FirmAtlas
Company handbook · COHR · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
COHR · CIK 820318 · LATEST FILING: 10-K FY26 · FILED AUG 14, 2026
COHERENT CORP.
$232.90
−17.70 (−7.06%)
Close, Oct 16, 2026 · 52-week $113–440
Last fiscal year
COHERENT CORP. reported revenue of $7.1B for the year ended Jun 30, 2026 (FY26), up 22.5% from FY25. Net income was $805M, operating cash flow $80M and free cash flow −$1.0B. Source: 10-K filed Aug 14, 2026.
Market cap
$45.5B
P/E
56.5
P/B
4.2
Revenue 1Y
22.5%/yr
EPS 1Y
n/m
Shares 1Y
+26%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOJames R. Anderson
HQSaxonburg, PA
AuditorErnst & Young LLP
Employees51,000
Year endsJune
Revenue by segment · FY26
Datacenter And Communications74%
Industrial26%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
24.5%
32.3%
90.0%
100.8%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY25–FY26
$1.6B deployed
Capex
$1.5B
98.5%
Dividends
$23M
1.5%
Operating cash flow over the period: $713M. Total debt changed by −$645M. R&D of $1.3B is already inside operating costs.
Capex was more than operating cash flow in FY26.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
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Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY26 = year ended Jun 30, 2026 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Income
Balance sheet
Total assets
14,911
18,300+22.7%
Cash & short-term investments
1,633
2,593+58.8%
Accounts receivable
964
1,343+39.3%
Inventory
1,438
2,581+79.5%
Net PP&E
1,878
2,999+59.8%
Other assets
8,999
8,783−2.4%
Total liabilities
9,266
7,396−20.2%
Accounts payable
847
1,905+125.0%
Total debt
3,875
3,230−16.6%
Other liabilities
4,544
2,261−50.2%
Shareholders’ equity
5,645
10,903+93.2%
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
634
80−87.5%
Net income
30
787+2518.0%
Depreciation & amortization
554
522−5.7%
Stock-based compensation
160
186+16.4%
Working capital & other
(110)
(1,416)n/m
Cash from investing
(414)
(1,414)n/m
Capex
(441)
(1,103)n/m
Acquisitions
0
—
Investments bought
0
(1,025)n/m
Other investing
27
714+2582.8%
Cash from financing
(452)
1,477n/m
Debt repaid
(437)
(1,723)n/m
Dividends
(11)
(11)n/m
Shares issued
0
1,999n/m
Other financing
(3)
1,213n/m
Net change in cash
(157)
135n/m
Free cash flow (OCF − capex)
193
(1,023)−630.9%
Where the cash went
Operating cash flow
634
80−87.5%
Reinvested in the business
441
1,103+150.2%
% of operating cash flow
69.6%
1387.1%
Capex
441
1,103+150.2%
Acquisitions
0
—
R&D (memo, already in costs)
582
723+24.2%
Free cash flow
193
(1,023)−630.9%
YoY
−630.9%
Returned to shareholders
11
11+0.0%
% of free cash flow
5.9%
—
Dividends
11
11+0.0%
Change in total debt
—
(645)
Cash left over
—
(1,680)
FCF conversion (FCF ÷ net income)
390.5%
−127.1%−517.6 pp
Owner earnings
—
(240)
Owner earnings margin
—
−3.4%
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
1,581
1,686
1,806
2,046
vs year-ago quarter
Gross profit
579
623
680
787
Gross margin
36.6%
36.9%
37.7%
38.5%
Net income
226
147
191
241
vs year-ago quarter
Net margin
14.3%
8.7%
10.6%
11.8%
EPS (diluted, $)
1.19
0.76
0.97
1.23
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
14,699
15,088
17,287
18,300
Cash & equivalents
1,553
1,529
2,226
2,593
Total debt
3,356
3,458
3,203
3,230
Shareholders’ equity
5,830
8,539
10,677
10,903
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
46
58
(94)
69
Capex
104
154
290
556
Free cash flow
(58)
(96)
(383)
(486)
vs year-ago quarter