Coherent Corp

Coherent Corp. engages in the development, refinement, manufacturing, and marketing of engineered materials and opto-electronic components and devices for precision in the field of industrial materials processing, optical communications, aerospace and defense, consumer electronics, semiconductor capital equipment, life sciences, and automotive applications and markets. It operates through the following segments: Photonic Solutions and Compound Semiconductors. The Photonic Solutions segment manufactures crystal materials, optics, microchip lasers and optoelectronic modules for use in optical communication networks and other diverse consumer and commercial applications, pump lasers, optical isolators, and optical amplifiers and micro-optics for optical amplifiers, for both terrestrial and submarine applications within the optical communications market. The Compound Semiconductors segment designs, manufactures and markets optical and electro-optical components and materials, infrared optical components and high-precision optical assemblies for aerospace and defense, medical and commercial laser imaging applications, semiconductor lasers and detectors for optical interconnects and sensing applications, unique engineered materials for thermoelectric and silicon carbide applications servicing the semiconductor, aerospace and defense and medical markets. The company was founded Carl J. Johnson in 1971 and is headquartered in Saxonburg, PA.

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Coherent Corp. reports Q3 revenue challenges, accelerates cost-saving measures

Coherent Corp. faced revenue challenges in Q3 but is taking proactive measures to reduce costs and improve efficiency. The company is reviewing strategic options for its silicon carbide business and expects an inflection point in demand in the coming quarters. Despite market constraints, opportunities exist for improving inventory levels and capitalizing on datacom demand.

Coherent Corp. exceeds Q4 revenue, eyes market leadership in AI

Coherent's Q4 performance exceeded expectations, with a focus on market leadership in AI transceivers and 800G opportunity. However, macro uncertainty and revenue decline pose challenges for FY '24, while significant growth opportunities exist in the 800G Datacom transceivers and silicon carbide business.

Coherent Corp reports Q3 revenue growth, accelerates restructuring for savings

Coherent Corp's Q3 performance showed revenue growth and debt reduction. The company is addressing challenges through restructuring and cost-saving measures. Opportunities lie in restructuring savings, strategic partnerships, and product pricing strategies.

Coherent Corp surpasses Q4 revenue targets, eyes AI opportunities

Coherent Corp's Q4 performance exceeded expectations, driven by strategic investments and acquisitions. Despite challenges from macroeconomic uncertainty, the company is optimistic about the future, focusing on managing costs and aligning with market realities. Opportunities in AI-related segments and silicon carbide business growth are key focus areas for Coherent.

Coherent Corp surpasses Q1 expectations, focuses on diversification and margin improvement

Coherent Corp's Q1 performance exceeded expectations with strong revenue and EPS figures. The company is focused on diversification, margin improvement, and capitalizing on market opportunities. Challenges include inventory issues in some markets and softer demand in back-end semi and precision manufacturing.

Coherent Corp exceeds Q2 revenue expectations, eyes AI market growth

Coherent Corp's Q2 2024 earnings call highlighted strong financial performance, strategic investments, and a positive outlook on growth prospects. The company is focused on operational efficiency, global integration, and capitalizing on emerging market trends to drive future success.

Coherent Corp reports robust Q4 earnings, eyes growth in datacom

Coherent Corp's Q4 performance reflects strong revenue growth and margin improvements, driven by datacom transceivers for AI deployments. The company's strategic focus on innovation, market positioning, and shareholder value creation sets a positive trajectory for future growth. Challenges in optimizing margins and navigating market trends exist, but opportunities in operational efficiency and market expansion are key focus areas for fiscal 2025.

Coherent Corp reports robust Q1 earnings driven by datacom growth

Coherent Corp's Q1 2025 performance reflects a strategic focus on driving revenue growth, enhancing profitability, and optimizing operational efficiency. The company faces challenges in industrial markets but has opportunities to leverage its strengths in datacom and telecom segments for future growth.

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Coherent Corp. engages in the development, refinement, manufacturing, and marketing of engineered materials, opto-electronic components and devices, and lasers for use in the industrial, communications, electronics, and instrumentation markets. It operates through the following segments: Networking, Materials, and Lasers. The Networking segment leverages compound semiconductor technology platforms and deep knowledge of end-user applications. The Materials segment markets engineered materials and optoelectronic devices. The Lasers segment serves industrial customers in semiconductor capital equipment, display capital equipment, precision manufacturing, and aerospace and defense, as well as instrumentation customers in life sciences and scientific research. The company was founded by Carl J. Johnson in 1971 and is headquartered in Saxonburg, PA.

Although the revenue and EPS for Coherent (COHR) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Coherent (COHR) Reports Q2 Earnings: What Key Metrics Have to Say

PITTSBURGH, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today the financial results for its second quarter of fiscal year 2024. These results have been posted as a letter to shareholders on the Investor Relations section of its website.

Coherent Corp. Releases Second-Quarter Fiscal Year 2024 Financial Results

Coherent will showcase its full suite of medical device manufacturing systems at MDM West, at the Anaheim Convention Center in California, Feb. 6-8. Coherent will showcase its full suite of medical device manufacturing systems at MDM West, at the Anaheim Convention Center in California, Feb. 6-8.

Coherent Introduces ExactWeld 410 Laser Welding System for Medical Device Manufacturing

PITTSBURGH, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in engineered materials, has been selected for multimillion-dollar funding under the Department of Energy (DOE) Fiscal Year 2023 Vehicle Technologies Office (VTO) Program Wide Funding Opportunity Announcement (FOA-0002893). This funding will accelerate the development of Coherent's patented chemical immobilization technology for lithium sulfur (Li-S) battery cells to meet next-generation electric vehicle (EV) requirements.

Coherent Selected for Funding by the Department of Energy for Its Li-S Battery Technology for Next-Generation Electric Vehicles

PITTSBURGH, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that it will exhibit industry-leading products and capabilities at SPIE Photonics West, Jan. 30-Feb. 1 at the Moscone Center in San Francisco, Booth #4805 (Hall F), and at BiOS Expo Jan. 27-28, part of Photonics West, in Booth #8630 (Hall D). Coherent will showcase its broad portfolio of products and technology innovations that are enabling a wide range of applications in industrial, communications, electronics, and instrumentation markets. Coherent thought leaders will present at industry events, workshops, and technical sessions.

Coherent to Showcase a Broad Portfolio of Product and Technology Innovations at Photonics West and Bios Expo 2024

From a technical perspective, Coherent (COHR) is looking like an interesting pick, as it just reached a key level of support. COHR recently overtook the 50-day moving average, and this suggests a short-term bullish trend.

Coherent (COHR) Crossed Above the 50-Day Moving Average: What That Means for Investors

PITTSBURGH, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in diffractive optics, today announced the introduction of a family of mid-wavelength infrared (MWIR) and long-wavelength infrared (LWIR) wire-grid polarizers (WGPs) with industry-breakthrough performance for laser-based atmospheric remote sensing applications.

Coherent Introduces Infrared Wire-Grid Polarizers With Industry-Breakthrough Performance for Atmospheric Remote Sensing

PITTSBURGH, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in industrial lasers for materials processing, today announced the introduction of its new HyperRapid NXT industrial picosecond laser operating at 532 nm with 100 W average power that enables ultraprecision manufacturing of thin-film solar cells.

Coherent Introduces 532 nm HyperRapid NXT Picosecond Laser for Ultraprecision Manufacturing of Thin-Film Solar Cells

PITTSBURGH, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leading provider of test and measurement instruments for optical communications, today announced the introduction of new members of the WaveShaper family, extending the performance and the wavelength range of these instruments.

Coherent Introduces New WaveShaper Instruments for the U- and Super C-Bands

PITTSBURGH, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that the company will release its financial results for the quarter ended December 31, 2023, in a shareholder letter posted on Coherent's website at coherent.com/company/investor-relations after market close on Monday, February 5. Coherent's management will host a conference call to discuss these results on Tuesday, February 6, at 8:00 a.m. ET.

Coherent Announces Date Of FY2024 Second-Quarter Conference Call

PITTSBURGH, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in lasers and thermoelectrics for life sciences and scientific research, today announced the introduction of the OBIS 640 XT, a diode-pumped solid-state (DPSS) laser module with up to 1000 mW output at 640 nm for super-resolution microscopy (SRM).

Coherent Introduces 1000 mW Red Laser Modules for Super-Resolution Microscopy

Coherent (COHR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in Coherent (COHR): Can Its 8.2% Jump Turn into More Strength?

PITTSBURGH, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in semiconductor lasers for depth sensors, today announced the introduction of an illumination module platform for short- and mid-range light detection and ranging (LiDAR) in automotive safety and robotic vision in industrial applications.

Coherent Introduces VCSEL-Based Illumination Module Platform for Short- and Mid-Range Automotive and Industrial LiDAR

PITTSBURGH, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in optical sensing for consumer electronics, today announced the introduction of dot projector modules for depth sensing in consumer electronics, robotics, and autonomous vehicles.

Coherent Introduces Dot Projector Modules for Depth Sensing in Consumer Electronics, Robotics, and Autonomous Vehicles

Coherent (COHR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Coherent (COHR) Beat Estimates Again in Its Next Earnings Report?

PITTSBURGH, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in materials, networking, and lasers, today published its Environmental, Social, and Governance (ESG) Report 2023 and announced that it has set a net-zero Scope 1 and Scope 2 greenhouse gas (GHG) emissions target of FY2040. The ESG Report 2023 is available on the Coherent website at this link.

Coherent Issues Its ESG Report 2023 and Sets a Net Zero Greenhouse Gas Emissions Target of FY2040

PITTSBURGH, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in high-speed optical networking technology, today announced the introduction of its 800G ZR/ZR+ transceiver in ultracompact QSFP-DD and OSFP form factors for optical communications networks. Artificial intelligence and machine learning (AI/ML) applications are accelerating the exponential growth of datacenter traffic in cloud networks, driving the demand for efficient bandwidth upgrades in datacenter interconnects and optical transport networks.

Coherent Unveils Industry's First 800G ZR/ZR+ Transceiver in Ultracompact QSFP-DD Pluggable Form Factor for Optical Communications Networks

PITTSBURGH, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that it has closed the $1 billion aggregate investment by DENSO CORPORATION and Mitsubishi Electric Corporation in Coherent's silicon carbide semiconductor business (the “Business”).

Coherent's Silicon Carbide Semiconductor Business Completes $1 Billion in Investments From DENSO and Mitsubishi Electric

PITTSBURGH, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that the company will hold an Industrial Market Overview webcast for investors, equity analysts, and the public on Thursday, December 14, 2023, at 10:00 a.m. ET.

Coherent Announces Date of Its Industrial Market Overview Webcast

Coherent, through Finisar, has been the leading manufacturer of optical network transceivers for the past 22 years used in AI-related datacom applications. Coherent has a leading position in Silicon Carbide wafer production used to make advanced chips for the EV automobile market. Coherent's position in AI-related Datacom 200+G transceivers and silicon carbide are two of the strongest growing sectors in the marketplace, overcoming exposure to cyclical markets.

Coherent: Strong SiC Growth In Robust Global EV Sector Despite U.S. Slump

Coherent Corp. (NYSE:COHR ) Q1 2024 Earnings Conference Call November 7, 2023 8:00 AM ET Company Participants Paul Silverstein - Vice President, Investor Relations Chuck Mattera - Chairman and Chief Executive Officer Giovanni Barbarossa - Chief Strategy Officer and President, Materials Segment Rich Martucci - Interim Chief Financial Officer Beck Mason - Executive Vice President, Telecommunications Business Sanjai Parthasarathi - Chief Marketing Officer Sohail Khan - Executive Vice President, Wide-Bandgap Technologies Silicon Carbide business Chris Dorman - Executive Vice President, Lasers Magnus Bengtsson - Chief Commercial Officer Conference Call Participants Samik Chatterjee - JPMorgan Ruben Roy - Stifel Meta Marshall - Morgan Stanley Simon Leopold - Raymond James Jed Dorsheimer - William Blair Richard Shannon - Craig-Hallum Sidney Ho - Deutsche Bank Blake Freeman - Bank of America Christopher Rolland - Susquehanna Tom O'Malley - Barclays Mark Miller - The Benchmark Company Ananda Baruah - Loop Capital Dave Kang - B. Riley Tim Savageaux - Northland Capital Markets Jim Ricchiuti - Needham & Company Operator Good day and thank you for standing by.

Coherent Corp. (COHR) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Coherent (COHR) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Coherent (COHR) Q1 Earnings: A Look at Key Metrics

PITTSBURGH, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today the financial results for its first quarter fiscal year 2024. These have been posted as a letter to shareholders to the investor relations section of its website.

Coherent Corp. Releases First Quarter Fiscal Year 2024 Financial Results

PITTSBURGH, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in lasers for life sciences, today announced that its Axon laser has won the 2023 Business Innovation Award from the Institute of Physics (IOP). The award was presented in a ceremony held Oct. 30.

Coherent Wins 2023 Business Innovation Award For Its Axon Laser From The IOP

Coherent (COHR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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