Every material Form 8-K Coherent has filed with the SEC since October 22, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Coherent Corp. reported its first quarter fiscal 2027 financial results, posting revenue of $2.37 billion and GAAP diluted earnings per share of $1.90. Driven by strong datacenter demand and operational improvements, management raised longer-term gross margin targets and issued positive guidance for the second quarter.
Q1 revenue reached $2.37 billion, representing a 50% increase year-over-year.
Q1 GAAP diluted EPS was $1.90, compared to $1.19 in the same period last year.
Q2 fiscal 2027 revenue is expected to be between $2.55 billion and $2.75 billion.
Coherent's Compensation Committee approved special performance stock units (PSUs) on August 27, 2026, for five senior leaders, including CEO James R. Anderson with a $50 million target value. The awards are not part of the regular pay program, and they vest only if stock price hurdles from $454.43 to $757.77 are met alongside relative total shareholder return above the 50th percentile, with a four-year performance period and a one-year holding period after that.
Total target value of about $100 million: Anderson $50 million, CFO Sherri Luther $15 million, Julie Eng $15 million, Rob Beard $15 million, Jeffrey Place $5 million
Four stock price hurdles range from $454.43 (10% of target earned) to $757.77 (200% earned), measured over 60 consecutive calendar days
Awards may vest only after the four-year Performance Period ends, and vested shares cannot be traded for five years from the grant date
Forfeiture applies to unearned PSUs on voluntary resignation, termination for cause, or termination without cause before milestones are met, including death or disability
Coherent reported fourth-quarter fiscal 2026 revenue of $2.05 billion, up 34% from a year earlier, and GAAP diluted earnings of $1.19 per share, compared with a loss of $0.83 per share in the same quarter last year. The company also guided first-quarter fiscal 2027 revenue to $2.2 billion to $2.4 billion and non-GAAP EPS to $1.85 to $2.05.
Q4 fiscal 2026 revenue was $2.05 billion, up 34% year over year and up 13.3% from the prior quarter.
GAAP gross margin was 38.5%, up 277 basis points year over year; non-GAAP gross margin was 40.2%.
Q4 non-GAAP diluted EPS was $1.74, up $0.74 from $1.00 a year earlier.
Q1 fiscal 2027 guidance: revenue of $2.2 billion to $2.4 billion and non-GAAP EPS of $1.85 to $2.05.
Coherent reported third-quarter fiscal 2026 revenue of $1.81 billion, up 21% from a year earlier, with GAAP diluted earnings per share of $0.97 versus a loss of $0.11 a year earlier. The company also projected fourth-quarter revenue of $1.91 billion to $2.05 billion and non-GAAP EPS of $1.52 to $1.72, which gives shareholders a current view of expected near-term results.
Q3 fiscal 2026 revenue was $1.81 billion, up 21% year over year and up 27% on a pro forma basis.
GAAP diluted EPS was $0.97 versus a loss of $0.11 in Q3 fiscal 2025; non-GAAP diluted EPS was $1.41 versus $0.91.
GAAP gross margin was 37.7%, up 243 basis points year over year; non-GAAP gross margin was 39.6%.
Fourth-quarter fiscal 2026 guidance: revenue of $1.91 billion to $2.05 billion and non-GAAP EPS of $1.52 to $1.72.
Coherent Corp. said its Chief Strategy Officer, Giovanni Barbarossa, notified the company on April 27, 2026, that he is stepping down from that role effective that day and plans to retire in September 2026. He will remain with the company as a Special Advisor to the CEO until his retirement, with the retirement date to be set later.
Barbarossa's role as Chief Strategy Officer ended effective April 27, 2026 (the Transition Date)
He will serve as Special Advisor to the Chief Executive Officer until his retirement
Retirement is planned for September 2026, with the exact date to be determined later
Coherent reported fiscal second-quarter 2026 results for the quarter ended December 31, 2025, with revenue of $1.69 billion, up 17% from a year earlier, and GAAP diluted EPS of $0.76, up 71%. The company also gave third-quarter fiscal 2026 guidance of $1.70 billion to $1.84 billion in revenue and non-GAAP EPS of $1.28 to $1.48, and said it closed the sale of its Munich materials-processing tools business at the end of January.
Q2 revenue of $1.69 billion, up 17% year over year and up 22% on a pro forma basis adjusted for the sale of the aerospace and defense business
Q2 GAAP diluted EPS of $0.76, up 71%; non-GAAP diluted EPS of $1.29, up 35%
Q3 fiscal 2026 outlook: revenue of $1.70 billion to $1.84 billion; non-GAAP EPS of $1.28 to $1.48
Industrial segment revenue of $477.6 million in Q2, down from $530.1 million a year earlier; Datacenter & Communications revenue rose to $1.21 billion from $904.6 million
Coherent Corp. reported first quarter fiscal 2026 revenue of $1.58 billion, up 17% from a year earlier, with GAAP diluted EPS of $1.19 versus a loss of $0.04 a year earlier. The company also gave second quarter revenue guidance of $1.56 billion to $1.70 billion and non-GAAP EPS guidance of $1.10 to $1.30, and it closed the sale of its Aerospace and Defense business.
Q1 revenue $1.58 billion, up 17.3% year over year; 19% on a pro forma basis, adjusted for the Aerospace and Defense sale
Q1 GAAP diluted EPS $1.19 versus $(0.04) a year earlier; non-GAAP diluted EPS $1.16, up from $0.67
Q2 fiscal 2026 guidance: revenue $1.56 billion to $1.70 billion; non-GAAP EPS $1.10 to $1.30
Paid down $400 million of debt in the quarter and refinanced its debt; Q1 GAAP net earnings include a $115.2 million gain on the business sale
Coherent amended its credit agreement on September 26, 2025, refinancing its revolving credit commitments and replacing its existing term A loans with a new $1.25 billion incremental term A loan. A separate amendment replaced its term B-2 loans with $1,080,000,000 of new term B-3 loans at a 1.75% margin for term benchmark loans. The filing describes the debt as refinanced and extended, with maturities generally set for September 26, 2030, which affects the company's debt structure and borrowing costs for shareholders.
Total revolving credit facility increased to $700 million, with the revolver and new term A loans maturing on the earlier of September 26, 2030 or a springing maturity date
$1.25 billion in new incremental term A loans used to repay existing term A loans and make a voluntary prepayment of part of the term B-2 loans
Term B-3 loans of $1,080,000,000 replaced the outstanding term B-2 loans, with a 1.75% margin for term benchmark loans and a 0.50% floor
Financial covenant reset to a maximum total net leverage ratio of 4.25 to 1.00, with a temporary step-up to 4.75 to 1.00 after a material acquisition
Coherent Corp. reported fiscal fourth-quarter and full-year 2025 results for the period ended June 30, 2025. Full-year revenue rose 23% to $5.81 billion, and the GAAP loss per share narrowed to $0.52 from $1.84 a year earlier, but the fourth-quarter GAAP loss of $0.83 per share was wider than the $0.11 loss in the prior quarter. The company also expects the sale of its Aerospace and Defense business to close in the first quarter of fiscal 2026.
Full-year fiscal 2025 revenue of $5.81 billion, up 23.4% from $4.71 billion; fourth-quarter revenue a record $1.53 billion
Full-year GAAP loss of $0.52 per diluted share, improved $1.32; non-GAAP diluted EPS of $3.53, improved $2.32
First quarter fiscal 2026 outlook: revenue of $1.46 billion to $1.60 billion and non-GAAP EPS of $0.93 to $1.13
Coherent Corp. reported fiscal third-quarter 2025 results for the quarter ended March 31, 2025, with revenue of $1.50 billion, up 24% from a year earlier. GAAP results remained a loss of $0.11 per diluted share, though that was an improvement from a loss of $0.29 a year earlier, and the quarter included $73.8 million in restructuring charges. The company also issued fourth-quarter fiscal 2025 guidance, which shareholders can compare with these results.
Q3 revenue was $1.50 billion, up 23.9% year over year, with networking revenue of $897.3 million.
GAAP diluted loss per share was $(0.11), compared with $(0.29) in the year-ago quarter; non-GAAP diluted EPS was $0.91, compared with $0.38.
Restructuring charges were $73.8 million in the quarter, compared with $8.0 million in the prior quarter.
Fourth-quarter fiscal 2025 guidance calls for revenue of $1.425 billion to $1.575 billion and non-GAAP EPS of $0.81 to $1.01.
Coherent Corp. reported fiscal second-quarter 2025 results for the quarter ended December 31, 2024, with revenue of $1.43 billion, up 27% from a year earlier, and GAAP diluted earnings of $0.44 per share, compared with a loss of $0.38 per share in the prior-year quarter. The company also gave third-quarter fiscal 2025 revenue guidance of $1.39 billion to $1.48 billion and non-GAAP EPS guidance of $0.75 to $0.95, and said it paid down $132 million of debt.
Q2 revenue was $1.43 billion, up 26.8% year over year and 6.4% sequentially from $1.35 billion.
GAAP diluted EPS was $0.44; non-GAAP diluted EPS was $0.95, versus $0.27 a year earlier.
Q3 fiscal 2025 guidance: revenue of $1.39 billion to $1.48 billion; non-GAAP gross margin of 37% to 39%; non-GAAP EPS of $0.75 to $0.95.
The CFO said the company paid down $132 million of outstanding debt in the quarter.
Coherent Corp. entered into Amendment No. 3 to its Credit Agreement on January 2, 2025, replacing $2,232,357,812.50 in existing term B loans with new term loans of the same amount. The new loans carry a lower interest rate margin, reduced from 2.50% to 2.00% for term benchmark loans, with maturities unchanged, which may lower the company's borrowing costs.
Principal amount of term B loans replaced: $2,232,357,812.50, on an equal-amount basis
Term benchmark loan margin cut from 2.50% to 2.00%; base rate loan margin cut from 1.50% to 1.00%
Term benchmark floor set at 0.50%
Maturities of new term B loans, revolving credit facility and term A loan remain unchanged
At its November 14, 2024 annual meeting, Coherent's shareholders elected five Class One directors to serve until the 2027 annual meeting and approved an amendment and restatement of the Omnibus Incentive Plan, mainly to add shares available for awards. Shareholders also approved executive pay on an advisory basis and ratified Ernst & Young LLP as the independent auditor for fiscal 2025, though the director and say-on-pay votes show notable opposition.
Five Class One directors elected to serve until the 2027 annual meeting; Howard H. Xia received 805,826 votes for and 5,476,237 against
Plan amendment approved with 147,817,008 votes for and 7,935,945 against, per the filing
Advisory say-on-pay vote on fiscal 2024 executive compensation: 81,584,439 for and 73,548,187 against
Ernst & Young LLP ratified for fiscal year ending June 30, 2025, with 161,563,096 votes for
Coherent Corp. amended and restated the inducement performance stock unit award agreement for its new Chief Financial Officer, Sherri R. Luther, on November 14, 2024. The only change is that the relative total shareholder return performance period now begins July 1, 2024, instead of her start date of October 11, 2024, which the company says aligns the awards with fiscal 2025 PSUs granted to other executives. The filing is an administrative compensation change with no reported financial figures.
Amended award covers inducement PSUs granted to CFO Sherri R. Luther, whose start date was October 11, 2024.
Relative total shareholder return performance period now begins July 1, 2024, the first day of the current fiscal year.
Other terms remain as described in the Company's Form 8-K filings of October 11 and October 16, 2024.
Amended and restated award agreement is filed as Exhibit 10.1.
Coherent reported fiscal first-quarter 2025 results for the period ended September 30, 2024, with revenue up 28% year over year to $1.35 billion and non-GAAP diluted EPS of $0.74, compared with $0.16 a year earlier. GAAP results were still a loss of $(0.04) per diluted share, and the company guided to second-quarter revenue of $1.33 billion to $1.41 billion. Management attributed the growth mainly to AI-related datacom transceivers, and shareholders now have a clearer view of near-term revenue and profit expectations.
Revenue for the quarter ended September 30, 2024 was $1.35 billion, up 28% from $1.05 billion a year earlier.
GAAP diluted loss per share was $(0.04), compared with $(0.65) a year earlier; non-GAAP diluted EPS was $0.74, compared with $0.16.
Second-quarter fiscal 2025 guidance: revenue of $1.33 billion to $1.41 billion and non-GAAP EPS of $0.61 to $0.77.
The company paid down $118 million of outstanding debt during the quarter.
Coherent Corp. appointed Rob Beard as its Chief Legal and Global Affairs Officer and Corporate Secretary, effective October 21, 2024, replacing Chief Legal Officer Ron Basso, who is retiring. Basso remains with the company in a non-executive transitional role until his retirement on December 31, 2024. The filing describes a planned executive handover rather than a change in financial results or guidance.
Rob Beard's appointment took effect October 21, 2024, and he also serves as Corporate Secretary.
Beard joins from Mastercard, where he was Chief Legal and Global Affairs Officer, and previously spent nearly a decade at Micron Technology, including as General Counsel.
Ron Basso's executive officer role ended October 21, 2024; his retirement is effective December 31, 2024.
Marie Batz Martin was promoted to Chief Compliance Officer, reporting to Beard.
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