Coherent Corp. Reports Strong Q2 FY26 Results with Double-Digit Revenue & EPS Growth, Positive Outlook
COHR has more than doubled off its 52-week low of $45.58 on elevated volume (2.5× avg).
Summary
Coherent Corp. announced strong Q2 FY26 financial results, featuring double-digit revenue and EPS growth, driven by robust demand in its datacenter and communications segment, and issued positive guidance for Q3 FY26.
Key Events · Earnings and Guidance · COHR
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Strong Q2 FY26 Revenue Growth
Reported Q2 FY26 revenue of $1.69 billion, an increase of 17% year-over-year (GAAP) and 22% on a pro forma basis, adjusted for a recent divestiture.
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Significant EPS Increase
Achieved Q2 FY26 GAAP diluted EPS of $0.76, up 71% year-over-year, and non-GAAP diluted EPS of $1.29, a 35% increase year-over-year.
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Gross Margin Expansion
GAAP gross margin improved to 36.9% (up 145 basis points year-over-year), while non-GAAP gross margin reached 39.0% (up 77 basis points year-over-year).
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Datacenter & Communications Segment Drives Growth
The datacenter and communications segment revenue surged 34% year-over-year (pro forma), highlighting strong demand in this critical market.
Analysis · COHR · Industrial Applications And Services
Coherent Corp. delivered robust second-quarter fiscal 2026 results, exceeding prior year performance with significant revenue and EPS growth. The strong performance was primarily driven by exceptional demand in the datacenter and communications segment, which saw a 34% year-over-year increase. The company also provided an optimistic outlook for the third quarter and beyond, signaling continued growth and capacity expansion. This positive earnings report, coupled with strong guidance, suggests solid operational momentum and favorable market conditions for Coherent's key segments.
At the time of this filing, COHR was trading at $194.40 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $33.2B. The 52-week trading range was $45.58 to $241.50. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.