COHR COHERENT CORP.

Overview and Growth

Fiscal 2026 results for COHERENT CORP. combined $7.12B of revenue with net income of $805.00M and an operating cash inflow of $79.51M. The $7.12B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 22.5% above fiscal 2025 revenue of $5.81B, marking a year-over-year increase. Diluted earnings per share were $4.12, translating the period’s attributable earnings into the amount reported for each diluted share. Revenue equaled 0.39x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The first profit layer was $2.67B of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 37.5% of revenue, quantifying the portion retained before operating expenses were recognized. The bottom-line result was net income of $805.00M, after the operating, financing, tax, and other items recognized for the period. Measured against reported revenue, net income produced a 11.3% margin after operating costs and the remaining recognized items. Pretax income was $847.73M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Pretax income represented 11.9% of revenue, placing earnings before tax in the context of the company’s operating scale. The company recognized $60.85M of income tax for the period, completing the transition from pretax income to net income. The effective relationship between income tax and positive pretax income was 7.2%, without assuming a statutory-rate comparison. The relationship between net income and period-end equity was 7.2%, indicating the profitability achieved on book capital. The net-income-to-assets relationship measured 4.4%, showing earnings relative to the full balance sheet.

Liquidity and Capital Structure

At period end, the $18.30B asset base was financed through $7.06B of liabilities and $11.24B of equity. At period end, current assets of $6.93B compared with current liabilities of $2.85B, defining the company’s short-term resource position. At 2.43x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $1.16B, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 40.7% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $3.22B of total debt at period end, which frames its leverage and debt-service burden. The debt-to-equity relationship was 0.29x, showing how much debt the company carried for each unit of book equity. Relative to total assets, debt measured 17.6%, showing how much of the asset base was matched by borrowing. Relative to total assets, liabilities measured 38.6%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 6.3%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 22.7% from $14.91B in fiscal 2025, leaving current total assets higher year over year. Book equity was 87.4% higher than fiscal 2025 equity of $6.00B, showing how shareholder capital changed year over year.

Cash Flow and Earnings Quality

The company reported $79.51M of operating cash flow, a cash inflow that shows the cash generated by operations. Against net income, operating cash flow measured 0.1x, showing the relationship between accrual earnings and operating cash. The cash-flow statement records $1.10B of capital expenditures, the investment amount considered after operating cash generation. The company recorded a $1.02B cash deficit after capital spending for the period. The free-cash-flow deficit equaled 14.4% of revenue, showing the post-investment cash shortfall relative to sales. The cash deficit after capital spending represented 5.6% of the period-end asset base.

Based on the annual report for the fiscal year ending Jun 30, 2026. Analysis generated Oct 21, 2026.