StocksMediumUpdated×2•Originally published 4 November 2026•Updated 4 November 2026•
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Coherent Stock Rallies on Strong Q1 Results and Positive Guidance
Key Facts
1Coherent stock rallied following the company's report of solid Q1 financial results and strong forward guidance.
Coherent reported non-GAAP EPS of $2.09 and revenue of $2.37 billion for its fiscal first quarter. Benzinga reported that these results exceeded expectations, and the company issued strong guidance for the next quarter with a revenue midpoint of $2.65 billion.
The financial performance confirms a recovery trend within the optical networking sector and supported the stock's recent momentum. COHR closed at $207.49 on November 3, 2026, after reaching a session high of $213.99 on the same day.
Latest Updates · 1
- Notable·
Update: Financial data revealed that Coherent's capital expenditures surged 7.5x to reach $776 million. This spending expansion coincided with a 79% growth in datacenter segment sales during the first quarter.