Will Datacenter Momentum Keep Powering Coherent's Growth?

Coherent Corp. (COHR) reported fiscal Q4 2026 revenues of $2.05B, up 34% year-over-year, with Datacenter & Communications segment surging 59% and representing 79% of total revenue. The company guided Q1 2027 revenues of $2.2-$2.4B with adjusted operating margins improving to 21.8%. However, Industrial revenues declined 16% YoY, creating concentration risk in datacenter spending.