COHR — Coherent Corp.
Industrial lasers and photonics company; manufactures UV and frequency-doubled lasers used in ion-trap quantum computing cooling, detection, and qubit manipulation.
Coiled
18
52w range compression, breakout-adjusted
Watched
70
7-day news volume + tape quietness
Sound
71
Margins, growth, FCF composite
Critical
100
Supply-chain concentration × demand
Pressure
64
Pricing Power
36.2%
Filling fast
Financials
Numbers on the wire.
Market cap
$67.3B
P/E (TTM)
216.57
P/S (TTM)
10.09
EV / EBITDA
—
Gross margin
36.16%
Op margin
8.97%
Net margin
4.66%
FCF margin
—
Rev growth YoY
18.63%
EPS growth YoY
234.55%
ROE
3.57%
ROA
1.98%
Debt / Equity
0.39
Current ratio
2.25
Price / Book
3.40
Beta
2.04
Source: Finnhub. TTM = trailing twelve months.
Supply Chain
Layer Presence.
- Quantum Computing (Photonic Qubits)Optical frequency combs and laser stabilization systems for photonic qubit generation and quantum clock references.65%
- Quantum Computing (Trapped-Ion Qubits)Precision lasers for ion-trap quantum computing (369nm, 405nm, 729nm for cooling, repumping, clock transitions).78%
Our take
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.
Recent filings
From the EDGAR wire.
News
From the tape.
- ChartMillWhich S&P500 stocks are moving on Thursday?
- ChartMillTop S&P500 movers in Thursday's pre-market session
- YahooDow Jones Futures Rise, Oil Prices Fall On Iran-Deal Hopes, Nvidia Leads New Buys; ARM Is Earnings Mover
- YahooCoherent (COHR) tops revenue expectations in Q3 as AI demand accelerates, shares decline
- YahooCoherent (COHR) Q3 2026 Earnings Transcript
- SeekingAlphaCoherent Corp. 2026 Q3 - Results - Earnings Call Presentation