COHERENT CORP.

Coherent Corp. has been recognized on TIME’s list of America’s Best Companies 2026, an award presented in collaboration with Statista. This prestigious recognition is based on three key dimensions: Employee Satisfaction, Financial Performance, and Sustainability Transparency. CEO Jim Anderson and CPO Grace Lee highlighted the dedication of their global teams and commitment to an inclusive, high-performance culture as key drivers for this achievement.

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.

Coherent Corp. reported strong financial results for its third quarter of fiscal year 2026, with revenue reaching $1.81 billion, a 21% year-over-year increase. GAAP diluted EPS was $0.97, and non-GAAP diluted EPS was $1.41, both showing significant year-over-year growth. The company attributed this performance to robust demand in its datacenter and communications businesses, particularly driven by AI infrastructure scaling. Coherent also provided an optimistic outlook for Q4 FY26, projecting revenue between $1.91 billion and $2.05 billion and non-GAAP EPS between $1.52 and $1.72.

Coherent Corp. announced that Giovanni Barbarossa will transition from his role as Chief Strategy Officer, effective April 27, 2026. He plans to retire in September 2026. In the interim, Dr. Barbarossa will serve as a Special Advisor to the Chief Executive Officer until his retirement date, which is yet to be finalized.

Coherent Corp. announced it will release its financial results for the quarter ended March 31, 2026, on Wednesday, May 6, after the New York Stock Exchange closes. Following the release, the company will host a live audio webcast at 4:30 p.m. ET to discuss the results. Investors are invited to join the webcast via the company's investor relations website, with a replay available within 24 hours.

Coherent Corp. announced significant advancements in its silicon carbide (SiC) epitaxy capabilities, enabling the production of power devices up to 10kV. These new 150mm and 200mm thick epitaxy platforms are designed to meet the escalating demand for more efficient, higher-voltage power systems in rapidly growing sectors such as AI datacenters, renewable energy, and industrial electrification. The enhanced technology allows customers to develop more compact and energy-efficient power conversion systems, addressing critical needs for high-capacity uninterruptible power supplies and advanced power distribution. This strategic expansion reinforces Coherent's leadership in wide-bandgap semiconductor materials and supports key markets including industrial, automotive, and energy.