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Coherent tracker
What Coherent is building, from 1.6T and 3.2T optical transceivers to optical switches and the first 6-inch indium phosphide laser lines, plus its sales by business quarter by quarter, results and the latest news.
Sales by business
Coherent has two businesses. Datacenter and communications covers transceivers, lasers and optics for data centres and telecom. Industrial covers lasers, optics and materials for factories and other industries.
Apr–Jun 2026
- Datacenter and communications+59% on a year ago$1.62bn79%
- Industrial−16% on a year ago$431m21%
The last five quarters
| Q4 FY25Apr–Jun 2025 | Q1 FY26Jul–Sep 2025 | Q2 FY26Oct–Dec 2025 | Q3 FY26Jan–Mar 2026 | Q4 FY26Apr–Jun 2026 | |
|---|---|---|---|---|---|
| Datacenter and communications | $1.02bn | $1.09bn | $1.21bn | $1.36bn | $1.62bn |
| Industrial | $511m | $491m | $478m | $444m | $431m |
Industrial is lower partly because Coherent sold its aerospace and defence business in Sep 2025. Sources: Q4 FY25, Q1 FY26, Q2 FY26, Q3 FY26, Q4 FY26
Q4 FY26 results
Published 12 Aug 2026. Sales rose 34% to a record $2.05bn, driven by AI data centre demand. Net earnings were $241m against a $96m loss a year earlier. Coherent expects $2.2bn–$2.4bn of sales in Jul–Sep 2026.
In brief
- Sales of $2.05bn, up 34% (42% leaving out businesses it has sold).
- Datacenter and communications sales of $1.62bn, up 59%; industrial $431m, down 16%.
- Net earnings of $241m, against a $96m loss a year earlier. Adjusted earnings per share $1.74, up from $1.00.
- Full-year FY26 sales a record $7.12bn, up 23%.
- Forecast for Jul–Sep 2026: sales of $2.2bn–$2.4bn and adjusted earnings per share of $1.85–$2.05.
Against a year ago (Q4 FY25)
| Q4 FY25 | Q4 FY26 | Change | |
|---|---|---|---|
| Sales | $1.53bn | $2.05bn | up +34% |
| Datacenter and communications | $1.02bn | $1.62bn | up +59% |
| Industrial | $511m | $431m | down −16% |
Red and green show whether a change is good or bad for Coherent, so more spending shows in red.
Sales
Net earnings
Adjusted figures leave out one-off items. Next results due 4 Nov 2026. Coherent Q4 FY26 results, 12 Aug 2026
Products and progress
Where each Coherent product has got to, from first announcement to widely available. Checked against Coherent’s Q4 FY26 results (12 Aug 2026), ECOC (Sep 2026) and its announcements.
Datacentre
-
800G and 1.6T transceivers Widely available
1.6T ramping fast through 2026 alongside 800G (May 2026)
Plug-in modules that turn electrical signals into light and back, linking AI chips and switches inside data centres. Coherent Q3 FY26 call, 6 May 2026
-
3.2T transceivers In development
3.2T module with eight 425G lanes shown at ECOC, Sep 2026
The next generation, twice the speed of 1.6T, built on Coherent’s own lasers and light sensors. Coherent news, 20 Sep 2026
-
Co-packaged and near-packaged optics (PhotonLink) In development
PhotonLink platform and a 6.4T near-packaged engine shown at ECOC, Sep 2026
Optics placed right next to the AI or switch chip instead of in a plug-in module, to save power. Coherent news, 20 Sep 2026
-
Optical circuit switch Early rollout
Shipped to 7 customers by Sep 2025; sales to ramp through 2026
A switch with no moving parts that redirects beams of light between racks, so data never has to be turned back into electricity. Coherent Q1 FY26 call, Nov 2025
Manufacturing
-
6-inch indium phosphide lasers Early rollout
First transceivers with 6-inch parts shipped Jan–Mar 2026; third site planned in Zurich
The world’s first 6-inch indium phosphide wafer lines, in Sherman, Texas and Järfälla, Sweden. Bigger wafers give more lasers at lower cost. Coherent Q3 FY26 call, 6 May 2026
Partnerships
-
Nvidia optics partnership In development
Nvidia investing $2bn plus a multibillion-dollar purchase commitment (2 Mar 2026)
A multi-year deal for lasers and optical networking parts, with money for research and US factories. Nvidia news, 2 Mar 2026
-
VCSEL lasers for Apple In development
Multi-year Apple deal; shipments from Sherman due to start in the second half of 2026 (said Aug 2025)
Tiny lasers for iPhone and iPad sensors, to be made at Coherent’s Texas plant. Converge Digest, Aug 2025
Businesses
-
Datacenter and communications Widely available
$1.62bn of sales in Apr–Jun 2026, up 59%
Transceivers, lasers and optical parts for data centres and telecom networks. 79% of sales. Coherent Q4 FY26 results
-
Industrial Widely available
$431m of sales in Apr–Jun 2026, down 16% after selling some businesses
Industrial lasers, optics, silicon carbide and other materials. Coherent Q4 FY26 results
What’s new
- Filing Robert P Beard: shares kept back for tax 5,127 shares SEC,
- Filing Sherri R Luther: shares kept back for tax 18,284 shares SEC,
- Filing Notice of shareholder meeting SEC,
- Filing Ilaria Mocciaro: shares kept back for tax 1,766 shares SEC,
- Filing Stephen G Pagliuca: awarded shares 279 shares SEC,
- Filing Jeffrey B. Place: shares kept back for tax 641 shares SEC,
The last 30 days. Headlines link to the full stories on the publishers’ own sites.
Numbers
Sales each quarter
Net profit each quarter
| Quarter | Months | Sales | Net profit |
|---|---|---|---|
| Q4 FY26 | Apr–Jun 2026 | $2.05bn | $241m |
| Q3 FY26 | Jan–Mar 2026 | $1.81bn | $191m |
| Q2 FY26 | Oct–Dec 2025 | $1.69bn | $147m |
| Q1 FY26 | Jul–Sep 2025 | $1.58bn | $226m |
| Q4 FY25 | Apr–Jun 2025 | $1.53bn | −$95.6m |
| Q3 FY25 | Jan–Mar 2025 | $1.50bn | $15.7m |
Coherent’s financial year ends on 30 June, so its Q1 FY27 is July to September 2026. From Coherent’s results filed with the SEC; newer quarters appear automatically, with the business split added after each report is checked.
Directors’ share deals
Directors and senior staff must tell the SEC within two business days when they buy, sell or are given shares.
| Reported | Who | What happened |
|---|---|---|
| 22 Oct 2026 | Robert P BeardChief Strategy & Legal Officer | Shares kept back for tax 5,127 shares |
| 14 Oct 2026 | Sherri R LutherChief Financial Officer | Shares kept back for tax 18,284 shares |
| 7 Oct 2026 | Ilaria MocciaroChief Accounting Officer | Shares kept back for tax 1,766 shares |
| 7 Oct 2026 | Stephen G PagliucaDirector | Awarded shares 279 shares |
| 5 Oct 2026 | Jeffrey B. PlaceChief Supply Chain Officer | Shares kept back for tax 641 shares |
| 15 Sep 2026 | Enrico DigirolomoDirector | Sold 5,315 shares at $305.98 ($1.6m) Gift 1,279 shares |
| 11 Sep 2026 | Robert P BeardChief Strategy & Legal Officer | Sold 500 shares at $309.32 ($154,660) |
| 4 Sep 2026 | Lisa Neal-GravesDirector | Sold 2,200 shares at $268.42 ($590,524) |
From Form 4 filings on SEC EDGAR. ‘Used options’ means turning share options into shares; it is not a purchase on the market.
Share price
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Timeline
- Mar 2026Nvidia agrees to invest $2bn in Coherent.
- Sep 2025Sells its aerospace and defence business.
- Aug 2025First 6-inch indium phosphide production line starts in Sherman, Texas.
- 2022II-VI buys laser maker Coherent, Inc. and takes the Coherent name.
- 1971The company starts out as II-VI Incorporated in Pennsylvania.
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Start a Coherent thread on the forumWhere this comes from
- US filings, results and insider deals: SEC EDGAR
- Sales by business: Coherent’s quarterly results
- Product news: Coherent newsroom
- Products, cities and timeline: checked by ChartsView against the company’s own reports, last on 31 Oct 2026.
All sources are free and public. Data is collected each morning and refreshed through the day. This page is for information only and is not investment advice.
ChartsView is independent and is not connected with, or endorsed by, Coherent Corp. The company’s name is used only to say who this page is about.