COHR
Coherent Corp. Information Technology Optical Instruments & Lenses S&P 500Russell 3000
$210.32Close
$44.7BMarket cap
$128.70 – $426.8952-week range
Nov 4, 2026Next report · after the close
Highlights
Cautions
- Not in an uptrend 3 of 8 trend conditions
- Lagging the market RS 30 · weaker than 70% of stocks over 12 months
- Far from its high 51% below its 52-week high
- Results soon Nov 4, 2026, in 3 days
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
51%
1wk
up 0.5%
price change
1mo
down 26.9%
price change
12-month return
up 58%
market up 11% ·
its own up 41%
F-score
7 / 9
Strong
Altman Z
4.71
Low risk
P/E
56.8×
price / earnings
PEG
0.03
P/E / EPS growth
P/B
4.1×
price / book
Earnings yield
up 1.8%
EBIT / enterprise value
Cheaper than
31%
of the market · expensive
Revenue growth
up 23%
year on year
EPS growth
—
latest quarter
Sales growth
up 34%
latest quarter · +13 pts
ROE
up 10%
return on equity
Free cash margin
down 14%
-$1.0B FCF
D/E
0.29
long-term debt / equity
Net debt / EBITDA
1.5×
Interest cover
—EBIT / interest
Piotroski tests
- profits not fully backed by cash
- issued more shares
- profitable on its assets
- generating cash from operations
- profitability improving
- reduced long-term debt
- short-term liquidity improved
- gross margin widened
- assets working harder
Repair signals
- Long-term debt down 8% ($3.5B → $3.2B)
- Gross margin 35.2% → 37.5%
Trade setup
ATR%
9.7%
$20.50 a day · 2×ATR $169.31
RS
30 / 99
vs the universe
Trend
3 / 8
trend template
Relative volume
1.8×
vs 50-day average
Up/down volume
0.89
50 sessions
Implied move
12.8%
by Nov 6, 2026 · report Nov 4, 2026
Trend template · 3 of 8
- Price above the 150 and 200-day averages: fails
- 150-day average above the 200-day: passes
- 200-day average rising for a month: passes
- 50-day average above the 150 and 200-day: fails
- Price above the 50-day average: fails
- At least 30% above the 52-week low: passes
- Within 25% of the 52-week high: fails
- RS rank 70 or higher: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- Shareholders diluted The share count rose 23.7% over the year, from 172m to 213m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
- Profit not backed by cash Reported profit of $787.0M came with $79.5M of operating cash flow. Profit that cash does not follow is the classic signature of aggressive accounting.
Last reported
Aug 12, 2026
Last shock
Oct 22, 2026-13% in one session1.8× volumeno filing matched+1% since
Options
$72.2M84.9% IV · activity
Financials
- Gross 37%
- Net 11%
- Free cash -14%
- Cash
- Long-term debt
| FY2021Jun 30, 2021 | FY2022Jun 30, 2022 | FY2023Jun 30, 2023 | FY2024Jun 30, 2024 | FY2025Jun 30, 2025 | FY2026Jun 30, 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $3.1B | $3.3B | $5.2B | $4.7B | $5.8B | $7.1B |
| Gross margin | 38% | 38% | 31% | 31% | 35% | 37% |
| Operating income | $402.1M | $414.3M | -$37.1M | $96.1M | — | — |
| Net income | $297.6M | $235.0M | -$259.0M | -$159.0M | $30.0M | $787.0M |
| Net margin | 10% | 7% | -5% | -3% | 1% | 11% |
| Earnings per share | $2.59 | $2.02 | -$1.88 | -$1.05 | $0.19 | $4.03 |
| Free cash flow | $428.0M | $99.0M | $198.0M | $198.9M | $192.8M | -$1.0B |
| Free cash margin | 14% | 3% | 4% | 4% | 3% | -14% |
| Cash | $1.6B | $2.6B | $821.3M | $926.0M | $909.2M | $1.2B |
| Long-term debt | $1.3B | $1.9B | $4.2B | $4.0B | $3.5B | $3.2B |
| Shareholders' equity | $3.4B | $3.6B | $5.0B | $5.2B | $5.6B | $10.9B |
| Shares outstanding | 119.13m | 120.92m | 154.72m | 168.41m | 171.85m | 212.62m |
Next report
Nov 4, 2026 · after the close
Expected move The move, either way, the option market prices in through the next scheduled report: the at-the-money straddle for the first expiry that contains it, over the price. It includes the days around the report, so it slightly overstates the report alone. Methodology
±12.8%
$185 – $240 by Nov 6, 2026
Usual move The median, over the company's last four reports, of how far the stock moved either way from the close before the filing to the close of the session after it. Methodology
±6.8%
last 4: -0.4% · -4.9% · -8.7% · +23.8%
Expected against usual The move the options price through this report over the move the last four reports delivered. Above 1 the event is priced bigger than the company's own record; below 1, smaller. A price, not a forecast: it says what protection through the report costs, not which way the stock will go. Methodology
Bigger than usual
1.9× the usual move
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $172 – $253 ±19.1% by Nov 27, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- About the same 84.9% priced · 92.9% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- Choppier
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs more
Positioning
- Premium traded
- $72.2M calls $29.4M · puts $42.9M · latest session
- 1.46× -8.22 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls -11.59k · puts -1.91k past week
For options traders: ATM IV 84.9% (+2.1% 1w) · 1m ÷ 3m IV 1.17 · 25Δ skew 4.2 pts · Net GEX -$20.9M
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 14, 2026 | Annual ↗ | Jun 30, 2026 | 45d |
| May 6, 2026 | Quarterly ↗ | Mar 31, 2026 | 36d |
| Feb 4, 2026 | Quarterly ↗ | Dec 31, 2025 | 35d |
| Nov 5, 2025 | Quarterly ↗ | Sep 30, 2025 | 36d |
| Aug 15, 2025 | Annual ↗ | Jun 30, 2025 | 46d |
| May 7, 2025 | Quarterly ↗ | Mar 31, 2025 | 37d |
| Feb 5, 2025 | Quarterly ↗ | Dec 31, 2024 | 36d |
| Nov 6, 2024 | Quarterly ↗ | Sep 30, 2024 | 37d |
| Aug 16, 2024 | Annual ↗ | Jun 30, 2024 | 47d |
| May 7, 2024 | Quarterly ↗ | Mar 31, 2024 | 37d |
| Feb 6, 2024 | Quarterly ↗ | Dec 31, 2023 | 37d |
| Nov 7, 2023 | Quarterly ↗ | Sep 30, 2023 | 38d |
Current reports
| Filed | Disclosed |
|---|---|
| Aug 31, 2026 | Director or officer change · Other events ↗ |
| Aug 12, 2026 | Results · Regulation FD ↗ |
| May 6, 2026 | Results · Regulation FD ↗ |
| Apr 28, 2026 | Director or officer change ↗ |
| Mar 2, 2026 | Unregistered share sale · Regulation FD ↗ |
| Feb 4, 2026 | Results · Regulation FD ↗ |
| Dec 16, 2025 | Other events ↗ |
| Nov 21, 2025 | Other events ↗ |
| Nov 17, 2025 | Shareholder vote ↗ |
| Nov 5, 2025 | Results · Regulation FD ↗ |
| Sep 26, 2025 | Material agreement · New obligation ↗ |
| Aug 13, 2025 | Results · Regulation FD ↗ |