Coherent Corp.

Scientific & Technical Instruments • Technology • Saxonburg, PA, United States • COHR (NYQ)

724 352 4455 375 Saxonburg Boulevard, Saxonburg, PA 16056, United States

Quarter: Q4 2025 Reported: December 16, 2025 Sentiment: Neutral

Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components and devices, and laser systems for the use in the industrial, communications, electronics, and instrumentation markets worldwide. It operates through three segments: Networking, Materials, and Lasers. The Networking segment offers transceivers, systems, subsystems, modules, components, optics, and semiconductor devices for datacenter and communications applications. The Materials segment provides engineered materials, laser optics, thermoelectric components, and advanced ceramic and metal-matrix composite materials and products; and vertical-cavity surface-emitting laser, edge-emitting laser, pump lasers, high-power lasers for materials processing, and integrated circuit. The Laser segment offers excimer lasers, solid-state lasers, CO2 lasers, and laser systems for various industrial applications, including semiconductor capital equipment, display manufacturing, precision manufacturing, and scientific research; and laser systems and subsystems. It markets its products and services through direct sales force, representatives, and distributors. The company was formerly known as II-VI Incorporated and changed its name to Coherent Corp. in September 2022. Coherent Corp. was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania.

Analysis Summary

Coherent Corp. has issued an 8-K filing to formally present recast historical financial information, necessitated by a strategic reorganization of its business segments. Effective with the start of its fiscal year 2026 on July 1, 2025, the company now operates under two distinct segments: Datacenter & Communications, and Industrial. This move aims to enhance transparency and comparability for investors by aligning historical data with the new operational structure. The filing specifically revises and updates sections of the Annual Report on Form 10-K for the fiscal year ended June 30, 2025, including 'Business,' 'Management's Discussion and Analysis of Financial Condition and Results of Operations,' and 'Financial Statements and Supplementary Data.' Key financial statement notes, such as those pertaining to Nature of Business, Revenue from Contracts with Customers, Goodwill and Other Intangible Assets, Segment and Geographic Reporting, Restructuring Plans, and Assets Held-for-Sale, have also been updated to reflect the new segment definitions.

Management explicitly clarified that these changes are purely for re-presentation and have no impact whatsoever on the company's historical consolidated financial position, results of operations, or cash flows. Furthermore, the recast information does not represent a restatement of previously issued financial statements. The independent registered public accounting firm, Ernst & Young LLP, provided an unchanged report on the consolidated financial statements, with only a dual date to acknowledge the recast and reissuance of footnote information. This document focuses solely on the segment reorganization and the re-presentation of historical data; it does not contain any Q4 2025 earnings results, revenue figures, EPS, or forward-looking guidance, nor does it include any analyst Q&A.

Key Highlights

• Coherent Corp. reorganized into two new business segments: Datacenter & Communications, and Industrial.
• The new segment structure became effective July 1, 2025 (beginning of fiscal year 2026).
• Historical financial information has been recast to reflect the new segment structure for comparability.
• The segment reorganization and recasting had no impact on historical consolidated financial position, results of operations, or cash flows.
• The recast information does not constitute a restatement of previously issued financial statements.
• Specific sections of the 2025 Form 10-K were revised to align with the new segment reporting.

Financial Metrics

eps

YoY: Not provided in this segment recasting document

revenue

USD

YoY: Not provided in this segment recasting document

guidance

net income

USD

YoY: Not provided in this segment recasting document

Stock Performance (90 Days)

Data through Dec 26, 2025

Layoff Events

Earnings Calls

Positive Signals

• Enhanced transparency through clearer segment reporting for investors.
• Explicit confirmation that the segment change has no impact on historical financial performance or cash flows.
• Auditor's report remains unchanged, indicating no issues with underlying financial data.
• Proactive approach to align reporting with new operational structure.