Coherent Corp.

Q4 FY2026 EarningsFY26 Q4 results delivered a beat on the top and bottom lines, with revenue of $7,118M exceeding the $7,056M consensus and diluted EPS of $4.12 beating the $4.07 estimate. The performance was spearheaded by the Datacenter & Communications segment, which surged 40% YoY driven by exponential demand for AI-related optical transceivers. However, GAAP gross margin of 37.5% missed the 39.3% consensus, and operating cash flow of $80M significantly underperformed the $595M expected due to aggressive inventory building to support future AI scaling.