Coherent Corp. (COHR) Stock Price & Analysis
Coherent Corp. (COHR) closed at USD 207.82 on Thursday, October 22, 2026, down 12.51% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 207.82; the Oct 22, 2026 session ranged USD 204.38–224.56 on volume of 12,490,822 shares. Market capitalization is —, with a 52-week range of USD 115–440 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:27 UTC.
Also available as compact Markdown for AI agents: nexqual.com/COHR.md
Key facts (COHR)
- Last four reported quarters (through Jun 30, 2026): revenue $7.12B, net income $805M (11.3% margin), free cash flow -$1.02B (SEC filings).
- Valuation: P/E 50.8x (avg 187.7x at the last 2 fiscal year-ends), net debt $1.24B.
- 4 of 80 tracked superinvestors hold COHR (13F, Q2 2026): 0 new, 0 added, 4 reduced, 0 unchanged.
- Total return with dividends: 1Y +71.0% vs S&P 500 +14.9%; 5Y +254.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 1.97, revenue estimate $2.30B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (COHR)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.32B | $5.16B | $4.71B | $5.81B | $7.12B | $7.12B |
| Gross profit | $1.27B | $1.62B | $1.46B | $2.04B | $2.67B | — |
| Operating income | $414M | -$37.1M | $96.1M | — | — | — |
| Net income | $235M | -$259M | -$156M | $49.4M | $805M | $805M |
| EPS (diluted) | $1.45 | -$2.93 | -$1.84 | -$0.52 | $4.12 | — |
| Free cash flow | $99.0M | $198M | $199M | $193M | -$1.02B | -$1.02B |
| Gross margin | 38.2% | 31.4% | 30.9% | 35.2% | 37.5% | — |
| Operating margin | 12.5% | -0.7% | 2.0% | — | — | — |
| Net margin | 7.1% | -5.0% | -3.3% | 0.8% | 11.3% | 11.3% |
| Revenue growth | +6.8% | +55.6% | -8.8% | +23.4% | +22.5% | — |
| Cash + short-term investments | $2.58B | $821M | $926M | $909M | $1.99B | — |
| Total debt | $2.30B | $4.31B | $4.10B | $3.69B | $3.22B | — |
Fiscal years end Jun. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (COHR)
P/E 50.8x · P/S 5.8x · EV/Sales 5.9x · P/B 3.8x · FCF yield -2.50% · Earnings yield 1.97% · Net debt $1.24B · EV $42.2B
P/E at fiscal year-ends: Jun 2026 95.7x, Jun 2025 279.7x.
Superinvestors (SEC 13F-HR, Q2 2026) (COHR)
4 of 80 tracked investors hold COHR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Van Den Berg Management I | 3.50% | $16.6M | Reduced -34.9% | |
| Dodge & Cox Funds | Dodge & Cox | 0.11% | $215M | Reduced -2.6% |
| Lee Ainslie | Maverick Capital | 0.01% | $914K | Reduced -66.3% |
| First Eagle Investment | First Eagle Investment Management | <0.01% | $1.3M | Reduced -29.8% |
Analysts (COHR)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Susquehanna | Target lowered | Positive | $425 → $350 |
| 2026-10-19 | TD Cowen | Target lowered | Buy | $395 → $275 |
| 2026-10-15 | B. Riley Securities | Target lowered | Neutral | $345 → $297 |
| 2026-10-13 | Rosenblatt | Maintained | Buy | $500 |
| 2026-09-30 | Bernstein | Initiated | Outperform | $350 |
| 2026-09-24 | Rosenblatt | Maintained | Buy | $500 |
| 2026-09-01 | Deutsche Bank | Initiated | Buy | $400 |
| 2026-08-13 | Jefferies | Target raised | Buy | $375 → $420 |
| 2026-08-13 | Morgan Stanley | Target raised | Equal-Weight | $330 → $375 |
| 2026-08-13 | B. Riley Securities | Target raised | Neutral | $309 → $345 |
| 2026-08-13 | Rosenblatt | Target raised | Buy | $425 → $500 |
| 2026-08-13 | Needham | Target raised | Buy | $380 → $420 |
Total return (dividends reinvested) (COHR)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +71.0% | +254.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +71.3% | +28.7% |
| Volatility (annualized) | 88.5% | 63.9% |
| Max drawdown | -51.3% (Jun 2026→Oct 2026) | -62.1% (Mar 2022→May 2023) |
Companies that name COHR in their SEC reports
| Relationship to COHR | Company | Filing | Sentence |
|---|---|---|---|
| competitor | Fabrinet (FN) | 10-K Aug 18, 2026 | “Our customized optics and glass operations face competition from companies such as CASTECH Inc., Excelitas Technologies Corp. and Photop Technologies, Inc. (a subsidiary of Coherent Corp.).” |
| partner | POET TECHNOLOGIES INC. (POET) | 20-F Mar 31, 2026 | “2023 and established "SiC LLC," a subsidiary of Coherent Corp., through strategic partnerships with Denso and Mitsubishi,” |
| competitor | MKS INC (MKSI) | 10-K Feb 24, 2026 | “Coherent Corp., Excelitas Technologies Corp., Jenoptik AG and Thorlabs, Inc. offer products that compete with our laser and photonics products.” |
COHR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.97 | $1.77 | +10.9% | $2.30B | 20 |
| Next quarter (ends Dec 2026) | $2.20 | $1.96 | +12.1% | $2.54B | 20 |
| Current fiscal year (ends Jun 2027) | $9.39 | $8.29 | +13.2% | $10.62B | 24 |
| Next fiscal year (ends Jun 2028) | $13.92 | $13.21 | +5.3% | $14.68B | 21 |
COHR options: expected move
Options price a move of about ±15.8% (±$32.35) by Nov 6, 2026, which includes earnings on Nov 4, 2026; the earnings reaction alone is priced at about ±6.3%.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 91.3% | ±12.0% |
| Nov 6, 2026 | 14 | 96.4% | ±15.8% |
| Nov 13, 2026 | 21 | 91.3% | ±18.1% |
| Nov 20, 2026 | 28 | 82.9% | ±18.9% |
| Nov 27, 2026 | 35 | 80.2% | ±20.3% |
| Dec 4, 2026 | 42 | 80.4% | ±22.4% |
| Dec 18, 2026 | 56 | 78.0% | ±24.7% |
| Jan 15, 2027 | 84 | 73.9% | ±29.4% |
30-day implied volatility 84.1% vs 93.9% realized over the last 30 trading days. Put/call ratio (volume) 2.05. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:27 UTC)
| Price | USD 207.82 |
|---|---|
| Change | ▼ 12.51% (down) |
| Previous Close | USD 207.82 |
| Open | USD 207.82 |
| Day Range | USD 204.38 – 224.56 |
| 52-Week Range | USD 115 – 440 |
| Volume | 12,490,822 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (COHR)
Nexqual's technical model rates COHR "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:27 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 30.81 (neutral) |
| vs SMA50 | Below (USD 290.26) |
| MACD | -20.15 (negative) |
Earnings (COHR)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 1.97 |
| Revenue Estimate | $2.30B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.74 vs est 1.62 ▲ beat |
| 2026-03-31 | USD 1.41 vs est 1.39 ▲ beat |
| 2025-12-31 | USD 1.29 vs est 1.21 ▲ beat |
| 2025-09-30 | USD 1.16 vs est 1.04 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Financials & Fundamentals (COHR)
| Total Revenue | $7.12B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +33.70% |
| Gross Margin | +37.50% |
| Operating Margin | +11.83% |
| Profit Margin | +11.31% |
| ROE | +7.98% |
| Debt / Equity | 0.32 |
| Current Ratio | 2.43 |
| Total Cash | $1.99B |
| Total Debt | $3.55B |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Ownership (COHR)
| Insider Ownership | +4.41% |
|---|---|
| Institutional Ownership | +88.09% |
| Shares Outstanding | 196.93M |
| Float | 195.06M |
| Short % of Float | +5.62% |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Leadership (COHR)
Coherent Corp. is led by James Robert Anderson, CEO, President & Employee Director, per Nexqual as of October 23, 2026 at 09:27 UTC.
| CEO, President & Employee Director | James Robert Anderson |
|---|---|
| CFO & Treasurer | Sherri R. Luther C.P.A. |
| Executive VP of Optical Components & CTO | Julie Sheridan Eng |
| Chief Strategy & Legal Affairs Officer and Corporate Secretary | Rob Beard |
| Senior Vice President of Investor Relations | Paul Jonas Silverstein |
Major Backers & Investors (COHR)
Notable institutional backers of Coherent Corp. include FMR, LLC, Nvidia Corp , Invesco, according to Nexqual as of October 23, 2026 at 09:27 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 5.59% |
| Nvidia Corp | 3.95% |
| Invesco | 3.77% |
| Capital International Investors | 1.83% |
| Morgan Stanley | 1.67% |
| Fidelity | 1.29% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.57% |
| BlackRock | 8.43% |
| State Street | 4.36% |
| Geode Capital | 2.68% |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| GRMN | Garmin Ltd. | USD 295.4 | ▲ 1.47% |
| KEYS | Keysight Technologies Inc. | USD 311.52 | ▼ 8.74% |
| TDY | Teledyne Technologies Incorpora | USD 620.47 | ▼ 1.53% |
| FTV | Fortive Corporation | USD 60.05 | ▲ 2.4% |
| MKSI | MKS Inc. | USD 196.11 | ▼ 9.25% |
| TRMB | Trimble Inc. | USD 64.01 | ▲ 2.27% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:27 UTC. This page is informational and not investment advice.
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