Coherent (COHR) Q4 FY26 earnings call

Coherent delivered a record-breaking Q4 and full fiscal year 2026, driven by exceptional demand in the AI data center and communications segments. The company is leveraging its broad photonic technology platform and expanding manufacturing capacity, particularly in 6-inch indium phosphide, to capitalize on the rapid growth of AI infrastructure. Management anticipates accelerated growth in fiscal 2027, with new revenue streams from OCS, CPO, and multi-rail systems expected to ramp up, alongside continued margin expansion and operating leverage.