Filing Flows › Coherent (COHR) › Q3 FY26
Coherent (COHR) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 6, 2026
Coherent (COHR) reported revenue of $1.8B for the third quarter fiscal 2026 (Q3 FY26), +21% from a year earlier and +7% from the quarter before. Operating margin was 10.2%, net earnings $191M (10.6% of revenue).
Coherent, Q3 FY26: revenue $1.8B (+20% year over year), operating margin 10.2%, net earnings $191M, operating cash flow −$93.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +7% | +21% |
| Operating profit | $184M | +10% | 19× |
| Net earnings | $191M | +30% | 12× |
| Operating cash flow | −$93.8M | -262% | -158% |
What changed
Revenue was $1.8B in Q3 FY26, up 21% year over year and up 7% from the previous quarter. Datacenter & Communications was the largest line at 75% of revenue. Datacenter & Communications added $0.39B year over year (up 41%), 128% of the total change. Industrial declined 16%.
Operating profit was $0.18B, a 10.2% margin (up 9.5 points year over year). Of the extra revenue versus Q3 FY25, 57% reached operating profit, above the 1% margin then. Total costs grew 9% against revenue growth of 21%. The fastest-growing cost line was Research & development (+23%). Net earnings were $0.19B, up 1118% year over year ($0.18B including minority interests, which bore $0.01B of losses). The effective tax rate was 1.5%.
Operating cash flow was −$0.09B. Non-cash charges added back $0.13B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.46B. Capital expenditures of $0.29B exceeded it, leaving free cash flow of −$0.38B.
Questions
What was Coherent's revenue in the third quarter fiscal 2026?
Coherent (COHR) reported revenue of $1.8B for the third quarter fiscal 2026 (Q3 FY26), +21% from a year earlier and +7% from the quarter before.
Was Coherent profitable in the third quarter fiscal 2026?
Operating profit was $184M (10.2% of revenue) and net earnings $191M.
Source: Coherent 10-Q on SEC EDGAR.