Filing Flows › Coherent (COHR) › Q2 FY26
Coherent (COHR) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 4, 2026
Coherent (COHR) reported revenue of $1.7B for the second quarter fiscal 2026 (Q2 FY26), +17% from a year earlier and +7% from the quarter before. Operating margin was 10.0%, net earnings $147M (8.7% of revenue).
Coherent, Q2 FY26: revenue $1.7B (+18% year over year), operating margin 10.0%, net earnings $147M, operating cash flow $57.9M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +7% | +17% |
| Operating profit | $168M | -23% | +31% |
| Net earnings | $147M | -35% | +42% |
| Operating cash flow | $57.9M | +26% | -69% |
What changed
Revenue was $1.7B in Q2 FY26, up 17% year over year and up 7% from the previous quarter. Datacenter & Communications was the largest line at 72% of revenue. Datacenter & Communications added $0.30B year over year (up 34%), 121% of the total change. Industrial declined 10%.
Operating profit was $0.17B, a 10.0% margin (up 1.0 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 9% margin then. Total costs grew 16% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+86%). Net earnings were $0.15B, up 42% year over year ($0.14B including minority interests, which bore $2.9M of losses). The effective tax rate was 14.4%.
Operating cash flow was $0.06B (down 69% year over year), 40% of net income including minority interests. Non-cash charges added back $0.13B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.25B. Capital expenditures of $0.15B exceeded it, leaving free cash flow of −$0.10B.
Questions
What was Coherent's revenue in the second quarter fiscal 2026?
Coherent (COHR) reported revenue of $1.7B for the second quarter fiscal 2026 (Q2 FY26), +17% from a year earlier and +7% from the quarter before.
Was Coherent profitable in the second quarter fiscal 2026?
Operating profit was $168M (10.0% of revenue) and net earnings $147M.
Source: Coherent 10-Q on SEC EDGAR.