NYSE$COHR
Coherent Corp · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Coherent Corp reported record Q4 FY2025 revenue of $1.53 billion with non-GAAP EPS of $1.00.
Coherent Corp delivered strong Q4 and full year fiscal 2025 results driven by AI datacenter demand. Revenue grew 16% year-over-year in the quarter and 23% for the full year. The company achieved significant gross margin expansion and improved non-GAAP profitability while advancing its portfolio optimization.
- Q4 revenue reached a record $1.53B, up 16% Y/Y, with full year revenue of $5.81B, up 23% Y/Y.
- Non-GAAP gross margin expanded to 38.1% in Q4 and 37.9% for FY25, with non-GAAP EPS of $1.00 and $3.53 respectively.
- Company initiated shipments of 1.6T datacom transceivers and optical circuit switches for AI datacenters.
- Provided Q1 FY26 guidance of $1.46B-$1.60B revenue and $0.93-$1.13 non-GAAP EPS, excluding Aerospace and Defense business post-sale.
Headline financials
Revenue & EPS history
Coherent · Revenue · Quarterly
$1.53B
Revenue by segment
Coherent · $1.53B total across 3 segments · Q4 2025
- Networking$945M—61.8%
- Lasers$348M—22.8%
- Materials$236M—15.4%
Forward guidance
Q1 FY2026 revenue expected between $1.46B and $1.60B excluding ~$20M A&D revenue post-sale; non-GAAP gross margin 37.5%-39.5%; non-GAAP EPS $0.93-$1.13.
Tailwinds
- Continued AI datacenter growth drivers
- Portfolio optimization via A&D sale
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 Q4 2025
+0.8%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+2.1%
Avg return
30 days after
53%
36 / 68 earnings
Positive
+18.1%
Q1 2026
Best reaction
-30.7%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (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% | |
| Q4 2025 | -19.6% | -23.0% | -9.7% | |
| 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% | — | — | |
| Q3 2013 | -6.2% | — | — | |
| Q4 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 2011 | +4.2% | — | — | |
| Q3 2010 | +4.2% | — | — | |
| Q2 2011 | -0.8% | — | — | |
| Q2 2010 | -0.8% | — | — | |
| Q1 2011 | -2.4% | — | — | |
| Q1 2010 | -2.4% | — | — | |
| Q4 2010 | -2.4% | — | — |
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