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, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in optical communications components and subsystems, today announced that its 200G four-level pulse amplitude modulation (PAM4) distributed-feedback laser and Mach-Zehnder modulator (DFB-MZ), combined monolithically in a photonic integrated circuit (PIC), has won the 2023 ECOC Exhibition Industry Award for Most Innovative Product in the category of Innovative Photonics Component.

Coherent Wins ECOC 2023 Award for Most Innovative Product With 200G PAM4 Mach-Zehnder Modulated Semiconductor Laser

The live demonstrations will include the following: OSFP 800G-FR4 DSP-based optical transceiver, highlighting 200G optical lanes OSFP 800G-DR8 linear pluggable optical (LPO) transceiver 200G PAM4 Mach-Zehnder modulated laser with differential driver from Semtech, highlighting advanced integrated InP laser technology PITTSBURGH, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in optical communications components and subsystems, today announced that it will demonstrate next-generation transceivers and laser technology for 800G and 1.6T datacom transmission at ECOC 2023 in Glasgow, Scotland, October 2-4, stand #406. Such advances are critical to sustaining the accelerating growth of the cloud driven by artificial intelligence and machine learning (AI/ML).

Coherent to Demonstrate Next-Generation Transceiver and Semiconductor Laser Technology for 800G and 1.6T Transmission in AI Networks at ECOC 2023

The live demonstrations will include the following: 800G coherent optical engine based on the 140 GBaud IC-TROSA from Coherent and the Orion DSP from Marvell 400ZR and 400G OpenZR+ QSFP-DD DCO transceiver as part of the OIF multi-vendor interoperability showcase 100G QSFP28 0 dBm DCO transceiver PITTSBURGH, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in optical communications components and subsystems, today announced that it will demonstrate next-generation transceiver technology for 100G, 400G, and 800G digital coherent optics (DCO) in ultracompact pluggable form factors for disaggregated systems at ECOC 2023 in Glasgow, Scotland, October 2-4, stand #406. Such advances are critical to sustaining the growth of optical communications networks driven by artificial intelligence and machine learning.

Coherent to Demonstrate Next-Generation Transceiver Technology for Digital Coherent Optics in Ultracompact Pluggable Form Factors for Disaggregated Systems at ECOC 2023

The 140 GBaud IC-TROSA from Coherent and the Orion coherent DSP from Marvell were successfully combined to transmit 800 Gbps The 140 GBaud IC-TROSA from Coherent and the Orion coherent DSP from Marvell were successfully combined to transmit 800 Gbps

Coherent Unveils Industry's First 140 GBaud Optical Subassembly to Enable 800g in Ultracompact Pluggable Form Factors for Optical Communications Networks

PITTSBURGH, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in optical communications transceivers, and Kinetic by Windstream, a leading provider of fiber-based connectivity, collaboration, and security services for businesses and homes across an 18-state footprint, today announced that their existing partnership to enable 400G services has been extended to enable 100G services at the edge of the network, leveraging the industry's first 100G QSFP28 0 dBm digital coherent optics (DCO) transceiver.

Coherent and Kinetic Extend Partnership to Enable 100G Services Leveraging the Industry's First 100G QSFP28 0 dBm DCO Transceiver

PITTSBURGH, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that its thought leaders will present at speaking events during ECOC 2023 in Glasgow, Scotland, Oct. 1-4.

Coherent Thought Leaders to Present at ECOC 2023

Coherent Corp shares are up Monday following reports that the semiconductor company has drawn investment interest from Japanese firms.  A quartet of Japanese conglomerates has discussed taking a minority stake in Coherent's silicon carbide business at a valuation of up to $5 billion, according to reports citing sources familiar with the matter.

EV chipmaker Coherent shares rise on possible $5B Japanese investment

No less than four large Japanese companies are eager to invest in one of the company's key businesses, according to a media report. The report helped the stock zoom higher on Friday.

Why Coherent Stock Blasted 8% Higher on Friday

PITTSBURGH, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in pump laser technology for erbium-doped fiber amplifiers (EDFAs) deployed in optical networks, today announced the industry's first pump laser module with 1200 mW of output power in a 10-pin butterfly package.

Coherent Introduces Industry's First 1200 mW Pump Laser Module for Optical Amplification in DWDM Networks

PITTSBURGH, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leading provider of test and measurement instruments for optical communications, today announced the introduction of its first instrument from the WaveMaker instrument series operating in the C-band and two new instruments from the WaveShaper instrument series operating in the Super L-band.

Coherent Introduces Wavemaker and Waveshaper Instruments to Lower the Cost of Testing Next-Generation Technology for Optical Networks

PITTSBURGH, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today that the company will hold a Communications Market Overview webcast for investors, equity analysts, and the public on Tuesday, September 19, 2023, at 10:30 a.m. ET. The webcast will address both Coherent's data communications and telecommunications business units and will include discussion of the opportunity presented by AI and how Coherent is positioned to address this exciting and rapidly emerging new market opportunity. Presenting executives include:

Coherent Announces Date of Its Communications Market Overview Webcast

PITTSBURGH, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that Dr. Mark Sobey, President, Lasers Segment, will retire from the company effective today, September 1, 2023.

Coherent Announces the Retirement of Dr. Mark Sobey, President, Lasers Segment

Coherent beat expectations with its fiscal fourth-quarter results despite continued macroeconomic uncertainty. But those macro headwinds are also limiting near-term growth and visibility, causing the company to issue conservative guidance for the coming year.

Why Coherent Stock Fell 24% This Week

II-VI Incorporated

Coherent Corp. (NYSE:IIVI ) Q4 2023 Results Conference Call August 16, 2023 9:00 AM ET Company Participants Paul Silverstein - VP, IR Dr. Chuck Mattera - Chairman and CEO Mary Jane Raymond - CFO Dr. Giovanni Barbarossa - Chief Strategy Officer and President, Materials Segment Dr. Mark Sobey - Laser Segment, President Conference Call Participants Samik Chatterjee - JPMorgan Simon Leopold - Raymond James Meta Marshall - Morgan Stanley Vivek Arya - Bank of America Tom O'Malley - Barclays Jed Dorsheimer - William Blair Christopher Rolland - Susquehanna Ananda Baruah - Loop Capital Ruben Roy - Stifel Dave Kang - B. Riley Jim Ricchiuti - Needham & Company Tim Savageaux - Northland Capital Markets Mike Genovese - Rosenblatt Securities Operator Good day and thank you for standing by.

Coherent Corp. (IIVI) Q4 2023 Earnings Call Transcript

Coherent's Q4 results actually beat expectations. But the company's forward guidance came in much weaker than the market had anticipated.

Why Coherent Stock Is Crashing Today

Coherent expects to report fiscal first-quarter earnings of 5 cents a share to 20 cents a share on revenue between $1 billion and $1.1 billion.

Coherent Stock Dives on Outlook Miss. Analyst Still Sees 'Bright Spot' Ahead.

Coherent Corp (NASDAQ:COHR) stock traded 20% lower ahead of Wednesday's open after giving investors weaker-than-expected guidance for the upcoming financial year. The optical and semiconductor tech company warned the market, in quarterly results last night, that it is not expecting to see a “meaningful rebound” from the macroeconomic challenges that have impacted its business in the past year.

Coherent Corp stock drops as outlook disappoints investors

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Shares of Coherent Corp. tumbled 17% in after-hours trading Tuesday after the optoelectronics company issued a weaker-than-expected outlook for the quarter and year ahead.

Coherent issues a grim earnings outlook, and its stock is tanking

PITTSBURGH, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today the financial results for its fourth quarter and full fiscal year 2023. These have been posted as a letter to shareholders to the investor relations section of its website.

Coherent Corp. Releases Fourth Quarter and Full Fiscal Year 2023 Financial Results

PITTSBURGH, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in ceramics and metal matrix composites, today announced that it has developed an additive manufacturing process capable of producing advanced ceramic components for high-performance thermal management applications, including for next-generation semiconductor capital equipment.

Coherent Unveils Additive Manufacturing Technology to Produce Advanced Ceramic Components for High-Performance Thermal Management Applications

PITTSBURGH, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in optical sensing, today announced that it has shipped more than 200 billion vertical-cavity surface-emitting semiconductor laser (VCSEL) emitters to date for sensing.

Coherent Achieves Milestone of Shipping More Than 200 Billion VCSEL Emitters for Sensing

PITTSBURGH, July 27, 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 and fiscal year ended June 30, 2023, in a press release posted on Coherent's website at coherent.com/company/investor-relations after market close on August 15. Coherent's management will host a conference call to discuss these results on August 16 at 9:00 a.m. ET.

Coherent Announces Date of FY 2023 Fourth-Quarter and Fiscal Year-End Conference Call

AppLovin Corp

Investors looking for stocks in the Technology Services sector might want to consider either Coherent (COHR) or AppLovin (APP). But which of these two companies is the best option for those looking for undervalued stocks?

COHR or APP: Which Is the Better Value Stock Right Now?

PITTSBURGH, July 18, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that Dr. Christopher Dorman has been named Executive Vice President, Lasers Business. In this position, he is responsible for the Lasers Segment across the markets of precision manufacturing, semiconductor & display capital equipment, life sciences, and scientific instruments, driving operational excellence and customer focus.

News for Coherent Corp Stock (COHR)