently expanding
AI optical stocks are rallying, and one laser maker is far ahead of the group as traders take a second look at a quarterly report they'd sold off hard. Coherent (NYSE:COHR | COHR Price Prediction) stock trades at $192.
Investors interested in Technology Services stocks are likely familiar with Coherent (COHR) and Enpro (NPO). But which of these two stocks presents investors with the better value opportunity right now?
Coherent targets over 60% revenue growth in fiscal 2027 as AI demand, a $20B customer deal, PhotonLink expansion and rising optical capacity fuel its outlook.
Coherent has billions in AI contracts and a rival that is about to be swallowed whole. The harder question is whether the cash it burns building capacity will pay off before the biggest orders arrive.
Q1 REVENUE OF $2.37B, INCREASED 50% Y/Y AND 56% Y/Y ON A PRO FORMA BASIS Q1 GAAP GROSS MARGIN OF 39.1%, INCREASED 254 bps Y/Y; Q1 NON-GAAP GROSS MARGIN OF 40.6%, INCREASED 184 bps Y/Y Q1 GAAP EPS OF $1.90, INCREASED $0.71 Y/Y; Q1 NON-GAAP EPS OF $2.09, INCREASED $0.93 Y/Y SAXONBURG, Pa., Nov. 04, 2026 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR) (“Coherent,” “We,” or the “Company”), a global leader in photonics, announced financial results today for its first quarter of fiscal year 2027 ended September 30, 2026.
Coherent's Q1 earnings outlook signals strong revenue and profit growth, fueled by AI-driven optical networking demand, but valuation risks remain.
Coherent is positioned to capitalize on surging AI-driven demand for optical networking, with significant capacity expansion and new product launches. The Marvell-Lumentum merger distracts a key competitor for 18+ months, giving COHR a strategic window to win hyperscaler and CPO/NPO business. COHR guides for quarterly sales to rise from $2B in FQ4'26 to $3B by the end of FY27, with analysts projecting FY28 EPS near $14.
Optical networking stocks are bouncing back from a steep slide, and Coherent (NYSE:COHR | COHR Price Prediction) is leading the charge one day before its next earnings report. Coherent stock is at $210.98, up 6% in the morning session.
Baron SMID Cap ETF returned -2.87% (NAV) in the third quarter, outperforming its benchmark, the Russell 2500 Growth Index, which returned -10.35%. Top contributors were Rubrik, Inc., Tempus AI, Inc., and Netskope, Inc. Top detractors were Axon Enterprise, Inc., Forgent Power Solutions, Inc., and Mercury Systems, Inc.
I am upgrading Coherent to Strong Buy after a ~44% correction, as valuation risk has been removed while fundamentals remain robust. COHR now trades at ~15x forward EV/EBITDA, near pre-AI cycle lows, despite strong revenue growth, margin expansion, and reduced leverage. FY2027 is fully booked with supply constraints easing; long-term agreements and Nvidia partnership underpin visibility through FY2028 and beyond.
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