Jun 2026 (Q4 FY26) — Aug 12, 2026
Coherent Corp. Q4 FY26 — Record Revenue and Strong AI-Driven Growth
Read the full callCoherent (COHR) earnings
- Jun 2026
- Jun 2026 (Q4 FY26)
- Jun 2026
Coherent earnings: last reported Wed, 12 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 2,046 | +33.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 241 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Guidance
What management said, and what became of it
49 of 53 judged targets kept · 29 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Communications revenue - sequential growth | grow sequentially | Dec 2025 | Q4 revenue increased 11% sequentially, 56% year-over-year, driven by continued strength across data center interconnects, scale-across and traditional telecom applications. | Achieved |
| Industrial segment revenue - sequential growth | sequential growth in the June quarter | Dec 2025 | Turning to our Industrial segment. Revenue was roughly flat on a pro forma basis in both fiscal '26 and Q4. | Missed |
| Multi-rail systems initial revenue | revenue contribution starting in the second half of calendar 2026 | Dec 2025 | We estimate a more than $2 billion addressable market by calendar 2030, continue to expect initial revenue to ramp in the first half of calendar '27. | Delayed |
4 of COHERENT CORP.'s 82 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 79 more targets are in the full ledger.
Claimed
- Q4 FY26 pro forma revenue increased 42% year-over-year to a record $2.05 billion.
- Full-year FY26 pro forma revenue increased 28% to a record $7 billion.
- Non-GAAP EPS grew 74% year-over-year in Q4 FY26 to $1.74, and 59% for the full year to $5.61.
- Non-GAAP gross margin expanded by 215 basis points year-over-year in Q4 to 40.2%, and 152 basis points for the full year to 39.4%.
- Debt leverage reduced to 0.7x at year-end FY26 from 2x at the end of FY25.
Qualified
- Industrial segment revenue was roughly flat on a pro forma basis in both fiscal '26 and Q4.
- Continued weakness across broader industrial markets offset growth in semiconductor and display capital equipment.
Price
$232.02 −0.38% · −$0.88
Performance +99.4% 1Y
1Y: $116.35 on 17 Oct 2025 → $232.02. High $426.89 (2 Jun 2026), low $115.37 (22 Oct 2025).
- Previous close
- $232.9
- 52-week range
- $115.37 – $426.89
- One year
- +93.03%
Overview
- Symbol
- COHR
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
49 of 53 judged targets kept · 29 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Communications revenue - sequential growth | grow sequentially | Dec 2025 | Q4 revenue increased 11% sequentially, 56% year-over-year, driven by continued strength across data center interconnects, scale-across and traditional telecom applications. | Achieved |
| Industrial segment revenue - sequential growth | sequential growth in the June quarter | Dec 2025 | Turning to our Industrial segment. Revenue was roughly flat on a pro forma basis in both fiscal '26 and Q4. | Missed |
| Multi-rail systems initial revenue | revenue contribution starting in the second half of calendar 2026 | Dec 2025 | We estimate a more than $2 billion addressable market by calendar 2030, continue to expect initial revenue to ramp in the first half of calendar '27. | Delayed |
Claimed
- Q4 FY26 pro forma revenue increased 42% year-over-year to a record $2.05 billion.
- Full-year FY26 pro forma revenue increased 28% to a record $7 billion.
- Non-GAAP EPS grew 74% year-over-year in Q4 FY26 to $1.74, and 59% for the full year to $5.61.
- Non-GAAP gross margin expanded by 215 basis points year-over-year in Q4 to 40.2%, and 152 basis points for the full year to 39.4%.
- Debt leverage reduced to 0.7x at year-end FY26 from 2x at the end of FY25.
Qualified
- Industrial segment revenue was roughly flat on a pro forma basis in both fiscal '26 and Q4.
- Continued weakness across broader industrial markets offset growth in semiconductor and display capital equipment.
The full ledger
Open COHERENT CORP.’s full ledger
A free account opens 5 company ledgers a month. All 82 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q3 FY26) — May 6, 2026
Coherent Q3 FY26 — AI datacenter demand drives record revenue and a new growth inflection
Read the full callDec 2025 (Q2 FY26) — Feb 4, 2026
Coherent Corp. Q2 FY26 — Strong AI-Driven Growth and Capacity Expansion
Read the full callEvery analysed call
Coherent earnings calls (COHR)
Financials
What the filings say
Net profit, year on year: +352% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,348 | 1,435 | 1,498 | 1,529 | 1,581 | 1,686 | 1,806 | 2,046 |
| Expenses | 1,329 | 1,306 | 1,488 | 1,593 | 1,364 | 1,518 | 1,621 | 1,767 |
| Profit before tax | 19 | 128 | 10 | -63 | 217 | 168 | 184 | 279 |
| Tax rate | −28.8% | 20.9% | 82.2% | −54.7% | −3.8% | 14.4% | 1.4% | 15.2% |
| Net profit | 26 | 103 | 16 | -96 | 226 | 147 | 191 | 241 |
| EPS ($ per share) | 0.04 | 0.46 | 0.11 | — | 1.24 | 0.87 | 1.01 | — |
| Line item | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 382 | 1,487 | 2,028 | 2,065 | 3,781 | 4,858 | 5,056 | 9,791 |
| Reserves | 944 | 877 | 1,137 | 1,348 | 944 | 665 | 584 | 1,354 |
| Total liabilities | 821 | 3,158 | 2,380 | 3,462 | 6,482 | 6,542 | 6,430 | 7,062 |
| Fixed assets | 583 | 1,215 | 1,243 | 1,363 | 1,782 | 1,817 | 1,878 | 2,999 |
| Investments | — | — | — | — | — | — | 0 | 825 |
| Total assets | 1,954 | 5,235 | 6,513 | 7,845 | 13,711 | 14,489 | 14,911 | 18,300 |
| Line item | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 178 | 297 | 574 | 413 | 634 | 546 | 634 | 80 |
| Cash from investing | -224 | -1,179 | -173 | -320 | -5,929 | -351 | -414 | -1,414 |
| Cash from financing | 5 | 1,174 | 676 | 863 | 3,554 | 758 | -452 | 1,477 |
| Net cash flow | -42 | 288 | 1,099 | 990 | -1,745 | 952 | -157 | 135 |
| Capital expenditure | -137 | -137 | -146 | -314 | -436 | -347 | -441 | -1,103 |
| Free cash flow | 41 | 160 | 428 | 99 | 198 | 199 | 193 | -1,023 |
COHR revenue by segment
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Datacenter and Communications | — | — | — | — | 69% | 72% | 75% | 79% | — |
| Industrial | — | — | — | — | 31% | 28% | 25% | 21% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q4 FY2026 · share of revenue
- North America 68% ↑ 5 pt
- CN 12% ↑ 1 pt
- Europe 11% ↓ 2 pt
- JP 4% ↓ 3 pt
As COHR cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
89 filings between Oct 21, 2025 and Oct 12, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$1.12B
40 sales by 13 insiders
45% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 21
- Award — granted as compensation
- 12
- Option exercise — converted options into shares
- 12
- Tax withheld — shares kept back by the company to cover tax
Also filed: 2 gifts, 1 conversion, 1 other.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| BAIN CAPITAL INVESTORS LLC | — | $1.08B | Nov 7, 2025 |
| BARBAROSSA GIOVANNI | — | $18.08M | Nov 6, 2025 |
| Eng Julie Sheridan | — | $4.77M | Sep 1, 2026 |
| CORASANTI JOSEPH J | — | $4.42M | Dec 10, 2025 |
| Luther Sherri R | — | $3.60M | Aug 18, 2026 |
| Digirolomo Enrico | — | $3.58M | Sep 11, 2026 |
| SKAGGS STEPHEN A | — | $2.33M | Aug 31, 2026 |
| Xia Howard H. | — | $2.25M | May 11, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 12, 2026 | Luther Sherri R Chief Financial Officer | Tax withheld | 18,284 | $5.72M |
| Oct 1, 2026 | Place Jeffrey B. Chief Supply Chain Officer | Tax withheld | 641 | $184.5K |
| Sep 11, 2026 | Digirolomo Enrico Director | Sale | 5,315 | $1.63M |
| Sep 11, 2026 | Digirolomo Enrico Director | Gift | 1,279 | $0 |
| Sep 9, 2026 | Beard Robert P Chief Strategy & Legal Officer | Sale | 500 | $154.7K |
| Sep 2, 2026 | Neal-Graves Lisa Director | Sale | 2,200 | $590.5K |
| Sep 1, 2026 | Eng Julie Sheridan Chief Technology Officer | Sale 10b5-1 plan | 6,030 | $1.63M |
| Aug 31, 2026 | SKAGGS STEPHEN A Director | Sale 10b5-1 plan | 2,272 | $629.1K |
| Aug 31, 2026 | Digirolomo Enrico Director | Sale 10b5-1 plan | 2,272 | $629.0K |
| Aug 31, 2026 | Eng Julie Sheridan Chief Technology Officer | Sale 10b5-1 plan | 7,047 | $1.95M |
| Aug 28, 2026 | Luther Sherri R CFO and Treasurer | Tax withheld | 2,594 | $766.2K |
| Aug 28, 2026 | Mocciaro Ilaria Chief Accounting Officer | Tax withheld | 2,174 | $642.2K |
| Aug 28, 2026 | Place Jeffrey B. Chief Supply Chain Officer | Award | 3,358 | $0 |
| Aug 28, 2026 | Eng Julie Sheridan Chief Technology Officer | Tax withheld 10b5-1 plan | 12,862 | $3.80M |
| Aug 28, 2026 | ANDERSON JAMES ROBERT CEO | Tax withheld | 11,958 | $3.53M |
| Aug 28, 2026 | Beard Robert P Chief Strategy & Legal Officer | Award | 5,373 | $0 |
| Aug 28, 2026 | Mocciaro Ilaria Chief Accounting Officer | Award | 1,612 | $0 |
| Aug 28, 2026 | Eng Julie Sheridan Chief Technology Officer | Award 10b5-1 plan | 11,960 | $0 |
| Aug 28, 2026 | Beard Robert P Chief Strategy & Legal Officer | Tax withheld | 1,896 | $560.1K |
| Aug 28, 2026 | ANDERSON JAMES ROBERT CEO | Award | 30,564 | $0 |
| Aug 28, 2026 | Luther Sherri R CFO and Treasurer | Award | 8,731 | $0 |
| Aug 28, 2026 | Mocciaro Ilaria Chief Accounting Officer | Award | 2,449 | $0 |
| Aug 28, 2026 | Eng Julie Sheridan Chief Technology Officer | Award 10b5-1 plan | 5,373 | $0 |
| Aug 18, 2026 | Luther Sherri R Chief Financial Officer | Sale 10b5-1 plan | 3,000 | $972.0K |
| Jul 22, 2026 | Luther Sherri R Chief Financial Officer | Sale 10b5-1 plan | 1,000 | $306.7K |
| Jul 1, 2026 | Place Jeffrey B. Chief Supply Chain Officer | Tax withheld | 2,181 | $860.3K |
| Jun 3, 2026 | ANDERSON JAMES ROBERT CEO | Tax withheld | 25,836 | $11.03M |
| May 12, 2026 | Luther Sherri R Chief Financial Officer | Sale 10b5-1 plan | 2,000 | $745.9K |
| May 11, 2026 | Xia Howard H. Director | Sale | 500 | $184.0K |
| May 11, 2026 | Xia Howard H. Director | Sale | 500 | $179.0K |
| May 11, 2026 | Xia Howard H. Director | Sale | 500 | $174.0K |
| May 11, 2026 | Xia Howard H. Director | Sale | 500 | $172.0K |
| May 11, 2026 | Xia Howard H. Director | Option exercise | 2,000 | $43.3K |
| Apr 22, 2026 | Luther Sherri R Chief Financial Officer | Sale 10b5-1 plan | 2,000 | $702.0K |
| Mar 17, 2026 | Xia Howard H. Director | Option exercise | 3,240 | $70.2K |
| Mar 17, 2026 | Xia Howard H. Director | Sale | 1,240 | $292.9K |
| Mar 17, 2026 | Xia Howard H. Director | Sale | 1,000 | $244.5K |
| Mar 17, 2026 | Xia Howard H. Director | Sale | 1,000 | $245.6K |
| Mar 16, 2026 | Xia Howard H. Director | Sale | 1,000 | $258.0K |
| Mar 16, 2026 | Xia Howard H. Director | Option exercise | 1,000 | $21.7K |
| Mar 10, 2026 | Eng Julie Sheridan Chief Technology Officer | Sale 10b5-1 plan | 1,454 | $375.4K |
| Mar 9, 2026 | SKAGGS STEPHEN A Director | Sale 10b5-1 plan | 3,523 | $856.6K |
| Mar 6, 2026 | Digirolomo Enrico Director | Option exercise | 1,005 | $50.1K |
| Mar 6, 2026 | Digirolomo Enrico Director | Option exercise | 2,906 | $106.2K |
| Mar 6, 2026 | Digirolomo Enrico Director | Gift | 1,847 | $0 |
| Mar 6, 2026 | Digirolomo Enrico Director | Sale | 3,911 | $944.5K |
| Mar 2, 2026 | Eng Julie Sheridan Chief Technology Officer | Sale 10b5-1 plan | 2,792 | $813.6K |
| Feb 28, 2026 | Mocciaro Ilaria Chief Accounting Officer | Tax withheld | 636 | $164.7K |
| Feb 12, 2026 | Luther Sherri R Chief Financial Officer | Sale 10b5-1 plan | 4,000 | $871.0K |
| Feb 11, 2026 | PAGLIUCA STEPHEN G Director | Award | 279 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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