Coherent Corp
ConvictionModerate
Vertically-integrated hardware: designs and manufactures lasers, optical components, transceivers, and engineered materials; sells primarily B2B to hyperscalers, networking OEMs, and industrial/instrumentation customers. Owns the upstream compound-semiconductor (InP/GaAs) crystal growth and wafer fab, differentiating from module assemblers.
Revenuefact
$1.81BFACT, Q3 FY26 ended Mar 31 2026); $5.81B FY25Rev growth
+21% YoY GAAP+27% pro forma (FACT, Q3 FY26Gross margin
37.7% GAAP / 39.6% non-GAAPFACT, Q3 FY26Op margin
~20.3% non-GAAPFACT, Q3 FY26); GAAP materially lower on amortization/restructuring (ESTCapex intensity
~16% of revenueFACT, Q3 FY26: $290M capex / $1.81B rev), rising sequentially in Q4Market cap
~$77BFACT, ~$410/sh, Jun 25 2026Price · 1-year trend
real · weekly$407+367% 1yUSD
52-week range
$87 – $407
52w lowas of 2026-06-25 · Yahoo Finance52w high
Across the boards
The thesis on this name
opportunityModerate
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position · longWeak
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The read
Where our coverage leans
Coverage leans bullish
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- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence