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Coherent Corp. (NYSE: COHR) is a global leader in materials, networking, and lasers, renowned for its innovative contributions across multiple industries. Headquartered in Saxonburg, Pennsylvania, Coherent specializes in engineered materials and optoelectronic components, serving sectors such as industrial, optical communications, military, semiconductor, consumer, and life sciences applications.
Coherent operates through two main segments: Photonic Solutions Segment and Compound Semiconductors Segment. The Photonic Solutions Segment leverages II-VI's compound semiconductor technology platforms to deliver components and subsystems, while the Compound Semiconductors Segment is noted for its market leadership in differentiated materials and devices.
Recent achievements include the demonstration of an 800 Gbps coherent transceiver module in QSFP-DD form factor, showcased at OFC 2024. This module features Coherent's 140 Gbaud IC-TROSA optical subassembly, offering high-efficiency indium phosphide modulators and proprietary embedded wavelength-tunable lasers, extending transmission distances up to 1000 km at 800 Gbps.
Additionally, Coherent has been pioneering advancements in VCSEL technology, enabling bandwidth improvements for next-generation optical interconnects. These developments are pivotal for data centers and AI networks, potentially achieving 200 Gbps per lane and optical transceivers with 1.6 Tbps capacity.
Coherent's commitment to innovation is further exemplified by its 6-inch indium phosphide wafer fabrication capability in its U.S. and European fabs, increasing production capacity and reducing die costs for InP optoelectronic devices used in a variety of applications from communications to advanced sensing.
In alignment with its ongoing innovation, Coherent has secured $15 million in funding from the CHIPS Act to accelerate the commercialization of wide- and ultrawide-bandgap semiconductors, enhancing the efficiency of electric vehicles, power grids, and data centers.
Financially, Coherent has demonstrated robust performance, with its Q3 FY2024 results available in a detailed shareholder letter on the Investor Relations section of its website. This format aims to provide greater insight into the company’s operations and future outlook.
For more information about Coherent and its groundbreaking technologies, visit coherent.com.
Coherent Corp. (NYSE: COHR) has launched its Ultrabroadband UV-VIS and VIS-NIR Diffraction Gratings, setting new standards in optical system performance. These gratings use finely spaced grooves to diffract light into its constituent wavelengths, enabling precise spectral analysis and control.
The new gratings are designed for multiple applications including flow cytometry, Raman spectroscopy, Optical Coherence Tomography (OCT), and laser diode stabilization. Key advantages include enhanced spectral resolution, broad wavelength compatibility, and simplified system design that reduces costs and complexity while improving throughput.
The product offers a compact and high-performance alternative to traditional optical setups, replacing complex assemblies like discrete dichroic filters in flow cytometry modules. The gratings are immediately available for order and will be showcased at the upcoming BIOS and Photonics West conferences.
Coherent Corp. (NYSE: COHR) has released its Environmental, Social, and Governance (ESG) Report for FY2024, highlighting significant sustainability achievements. The company now sources 78% of its global electricity needs from renewable sources, utilizing over 550 million kWh of renewable electricity annually, which resulted in avoiding 234,000 metric tons of CO2e emissions in FY2024.
Key accomplishments include receiving the Sapphire level Certification Champion recognition from the Board of Safety Professionals for employee safety commitment, and joining the Responsible Business Alliance (RBA) in 2024, demonstrating dedication to responsible business conduct in global supply chains.
The report provides comprehensive insights into Coherent's ESG initiatives, covering sustainability performance, employee management, governance practices, risk management, customer commitment, and community engagement. These efforts align with the company's mission to create a safer, healthier, closer, and more efficient world through breakthrough technologies in materials, networking, and lasers.
Coherent Corp. (NYSE: COHR) has unveiled its next-generation adjustable ring mode fiber laser, ARM FL, featuring a 50% smaller footprint while maintaining all functionalities of its predecessor. The new platform includes an advanced controller for improved integration and faster communications.
Key features include internal active power control, back reflection insensitivity, and compatibility with Coherent process heads, including HighMotion 2D. The system is designed for various applications, from EV battery foil welding to high-power cast aluminium welding. A new option enables connection to multiple scanner units, optimizing laser utilization.
Production ramp-up is scheduled to begin in spring 2025, ensuring smooth transitions for customer production lines.
Coherent Corp. (NYSE: COHR) announced it will evaluate strategic alternatives for its SHARP™ (Streamlined Hydrometallurgical Advanced Recycling Process) technology, which efficiently recovers and recycles critical metals from lithium-ion batteries. The technology achieves over 97% recovery of critical metals (Ni, Co, and Li) and offers significant cost advantages including 55% lower CAPEX, 45% lower plant footprint, and 60% lower reagents/utilities compared to common processes.
SHARP™ technology produces cathode precursors directly from battery waste, eliminating extensive metal separation steps. The process features zero liquid discharge and no toxic waste production. The company has successfully scaled up the technology, with test results showing performance comparable to pristine materials in battery applications.
Coherent Corp. (NYSE: COHR) has launched the Chameleon Discovery LX, a new femtosecond laser designed for nonlinear microscopy and ultrafast spectroscopy research. The laser delivers 100 fs pulses with tunable wavelength range from 680 to 1080 nm and industry-leading output powers of 3.2 W at peak tuning curve.
The Discovery LX features built-in wide dispersion precompensation and fast power modulation for deep, high-speed imaging optimized for multiphoton microscopy. It joins the existing Discovery NX with dual-output capabilities and the Axon product line in Coherent's laser portfolio.
The product targets the growing nonlinear microscopy market, serving applications in neuroscience, immunology, and disease research, with increasing clinical applications.
Coherent Corp. (NYSE: COHR) announces the general availability of the industry's first 100G ZR QSFP28 digital coherent optics (DCO) transceiver with Industrial temperature range operation (-40°C to +85°C). The device features Steelerton™ DSP technology, operating at 5.5W power consumption.
The transceiver integrates silicon photonics and Indium Phosphide-based tunable laser technology. It supports both SFF-8636 and CMIS management interfaces, offering 300 km dispersion- reach and Flextune™ auto-tuning for zero-touch provisioning. This solution enables network operators to upgrade from 10 Gbps to 100 Gbps in edge and access networks.
Coherent Corp. (NYSE: COHR) has signed a non-binding preliminary memorandum with the U.S. Department of Commerce for a proposed $33 million CHIPS Act funding to expand and modernize its Sherman, Texas facility. The investment will support the expansion of the world's first 150 mm indium phosphide (InP) manufacturing line by adding advanced wafer fabrication equipment.
The project aims to enhance the production of InP optoelectronic devices used in datacom, telecom transceivers, AI infrastructure, consumer electronics, medical, and automotive applications. The expansion is expected to create 70 direct jobs and will be implemented at Coherent's existing 700,000 square-foot facility, strengthening U.S. supply chain resiliency and technological leadership in semiconductor manufacturing.
Coherent Corp. (NYSE: COHR) has announced the production release of high-speed indium phosphide (InP) photodiodes for next-generation 800G and 1.6T transceivers. The devices feature 200 Gb/s PAM4 optical lanes and are available in singlet and 1x4 array configurations with integrated lenses. Key specifications include a 3 dB bandwidth exceeding 50 GHz, low capacitance of 50 femtofarads, and wide optical response from 900 nm to 1650 nm. The photodiodes are designed for longwave fiber-optic communication systems and are compatible with major 4-channel and 8-channel transimpedance amplifiers. Sample quantities are currently available, with general availability planned for Q1 2025.
Coherent Corp. (COHR) reported strong Q1 fiscal 2025 results with revenue of $1.35 billion, up 28% year-over-year. The company's GAAP gross margin improved to 34.1%, while non-GAAP gross margin reached 37.7%. GAAP EPS showed a loss of $(0.04), improving 94% Y/Y, while non-GAAP EPS grew to $0.74, up 357% Y/Y. Growth was primarily driven by AI-related Datacom transceivers. The company reduced its debt by $118 million and provided Q2 FY25 guidance with expected revenue between $1.33-1.41 billion and non-GAAP EPS of $0.61-0.77.
Coherent Corp. (NYSE: COHR) has announced a strategic review of its battery technology platform, which features innovative cathode, electrolyte, and cell technologies centered on sulfur immobilization. The platform has achieved industry-leading performance and is protected by 4 issued and 13 pending patents. The technology has received multiple funding awards from the U.S. Department of Energy Vehicle Technologies Office and IARPA. This review follows the company's strategic portfolio assessment completed in August. Coherent will not provide further updates until a material development occurs.
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