Coherent Revenue Jumps 23% as Company Expands into AI Subsystems

Key Facts

1Coherent's FY2026 revenue rose 23% to $7.12 billion.

2FY2027 is fully booked as the company expands six-inch Indium Phosphide (InP) capacity.

3Operating cash flow of $80 million remains a critical weakness for the company.

Coherent's FY2026 revenue rose 23% to $7.12 billion, according to Seeking Alpha. The company has fully booked its order capacity for fiscal year 2027 as it expands production of six-inch Indium Phosphide (InP) chips.

The company is transitioning from individual components to integrated optical subsystems via PhotonLink to increase its footprint in AI data centers. While growth remains strong, operating cash flow of $80 million continues to be a critical weakness. COHR closed at $287.81 on September 30, 2026.