By Reuters | Updated: August 13, 2026
Aug 12 (Reuters) – Coherent (COHR.N), beat estimates for fourth-quarter earnings on Wednesday and forecast first-quarter revenue and profit above analysts’ expectations, betting on strong demand for its data center and communications products.
Shares of the company, however, slipped 4% in extended trading. They have risen nearly 93% so far this year.
Here are more details:
- Coherent, which makes optical transceivers and other photonics products that help manage traffic inside data centers, has benefited from growing investment in AI infrastructure.
- Data center and communications, Coherent’s largest segment, reported revenue of $1.62 billion in the fourth quarter ended June 30, up from $1.02 billion a year earlier.
- However, revenue at its industrial business segment declined 16% in the quarter. The company also reported sharply lower full-year operating cash flow.
- Meanwhile, overall quarterly revenue of $2.05 billion surpassed analysts’ average estimate of $1.99 billion, according to data compiled by LSEG.
- Adjusted profit per share came in at $1.74, beating estimates of $1.61.
- “We enter fiscal 2027 with exceptional customer demand, expanding production capacity, and multiple new growth platforms beginning to ramp,” CEO Jim Anderson said.
- Saxonburg, Pennsylvania-based Coherent forecast first-quarter revenue in the range of $2.2 billion to $2.4 billion, above analysts’ estimate of $2.14 billion.
- The company expects first-quarter adjusted profit per share of $1.85 to $2.05, higher than estimates of $1.77 per share.
- In March, Nvidia said it would invest $2 billion in Coherent to support research and development, manufacturing capacity and operations.
Reporting by Anzar Mehraj in Bengaluru; Editing by Diti Pujara
© Thomson Reuters 2026
