Stocks · Technology · Hardware, Equipment & Parts
Coherent, Inc. COHR
$337.04 +5.59% Close, Oct 2, 2026 · NYSE · Market cap $65.94B
Strong trendHigh risk
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The diluted share count rose 30.0% in a year.
- Over the past year the stock returned +194.0%, ahead of the S&P 500 by 178.9 percentage points.
- Earnings beat analyst estimates in each of the last 13 quarters (average surprise over the last four: +6.6%).
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 29%
- FCF growth (TTM, YoY)Bottom 1%
- Revenue growth, 3-year CAGRTop 38%
- Revenue growth accelerationTop 22%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 47%
- Gross marginBottom 31%
- Operating marginTop 32%
- Cash conversion (OCF / net income)Bottom 6%
- Accruals (lower is better)Bottom 8%
- Net debt / EBITDA (lower is better)Bottom 34%
- Interest coverTop 47%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 48%
- Free-cash-flow yieldBottom 22%
- EBITDA / enterprise valueBottom 44%
- Sales / enterprise valueBottom 25%
- P/E vs own 5-year history (lower is better)Bottom 48%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 6%
- 6-month returnTop 45%
- 1-year return vs S&P 500Top 6%
- Distance from 52-week highTop 38%
- Trend checklist (0–4)Top 18%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 44%
- Consecutive EPS beatsTop 18%
- Share of analysts rating BuyTop 29%
- Upside to consensus price targetBottom 36%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 9%
- Maximum drawdown, 3 yearsTop 35%
- Beta vs S&P 500 (lower is better)Bottom 10%
- Net debt / EBITDA (lower is better)Bottom 34%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 18.0% | 22.5% | ↑ |
| Gross margin | 35.4% | 37.5% | ↑ |
| Operating margin | 9.4% | 12.0% | ↑ |
| FCF margin | 3.3% | -14.5% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 22.5% | 18.0% | ↑ | Top 29% |
| Gross margin | 37.5% | 35.4% | ↑ | Bottom 31% |
| Operating margin | 12.0% | 9.4% | ↑ | Top 32% |
| Net margin | 11.3% | 0.8% | ↑ | — |
| Free-cash-flow margin | -14.5% | 3.3% | ↓ | — |
| Return on invested capital | 5.1% | — | Top 47% | |
| Revenue growth, 3-year CAGR | 11.3% | — | Top 38% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.10×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 4.0%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.6%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +9.2 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1.52×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 4.5×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.02%
- Net buyback yield (TTM)
- -3.11%
- Shareholder yield
- -3.10%
- Share count change, 1 year
- +30.0%
- Share count change, 3-year CAGR
- +13.2%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 14, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 13
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +6.6%
- Average 2-day reaction, last 8
- +1.8%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $385.89
- Target vs current price
- +14.5%
- Analysts with a rating
- 31
- Share rating Buy or Strong Buy
- 77%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 12, 2026 | +7.4% | +8.2% | -6.7% | -7.6% | — |
| May 6, 2026 | +0.7% | +2.7% | +11.4% | +24.3% | -21.7% |
| Feb 4, 2026 | +6.6% | -7.9% | -0.4% | +19.9% | +39.5% |
| Nov 5, 2025 | +11.5% | +4.6% | +22.8% | +32.8% | +72.8% |
| Aug 13, 2025 | +8.7% | -2.2% | -24.7% | -11.2% | +15.5% |
| May 7, 2025 | +6.3% | -0.2% | +13.1% | +17.0% | +47.3% |
| Feb 5, 2025 | +37.7% | +2.7% | -0.3% | -18.1% | -21.2% |
| Nov 6, 2024 | +20.7% | +6.3% | +11.1% | +19.7% | -6.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 12, 2026 | $1.74 | $1.62 | +7.4% | $2.05B |
| May 6, 2026 | $1.41 | $1.40 | +0.7% | $1.81B |
| Feb 4, 2026 | $1.29 | $1.21 | +6.6% | $1.69B |
| Nov 5, 2025 | $1.16 | $1.04 | +11.5% | $1.58B |
| Aug 13, 2025 | $1.00 | $0.92 | +8.7% | $1.53B |
| May 7, 2025 | $0.91 | $0.86 | +6.3% | $1.50B |
| Feb 5, 2025 | $0.95 | $0.69 | +37.7% | $1.43B |
| Nov 6, 2024 | $0.74 | $0.61 | +20.7% | $1.35B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 82.0× | 60.1× | 60th | Top 48% |
| P/E (forward) | 35.7× | — | — | — |
| EV / EBITDA | 43.8× | — | — | Bottom 44% |
| EV / Sales | 9.60× | — | — | Bottom 25% |
| Free-cash-flow yield | -1.56% | — | — | Bottom 22% |
| Earnings yield | 1.22% | — | — | Top 48% |
P/E over the past five years
Range 13.0× – 208.9× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 2
- Days above the 200-day average
- 4
- 50-day average slope (20 days)
- -4.1%
- 200-day average slope (20 days)
- +4.8%
- Distance from 50-day average
- +13.5%
- Distance from 200-day average
- +16.6%
- RSI (14)
- 60.7
- Relative volume
- 1.29×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 102.4%
- Volatility vs own 5-year history
- 96th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 2.51
- Correlation with S&P 500
- 0.55
- Current drawdown from 1-year high
- -21.0%
- Maximum drawdown, 3 years
- -54.8%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Feb 11, 2021 | May 16, 2023 | -72.2% | 568 days | 354 days (Oct 11, 2024) |
| Dec 4, 2024 | Apr 4, 2025 | -54.9% | 82 days | 85 days (Aug 7, 2025) |
| Jun 2, 2026 | Jul 29, 2026 | -48.0% | 39 days | Not yet recovered |
| Mar 2, 2026 | Mar 30, 2026 | -26.5% | 20 days | 8 days (Apr 10, 2026) |
| Aug 12, 2025 | Aug 20, 2025 | -25.8% | 6 days | 34 days (Oct 8, 2025) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $65.94B
- P/E (TTM)
- 82.0
- EPS, diluted (TTM)
- $4.11
- Revenue (TTM)
- $7.12B
- 52-week range
- $108.19 – $440.00
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $3.32B | $5.16B | $4.71B | $5.81B | $7.12B |
| Gross profit | $1.27B | $1.78B | $1.46B | $2.06B | $2.67B |
| Operating income | $414.3M | $280.0M | $123.2M | $548.9M | $901.5M |
| Net income | $234.8M | -$259.5M | -$156.2M | $49.4M | $805.0M |
| EPS (diluted) | $1.45 | -$2.93 | -$1.84 | -$0.52 | $4.12 |
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.35B | $1.43B | $1.50B | $1.53B | $1.58B | $1.69B | $1.81B | $2.05B |
| Net income | $25.9M | $103.4M | $15.7M | -$95.6M | $226.3M | $146.7M | $191.4M | $240.5M |
| EPS (diluted) | -$0.04 | $0.44 | -$0.11 | -$0.83 | $1.19 | $0.76 | $0.97 | $1.19 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Operating cash flow | $413.3M | $634.0M | $545.7M | $633.6M | $79.5M |
| Capital expenditure | -$314.3M | -$436.1M | -$346.8M | -$440.8M | -$1.11B |
| Free cash flow | $99.0M | $198.0M | $198.9M | $192.8M | -$1.03B |
| Dividends paid | -$34.5M | -$27.6M | $0 | -$11.4M | -$11.4M |
| Net share buybacks | -$21.2M | -$54.2M | -$22.3M | -$54.0M | $2.05B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.99B
- Total assets
- $18.30B
- Total liabilities
- $7.06B
- Total debt
- $3.54B
- Net debt
- $2.38B
- Shareholders’ equity
- $10.90B
As of Jun 30, 2026 (filed Aug 14, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Dec 17, 2012 | $1.00 | Dec 27, 2012 |
Short interest
- Shares sold short
- 10,178,444
- Days to cover
- 1.70
- Change vs previous report
- -5.4%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jun 27, 2011
- 2-for-1
- Mar 23, 2005
- 2-for-1
- Sep 21, 2000
- 2-for-1
- Sep 8, 1995
- 2-for-1