$COHR · COHERENT CORP.
Coherent filed its Q1 FY2026 10-Q (quarter ended September 30, 2026). Revenue grew 50% to $2.37B from $1.58B a year earlier, driven by Datacenter & Communications (+79% to $1.95B) while Industrial fell 15% to $418.6M on divestitures. Net earnings attributable to Coherent rose to $384.7M ($1.90 diluted EPS) from $226.3M ($1.19 diluted EPS). Gross margin improved to 39% from 37%.
- Revenue rose 50% to $2.37B from $1.58B in the prior-year quarter.
- Datacenter & Communications revenue jumped 79% to $1.95B on AI datacenter demand.
- Diluted EPS rose to $1.90 from $1.19 a year earlier.
- Gross margin improved to 39% from 37%.
- Industrial revenue fell 15% to $418.6M due to divestitures.
Extended-hours last trade $204.79, up 4.97% vs the $195.09 regular close, signaling a positive after-hours reaction to the strong results.
Coherent's 50% revenue growth and 79% datacenter surge confirm it is a direct beneficiary of AI infrastructure spending.
Coherent's AI datacenter-driven growth mirrors the broader optical/transceiver peer group benefiting from hyperscaler capex.
Concentration in AI datacenter demand leaves results exposed to any slowdown in hyperscaler spending; Industrial segment continues to shrink from divestitures.