Coherent Corp. (COHR) Earnings Call Transcripts

Coherent Corp.'s Latest Earnings Call - Q3 FY2026

In the third quarter of fiscal year 2026, Coherent Corp. reported a record revenue of $1.8 billion, up 21% year-over-year, driven by strong demand in AI data centers and communications. Non-GAAP EPS increased 55% year-over-year to $1.41, reflecting significant margin expansion. Management provided an optimistic outlook, guiding for fourth-quarter revenue between $1.91 billion and $2.05 billion, indicating continued strong growth momentum into fiscal 2027, which is expected to exceed fiscal 2026 growth rates.

Reported metrics

Guidance from management

Management expects fourth-quarter revenue between $1.91 billion and $2.05 billion, with non-GAAP gross margin projected between 39% and 41%. They anticipate fiscal 2027 growth to exceed fiscal 2026 growth rates.

What management said

Yes, there were some internal components or some components that we make internal to Coherent that we're pacing our production capacity expansion. And so we were able to sort of dramatically improve the amount of internal components that we were producing. And so that really unlocked an acceleration in our production capacity. And so the last month or 2, we've seen a really good ramp-up in our pace of production an...

Yes. Remember that there is a latency from the indium phosphide devices to when we actually ship transceivers, right? So when the indium phosphide devices, whether that's an EML or CW laser come out of the production facility, it's really probably the next quarter, 2 to 3 months later before we see the transceivers then shipped based on those devices, right? And as an example, those transceivers that shipped in our...

What analysts pressed on

Analysts expressed concerns regarding the pace of revenue growth relative to the ramp-up of indium phosphide capacity, questioning the lag between production and shipment. There were also inquiries about the competitive landscape in new growth areas like CPO and OCS.

Main topics on the call

• Record Backlog and Demand — Coherent's backlog has reached a record level, with orders extending into calendar 2028, indicating strong customer demand. CEO Jim Anderson stated, "Customer demand remains exceptionally strong with no signs of attenuat...
• Indium Phosphide Capacity Expansion — Management expects to double indium phosphide capacity by the end of the current quarter, one quarter ahead of schedule, which is crucial for meeting demand. Anderson noted, "We expect to more than double our internal in...
• Strong Revenue Growth in Data Center Segment — The Datacenter & Communications segment accounted for 75% of total revenue, with growth accelerating to over 40% year-over-year. Anderson highlighted, "We expect data center growth to further accelerate in the current qu...
• Gross Margin Expansion — Non-GAAP gross margin improved to 39.6%, up 105 basis points year-over-year, driven by cost reductions and yield improvements from 6-inch indium phosphide production. CFO Sherri Luther remarked, "We generated sequential ...

Read the full Coherent Corp. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 50 Coherent Corp. earnings call transcripts on record, spanning January 7, 2020 to May 6, 2026. Based on this history, Coherent Corp. reports quarterly. The most recent call on file is dated May 6, 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

50

First call

January 7, 2020

Most recent

May 6, 2026

Reporting cadence

quarterly