Coherent (COHR) Hits Fresh High on Q3 Blowout

Core Insights - Coherent Corp. achieved a new all-time high stock price due to strong earnings performance driven by demand from AI data centers [1] - The company reported a net income of $226 million, a significant increase of 769% from the previous $26 million [2] - Revenues rose by 17% year-on-year to $1.581 billion, attributed to robust demand from AI-related data centers and communications [3] Financial Performance - The net income attributable to shareholders reached $226 million, marking a substantial increase from the previous year [2] - Revenue for the first quarter of fiscal year 2026 was $1.581 billion, up from $1.348 billion [3] - Coherent Corp. projects second-quarter revenues between $1.56 billion and $1.70 billion, with a gross margin percentage of 38% to 40% and earnings per share of $1.10 to $1.30 [3] Future Outlook - The CEO of Coherent Corp. expressed confidence in continued strong growth throughout the fiscal year, driven by increasing demand in data centers and communications, along with production capacity expansion [4]