NYSE$COHR

Coherent Corp · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Coherent reported fiscal Q3 2025 revenues of $1.50B with a net loss to common shareholders of $17.0M and diluted EPS of $(0.11).

Revenues increased 24% to $1.50 billion, led by datacom and AI-related demand. The company reported a net loss available to common shareholders of $17.0 million, or $0.11 per share, with preferred dividends and restructuring charges in the quarter.

  • Q3 revenues $1.50B (+24% YoY).
  • Net loss to common $17.0M; EPS $(0.11).
  • Datacom and industrial laser demand.
  • Restructuring and preferred dividend drag.

Headline financials

Total Revenue

$1.5B

Previous: $1.21B+23.9%
EPS (adj)

-$0.11

Previous: -$0.29+62.1%
GAAP Gross Margin

35.2%

Previous: 30.3%+16.2%
Non-GAAP Gross Margin

38.5%

Previous: 33.6%+14.6%
GAAP Operating Margin

4.8%

Previous: 1.8%+166.7%
Non-GAAP Operating Margin

18.6%

Previous: 12.6%+47.6%
Capital Expenditures

-$309M

Previous: -$247M-25.3%
Net Income

$15.7M

Previous: -$13.2M+219.1%
Operating Income

$71.8M

Previous: $22.3M+221.9%
Gross Profit

$528M

Previous: $366M+44.0%

Revenue & EPS history

Coherent · Revenue · Quarterly

$1.5B

Q3 2025+23.9%vs Q3 2024
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

Semiconductor and life-science equipment suppliers discuss end-market demand, design wins, and R&D; formal EPS guidance is often absent from the 10-Q.

Tailwinds

  • Datacom, industrial, or healthcare demand drivers.
  • New product ramps and share gains.
  • Cost actions and restructuring savings.

Headwinds

  • Inventory corrections and customer pushouts.
  • Input costs and supply chain risk.
  • Cyclical capex from key customers.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+1.1%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+2.4%

Avg return

30 days after

54%

36 / 67 earnings

Positive

+18.1%

Q1 2026

Best reaction

-30.7%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-7.8%+8.5%+9.3%
Q2 2026-0.8%+8.2%+11.7%
Q1 2026+18.1%+17.4%+35.0%
Q3 2025+1.5%+13.3%+14.5%
Q2 2025+11.5%-2.9%-26.1%
Q1 2025+17.0%+11.9%+18.9%
Q4 2024+14.4%+17.3%+16.4%
Q3 2024-2.1%-5.0%+18.1%
Q2 2024+0.6%+26.9%+31.7%
Q1 2024-0.1%+3.4%+18.7%
Q4 2023-30.7%-27.6%-29.1%
Q3 2023-8.6%-9.8%+22.0%
Q2 2023-2.4%-2.3%-12.2%
Q1 2023+17.2%+26.5%+18.0%
Q4 2022-2.2%-9.6%-33.0%
Q2 2022-0.8%-1.3%-6.5%
Q3 2022+6.1%+6.1%-0.6%
Q1 2022+5.3%+4.2%+1.2%
Q4 2021+0.6%+2.5%+5.0%
Q3 2021-1.6%-4.2%-5.4%
Q2 2021-4.6%-1.4%+8.7%
Q1 2021+5.9%-4.4%-24.0%
Q4 2020+3.5%+5.1%+21.7%
Q3 2020+1.3%+0.1%-24.2%
Q2 2020+1.0%+2.8%+5.0%
Q1 2020-0.6%-1.3%-17.1%
Q4 2019+3.0%+1.4%-17.7%
Q3 2019-2.5%-8.3%-8.2%
Q2 2019-4.2%+3.8%-17.2%
Q1 2019-0.8%+12.7%+27.0%
Q4 2018+2.8%-15.5%-22.3%
Q3 2018-6.2%-7.8%+19.5%
Q2 2018+13.1%+13.3%+15.4%
Q1 2018-5.5%-7.1%+3.2%
Q4 2017+4.4%+12.3%+3.8%
Q3 2017-5.0%-7.2%-5.9%
Q2 2017+6.9%+4.9%+8.2%
Q1 2017+5.9%+8.3%-2.3%
Q4 2016+0.0%+2.4%+7.2%
Q3 2016+0.3%+0.7%+5.7%
Q2 2016+0.5%
Q1 2016+6.7%
Q4 2015+1.1%
Q3 2015-0.3%
Q2 2015-7.3%
Q1 2015+2.7%
Q4 2014+1.3%
Q3 2014+1.0%
Q2 2014+1.7%
Q1 2014-5.5%
Q4 2013-6.2%
Q3 2013-6.2%
Q2 2013+4.4%
Q1 2013+2.4%
Q4 2012-1.7%
Q3 2012+6.0%
Q2 2012-0.1%
Q1 2012+2.2%
Q4 2009+7.6%
Q4 2011+7.6%
Q3 2010+4.2%
Q3 2011+4.2%
Q2 2010-0.8%
Q2 2011-0.8%
Q1 2010-2.4%
Q1 2011-2.4%
Q4 2010-2.4%

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