Coherent Corp Reports Record Revenue and Aggressive 2027 Guidance

Coherent Corp reported fourth-quarter financial results that exceeded Wall Street expectations, with revenue reaching $2.05 billion, a 34% increase year-over-year. The company reported adjusted earnings per share of $1.74 and provided aggressive guidance for the first quarter of fiscal 2027, projecting revenue between $2.2 billion and $2.4 billion and adjusted EPS between $1.85 and $2.05.

Despite these figures surpassing analyst consensus, shares of the photonics company declined 5% after the announcement. This drop reversed an 8% gain earlier in the day that had been driven by strong results from peer Lumentum.

CEO Jim Anderson characterized fiscal 2026 as an outstanding year marked by record revenue and significant margin expansion. He noted that the company enters fiscal 2027 with exceptional customer demand and expanding production capacity. CFO Sherri Luther attributed the expansion of gross margins to strong operational execution.