Reading the tape
NYSE: COHR
Coherent, Inc.
Technology · Hardware, Equipment & Parts
Market Cap
$48.76B
52w High
$310.98
52w Low
$50.81
P/E
162.95
Volume
7.23M
Outstanding Shares
158.58M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 454.65%Revenue (TTM): 18.63%FCF (TTM): -145.19%P/E: 93rd pct
What changed
The stock rose 454.65% over the last year. Revenue grew 18.63% over the trailing twelve months. Operating margin moved from 6.7% to 10.74%. Free cash flow declined 145.19% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/E range (93rd percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 10.74% — continued expansion would be needed to justify the premium. Revenue growth of 18.63% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of commercial, industrial, and scientific research applications.
CEOJames Robert Anderson
SectorTechnology
IndustryHardware, Equipment & Parts
Employees26,157
IPO dateOct 2, 1987
Valuation
Forward P/E—
EV/EBITDA15.19
Enterprise value$16.79B
Stock splits
Jun 27, 2011↑ Forward
Every 1 shares became 2
Mar 23, 2005↑ Forward
Every 1 shares became 2
Sep 21, 2000↑ Forward
Every 1 shares became 2
Sep 8, 1995↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth17.52%
Gross margin36.38%▲14.49%vs FY2024
Operating margin10.74%▲261.10%vs FY2024
ROE0.61%▲129.46%vs FY2024
Analyst consensus
RatingBuy
Target price$217.86▼29.15%
24
Buy
5
Hold
0
Sell
⚠ Analyst ratings tend to be lagging indicators — upgrades often follow price gains rather than precede them. Use as one signal among many.
Earnings
Last 3 reported quarters plus the next estimate. Switch into compare mode to inspect one metric year-over-year.
Next report
May 6, 2026
View
EPS
Actual vs estimate by quarter
Q3FY25
ActualEst.
$1.00
$0.92
Q4FY25
ActualEst.
$1.16
$1.04
Q1FY26
ActualEst.
$1.29
$1.21
Q2FY26
Next Est.
—
Revenue
Actual vs estimate by quarter
Q3FY25
ActualEst.
$1.53B
$1.55B
Q4FY25
ActualEst.
$1.58B
$1.55B
Q1FY26
ActualEst.
$1.69B
$1.64B
Q2FY26
Next Est.
—
Congressional Activity
Congress Trades in COHR
STOCK Act disclosures from senators and representatives.
Gilbert Cisneros
CAhousePurchase2026-03-25$1,001 - $15,000+14d to disclose
Markwayne Mullin
OKsenateSaleJoint2026-02-04$15,001 - $50,000+26d to discloseMarkwayne Mullin
OKsenateSale (Full)Spouse2025-12-18$15,001 - $50,000+25d to discloseMarkwayne Mullin
OKsenateSale (Full)Self2025-12-18$15,001 - $50,000+25d to discloseMarkwayne Mullin
OKsenateSaleSpouse2025-12-18$15,001 - $50,000+26d to discloseMarkwayne Mullin
OKsenateSaleSelf2025-12-18$15,001 - $50,000+26d to disclose