Core Insights - Coherent Corp. has launched a new 793nm pump laser diode, which offers 28W of power and 97% polarization purity, setting a new industry standard [1][4] - The Thulium fiber laser market is expected to grow significantly, driven by increased adoption in medical applications, which enhances patient care and treatment efficiency [2][3] Product Features - The 793nm chip enables higher power pumping, resulting in increased fiber laser power, shorter treatment times, and improved patient outcomes in the medical sector [3][4] - The chip's high polarization purity enhances system efficiency and reduces operational costs, making it a cost-effective solution for both medical and industrial applications [3][4] Market Impact - The introduction of the 793nm chip is expected to have a profound impact on the Thulium fiber laser market, enhancing laser performance and enabling new applications [2][4] - Coherent's new product complements its existing portfolio, including fiber-coupled diode laser modules and Thulium-doped fibers, providing a comprehensive solution for advanced laser systems [5] Availability and Commitment - The 793nm chip is available immediately, marking a significant milestone for Coherent and its customers [6] - The company is dedicated to supporting the demand for advanced laser technologies that improve patient outcomes and drive industry progress [6]

PITTSBURGH, March 11, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in photonics, introduces the WaveAnalyzer 1500B, a high-resolution optical spectrum analyzer that sets a new standard for transceiver testing. Building on the WaveAnalyzer 1500S, the new model delivers 100 MHz absolute frequency accuracy, high resolution, high speed, and full C+L band coverage in a single instrument. As data rates increase to meet AI and data center demands, efficient transceiver testing is crucial. The Wav ...

PITTSBURGH, March 10, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in laser technology, announces the release of its AIM FL series of industrial, multi-kilowatt single mode fiber lasers. This innovative product family includes up to 3kW single mode operation with practical industrial fiber delivery (up to 10m) and an impressive water-cooling temperature range of 20°C to 35°C. The AIM FL series has been rigorously designed with the needs of customers in high precision manufacturing a ...

Core Insights - Coherent Corp. is participating in OFC 2025, a leading global event for optical networking and communications, highlighting its role in the industry [1][3] Group 1: Executive Participation - CEO Jim Anderson will be a panelist at the Optica Executive Forum, discussing Coherent's impact on optical networking and AI [2] - CTO Dr. Julie Eng will present on "Status of Photonic-enabled Modules" at the same event [2] - CMO Dr. Sanjai Parthasarathi will participate in the Market Watch panel, focusing on the industry's current state and future outlook [2] Group 2: Industry Context - The event is recognized as a key platform for shaping the future of optical networking, with Coherent's leadership team contributing to discussions on advancements in photonics and AI-driven networking [3] - Coherent aims to support the evolving needs of customers and partners through innovation in fiber optics, photonics, and networking solutions [3] Group 3: Company Overview - Coherent is dedicated to empowering market innovators with breakthrough technologies across various sectors, including industrial, communications, electronics, and instrumentation [4] - The company has a global presence with research and development, manufacturing, sales, service, and distribution facilities [4]

PITTSBURGH, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in high-performance optical networking solutions, proudly announces that six of its products received awards in the 2025 Lightwave + BTR Innovation Reviews. "Innovation is at the heart of everything we do, and this recognition underscores our commitment to technology leadership," said Dr. Julie Eng, Chief Technology Officer at Coherent. "We are honored that six of our products have been recognized in the 2025 Lightwav ...

Investors interested in stocks from the Technology Services sector have probably already heard of Coherent (COHR) and Symbotic Inc. (SYM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companies wi ...

I recommended a buy rating for Coherent Corp. (NYSE: COHR ) when I wrote about it in October 2023 , as I expected its datacom segment to be a key growth driver, supported by demand for AI. TheI consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hands of competent, ethical, and long-te ...

Core Viewpoint - Coherent Corp. (COHR) has shown significant stock price growth over the past six months, outperforming some industry peers but still lagging behind the overall industry rally [1][4]. Financial Performance - COHR's stock price increased by 30.6% over the past six months, while the industry saw a 74.6% increase and the Zacks S&P 500 composite grew by 11.7% [1]. - The stock closed at $87.3, which is 23.2% lower than its 52-week high of $113.6 [4]. - The company generated an average of 53% of its revenues from the communications market, with a 6.3% quarter-over-quarter increase and a 58.3% year-over-year increase in Q2 of fiscal 2025 [5]. - The Zacks Consensus Estimate for fiscal 2025 revenues is $5.7 billion, indicating a 21% growth from the previous year, while fiscal 2026 revenues are expected to rise by 9.9% [13]. Market Dynamics - The communications market is projected to expand at a CAGR of 14% from 2023 to 2028, with a total addressable market of $23 billion [5]. - COHR operates in two segments: telecom and datacom, benefiting from rising investments in cloud infrastructure and increasing demand for AI and ML [6]. Valuation Metrics - COHR's stock is currently priced at 22.9 times forward 12-month earnings per share, significantly lower than the industry average of 48.9 times [8]. - The trailing 12-month EV-to-EBITDA ratio for COHR is 12.9 times, compared to the industry's average of 102.1 times [10]. Liquidity Position - The company has a strong liquidity position with a current ratio of 2.67, higher than the industry average of 2.21, indicating efficient short-term debt coverage [12]. Growth Prospects - The consensus estimate for earnings in fiscal 2025 is $3.47 per share, suggesting over 100% year-over-year growth, with a 24.6% increase expected in fiscal 2026 [14]. - COHR is well-positioned to capitalize on the expanding communications market, which may enhance its market share and strengthen its leadership [15].

Investors interested in stocks from the Technology Services sector have probably already heard of Coherent (COHR) and Symbotic Inc. (SYM) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate re ...

Financial Data and Key Metrics Changes - Revenue for Q2 fiscal 2025 reached a record $1.43 billion, increasing approximately 6% sequentially and 27% year-over-year [7][25] - Non-GAAP gross margin improved to 38.2%, up 146 basis points sequentially and 363 basis points year-over-year [9][26] - Non-GAAP EPS grew over 40% sequentially and more than tripled year-over-year, reaching $0.95 [10][28] Business Line Data and Key Metrics Changes - Data center and communications market revenue increased 6% sequentially and 58% year-over-year, driven by strong AI-related datacom transceiver growth [11] - Telecom revenue grew 16% sequentially and 11% year-over-year, marking the second consecutive quarter of sequential growth [17] - Laser segment revenue increased 8% sequentially and 6% year-over-year, primarily due to demand for Excimer annealing lasers in display capital equipment [25] Market Data and Key Metrics Changes - Datacom revenue achieved record Q2 growth of 79% year-over-year, driven by AI data center demand [11][24] - Revenue from industrial-related applications increased 7% sequentially but remained flat year-over-year [18] - Display capital equipment saw growth due to increased OLED adoption in larger devices, contributing to demand for Excimer lasers [19][95] Company Strategy and Development Direction - The company aims for a durable gross margin of over 40% through pricing optimization and product cost improvements [8][9] - Strategic portfolio optimization is underway, including divesting non-strategic product lines and assets [22] - The company is investing in new technologies, including a new Optical Circuit Switch platform, which is expected to expand the addressable market [16] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the telecom market, expecting continued sequential growth [36][39] - The company anticipates fiscal 2025 to be a strong growth year despite near-term softness in industrial markets [23] - Management highlighted the importance of supply chain resiliency and adaptability in the current market environment [84] Other Important Information - The company paid down $132 million in debt during the quarter, strengthening its balance sheet [24] - Guidance for Q3 fiscal 2025 includes expected revenue between $1.39 billion and $1.48 billion and non-GAAP gross margin between 37% and 39% [29][30] Q&A Session Summary Question: Thoughts on the telecom market and sustainability of improvement - Management moved from cautious to cautiously optimistic regarding telecom, expecting continued sequential growth [36][37] Question: Addressable opportunity for the OCS platform - Initial revenue expected in calendar 2025, with more details to be shared at the Investor Day [46] Question: Co-packaged optics (CPO) impact on business - CPO is expected to drive growth in optical networking and data centers, with Coherent well-positioned to benefit [55][56] Question: Customer concentration and AI consumption - Revenue in datacom is well diversified across multiple hyperscaler customers [61] Question: Market landscape for VCSELs, EMLs, and Silicon photonics - Coherent has a broad portfolio of ingredient technologies and will invest where it provides a competitive advantage [67][70] Question: Gross margin outlook and initiatives - Gross margin improvements driven by volume, cost reductions, and pricing optimization [76][77] Question: Impact of tariffs on business - Current quarter results are not expected to be significantly impacted by tariffs, with a resilient supply chain in place [82][83] Question: Prospects for the laser and materials business - Cautious outlook for industrial-related markets, with some growth in display capital equipment and semi-cap equipment [94][101] Question: Update on 200 gig per lane VCSEL - Progress continues on engineering efforts for 200 gig VCSELs, with a robust roadmap for various technologies [104] Question: OpEx expectations for the upcoming quarters - R&D spending is expected to increase, while SG&A expenses are being managed for efficiency [120][121]