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Coherent (COHR) guidance and outlook
Coherent (COHR) raised its guidance on Nov 4, 2026: Gross margin 45% for Q1 2028; Revenue $2.5B–$2.8B for Q2 FY2027; Gross margin 40%–42% for Q2 FY2027; Operating expenses $430M–$450M for Q2 FY2027. Coherent's 10-Q filed Nov 4, 2026 makes 7 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2027 | +60% | new |
| Gross margin | Q1 2028 | 45% | new |
| Revenue | Q2 FY2027 | $2.5B–$2.8B | new |
| Gross margin | Q2 FY2027 | 40%–42% | new |
| Operating expenses | Q2 FY2027 | $430M–$450M | new |
| Tax rate | Q2 FY2027 | 18%–20% | new |
| EPS | Q2 FY2027 | $2.28–$2.48 | new |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 4, 2026
- These restructuring actions were intended to realign our cost structure as part of a transformation to a simpler, more streamlined, resilient and sustainable business model.
- Commencing in the quarter ended March 31, 2025, and as part of the Company’s ongoing strategic review of its business, management approved the 2025 Plan to take a number of restructuring actions, including site consolidations, facilities moves and closures, workforce reductions, contract terminations, and certain other associated cost reductions.
- As a result, the Company recorded the receipt of tariff refunds received and recognized a net receivable for additional refunds expected to be recovered.
- The receivable at September 30, 2026 represents the Company’s estimate of recoverable tariffs associated with eligible import entries based on information available as of September 30, 2026, including shipment‑level data and applicable court rulings guidance.
- The preparation of financial statements and related disclosures are in conformity with accounting principles generally accepted in the United States of America and the Company’s discussion and analysis of its financial condition and results of operations require the Company’s management to make judgments, assumptions and estimates that affect the amounts reported in its Condensed Consolidated Financial Statements…
- The proceeds from the investment will be used to support research and development, future capacity and operations as we build out our manufacturing capabilities.
- Such funds have and will continue to be used primarily to fund future capital expansion in our silicon carbide business and will enable us to increase our available free cash flow to provide greater financial and operational flexibility to execute our capital allocation priorities .
Coherent's latest quarter
Coherent, Q1 FY27: revenue $2.4B (+50% year over year), operating margin 15.1%, net earnings $385M, operating cash flow −$92.7M. The chart follows the revenue to costs, profit and cash.
Questions
Did Coherent raise or lower its guidance?
Coherent (COHR) raised its guidance on Nov 4, 2026: Gross margin 45% for Q1 2028; Revenue $2.5B–$2.8B for Q2 FY2027; Gross margin 40%–42% for Q2 FY2027; Operating expenses $430M–$450M for Q2 FY2027.
What does Coherent expect?
These restructuring actions were intended to realign our cost structure as part of a transformation to a simpler, more streamlined, resilient and sustainable business model. Commencing in the quarter ended March 31, 2025, and as part of the Company’s ongoing strategic review of its business, management approved the 2025 Plan to take a number of restructuring actions, including site consolidations, facilities moves and closures, workforce reductions, contract terminations, and certain other associated cost reductions. As a result, the Company recorded the receipt of tariff refunds received and
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.