Q2 26 EPS
$1.29
BEAT +6.61%
Est. $1.21
Q2 26 Revenue
$1.69B
BEAT +2.74%
Est. $1.64B
vs S&P Since Q2 26
+62.8%
BEATING MARKET
COHR +71.5% vs S&P +8.8%
Market Reaction
Did COHR Beat Earnings? Q2 2026 Results
Coherent Corp. Delivered a strong fiscal second quarter, posting non-GAAP diluted EPS of $1.29 against a consensus estimate of $1.21, a beat of nearly 7%, while revenue of $1.69 billion topped expectations by 2.74% and climbed 17.5% year-over-year. T… Read more Coherent Corp. Delivered a strong fiscal second quarter, posting non-GAAP diluted EPS of $1.29 against a consensus estimate of $1.21, a beat of nearly 7%, while revenue of $1.69 billion topped expectations by 2.74% and climbed 17.5% year-over-year. The driving force behind the quarter was unmistakable: the Datacenter & Communications segment surged 34% year-over-year to $1.21 billion, now accounting for roughly 72% of total revenue as insatiable AI-driven demand for high-speed optical interconnects powered through the period. Non-GAAP gross margin expanded to 39.0%, and non-GAAP operating margin improved to 19.9% from 18.5% a year ago, reflecting the benefits of portfolio streamlining that included the completed sale of the Aerospace & Defense business. Coming off a 164% gain over the prior year, the stock rose roughly 7% on the results. Looking ahead, management guided Q3 revenue of $1.70 billion to $1.84 billion with non-GAAP EPS of $1.28 to $1.48, signaling sustained momentum through the second half of fiscal 2026.
Key Takeaways
- • Strong demand in datacenter and communications segment
- • Non-GAAP gross margin expansion of 77 basis points year-over-year to 39.0%
- • Non-GAAP operating margin improvement to 19.9%
- • Revenue increased 17% year-over-year reported, 22% pro forma adjusted for A&D divestiture
COHR YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
COHR Revenue by Segment
With YoY comparisons, source: SEC Filings
COHR Revenue by Geography
Regional revenue distribution
“We delivered strong year-over-year revenue growth in the December quarter, driven by another quarter of strong demand in our datacenter and communications segment. We expect continued strong growth in the second-half of fiscal 2026 and throughout fiscal 2027 based on strong datacenter and communications demand and our continued production capacity expansion along with improving demand in our Industrial segment.”
— Jim Anderson, Q2 2026 Earnings Press Release
COHR Earnings Trends
COHR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
COHR EPS Trend
Earnings per share: estimate vs actual
COHR Revenue Trend
Quarterly revenue: estimate vs actual
COHR Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 BEAT | $1.39 | $1.41 | +1.44% | $1.81B | +1.42% |
| Q2 26 BEAT | $1.21 | $1.29 | +6.61% | $1.69B | +2.74% |
| Q1 26 BEAT | $1.04 | $1.16 | +11.54% | $1.58B | +2.97% |
| Q4 25 BEAT FY | $0.92 | $1.00 | +8.70% | $1.53B | — |
| FY Full Year | $4.57 | $3.53 | -22.73% | $5.81B | +0.30% |
| Q3 25 BEAT | $0.86 | $0.91 | +5.81% | $1.50B | +3.97% |