Coherent Inc (COHR)

Official site

TECHNOLOGY • SCIENTIFIC & TECHNICAL INSTRUMENTS • NYSE

$250.51

-12.81 (-4.86%)

Market Cap: $54.59B

Last updated: Oct 16, 2026 at 1:55 PM ET

Earnings

Performance (10Y)

Beat Rate

82%(32/39)

Avg Surprise

+19.61%

Streak

13 Q

Upcoming Estimates

Period ending Sep 30, 2026

EPS Consensus$1.96

Range$1.68 - $2.05

20 analysts

EPS Revisions

30d

EPS Estimate DriftChange to current

90d ago$1.77+11.2%

60d ago$1.77+10.8%

30d ago$1.96+0.4%

7d ago$1.96+0.2%

Current$1.96

Revenue Consensus

$2.3B

Range$2.2B - $2.4B

17 analysts

Period ending Dec 31, 2026

EPS Consensus$2.20

Range$1.90 - $2.48

20 analysts

EPS Revisions

30d

EPS Estimate DriftChange to current

90d ago$1.95+12.6%

60d ago$1.96+12.0%

30d ago$2.19+0.4%

7d ago$2.19+0.2%

Current$2.20

Revenue Consensus

$2.5B

Range$2.4B - $2.7B

17 analysts

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Dec 31, 2026Dec 26EST	-	$2.20	$1.90 - $2.48	-	-	20	15 1 30d	-
Sep 30, 2026Sep 26EST	-	$1.96	$1.68 - $2.05	-	-	20	17 0 30d	-
Jun 30, 2026Jun 26 Reported Aug 12, 2026Reported Aug 12	$1.47	$1.43	$1.30 - $1.56	+2.80%	Beat	19	2 0 30d	+47.0%
Mar 31, 2026Mar 26 Reported May 6, 2026Reported May 6	$1.41	$1.39	$1.28 - $1.47	+1.44%	Beat	18	3 0 30d	+54.9%
Dec 31, 2025Dec 25 Reported Feb 4, 2026Reported Feb 4	$1.29	$1.21	$1.10 - $1.26	+6.61%	Beat	17	3 1 30d	+35.8%
Sep 30, 2025Sep 25 Reported Nov 5, 2025Reported Nov 5	$0.93	$0.85	$0.81 - $0.89	+9.41%	Beat	17	10 5 30d	+25.7%
Jun 30, 2025Jun 25 Reported Aug 13, 2025Reported Aug 13	$1.00	$0.92	$0.89 - $1.03	+8.70%	Beat	17	2 0 30d	+63.9%
Mar 31, 2025Mar 25 Reported May 7, 2025Reported May 7	$0.91	$0.86	$0.81 - $0.89	+5.81%	Beat	17	16 0 30d	+71.7%
Dec 31, 2024Dec 24 Reported Feb 5, 2025Reported Feb 5	$0.95	$0.67	$0.35 - $0.75	+41.79%	Beat	16	1 0 30d	+163.9%
Sep 30, 2024Sep 24 Reported Nov 6, 2024Reported Nov 6	$0.74	$0.61	$0.57 - $0.68	+21.31%	Beat	17	1 0 30d	+362.5%
Jun 30, 2024Jun 24 Reported Aug 15, 2024Reported Aug 15	$0.61	$0.60	$0.52 - $0.65	+1.67%	Beat	16	No revisions (30d)	+48.8%
Mar 31, 2024Mar 24 Reported May 6, 2024Reported May 6	$0.53	$0.42	$0.34 - $0.56	+26.19%	Beat	17	0 1 30d	-8.6%
Dec 31, 2023Dec 23 Reported Feb 5, 2024Reported Feb 5	$0.36	$0.26	$0.14 - $0.62	+38.46%	Beat	17	No revisions (30d)	-62.1%
Sep 30, 2023Sep 23 Reported Nov 6, 2023Reported Nov 6	$0.16	$0.12	$0.10 - $0.16	+33.33%	Beat	17	No revisions (30d)	-84.6%
Jun 30, 2023Jun 23 Reported Aug 15, 2023Reported Aug 15	$0.41	$0.38	$0.34 - $0.41	+7.89%	Beat	17	1 0 30d	-58.2%
Mar 31, 2023Mar 23 Reported May 10, 2023Reported May 10	$0.58	$0.82	$0.68 - $0.88	-29.27%	Miss	18	No revisions (30d)	-38.9%
Dec 31, 2022Dec 22 Reported Feb 8, 2023Reported Feb 8	$0.95	$0.93	$0.88 - $1.00	+2.15%	Beat	19	No revisions (30d)	+3.3%
Sep 30, 2022Sep 22 Reported Nov 9, 2022Reported Nov 9	$1.04	$0.83	$0.77 - $0.85	+25.30%	Beat	17	1 0 30d	+19.5%
Jun 30, 2022Jun 22 Reported Aug 24, 2022Reported Aug 24	$0.98	$0.94	-	+4.26%	Beat	4	No revisions (30d)	+11.4%
Mar 31, 2022Mar 22 Reported May 10, 2022Reported May 10	$0.95	$0.85	-	+11.76%	Beat	6	No revisions (30d)	+4.4%
Dec 31, 2021Dec 21 Reported Feb 9, 2022Reported Feb 9	$0.92	$0.86	$0.55 - $1.26	+6.98%	Beat	7	No revisions (30d)	-14.8%
Sep 30, 2021Sep 21 Reported Nov 9, 2021Reported Nov 9	$0.87	$0.83	-	+4.82%	Beat	9	No revisions (30d)	+3.6%
Jun 30, 2021Jun 21 Reported Aug 10, 2021Reported Aug 10	$0.88	$0.76	$0.59 - $0.85	+15.79%	Beat	7	No revisions (30d)	-25.4%
Mar 31, 2021Mar 21 Reported May 6, 2021Reported May 6	$0.91	$0.88	$0.57 - $1.46	+3.41%	Beat	10	No revisions (30d)	+93.6%
Dec 31, 2020Dec 20 Reported Feb 9, 2021Reported Feb 9	$1.08	$0.91	$0.69 - $1.11	+18.68%	Beat	11	3 0 30d	+200.0%
Sep 30, 2020Sep 20 Reported Nov 5, 2020Reported Nov 5	$0.84	$0.55	$0.45 - $0.61	+52.73%	Beat	10	No revisions (30d)	+47.4%
Jun 30, 2020Jun 20 Reported Aug 13, 2020Reported Aug 13	$1.18	$0.78	$0.65 - $0.94	+51.28%	Beat	10	2 0 30d	+76.1%
Mar 31, 2020Mar 20 Reported May 11, 2020Reported May 11	$0.47	$0.14	$-0.21 - $0.46	+235.71%	Beat	11	1 0 30d	-24.2%
Dec 31, 2019Dec 19 Reported Feb 10, 2020Reported Feb 10	$0.36	$0.36	-	+0.00%	Beat	11	No revisions (30d)	-49.3%
Sep 30, 2019Sep 19 Reported Nov 12, 2019Reported Nov 12	$0.57	$0.60	$0.48 - $0.78	-5.00%	Miss	10	1 0 30d	+1.8%
Jun 30, 2019Jun 19 Reported Aug 13, 2019Reported Aug 13	$0.67	$0.66	$0.50 - $0.78	+1.52%	Beat	10	No revisions (30d)	+67.5%
Mar 31, 2019Mar 19 Reported May 1, 2019Reported May 1	$0.62	$0.65	-	-4.62%	Miss	10	1 0 30d	+72.2%
Dec 31, 2018Dec 18 Reported Jan 3, 2019Reported Jan 3	$0.71	$0.67	-	+5.97%	Beat	9	No revisions (30d)	+82.1%
Sep 30, 2018Sep 18 Reported Nov 1, 2018Reported Nov 1	$0.56	$0.56	-	+0.00%	Beat	8	No revisions (30d)	+60.0%
Jun 30, 2018Jun 18 Reported Aug 7, 2018Reported Aug 7	$0.40	$0.42	-	-4.76%	Miss	8	No revisions (30d)	-29.8%
Mar 31, 2018Mar 18 Reported May 1, 2018Reported May 1	$0.36	$0.38	-	-5.26%	Miss	7	2 0 30d	-20.0%
Dec 31, 2017Dec 17 Reported Feb 1, 2018Reported Feb 1	$0.39	$0.42	-	-7.14%	Miss	8	1 0 30d	-20.4%
Sep 30, 2017Sep 17 Reported Oct 31, 2017Reported Oct 31	$0.35	$0.38	-	-7.89%	Miss	-	-	-
Jun 30, 2017Jun 17 Reported Aug 7, 2017Reported Aug 7	$0.57	$0.37	-	+54.05%	Beat	-	-	-
Mar 31, 2017Mar 17 Reported May 2, 2017Reported May 2	$0.45	$0.32	-	+40.63%	Beat	-	-	-
Dec 31, 2016Dec 16 Reported Jan 24, 2017Reported Jan 24	$0.49	$0.26	-	+88.46%	Beat	-	-	-

Key Metrics

Valuation
P/E Ratio	49.12	EV/EBITDA	36.85x
Price/FCF	-47.94x	FCF Yield	-2.09%
Profitability
Profit Margin	11.30%	Operating Margin	11.80%
ROE	7.98%	ROIC	5.57%
Financial Health
Debt/Equity	0.30x	Interest Coverage	N/A
Current Ratio	2.43x	Quick Ratio	1.52x
Trading Statistics
Beta	2.11	Avg Volume	7.17M
52-Week High	$440.00	52-Week Low	$112.96

Technical Indicators Dashboard

Moving Averages

SMA 10$305.04

SMA 20$303.42

SMA 50$301.87

SMA 200$294.28

EMA 10$290.00

EMA 20$296.69

EMA 50$301.95

EMA 200$280.06

MACD

Line: -5.35Signal: 1.39Hist: -6.74

ADX

ADX: 13.5+DI: 16.6-DI: 36.5

Aroon & PSAR

Aroon Up68.0

Aroon Down100.0

PSAR$333.38

Bollinger Bands

Upper Band$351.55

Lower Band$255.29

%B Position3172%(Upper)

Band Width-0.05

RSI (14-Day)

Neutral

36.7

Momentum Oscillators

Stoch %K13.2

Stoch %D20.2

Williams %R-85.9

ROC (10d)-21.5%

Momentum-68.68

CCI (20d)-213.3

MFI (14d)47.1

Volatility Measures

ATR (14d)$22.87(9.1%)

StdDev (20d)24.06

Hist Vol85.0%(High)

Volume Flow

VWAP$246.11

OBV228.5M

AD Line61.3M

CMF (20d)0.021

Volume Metrics

Avg Vol (20d)7.2M

Vol Ratio1.4x

VWMA (20d)$303.65

Pivot Points

R3$301.35

R2$293.17

R1$278.25

Pivot Point$270.07

S1$255.15

S2$246.97

S3$232.05

Advanced Oscillators

TSI-5.47

Ultimate Osc40.4

KST38.13

Financial Data

Quarter	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Total Revenue	$2.05B	$1.81B	$1.69B	$1.58B	$1.53B	$1.50B	$1.43B	$1.35B	$1.31B	$1.21B	$1.13B	$1.05B
Cost of Revenue	$1.26B	$1.13B	$1.06B	$1.00B	$983.29M	$970.19M	$925.31M	$888.00M	$882.42M	$842.32M	$780.79M	$746.19M
Gross Profit	$787.08M	$679.95M	$622.82M	$579.20M	$546.15M	$527.69M	$509.35M	$460.13M	$431.94M	$366.49M	$350.64M	$306.89M

Operating Expenses	$508.56M	$504.52M	$454.83M	$477.52M	$609.57M	$517.80M	$380.95M	$440.83M	$422.03M	$398.34M	$388.05M	$395.19M
R&D	$216.38M	$185.99M	$165.71M	$154.88M	$155.74M	$150.73M	$143.85M	$131.60M	$126.65M	$127.48M	$111.16M	$113.49M
SG&A	$266.36M	$267.64M	$258.49M	$252.08M	$245.43M	$231.44M	$220.61M	$228.97M	$227.97M	$205.17M	$209.16M	$211.70M
Operating Income	$278.51M	$175.43M	$167.99M	$101.67M	$-63,416,000	$9.89M	$128.40M	$19.30M	$9.91M	$-31,851,000	$-37,407,000	$-88,297,000

Interest Income	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Interest Expense	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Income Before Tax	$278.51M	$184.35M	$167.99M	$216.89M	$-63,416,000	$9.89M	$128.40M	$19.30M	$9.91M	$-31,851,000	$-37,407,000	$-88,297,000
Income Tax Expense	$42.31M	$2.67M	$24.17M	$-8,310,000	$34.70M	$8.13M	$26.86M	$-5,558,000	$56.93M	$-16,121,000	$-8,932,000	$-20,763,000

Net Income	$236.20M	$181.67M	$143.81M	$225.20M	$-98,111,000	$1.76M	$101.54M	$24.86M	$-47,025,000	$-15,730,000	$-28,475,000	$-67,534,000

EBITDA	$421.50M	$320.16M	$296.42M	$349.10M	$75.52M	$161.70M	$267.80M	$162.53M	$157.95M	$112.34M	$105.85M	$53.63M
EBIT	$278.51M	$184.35M	$167.99M	$216.89M	$-63,416,000	$9.89M	$128.40M	$19.30M	$9.91M	$-31,851,000	$-37,407,000	$-88,297,000

* Some calculated fields are derived from available data when not provided by source

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ANETCOHRLITE

Government Contracts

Gov Obligations (TTM)

$1.35M

Gov Obligations / Revenue

0.0%

Obligations YoY

N/A

Active Awards

New Awards (TTM)

Avg Remaining Term

6.0 mo

Top agency: Department of Health and Human Services at 65.3% of trailing twelve month obligations across 5 agencies

Recent Awards

Award ID	Agency	Obligated	Start	End	Description
75N92025P00383	Department of Health and Human ServicesNational Institutes of Health	$748842	Sep 25, 2025	Jun 24, 2026	STARCUT TUBE ML DUAL LASER FEMTOSECOND CUTTING SYSTEM
N3239825P0712	Department of DefenseDepartment of the Navy	$245846	Aug 21, 2025	Dec 12, 2025	LASER SYSTEM
1333ND25PNB680457	Department of CommerceNational Institute of Standards and Technology	$56795	Sep 17, 2025	Jul 10, 2026	OU68-25-NEW-256 REPLACEMENT 10W PUMP
80NSSC26P0046	National Aeronautics and Space AdministrationNational Aeronautics and Space Administration	$51880	Dec 5, 2025	Mar 13, 2026	COHERENT PROMETHEUS 20 LASER SYSTEM
W911QX25PA081	Department of DefenseDepartment of the Army	$45000	Sep 15, 2025	Sep 15, 2025	532 NANOMETER LASER W/ CHILLER
75N94025P00591	Department of Health and Human ServicesNational Institutes of Health	$33805	Sep 10, 2025	Nov 10, 2025	NRR; DIR/CUI; FOUR WAVELENGTH LASER SYSTEM FOR FIBER PHOTOMETRY
1333ND26PNB030178	Department of CommerceNational Institute of Standards and Technology	$32695	Jul 1, 2026	Sep 10, 2026	OU03-FY26-237-NEW COHERENT CW UV LASER COHERENT MODEL OBIS 320NM XT, 40MW
W911QX26PA005	Department of DefenseDepartment of the Army	$27000	Dec 16, 2025	Jun 18, 2026	PUMP LASER VERDI G5 LASER-DIODE SYSTEM WITH WATER RISER AND CHILLER
75N94026P00145	Department of Health and Human ServicesNational Institutes of Health	$20310	Feb 11, 2026	Feb 10, 2027	NICHD: SERVICES - THIS FIRM FIXED PRICE PURCHASE ORDER IS AWARDED FOR MONACO PRODUCTIVITY PLUS GOLD TO COHERENT NA, INC.:1352540 - SEVERABLE PERIOD OF PERFORMANCE: 02/11/2026 - 02/10/2027 QUOTE# COHR-374040-1
75N98026P00406	Department of Health and Human ServicesNational Institutes of Health	$20000	Jul 17, 2026	Jul 16, 2027	THE NEUROVASCULAR RESEARCH (NVR) UNIT IS REQUESTING THE PURCHASE OF A WARRANTY WITH OPTION YEARS TO COVER THRU JULY 2029. THIS WILL MATCH THE COVERAGE PERIOD FOR THE OTHER LASER TO ALIGN FUTURE WARRANTY EXTENSIONS. THIS COVERAGE IS ESSENTIAL FOR MAI

Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

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COHR Valuation and Fair Value

P/E: 49.1x
Forward P/E: 30.5x
EV/EBITDA: 36.9x
P/FCF: -47.9x
PEG: 0.9x
P/B: 4.5x

See GNG's fair value

COHR Profitability: Margins, ROIC and FCF

Gross margin: 37.5%
Operating margin: 11.8%
Net margin: 11.3%
ROIC: 5.6%
ROE: 8.0%
FCF margin: -14.4%
FCF yield: -2.1%

COHR Competitors

Company	Ticker
Nokia Corp ADR	NOK
Garmin Ltd	GRMN
NXP Semiconductors NV	NXPI
Atlassian Corp Plc	TEAM
United Microelectronics	UMC
Astera Labs, Inc.	ALAB
Teradyne Inc	TER
Ciena Corp	CIEN

Sector: Technology

COHR Analyst Ratings

Consensus: Buy
Analysts: 24
Strong Buy: 4
Buy: 15
Hold: 5
Sell: 0
Strong Sell: 0

COHR Bull Case vs Bear Case

Bull case

COHR beat EPS estimates in 100.0% of its last 8 reported quarters.
COHR grew quarterly revenue 33.7% year over year.
79.2% of COHR's analyst ratings are Buy or Strong Buy.

Bear case

COHR trades at 49.1x trailing earnings.

COHR Earnings: Beat Rate and Next Report

Beat rate: 8 of 8 quarters (100.0%)
Average surprise: 12.2%
EPS estimate (fiscal period ending Sep 30, 2026): $1.96
Estimate revisions (30 days, fiscal period ending Sep 30, 2026): 17 up, 0 down

Frequently Asked Questions About COHR

Does COHR pay dividends?

Coherent Inc (COHR) does not currently pay a regular dividend.

What is COHR's P/E ratio?

Coherent Inc has a price-to-earnings (P/E) ratio of 49.12.

What is COHR's market cap?

Coherent Inc (COHR) has a market capitalization of $54.59B with a current stock price of $250.51.

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