Filing Flows › Coherent (COHR) › Q4 FY26 › vs Q4 FY25
Coherent (COHR) Q4 FY26 vs Q4 FY25 (year over year)
Coherent's revenue rose $516M (+34%) from $1.5B in Q4 FY25 to $2.0B in Q4 FY26. Operating margin 13.6% against -4.1% (+17.8 pts).
Coherent, Q4 FY26: revenue $2.0B (+34% year over year), operating margin 13.6%, net earnings $241M, operating cash flow $69.5M. The chart draws each line against Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Operating margin | 13.6% | -4.1% | +17.8 pts |
| Net margin | 11.8% | -6.3% | +18.0 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $2.0B | $1.5B | $516M | +34% |
| Operating profit | $279M | −$63.4M | $342M | — |
| Costs & expenses | $1.8B | $1.6B | $174M | +11% |
| Pre-tax earnings | $279M | −$63.4M | $342M | — |
| Cost of revenue | $1.3B | $983M | $275M | +28% |
| Research & development | $216M | $156M | $60.6M | +39% |
| SG&A | $266M | $245M | $20.9M | +9% |
| Other operating costs | $25.8M | $208M | −$183M | -88% |
| Loss borne by minority interests | $4.3M | $2.5M | $1.8M | +74% |
| Net earnings | $241M | −$95.6M | $336M | — |
| Income tax | $42.3M | $34.7M | $7.6M | +22% |
| Operating cash sources | $431M | $83.0M | $348M | +419% |
| Depreciation & amortization | $140M | $135M | $5.2M | +4% |
| Share-based compensation | $50.4M | $43.6M | $6.8M | +16% |
| Working capital & other | $362M | −$47.3M | $409M | — |
| Operating cash flow | $69.5M | $130M | −$60.8M | -47% |
| Capital expenditures | $556M | $131M | $424M | +323% |
| Negative free cash flow (OCF − capex) | $486M | $1.1M | $485M | 456× |
Questions
How much did Coherent's revenue grow year over year in Q4 FY26?
Coherent's revenue rose $516M (+34%) from $1.5B in Q4 FY25 to $2.0B in Q4 FY26. Operating margin 13.6% against -4.1% (+17.8 pts).