Coherent (COHR) Q4 2026 Earnings
How Did COHR Stock React to Q4 2026 Earnings?
S&P 500 over the same 30 days: −2.63%.
Did COHR Beat Earnings? Q4 2026 Results
Yes. Coherent reported Q4 2026 earnings of $1.74 a share on Aug 12, 2026, beating the $1.62 consensus estimate by 7.6%. Revenue was $2.0B against a $2.0B estimate.
Coherent Corp. capped fiscal 2026 with a quarter that validated its aggressive pivot toward AI infrastructure, posting Q4 adjusted EPS of $1.74 against a consensus estimate of $1.62, a 7.60% beat, while revenue of $2.05 billion topped expectations by 3.26% and grew 33.7% year-over-year. The story behind the numbers was straightforward: datacenter demand. The Datacenter & Communications segment generated $1.61 billion in Q4 revenue, representing 79% of total sales and growing 59% year-over-year on a pro forma basis, as hyperscalers continued spending heavily on AI-related optical connectivity. Margin expansion reinforced the operating leverage narrative, with non-GAAP gross margin reaching 40.2% and adjusted EBITDA margin widening to 25.6% from 22.9% a year earlier. <a href="https://247wallst.com/investing/2026/08/12/live-will-coherent-crush-q4-earnings-after-soaring-9-today/">Heading into the print</a>, investor expectations were already elevated, and Coherent delivered. Looking ahead, the company guided Q1 fiscal 2027 revenue of $2.20 billion to $2.40 billion and non-GAAP EPS of $1.85 to $2.05, with new platforms including co-packaged optics and optical circuit switches beginning to ramp.
- Surging AI datacenter demand driving Datacenter & Communications segment growth of 59% YoY on pro forma basis
- Non-GAAP operating margin expanded to 21.8% from 18.0% YoY driven by operating leverage
- Non-GAAP gross margin expanded 215 bps YoY to 40.2%
- Non-GAAP EPS growth more than twice the rate of revenue growth
- Transition from copper to optical connectivity in AI datacenters
“Fiscal 2026 was an outstanding year for Coherent, with record revenue, significant margin expansion, and non-GAAP EPS growth that was more than twice the rate of revenue growth.”
Coherent CEO, on the earnings call
What Is Coherent's Outlook?
For Q1 fiscal 2027, Coherent expects revenue of $2.2 billion to $2.4 billion, non-GAAP gross margin of 39.5% to 41.5%, non-GAAP total operating expenses of $400 million to $420 million, a non-GAAP tax rate of 18% to 20%, and non-GAAP EPS of $1.85 to $2.05. The company highlighted exceptional customer demand, expanding production capacity, and multiple new growth platforms beginning to ramp, including CPO/NPO (H2 2026), thermal solutions (now entering revenue), and optical circuit switches (H1 2027), targeting over $20B in incremental SAM by calendar 2030.
COHR YoY Financials
| Metric | Q4 2026 | Q4 2025 | Year over year |
|---|---|---|---|
| Revenue | $2.0B | $1.5B | +33.7% |
| Gross Profit | $787.1M | $560.1M | +40.5% |
| Operating Income | $253.9M | $159.0M | +59.7% |
| Net Income | $240.5M | $53.3M | +351.5% |
COHR Revenue by Segment
COHR Revenue by Geography
When Does Coherent Report Next?
Figures from SEC filings and company reports. Not investment advice.