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 March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Coherent (COHR) Reports Q3 Earnings: What Key Metrics Have to Say

Coherent (COHR) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.58 per share a year ago.

Coherent (COHR) Q3 Earnings and Revenues Beat Estimates

PITTSBURGH, May 06, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today the financial results for its third quarter of fiscal year 2024. These results have been posted as a letter to shareholders on the Investor Relations section of its website at coherent.com/company/investor-relations.

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

Beyond analysts' top -and-bottom-line estimates for Coherent (COHR), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.

Wall Street's Insights Into Key Metrics Ahead of Coherent (COHR) Q3 Earnings

PITTSBURGH, April 23, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in materials, networking, and lasers, today announced a $500,000 sponsorship of two educational initiatives targeted to increase diversity, equity, and inclusion (DEI) in entrepreneurship, innovation, and advanced technology: the HBCU/MI Entrepreneurship & Innovation initiative by Leadership Needed Foundation and the Optica Foundation Amplify Scholarship for Black scientists.

Coherent Announces Support of DEI-Related Educational Initiatives Through HBCU/MIS and the Optica Foundation

Company Sets a 2040 Net-Zero Goal, Increases Its Renewable Electricity Use to 70%, and Joins the Responsible Business Alliance Company Sets a 2040 Net-Zero Goal, Increases Its Renewable Electricity Use to 70%, and Joins the Responsible Business Alliance

Earth Day 2024: Coherent Corp. Announces Milestones in its Sustainability Journey

PITTSBURGH, April 18, 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 March 31, 2024, in a shareholder letter posted on Coherent's website at coherent.com/company/investor-relations after market close on Monday, May 6. Coherent's management will host a conference call to discuss these results on Tuesday, May 7, at 8:00 a.m. ET.

Coherent Announces Date of FY2024 Third-Quarter Conference Call

Coherent secured $15 million in funding from the CHIPS Act to accelerate commercialization of next-generation wide- and ultrawide-bandgap semiconductors.

Coherent Secures $15 Million in CHIPS Act Funding Through the CLAWS Hub to Accelerate Commercialization of Wide- and Ultrawide-Bandgap Semiconductors

Coherent announced it will provide on loan a demonstration mirror developed for the James Webb Space Telescope to the Space Foundation Discovery Center.

Coherent Loans James Webb Space Telescope Demonstration Mirror to Space Foundation Discovery Center

Coherent is experiencing strong demand and interest for their 800g transceiver technology due to AI/ML application adoption. Despite traditional networking equipment's headwinds, higher gig rate equipment will drive growth in e2H24-2025. Management expects significant growth in datacom, with 800g transceiver sales projected to reach $450 million in e2H24, up from $150mm in 1H24.

Coherent Is Priced To Perfection But Still Has Upside Potential

PITTSBURGH, March 25, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in optical communications components and subsystems, announced today that it will showcase its new products and technologies for next-generation optical communications networks at OFC 2024, March 26-28 at the San Diego Convention Center, Booth #3412. Coherent thought leaders will present at panels, technical sessions, and other OFC events.

Coherent to Present a Broad Portfolio of New Products and Technology Innovations at OFC 2024

Juniper Networks

SUNNYVALE, Calif.--(BUSINESS WIRE)--Juniper Networks®, (NYSE: JNPR), a leader in secure, AI-Native Networking, is collaborating with Coherent Corp. (NYSE: COHR), a leader in compound semiconductors and high-speed optical networking technology, and Marvell Technology Inc., a leader in data infrastructure semiconductor solutions, to present the first public demonstration of their 800ZR solution featuring Juniper Networks PTX10002-36QDD Packet Transport Router, Coherent Corporation's 800ZR transce.

Coherent Corp., Juniper Networks and Marvell Deliver Public Demonstration of Industry-First Comprehensive 800ZR System at OFC'24

Coherent expands capacity in its U.S. and European fabs and significantly reduces die cost for InP optoelectronic devices including lasers, detectors, and electronics Coherent expands capacity in its U.S. and European fabs and significantly reduces die cost for InP optoelectronic devices including lasers, detectors, and electronics

Coherent Announces the World's First 6-Inch Indium Phosphide Scalable Wafer Fabs Paving the Way for the Next Generation of Lasers for AI Transceivers and 6G Wireless Networks

Live Demonstration at OFC 2024 Based on Ultrareliable DLX™ Technology Live Demonstration at OFC 2024 Based on Ultrareliable DLX™ Technology

Coherent Announces Optical Circuit Switch for Data Centers

PITTSBURGH, March 25, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that it has made a significant breakthrough in improving the bandwidth of its vertical-cavity surface-emitting laser (VCSEL), paving the way for use in next-generation optical interconnects that will operate at 200 Gbps per lane and thereby enabling optical transceivers with 1.6 Tbps capacity. This improvement comes in the form of lithographic-aperture VCSELs, marking a significant departure from the oxide-aperture VCSELs that are the state-of-the-art VCSELs used in AI networks today.

Coherent Reports Significant Advancement in VCSEL Performance for Next-Gen AI Networks

PITTSBURGH, March 22, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leading provider of high-performance optical networking solutions, announced today new high-power, uncooled pump laser modules built on the latest G10 series laser diode technology. The new modules are developed for high-reliability submarine applications and both single- and dual-chip terrestrial applications.

Coherent Announces High-Power Uncooled G10 Pump Laser Modules for Submarine and Terrestrial Applications

PITTSBURGH, March 22, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in optical communications technology and components, announced today the introduction of a bi-di circulator adaptor. This adaptor enables bi-directional transmission over a single fiber between two transceivers. By enabling bi-directional transmission, the fiber count is reduced by a factor of two, which allows significant cost and space savings.

Coherent Introduces a New Circulator Adaptor Enabling Bi-Directional Fiber Connectivity For AI/ML Applications

PITTSBURGH, March 21, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in materials, networking, and lasers, announced today that it will be demonstrating its 800 Gbps coherent transceiver module in QSFP-DD form factor at OFC 2024 in San Diego, March 26-28. The module will be demonstrated in 800G ZR mode transmitting over 9000 ps/nm of dispersion, equivalent to approximately 450 km of fiber.

Coherent Debuts 800 Gbps QSFP Form Factor Transceiver Module for IP-over-DWDM Applications

PITTSBURGH, March 20, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leading provider of high-performance optical networking solutions, today introduced its versatile I-temp 100G ZR QSFP28 digital coherent optics (DCO) transceiver.

Coherent Introduces Industry-First I-temp 100G ZR QSFP28-DCO Module for Expanded Application in Edge and Access Networks

PITTSBURGH, March 19, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in high-power diode lasers for aesthetic and dermatological applications, today introduced a game-changing diode laser bar for the hair removal industry. This innovative 808 nm bar employs a two-junction configuration to deliver 200 W of output with just 100 A of input current, thus doubling the efficiency of previous single-junction bars.

Coherent Unveils New Diode Laser Bar for Improved Outcomes in Hair Removal

PITTSBURGH, March 19, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in optical networking, announced today the introduction of two new optical test instrumentation products:

Coherent Introduces Wavemaker® and Waveshaper® Optical Solutions for Multi-Wavelength Transmissions

PITTSBURGH, March 18, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a pioneer in photonic solutions, is proud to announce its participation at the upcoming Optica Executive Forum at OFC 2024, being held at the Hilton San Diego Bayfront on March 25 in conjunction with the OFC conference.

Coherent Executives to Speak at the Optica Executive Forum During OFC 2024

PITTSBURGH, March 18, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in optical materials, components, and subsystems, today announced its comprehensive microlens array (MLA) solution for beam collimation and coupling. This versatile platform addresses the growing need for high-performance beam shaping in demanding applications such as high-speed communication transceivers, both pluggable form factors and future CPO (co-packaged optics) solutions, optical circuit switches (OCSs), and LiDAR systems.

Coherent Announces Comprehensive Microlens Array (MLA) Solution

PITTSBURGH, March 15, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in optical communications components and subsystems, has introduced a groundbreaking family of advanced, aberration-correcting, high-efficiency grisms and transmission gratings capable of encompassing the entire extended C+L band in a single optic. These enable construction of more cost-effective, efficient, and compact network components that support more communication channels, such as wavelength selective switches (WSS) and optical channel monitors.

Coherent Debuts Extended C+L-Band Grisms With Unmatched Efficiency and Performance

PITTSBURGH, March 14, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that three of its products received awards in the 2024 Lightwave Innovation Reviews.

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