COHR

EX-99.1

2 d128030dex991.htm

EX-99.1

EX-99.1

Exhibit 99.1

Coherent Corp.

375 Saxonburg Blvd.

Saxonburg, PA 16056-9499

PRESS RELEASE

COHERENT CORP. REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2026 RESULTS

•

Q4 REVENUE OF $2.05B, INCREASED 34% Y/Y AND 42% Y/Y ON A PRO FORMA BASIS

•

Q4 GAAP GROSS MARGIN OF 38.5%, INCREASED 277 bps Y/Y; Q4 NON-GAAP GROSS MARGIN OF 40.2%, INCREASED 215 bps Y/Y

•

Q4 GAAP EPS OF $1.19, INCREASED $2.02 Y/Y; Q4 NON-GAAP EPS OF $1.74,

INCREASED $0.74 Y/Y

SAXONBURG, Pa., August 12, 2026 – Coherent Corp. (NYSE: COHR) (“Coherent,” “We,” or the “Company”), a global leader in photonics, announced financial results today for its fiscal fourth quarter and full year fiscal 2026 ended June 30, 2026.

Revenue for the fourth quarter of fiscal 2026 was $2.05 billion, with GAAP gross margin of 38.5% and GAAP net income of $1.19 per diluted share. On a non-GAAP basis, gross margin was 40.2% with net income per diluted share of $1.74.

“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,” said Jim Anderson, CEO. “We enter fiscal 2027 with exceptional customer demand, expanding production capacity, and multiple new growth platforms beginning to ramp. As AI datacenter architectures increasingly transition from copper to optical connectivity, we believe Coherent’s broad photonic technology portfolio and manufacturing scale uniquely position us to deliver accelerating growth and capitalize on this multi-year opportunity.”

Sherri Luther, CFO, said, “Strong operational execution across our business drove meaningful gross margin expansion and converted our top-line revenue growth into robust GAAP and non-GAAP EPS growth. As we enter fiscal 2027, we remain disciplined in our capital allocation, prioritizing investments to expand manufacturing capacity so we can efficiently fulfill the ongoing acceleration in customer demand.”

1

Selected Fourth Quarter and Full Year 2026 Financial Results and Comparisons (in millions, except percentages and per share data)

Table 1

GAAP Financial Results (unaudited)

Q4 FY26

Q3 FY26

Q4 FY25

Q/Q

Y/Y

FY 2026

FY 2025

FY/FY

Revenues

$ 2,046

$ 1,806

$ 1,529

13.3 %

33.8 %

$ 7,118

$ 5,810

22.5 %

Gross Margin %

38.5 %

37.7 %

35.7 %

82 bps

277 bps

37.5 %

35.2 %

233 bps

R&D Expense %

10.6 %

10.3 %

10.2 %

28 bps

40 bps

10.2 %

10.0 %

14 bps

SG&A Expense %

13.0 %

14.8 %

16.0 %

(180 ) bps

(302 ) bps

14.7 %

15.9 %

(127 ) bps

Operating Expenses

$ 533

$ 479

$ 540

11.2 %

(1.3 )%

$ 1,771

$ 1,753

1.0 %

Operating Income(1)

$ 254

$ 201

$ 6

26.5 %

4063.9 %

$ 898

$ 290

209.7 %

Operating Margin

12.4 %

11.1 %

0.4 %

130 bps

1,202 bps

12.6 %

5.0 %

762 bps

Net Earnings Attributable to Coherent Corp.

$ 241

$ 191

$ (96 )

25.8 %

(351.6 )%

$ 805

$ 49

1530.8 %

Diluted Earnings (Loss) Per Share

$ 1.19

$ 0.97

$ (0.83 )

$ 0.22

$ 2.02

$ 4.12

$ (0.52 )

$ 4.64

(1)

Operating Income is defined as earnings (loss) before income taxes, interest expense, and other expense or income, net.

Selected Fourth Quarter and Full Year 2026 Financial Results and Comparisons (in millions, except percentages and per share data)

Table 1, continued

Non-GAAP Financial Results (unaudited)(1)(2)

Q4 FY26

Q3 FY26

Q4 FY25

Q/Q

Y/Y

FY 2026

FY 2025

FY/FY

Revenues

$ 2,046

$ 1,806

$ 1,529

13.3 %

33.8 %

$ 7,118

$ 5,810

22.5 %

Gross Margin %

40.2 %

39.6 %

38.1 %

66 bps

215 bps

39.4 %

37.9 %

152 bps

R&D Expense %

10.2 %

9.9 %

9.8 %

30 bps

39 bps

9.7 %

9.5 %

20 bps

SG&A Expense %

8.2 %

9.4 %

10.3 %

(116 ) bps

(205 ) bps

9.2 %

10.5 %

(130 ) bps

Operating Expenses

$ 377

$ 348

$ 307

8.2 %

22.7 %

$ 1,350

$ 1,165

15.8 %

Operating Income

$ 446

$ 366

$ 275

21.8 %

62.1 %

$ 1,457

$ 1,037

40.5 %

Operating Margin

21.8 %

20.3 %

18.0 %

152 bps

381 bps

20.5 %

17.8 %

262 bps

Net Earnings Attributable to Coherent Corp.

$ 351

$ 276

$ 192

27.2 %

82.7 %

$ 1,097

$ 693

58.3 %

Diluted Earnings Per Share

$ 1.74

$ 1.41

$ 1.00

$ 0.33

$ 0.74

$ 5.61

$ 3.53

$ 2.08

(1)

During the second fiscal quarter of 2025, the Company refined its methodology to report non-GAAP measures. The change does not impact the Company’s financial position, cash flows, or GAAP consolidated results of operations. Prior period non-GAAP financial measures presented in this press release have been recast to conform to the current presentation.

(2)

The Company has disclosed financial measurements in this earnings release that present financial information that are considered to be non-GAAP financial measures. These measurements are not a substitute for GAAP measurements, although the Company’s management uses these measurements as an aid in monitoring the Company’s on-going financial performance. The non-GAAP net earnings attributable to Coherent Corp., the non-GAAP diluted earnings

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8-K

false 0000820318 0000820318 2026-02-04 2026-02-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 4, 2026

Coherent Corp. (Exact name of registrant as specified in its charter)

Pennsylvania

001-39375

25-1214948

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.) 375 Saxonburg Boulevard Saxonburg, Pennsylvania 16056 (Address of Principal Executive Offices) (Zip Code) (724) 352-4455 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, no par value

COHR

New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On February 4, 2026, Coherent Corp. (the “Company”) issued a press release (“Press Release”), a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 furnished pursuant to Item 9.01, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities under that Section. Furthermore, the information in this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 furnished pursuant to Item 9.01, shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933.

Item 7.01. Regulation FD Disclosure.

A slide presentation to be used by senior management of the Company in connection with its discussions with investors and others regarding the financial results is furnished as Exhibit 99.2. The information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.2 furnished pursuant to Item 9.01, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities under that Section. Furthermore, the information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.2 furnished pursuant to Item 9.01, shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933.

Item 9.01 Financial Statements and Exhibits.

(d)  Exhibits

Exhibit No.

Description

99.1

Press Release dated February 4, 2026

99.2

Investor Presentation

104.0

Cover Page Interactive Data File (embedded within the inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Coherent Corp.

Date: February 4, 2026

By:

/s/ Sherri Luther

Sherri Luther

Chief Financial Officer and Treasurer