Coherent Corp. 8-K
PositiveEarningsNew guidance
Datacenter demand drives margin expansion and a ramp in internal indium phosphide output.
Filed 2026-08-12 16:10 ET
- 2.02 Results of Operations
- 7.01 Regulation FD Disclosure
- 9.01 Financial Statements and Exhibits
Summary
Q4 and FY2026 results with Q1 FY2027 guidance. Coherent reported higher revenue and margins, driven by datacenter demand; Datacenter & Communications grew while Industrial revenue declined. The company said it is expanding manufacturing capacity to meet customer demand.
Key Figures
| Metric | Q4 FY2026 | Q4 FY2025 | Y/Y |
|---|---|---|---|
| Revenue | $2.05B | $1.53B | +33.8% |
| Gross margin, GAAP | 38.5% | 35.7% | +277 bp |
| Gross margin, non-GAAP | 40.2% | 38.1% | +215 bp |
| Operating income, GAAP | $254M | $6.1M | +4,063.9% |
| Operating income, non-GAAP | $446M | $275M | +62.1% |
| Net earnings attributable to Coherent Corp., GAAP | $241M | $(95.6)M | n/m |
| Net earnings attributable to Coherent Corp., non-GAAP | $351M | $192M | +82.7% |
| Diluted EPS, GAAP | $1.19 | $(0.83) | n/m |
| Diluted EPS, non-GAAP | $1.74 | $1.00 | +74% |
- Datacenter & Communications revenue was $1.62B vs $1.02B; Industrial revenue was $431M vs $511M. The company cited datacenter demand as driving revenue growth and margin expansion.
- FY2026 revenue was $7.12B vs $5.81B (+22.5%); net earnings attributable to Coherent Corp. were $805M vs $49.4M, and diluted EPS was $4.12 vs $(0.52). Non-GAAP diluted EPS was $5.61 vs $3.53.
- FY2026 operating cash flow was $79.5M vs $634M, while additions to property, plant and equipment were $1.10B. At 6/30/2026, cash and cash equivalents were $1.16B, short-term investments $825M, and long-term debt $3.21B.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Revenue | Q1 FY2027 | $2.2B-$2.4B | — | — |
| Gross margin, non-GAAP | Q1 FY2027 | 39.5%-41.5% | — | — |
| Operating expenses, non-GAAP | Q1 FY2027 | $400M-$420M | — | — |
| Tax rate, non-GAAP | Q1 FY2027 | 18%-20% | — | — |
| EPS, non-GAAP | Q1 FY2027 | $1.85-$2.05 | — | — |
Investor Takeaways
- Q1 FY2027 results vs the revenue and non-GAAP margin and EPS ranges will test whether demand and operating execution continue.
- Coherent said it is on track to double internal indium phosphide output by year-end and more than double it again by 2027; progress on this capacity expansion is a key indicator of its ability to serve demand.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3