Filing Flows › Coherent (COHR) › Q1 FY26
Coherent (COHR) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 5, 2025
Coherent (COHR) reported revenue of $1.6B for the first quarter fiscal 2026 (Q1 FY26), +17% from a year earlier and +3% from the quarter before. Operating margin was 13.7%, net earnings $226M (14.3% of revenue).
Coherent, Q1 FY26: revenue $1.6B (+17% year over year), operating margin 13.7%, net earnings $226M, operating cash flow $46.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +3% | +17% |
| Operating profit | $217M | — | 11× |
| Net earnings | $226M | — | +774% |
| Operating cash flow | $46.0M | -65% | -70% |
What changed
Revenue was $1.6B in Q1 FY26, up 17% year over year and up 3% from the previous quarter. Datacenter & Communications was the largest line at 69% of revenue. Datacenter & Communications added $0.23B year over year (up 26%), 97% of the total change.
Operating profit was $0.22B, a 13.7% margin (up 12.3 points year over year). Of the extra revenue versus a year earlier, 85% reached operating profit, above the 1% margin then. Total costs grew 3% against revenue growth of 17%. Net earnings were $0.23B, up 774% year over year. The effective tax rate was -3.8%.
Operating cash flow was $0.05B (down 70% year over year), 20% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.35B. Capital expenditures of $0.10B exceeded it, leaving free cash flow of −$0.06B.
Questions
What was Coherent's revenue in the first quarter fiscal 2026?
Coherent (COHR) reported revenue of $1.6B for the first quarter fiscal 2026 (Q1 FY26), +17% from a year earlier and +3% from the quarter before.
Was Coherent profitable in the first quarter fiscal 2026?
Operating profit was $217M (13.7% of revenue) and net earnings $226M.
Source: Coherent 10-Q on SEC EDGAR.