Coherent Corp. (COHR) Earnings Call Transcripts

Coherent Corp.'s Latest Earnings Call - Q4 FY2026

In the fourth quarter of fiscal 2026, Coherent Corp. reported record revenue of $2.05 billion, up 34% year-over-year, and non-GAAP EPS of $1.74, reflecting a 74% increase from the previous year. For the full fiscal year, revenue reached $7.12 billion, marking a 28% increase on a pro forma basis. Management provided strong guidance for fiscal 2027, projecting revenue between $2.2 billion and $2.4 billion for Q1 and signaling a potential for quarterly revenue to exceed $3 billion by the end of fiscal 2027, driven by robust demand in the data center and communications segments.

Reported metrics

Guidance from management

Management expects Q1 FY 2027 revenue between $2.2 billion and $2.4 billion, with non-GAAP gross margin between 39.5% and 41.5%. They indicated strong momentum and visibility into customer demand moving forward.

What management said

Yes. I'll pass that one off to Sherri to comment on gross margin. But the quick version is that we've made, I think, great progress over the past quarters, and we're certainly super focused on continuing to make progress moving forward. But Sherri, do you want to add color to that?

Yes. I think that's a great tool in our chest, right, it is in our tool chest is the 200-gig VCSEL. We continue to make good progress on that. I do think that the 200 gig VCSEL will see adoption in integrated optics applications in -- like MPO type of applications. And so we are actively working with customers on VCSEL-related MPO or integrated optics application. So that's certainly an important tool. And yes, we th...

What analysts pressed on

Analysts expressed concerns regarding potential import restrictions for optical transceivers and their impact on Coherent's operations. There were also questions about the timeline for CPO revenue recognition and the competitive landscape in the optical market.

Main topics on the call

• Record Revenue and EPS Growth — Coherent achieved a record revenue of $2.05 billion in Q4 2026, a 34% increase year-over-year. Non-GAAP EPS reached $1.74, up 74% from the previous year, indicating strong operational leverage and profitability.
• Strong Demand in Data Center & Communications — The Datacenter & Communications segment accounted for 79% of total revenue in Q4, with a 59% year-over-year growth. Management noted, 'Demand continues to strengthen, driving another quarter of record bookings.'
• Capacity Expansion and Production Ramp — Coherent is on track to double its internal indium phosphide output year-over-year by the end of the current quarter. This ramp is expected to significantly contribute to revenue growth, with management stating, 'We're o...
• Guidance for Fiscal 2027 — Management expects Q1 revenue to be between $2.2 billion and $2.4 billion, with non-GAAP gross margin projected between 39.5% and 41.5%. They also indicated a strong outlook for the year, stating, 'We expect fiscal '27 t...

Read the full Coherent Corp. transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 51 Coherent Corp. earnings call transcripts on record, spanning January 7, 2020 to August 12, 2026. Based on this history, Coherent Corp. reports quarterly. The most recent call on file is dated August 12, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

COHR

Exchange

NYSE

Country

US

Sector

Information Technology

Industry

Electronic Equipment, Instruments and Components

Calls on record

51

First call

January 7, 2020

Most recent

August 12, 2026

Reporting cadence

quarterly