Coherent Revenue, Net Income & 10-K Summary

What the company does

Vertically integrated manufacturer of lasers, transceivers, and other optical and optoelectronic devices, modules, and systems, plus engineered materials.
Serves data center, communications, and industrial markets.
Develops, manufactures, and markets products and related software, often developed in-house.
Maintains control over materials growth, fabrication, and integration from substrates to finished subsystems.

Effective July 1, 2025, realigned into two reportable segments:
- Datacenter & Communications
- Industrial
Historical results previously reported across three segments (Networking, Materials, Lasers) have been restated to the two-segment structure.

Datacenter Market Vertical: AI/datacenter connectivity, transceivers, co-packaged optics (CPO), optical circuit switches (OCS), silicon photonics, VCSELs, EELs, ICs, isolators, thermoelectric coolers; expansion of InP 6-inch manufacturing; strategic partnerships (e.g., with NVIDIA) and CHIPS Act-related support.
Communications Market Vertical: High-speed optical communications, transceivers, transport products, optical amplifiers, passive components, optical line systems, DCI solutions; focus on AI networking and future high-bandwidth needs.

Precision Manufacturing: Industrial lasers and optical components for medical devices, tooling, EV battery welding, additive manufacturing.
Semiconductor Capital Equipment: Lasers and materials (e.g., GaAs/InP-based lasers, excimer/CO2 lasers) used in semiconductor processes and advanced packaging.
Display Capital Equipment: UV/DUV lasers for display manufacturing and microLED production.
Life Sciences: Instrumentation with illumination, thermal management, and detection for biotech and medical applications.
Scientific Research: CW and ultrafast lasers for microscopy and research.
Consumer Electronics: GaAs VCSELs, InP edge-emitting lasers, VCSEL arrays for sensing and other consumer applications.
Automotive: SiC substrates for RF/HEMT and related components used in 4G/5G/6G infrastructure and automotive sensing.

Global footprint with U.S. and international sites for production, R&D, and sales.
U.S. principal operations: California, Connecticut, Delaware, New Jersey, Pennsylvania, Texas.
Non-U.S. principal operations: China, Finland, Germany, Malaysia, Philippines, Singapore, South Korea, Sweden, Switzerland, United Kingdom, Vietnam.
Sales/subsidiaries in Belgium, Canada, France, Israel, Italy, Japan, Netherlands, Taiwan.
Notable facilities (examples): Sherman, TX; Easton, PA; Saxonburg, PA; Santa Clara, CA; Newark, DE; Fremont, CA (some owned, some leased).

Approximately 51,000 employees worldwide as of June 30, 2026.
Employee mix (approximate): Manufacturing ~45,775 (89%), R&D ~3,344 (6%), Sales/General & Admin ~2,359 (5%).
Globally, about 47% of the workforce are women.

Emphasizes trade secrets and IP protection across patents, trademarks, and copyrights.
As of June 30, 2026: about 3,160 issued patents and 1,280 patent applications pending globally.

Two customers each contributed more than 10% of revenue in fiscal 2026, creating customer concentration risk.

Engages in partnerships and strategic actions tied to AI/datacenter growth and CHIPS Act support.
Focuses on risk management, supply-chain diversification, and a portfolio spanning materials, devices, and systems to support large-scale, high-performance applications.