Tuesday, July 21, 2026
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The Chain Gazette · ResearchHardwareNEW YORK STOCK EXCHANGE, INC.Full writeup
$314.89+10.33%as of 12:14 PM ET

COHRCoherent Corp.

Industrial lasers and photonics company; manufactures UV and frequency-doubled lasers used in ion-trap quantum computing cooling, detection, and qubit manipulation.

Coiled

1

52w range compression, breakout-adjusted

Watched

70

7-day news volume + tape quietness

Sound

73

Margins, growth, FCF composite

Critical

100

Supply-chain concentration × demand

Pressure

59

Pricing Power

36.8%

Inflating

Numbers on the wire.

Market cap

$55.8B

P/E (TTM)

123.53

P/S (TTM)

8.77

EV / EBITDA

Gross margin

36.78%

Op margin

11.00%

Net margin

7.10%

FCF margin

Rev growth YoY

18.00%

EPS growth YoY

275.48%

ROE

5.26%

ROA

3.03%

Debt / Equity

0.30

Current ratio

3.05

Price / Book

4.36

Beta

2.10

Layer Presence.

Coherent is the largest public laser supplier for quantum applications. Quantum segment ~2-3% of $3.5B revenue growing 20%+ YoY. Core business is materials processing and datacom. Risk: Toptica (private) dominates quantum-specific laser market; Coherent is secondary for bespoke ion-trap laser lines.

From the EDGAR wire.

From the tape.