Coherent Corp (COHR)
NYSE:COHR
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Earnings Data
Report Date
Aug 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
1.61Last Year’s EPS
1Same Quarter Last Year
Strong Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was decisively positive: the company reported record revenue, accelerating sequential and year-over-year growth, meaningful gross margin expansion and a large, strengthening backlog. Material strategic achievements include a $2B NVIDIA investment and multiyear CPO supply agreement, rapid progress on 6-inch indium phosphide capacity (on track to double capacity early), and strong Datacenter & Communications growth (driving ~75% of revenue). Near-term challenges include industrial softness, higher R&D/opex as the company invests for scale, a multi-month lag between device production and shipped revenue, and typical execution risks as new production sites and product ramps scale. Overall, the highlights substantially outweigh the lowlights, supporting an optimistic outlook but with acknowledged execution and timing risks on capacity and new-product ramps.Company Guidance
Record Revenue and Accelerating Growth
Q3 revenue of $1.8B (record) — +7% sequential and +21% year-over-year on a reported basis; pro forma revenue growth of +9% sequential and +27% year-over-year. Company guides Q4 revenue between $1.91B and $2.05B and expects fiscal 2027 growth rate to exceed fiscal 2026.
Strong Segment Performance — Datacenter & Communications
Datacenter & Communications accounted for 75% of company revenue in Q3; Datacenter revenue +13% sequential and +37% year-over-year; Datacenter & Communications segment grew >40% year-over-year, driving much of the company acceleration.
Margin Expansion and Profitability
Q3 non-GAAP gross margin 39.6% (up 57 basis points sequentially and 105 basis points year-over-year). Non-GAAP operating margin 20.3% (up vs 19.9% prior quarter). Non-GAAP EPS $1.41, +9% sequential and +55% year-over-year. Company reaffirmed continued gross margin improvement with guidance for Q4 gross margin of 39%–41% and an Investor Day target >42%.
Record Backlog and Long-Term Visibility
Order book reached a record level with orders extending into calendar 2028 and multiple long-term agreements (LTAs) extending to the end of the decade, providing strong multi-year demand visibility.
6-inch Indium Phosphide Ramp and Capacity Expansion
Progress on 6-inch indium phosphide ramp: yields for EMLs, CW lasers and photodiodes exceed 3-inch yields; shipped first transceivers containing 6-inch components; company on track to double internal indium phosphide capacity by end of calendar year (and expects to hit that milestone one quarter early) and to more than double again by end of 2027 (quadrupling in ~2 years).
Strategic NVIDIA Partnership and Balance Sheet Strength
Strategic CPO partnership with NVIDIA includes a $2B NVIDIA equity investment and a multiyear supply agreement through the end of the decade; cash increased to $3.0B from $1.5B sequentially primarily due to the NVIDIA investment; debt leverage ratio reduced to 0.5x (down from 1.7x in Q2 and 2.1x year-ago).
Ramp of New High-Value Product Lines (OCS, CPO, Multi-Rail, Thermal)
OCS market opportunity raised to >$4B and production bottlenecks resolved with ramp across two facilities; CPO addressable opportunity estimated >$15B with initial scale-out revenue expected H2 calendar year and scale-up H2 2027; multi-rail opportunity sized at ~ $2B with initial revenue expected H1 2027; Thermadite thermal and thermoelectric products expected to start revenue H2 2027.
Operational Investment and Capital Allocation
Q3 CapEx increased to $290M (vs $154M prior quarter and $112M year-ago) to expand internal capacity; company expects CapEx to increase sequentially in Q4 to support demand and capacity ramps; R&D investment increased to 9.9% of revenue to fund transceiver, CPO and system roadmaps.
COHR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
COHR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $344.67 | $319.19 | -7.39% |
Feb 04, 2026 | $211.00 | $209.24 | -0.83% |
Nov 05, 2025 | $134.63 | $159.30 | +18.32% |
Aug 13, 2025 | $114.01 | $91.65 | -19.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Coherent Corp (COHR) report earnings?
Coherent Corp (COHR) is schdueled to report earning on Aug 13, 2026, Before Open (Confirmed).
What is Coherent Corp (COHR) earnings time?
Coherent Corp (COHR) earnings time is at Aug 13, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is COHR EPS forecast?
COHR EPS forecast for the fiscal quarter 2026 (Q4) is 1.61.
