Why did Coherent Corp. (COHR) stock move recently?

On 9/16/2026, Coherent Corp. moved +6.9% — Optical and photonics shares bounced after a sharp pullback over the prior month. Coverage of the session attributed the move to short covering and positioning rather than any company announcement, analyst action or product news. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Coherent Corp. (COHR) overvalued or fairly valued?

MarketChacha shows Coherent Corp.'s valuation in context — a trailing P/E of about 82.5, a forward P/E of about 16.5, a price-to-book of about 4.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Coherent Corp.'s reported profit turn into cash?

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (4.31×) from reported figures — education, not a rating.

What is Coherent Corp.'s revenue?

Coherent Corp. reported revenue of $7.1B for FY2026, with net profit of $805.0M, per official filings.

What is the share price of Coherent Corp. (COHR)?

Coherent Corp. last traded at $231.80 (-0.1% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Coherent Corp.

COHR · NASDAQ · Technology · United States

Snapshot

TickerCOHR

ExchangeNASDAQ

SectorTechnology

IndustryScientific & Technical Instruments

CountryUnited States

Employees51,478

HeadquartersSaxonburg, United States

Websitewww.coherent.com

Filings tracked17

About Coherent Corp.

Coherent Corp. develops, manufactures, and markets lasers, transceivers, other optical and optoelectronic devices, modules, and systems worldwide. Its products include critical components consisting of detectors, passive optics, thermal solutions, and PICS; silicon photonics and other advanced optical technologies; and coherent transmission components, transport products, optical amplifiers, passive optical components, optical line systems, and multi-rail platform. The company's Datacenter and Communications segment offers transceivers, co-packaged optics, and optical circuit switches, as well as other systems, such as subsystems, modules, and semiconductor devices for datacenter and communications applications; and VCSELS, EELS, pump lasers, and other components, optics, and ICs for datacenter and communication applications. Its Industrial segment offers excimer lasers, solid-state lasers, and CO2 lasers; laser systems for various industrial applications, including semiconductor capital equipment, display manufacturing, precision manufacturing, and scientific research; and laser systems and subsystems comprising high-power lasers for materials processing. This segment also provides engineered materials, laser optics, thermoelectric components, and advanced ceramic and metal-matrix composite materials and products. It markets its products and services through a direct sales force, representatives, and distributors. The company was formerly known as II-VI Incorporated and changed its name to Coherent Corp. in September 2022. Coherent Corp. was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania.

Who owns it

Insiders4.4%
Institutions88.0%
Public & other7.6%

1,774 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.8.43%
Vanguard Capital Management LLC6.48%
FMR, LLC5.59%
Vanguard Portfolio Management LLC5.09%
State Street Corporation4.36%
Nvidia Corp3.95%
Invesco Ltd.3.77%
Geode Capital Management, LLC2.68%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Latest ROE of 7.4% is on the low side — the business earns a modest return on shareholder capital.

Cash conversion4.31×

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend-5.0% → 11.3%

Margin has expanded by about 16.3 points — the business is getting more profitable.

Return on equity7.4%

Latest ROE of 7.4% is on the low side — the business earns a modest return on shareholder capital.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $2.5B · EPS 2.20

Est. earnings growth +70.3%

Next fiscal year

Rev $14.8B · EPS 14.05

Est. earnings growth +49.2%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2026)

$7.1B

Net margin

11.3%

ROE

7.4%

Revenue CAGR (3y)

+11.3%

EPS (FY2026)

4.12

Net profit (FY2026)

$805.0M

Ask MarketChacha about COHR

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Sep 16, 2026
Optical and photonics shares bounced after a sharp pullback over the prior month. Coverage of the session attributed the move to short covering and positioning rather than any company announcement, analyst action or product news.
source 1 ↗· confidence: medium
Aug 25, 2026
Coherent shares rose on positive analyst sentiment highlighting substantial upside potential (mean target implying ~48% rally) amid strong AI data center demand and upward revisions to consensus estimates, with no single new event but ongoing momentum in the optics/AI sector.
source 1 ↗· confidence: medium
Aug 18, 2026
Coherent fell as part of a broad risk-off move in AI infrastructure and photonics names. Rising long-dated Treasury yields pressured the year's most extended high-multiple trades rather than any company announcement.
source 1 ↗· confidence: medium
Aug 10, 2026
Coherent slid as investors locked in gains ahead of the optical-components maker's earnings report scheduled for August 12, with no company-specific news driving the pullback.
source 1 ↗· confidence: medium
Aug 4, 2026
Coherent Corp (COHR) rose sharply with no identifiable company-specific catalyst from recent filings or news; it likely moved with the broader tech sector or market.
· confidence: low
Jul 28, 2026
COHR fell sharply with a broad sell-off in AI-linked optical/photonics stocks driven by profit-taking and rotation out of high-valuation names, with no company-specific negative catalyst reported; next earnings are scheduled for August 12.
source 1 ↗source 2 ↗source 3 ↗· confidence: medium
Jul 27, 2026
Coherent shares fell sharply with no company-specific catalyst or filing; the move aligned with broader weakness across photonics and AI optics stocks amid sector-wide valuation pressure and risk-off sentiment.
· confidence: low
Jul 24, 2026
No company-specific catalyst identified in recent filings or news; shares likely moved with the broader market or sector.
· confidence: low

Daily moves with the verified reason behind them. Education only — not investment advice.

On MarketChacha

Posts about COHR

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2026	$7.1B	$805.0M	4.12	11.3%	7.4%
FY2025	$5.8B	$49.4M	-0.52	0.8%	0.9%
FY2024	$4.7B	$-156.2M	-1.84	-3.3%	-3.0%
FY2023	$5.2B	$-259.5M	-2.93	-5.0%	-5.2%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$1.8B	$191.4M	0.97	10.6%
2025Q4	$1.7B	$146.7M	0.76	8.7%
2025Q3	$1.6B	$226.3M	1.19	14.3%
2025Q1	$1.5B	$15.7M	-0.11	1.0%
2024Q4	$1.4B	$103.4M	0.44	7.2%
2024Q3	$1.3B	$25.9M	-0.04	1.9%
2024Q1	$1.2B	$-13.2M	-0.29	-1.1%
2023Q4	$1.1B	$-27.0M	-0.38	-2.4%
2023Q3	$1.1B	$-67.5M	-0.65	-6.4%
2023Q1	$1.2B	$2.5M	-0.24	0.2%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Executive/director change, Other events
SEC8/31/2026material
10-K filing
SEC8/14/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC8/12/2026material
10-Q filing
SEC5/6/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC5/6/2026material
8-K — Executive/director change
SEC4/28/2026material
8-K — Unregistered equity sale, Reg FD disclosure, Exhibits
SEC3/2/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC2/4/2026material
10-Q filing
SEC2/4/2026

2025

8-K — Other events, Exhibits
SEC12/16/2025material
8-K — Other events
SEC11/21/2025material
8-K — Shareholder vote results, Exhibits
SEC11/17/2025material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC11/5/2025material
10-Q filing
SEC11/5/2025
8-K — Material agreement, Material financial obligation, Exhibits
SEC9/26/2025material
10-K filing
SEC8/15/2025
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC8/13/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.