COHR's record FY26 results and strong FY27 outlook face a tougher test as surging capex, rising inventory and capacity constraints raise execution risks.
Investors are ditching chip makers and other AI stocks that had helped keep the market afloat on Monday.
The optics complex is splitting in two this morning. Coherent (NYSE:COHR | COHR Price Prediction) is trading down 4.94% and Cisco Systems (NASDAQ:CSCO) is down 8.48% after both reported fiscal fourth-quarter results last night.
| Automobile Components Industry | Consumer Discretionary Sector | James Robert Anderson CEO | XDUS Exchange | US19247G1076 ISIN |
| US Country | 30,216 Employees | 17 Dec 2012 Last Dividend | 27 Jun 2011 Last Split | 26 Mar 1990 IPO Date |
Coherent Corp. is a global leader in the development, manufacturing, and marketing of engineered materials, optoelectronic components, and devices. The company has a broad reach, serving customers worldwide through its two operational segments: Compound Semiconductors and Photonic Solutions. Initially founded as II-VI Incorporated, the entity underwent a name change to Coherent Corp. in September 2022. With its roots going back to 1971, Coherent Corp. is headquartered in Saxonburg, Pennsylvania, and caters to a wide array of industries including aerospace and defense, medical, industrial, optical communications, electronics, and instrumentation. The company is dedicated to innovation in the photonic sector, providing critical components and solutions for equipment manufacturers, system integrators, government prime contractors, and agencies, as well as for the industrial and consumer electronics markets.
This segment delivers optical and electro-optical components and materials tailored for use in various types of lasers including CO2, fiber, and direct diode lasers mainly for material processing applications. Coherent Corp. also provides infrared optical components and high-precision optical assemblies designed for demanding sectors like aerospace and defense, medical, and commercial laser imaging. Additionally, the segment offers semiconductor lasers and detectors for optical interconnects and sensing applications, alongside engineered materials suitable for thermoelectric, ceramics, and silicon carbide applications, and compound semiconductor epitaxial wafers for optical and wireless communication use.
The Photonic Solutions segment focuses on the manufacture of transceivers for high-speed data transmission in data centers and telecom optical networks, along with pump lasers, optical amplifiers, wavelength selective switches, and various advanced components for telecom networks. It also specializes in the production of crystal materials, optics, lasers, and optoelectronic modules for a broad spectrum of applications, including optical communications, life sciences, and consumer electronics markets.