Quarterly ResultMay 6, 2026, 04:18 PM
Coherent Corp. Q3 Net Earnings $191.4M; EPS $1.01; Preferred Stock Converted
AI Summary
Coherent Corp. reported a significant financial turnaround for the three months ended March 31, 2026, with net earnings attributable to common shareholders of $191.4 million, reversing a loss from the prior year. Revenues increased by 20.6% to $1.81 billion, driven by strong growth in the Datacenter & Communications segment. The company also completed the conversion of its Series B preferred stock to common stock and issued $2 billion in common shares, significantly strengthening its equity base and reducing debt.
Key Highlights
- Net earnings available to common shareholders were $191.4M for Q3 2026, up from a $(17.0)M loss in Q3 2025.
- Diluted EPS was $0.97 for Q3 2026, a significant improvement from $(0.11) in Q3 2025.
- Total revenues increased 20.6% to $1.81B for Q3 2026, compared to $1.50B in Q3 2025.
- Datacenter & Communications segment revenue grew 40.6% to $1.36B in Q3 2026.
- Series B redeemable convertible preferred stock, valued at $2.51B, was converted to common stock.
- Proceeds from issuance of common shares totaled $2.00B for the nine months ended March 31, 2026.
- Long-term debt decreased to $3.18B as of March 31, 2026, from $3.50B at June 30, 2025.
- Completed sale of aerospace and defense business for approx. $400M, recording a $115M gain.