Coherent Corp. (COHR) Stock Price, Fundamentals & Analysis

What COHR does

Coherent Corp. (COHR) develops, manufactures, and markets lasers, transceivers, and other optical and optoelectronic devices, modules, and systems worldwide. Its products include critical components such as detectors, passive optics, thermal solutions, and PICS; silicon photonics and other advanced optical technologies; and coherent transmission components, transport products, optical amplifiers, passive optical components, optical line systems, and multi-rail platforms. The company's Datacenter and Communications segment offers transceivers, co-packaged optics, and optical circuit switches, as well as subsystems, modules, and semiconductor devices for datacenter and communications applications, along with VCSELS, EELS, pump lasers, and other components, optics, and ICs for datacenter and communication applications. Its Industrial segment offers excimer lasers, solid-state lasers, and CO2 lasers; laser systems for various industrial applications, including semiconductor capital equipment, display manufacturing, precision manufacturing, and scientific research; and laser systems and subsystems comprising high-power lasers for materials processing.

Key numbers explained

• Coherent Corp. trades at 300.6 USD per share, with a marketCap of 58.87B USD, placing it among large-cap stocks in the S&P 500.
• The trailing P/E ratio of 72.8 compares the current share price to the last 12 months of earnings per share (4.13 USD), while the forward P/E ratio of 21.5 reflects expectations for future earnings.
• The dividend yield is 0%, meaning 0% of earnings is paid out as dividends; the company retains all earnings for reinvestment.
• Beta of 2.1 indicates the stock's price tends to move roughly twice as much as the overall market in either direction.
• Revenue over the trailing 12 months was 7.12 mld. USD, growing 33.7% year over year, with a profit margin of 11.3% and an operating margin of 11.8%.
• The debt-to-equity ratio of 31.6% shows the company uses modest leverage relative to shareholder equity.
• The 52-week price range of 102.14 – 440 and a one-year price change of 191.4% highlight significant recent volatility and appreciation.

Recent news

Recent headlines highlight Coherent Corp.'s role in the AI optics trade, with one piece noting that an under-the-radar stock with optical speed potential has doubled. Another article questions whether the AI optics trade is splitting apart, contrasting Lumentum's jump with Corning's muted move. Additional coverage frames the stock among AI pick-and-shovel plays and notes a partnership that could augment its photonics portfolio.

What to watch

Investors tracking COHR typically monitor demand for optical and photonic components in datacenters and industrial applications, as well as broader technology spending cycles. The stock's sensitivity to market swings, reflected in its beta of 2.1, means it can amplify both gains and losses relative to the market. Competitive dynamics among peers such as Accenture (ACN), KLA Corporation (KLAC), and Broadcom (AVGO) may also influence sentiment. Earnings reports, scheduled for 4 nov. 2026, often drive short-term price moves.