Coherent Corp. (COHR) Stock Falls on Q2 2026 Earnings

Coherent Corp. (COHR) reported second-quarter fiscal 2026 revenue of $1.69 billion, up 17.5% year over year.

Gross profit: $622.8 million, up 22.3% year over year.

Operating profit: $184.0 million, up 34.4% year over year.

Net income attributable to common shareholders: $145.1 million, up 104.0% year over year.

Diluted earnings per share: $0.76, up 72.7% year over year.

Cash flow and balance sheet highlights:

Cash from operating activities: $57.9 million, down 69.1% year over year.

Purchases of property, plant and equipment (capex): $153.6 million, up 45.3% year over year.

Cash and cash equivalents: $863.7 million, down 5.9% year over year.

Total liabilities: $6.20 billion, down 0.5% year over year.

Other notable items and market reaction:

Cost of sales: $1.06 billion, up 14.9% year over year.

Revenue of $1.69 billion versus the Street estimate of $1.67 billion, a beat.

Diluted EPS of $0.76 versus the estimate of $1.23, below consensus.

Shares moved lower, down about 11.25% since market close.

Overall, Coherent Corp. delivered top-line growth and margin expansion while operating cash flow weakened and EPS missed expectations, coinciding with a notable drop in the stock price after the release.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Coherent Corp. Insider Trading Activity

Coherent Corp. insiders have traded $COHR stock on the open market 21 times in the past 6 months. Of those trades, 0 have been purchases and 21 have been sales.

Here’s a breakdown of recent trading of $COHR stock by insiders over the last 6 months:

CAPITAL INVESTORS LLC BAIN sold 7,500,000 shares for an estimated $1,075,275,000
GIOVANNI BARBAROSSA (EVP, General Management) has made 0 purchases and 3 sales selling 120,186 shares for an estimated $18,075,133.
JOSEPH J CORASANTI has made 0 purchases and 2 sales selling 24,720 shares for an estimated $4,421,239.
MICHAEL L DREYER sold 11,570 shares for an estimated $1,676,203
STEPHEN A SKAGGS has made 0 purchases and 4 sales selling 8,000 shares for an estimated $1,084,460.
JULIE SHERIDAN ENG (EVP, Engineering) has made 0 purchases and 4 sales selling 7,136 shares for an estimated $647,050.
HOWARD H. XIA has made 0 purchases and 3 sales selling 3,000 shares for an estimated $498,360.
ENRICO DIGIROLOMO sold 2,831 shares for an estimated $381,760
MICHELLE M STERLING sold 2,000 shares for an estimated $329,022
ILARIA MOCCIARO (SVP, Finance) sold 1,377 shares for an estimated $224,051

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Coherent Corp. Hedge Fund Activity

We have seen 409 institutional investors add shares of Coherent Corp. stock to their portfolio, and 333 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. removed 2,290,546 shares (-13.9%) from their portfolio in Q3 2025, for an estimated $246,737,615
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 1,841,168 shares (+inf%) to their portfolio in Q4 2025, for an estimated $339,824,377
FMR LLC added 1,785,320 shares (+16.1%) to their portfolio in Q3 2025, for an estimated $192,314,670
WELLINGTON MANAGEMENT GROUP LLP added 1,726,861 shares (+29.0%) to their portfolio in Q3 2025, for an estimated $186,017,466
POLAR CAPITAL HOLDINGS PLC removed 1,570,329 shares (-76.4%) from their portfolio in Q3 2025, for an estimated $169,155,839
ALYESKA INVESTMENT GROUP, L.P. added 1,509,271 shares (+127.5%) to their portfolio in Q3 2025, for an estimated $162,578,672
DUQUESNE FAMILY OFFICE LLC removed 1,157,840 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $124,722,524

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Coherent Corp. Government Contracts

We have seen $46,450 of award payments to $COHR over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

4H-SILICONE CARBIDE 100MM EPIWAFERS QTY OF 7: $46,450

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

Coherent Corp. Congressional Stock Trading

Members of Congress have traded $COHR stock 5 times in the past 6 months. Of those trades, 1 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $COHR stock by members of Congress over the last 6 months:

SENATOR MARKWAYNE MULLIN has traded it 2 times. They made 0 purchases and 2 sales worth up to $100,000 on 12/18.
REPRESENTATIVE LISA C. MCCLAIN has traded it 3 times. They made 1 purchase worth up to $15,000 on 10/30 and 2 sales worth up to $30,000 on 10/31, 10/30.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

Coherent Corp. Analyst Ratings

Wall Street analysts have issued reports on $COHR in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Overweight" rating on 12/05/2025
Barclays issued a "Overweight" rating on 11/07/2025
Rosenblatt issued a "Buy" rating on 11/06/2025
Stifel issued a "Buy" rating on 11/06/2025
Needham issued a "Buy" rating on 11/06/2025
Susquehanna issued a "Positive" rating on 10/22/2025

To track analyst ratings and price targets for Coherent Corp., check out Quiver Quantitative's $COHR forecast page.

Coherent Corp. Price Targets

Multiple analysts have issued price targets for $COHR recently. We have seen 9 analysts offer price targets for $COHR in the last 6 months, with a median target of $215.0.

Here are some recent targets:

Meta Marshall from Morgan Stanley set a target price of $190.0 on 01/30/2026
Atif Malik from Citigroup set a target price of $250.0 on 01/26/2026
Mehdi Hosseini from Susquehanna set a target price of $235.0 on 01/22/2026
Ruben Roy from Stifel set a target price of $220.0 on 01/22/2026
Tom O'Malley from Barclays set a target price of $215.0 on 01/15/2026
Samik Chatterjee from JP Morgan set a target price of $215.0 on 12/05/2025
Ryan Koontz from Needham set a target price of $190.0 on 11/06/2025