canar.ai
Rankings/COHR/Q4 2025 Analysis

Coherent Corp.

COHR
Q4 2025(COHR Q1 FY2026)Derived27% AI
AI Revenue %
27%
AI Fair Value
$10.3B
AI Revenue (Q)
$364.0M
Total Revenue (Q)
$1.3B
Source: SEC EDGAR 10-Q Filing
Browse 10-Q filings on SEC.gov

Analysis

Q1 FY2026 (Sep 30, 2025). Under new segments: Datacenter & Communications revenue $1,090M, Industrial $491M. Total revenue $1,581M. DC&C segment profit $269M. YoY DC&C grew from $864M (recast) to $1,090M (+26%). The DC&C segment includes all datacenter transceivers + telecom. MATH: Total DC&C $1,090M. Of this, AI datacenter transceivers are the dominant growth driver. Pre-AI Communications baseline was ~$550M/Q (FY2023 level). Incremental ~$540M over baseline, but the segment also includes traditional telecom and datacom which has partially recovered. Conservative AI attribution: ~$430M from AI datacenter demand out of $1,581M total = ~27%.
Analyzed by claude-opus-4-6

Quoted Figures

Datacenter & Communications segment revenue: $1,090,000K; segment profit: $269,294K; Industrial segment revenue: $491,378K
10-Q Q1 FY2026, Note 13 segment data
Gain on sale of business: $115,211K
10-Q Q1 FY2026, income statement

AI Products Identified (Ring 1)

800G/1.6T datacenter optical transceiversInP laser chips for AI interconnectsZR/ZR+ coherent transceivers for AI DCICo-packaged optics components

AI-Enabled Items (Ring 2 — Not Counted)

These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.

SiC substrates for AI data center powerEUV laser components

Confidence Tier

DerivedCalculated from reported segments primarily serving AI