COHR, US19247G1076

Coherent stock clears 60% fiscal 2027 growth bar

Published on 11/11/2026 at 16:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Coherent stock builds on record fiscal first-quarter sales and stronger optical demand. Management also raised its longer-term margin ambition.

Coherent raises the growth bar

Record first-quarter sales strengthened management's expansion targets for fiscal 2027.
AI data-center demand remains the main driver of Coherent's revenue momentum.
Investors will focus on execution against the next-quarter targets and capacity expansion.

COHR, US19247G1076, Illustration mit AI erstellt.

Coherent Corp. reported a record fiscal first quarter on Wednesday, November 4, 2026, and raised its growth ambitions for the year ahead. The company's official earnings release said revenue reached 2.37 billion US dollars for the quarter ended September 30.

Record sales widen the outlook

Revenue rose 49.9 percent from the year-earlier quarter, while pro forma revenue increased 56 percent after excluding the effect of divested businesses. Datacenter and Communications revenue reached 1.95 billion US dollars, making optical connectivity for AI infrastructure the main growth engine.

GAAP diluted earnings per share increased to 1.90 US dollars from 1.19 US dollars. Non-GAAP diluted earnings per share rose to 2.09 US dollars from 1.16 US dollars, while non-GAAP gross margin expanded to 40.6 percent from 38.7 percent.

What has changed since our last report

Management now expects fiscal 2027 pro forma revenue growth to exceed 60 percent and more than double the pro forma growth rate of fiscal 2026. The company also expects its first 3 billion US dollar revenue quarter by the end of fiscal 2027 and its first 4 billion US dollar quarter in fiscal 2028.

For the second quarter of fiscal 2027, Coherent expects revenue of 2.55 billion to 2.75 billion US dollars, non-GAAP gross margin of 40 percent to 42 percent and non-GAAP diluted earnings per share of 2.28 to 2.48 US dollars. Chief Financial Officer Sherri Luther also expects the first quarter with non-GAAP gross margin above 45 percent before the end of calendar 2028.

Share price and investor focus

Coherent stock traded at 209.65 euros on Lang & Schwarz at 16:05 CET on Wednesday, November 11, 2026, versus 197.55 euros in our report of November 9, an increase of 6.13 percent. This comparison with the previous report is separate from the daily Xetra comparison.