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.

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.

Earnings Preview: Coherent (COHR) Q1 Earnings Expected to Decline

PITTSBURGH, Oct. 24, 2023 (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 September 30, 2023, in a shareholder letter posted on Coherent's website at coherent.com/company/investor-relations after market close on Monday, November 6. Coherent's management will host a conference call to discuss these results on Tuesday, November 7, at 8:00 a.m. ET.

Coherent Announces Date of FY2024 First-Quarter Conference Call

Coherent: Temporary Economic Challenges With A Long-Term Growth Outlook

Coherent (formerly II-VI) has faced operational headwinds and a debt overhang, leading to a re-rated stock. Shares have doubled in a few weeks due to AI/ML hype over the past summer but have since dropped back to low-thirties. The outlook for fiscal year 2024 is soft, with double-digit revenue declines and no realistic earnings expected.

Coherent: Not Sending A Coherent Message

Lumentum Holdings

Coherent and Lumentum are both leading laser and optical chip makers. Coherent is larger and operates a growing silicon carbide business.

Better Stock Buy: Coherent vs. Lumentum

Coherent expanded through acquisitions over the past three decades. It expects to profit from the growth of the silicon carbide and AI markets.

5 Things About Coherent That Smart Investors Know

Two major players in Japanese industry are investing $1 billion into a key company business. The pair are manufacturers Mitsubishi Electric and Denso.

Why Investors Shoved Coherent Stock 5% Higher This Week

Coherent's stock has stayed nearly flat since its acquisition by II-VI last year. Sluggish sales of its legacy products are offsetting its stronger sales of AI communications chips and silicon carbide wafers.

Where Will Coherent Stock Be in 1 Year?

Two Japanese automakers will invest $1 billion in Coherent's silicon carbide business. Coherent will own 75% of the new subsidiary.

Why Coherent Stock Jumped on Tuesday

Mitsubishi Electric Corp

Coherent Corp shares jumped on Tuesday following the announcement of a substantial $1 billion investment into its silicon carbide business from two Japanese manufacturers. Denso Corporation and Mitsubishi Electric Corp will each contribute $500 million, the company said in a press release.

Coherent shares surge on $1B investment from Denso and Mitsubishi Electric

Unity Software

Stocks appeared set to open mixed on Tuesday morning. Coherent announced an investment from two Japanese companies in its silicon carbide business.

These 2 AI Stocks Are Getting a Nice Bump Higher Tuesday

Coherent , a major U.S. supplier of materials used to make chips for the automotive industry, said on Tuesday Japan's Denso and Mitsubishi Electric will invest $1 billion in the company's silicon carbide business.

Japan's Denso, Mitsubishi Electric to invest $1 bln in Coherent's silicon carbide unit

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has agreed with Coherent Corp. (NYSE: COHR) to invest USD 500 million (approx. 75 billion yen ) in a new silicon carbide (SiC) business to be carved out from Coherent, aiming to expand its SiC power device business by strengthening vertical collaboration with Coherent, who has been a supplier of SiC substrates to Mitsubishi Electric. The electric vehicle market is expanding worldwide and is one of seve.

Mitsubishi Electric to Invest in Coherent's New SiC Business

Coherent Corp.'s stock COHR, -0.67% jumped 3.2% premarket Tuesday, after the materials, networking and lasers company said it has concluded a review of its silicon carbide business and will receive $1 billion in investments from Denso Corp. 6902, +3.15% and Mitsubishi Electric Corp. 6503, +2.69%. The Japanese companies will invest $500 million each and receive a 12.5% non-controlling stake in Pittsburgh-based Coherent.

Coherent's stock jumps 3% premarket on news of $1 billion investment into its silicon carbide business

PITTSBURGH, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that DENSO CORPORATION and Mitsubishi Electric Corporation have agreed to invest an aggregate $1 billion in its silicon carbide business (the “Business”). The transaction results from the strategic review process announced in May 2023 for the Business.

Coherent's Silicon Carbide Semiconductor Business to Receive $1 Billion in Investments From Denso and Mitsubishi Electric

PITTSBURGH, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in industrial lasers, and Faraday 1867 Holdings LLC today announced that they signed a letter of intent (LOI) outlining their partnership, with the objective of scaling up manufacturing of high-temperature superconducting (HTS) tape to enable mass deployment of nuclear fusion reactors and support the green energy transition.

Coherent and Faraday 1867 Partner to Scale Manufacturing of Superconducting Tape to Enable Mass Deployment of Fusion Reactors

PITTSBURGH, Oct. 04, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced the appointment of two new directors to its Board: Elizabeth A. Patrick, most recently the Senior Vice President and Chief People Officer for Diebold Nixdorf; and Michelle Sterling, a human resources consultant and former Executive Vice President and Chief Human Resources Officer at Qualcomm, Inc. The appointments became effective September 19, 2023.

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