Welcome to our dedicated page for Coherent news (Ticker: COHR), a resource for investors and traders seeking the latest updates and insights on Coherent stock.
Coherent Corp. (NYSE: COHR) delivers cutting-edge solutions in engineered materials, photonics, and laser technologies that power innovation across AI infrastructure, electric vehicles, and life sciences. This dedicated news hub provides investors and industry professionals with essential updates on the company’s strategic developments.
Access real-time press releases covering financial results, product launches like the ARM FL20D fiber laser, and partnerships advancing semiconductor manufacturing. Track milestones in silicon carbide wafer production, renewable energy initiatives, and breakthroughs in medical laser applications.
Our curated collection features earnings reports, R&D announcements, and operational updates from COHR’s global facilities. Discover how the company’s vertical integration model drives advancements in 5G networking components, EV power electronics, and sustainable manufacturing processes.
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Coherent Corp. is transferring its common stock and 6.00% Series A Mandatory Convertible Preferred Stock from Nasdaq to the New York Stock Exchange (NYSE), effective February 23, 2023. The common stock will trade under the ticker COHR, while the preferred stock will trade under IIVI. Dr. Vincent D. Mattera, Jr., the company's CEO, expressed excitement about this transition, indicating it reflects the company's transformation and growth strategy. The move aims to enhance shareholder value and aligns with Coherent's commitment to innovation and market leadership in various sectors, including materials and lasers.
Coherent Corp. (Nasdaq:COHR) reported record revenue of $1.37 billion for Q2 FY23, reflecting a 70% year-over-year increase and a 23% organic growth. The company's backlog reached $2.9 billion, up 68% year-over-year. Despite a GAAP loss of $(0.58) per share, the non-GAAP EPS was $0.95. CEO Dr. Vincent D. Mattera, Jr. highlighted strong contributions from the materials, networking, and lasers segments, along with $133 million in debt retirement and $30 million in annual synergies achieved from integration activities. The outlook for Q3 FY23 expects revenue between $1.32-$1.37 billion and non-GAAP EPS of $0.75-$0.90.
Coherent Corp. (Nasdaq: COHR) announced the launch of its new AP 530 S, a fully automated laser system designed for texturing and marking implantable medical devices. This innovative system responds to the growing demand for high-quality manufacturing processes in the medical device sector, driven by technological advancements and an aging population. The AP 530 S operates unattended, ensuring optimal quality and uniformity. Key features include six-axis robotic handling, versatility in processing various device sizes, and a user-friendly software interface. Coherent will present this technology at MD&M West in Anaheim, California, from Feb. 7-9.
Coherent Corp. (Nasdaq: COHR) announced a conference call scheduled for February 8, 2023, at 9:00 a.m. ET, hosted by top executives including Dr. Vincent D. Mattera, Jr. and Mary Jane Raymond. This call will follow the release of the company’s second-quarter FY 2023 results, which will be published before market open on the same day. Stakeholders can access the live webcast via the company’s investor relations page, and there is an option for equity analysts to pre-register for the Q&A session. A replay of the call will be available for a limited time.
Coherent is recognized for its innovations across various markets, including industrial and electronics.
Coherent Corp. (Nasdaq: COHR) will showcase its innovative products at SPIE Photonics West from January 31 to February 2, 2023, at the Moscone Center, San Francisco. At Booth #4805, the company will highlight cutting-edge technologies including the first 10 W HyperRapid NXT 266 nm picosecond lasers and 150 W Monaco infrared lasers, which enhance OLED production capabilities. Coherent will host various demonstrations and presentations on topics like laser systems and consumer electronics sensing. Upcoming trade shows include SEMICON Korea and MD&M West.
PITTSBURGH, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Coherent Corp. (Nasdaq: COHR) will host a webcast analyst briefing on Feb. 1 at 11:00 a.m. ET, highlighting opportunities in the display manufacturing and life sciences sectors. The briefing will feature leaders including Dr. Vincent D. Mattera, Jr., and will conclude with a Q&A session. Investors can access the live webcast through the Investor Relations section of Coherent’s website, with a replay available afterward. Coherent, headquartered in Saxonburg, Pennsylvania, focuses on innovative technologies across various markets.
Coherent Corp. (Nasdaq: COHR) announced the launch of its new HyperRapid NXT industrial picosecond laser, featuring 10 W of average power in deep-ultraviolet (DUV). This innovative laser allows for ultraprecise edge ablation around OLED displays, enhancing the active area and supporting the move toward bezel-free devices. Key to this product are proprietary crystals that enable the laser to maintain high performance in continuous manufacturing. This laser technology is projected to significantly reduce costs and improve profitability, possibly adding hundreds of millions in value over its lifecycle.
Coherent Corp. (Nasdaq: COHR) has launched the new Monaco infrared femtosecond laser configuration, offering 150 W of output power, designed for cutting large OLED display glass. This innovation addresses the increasing demand for high-output lasers as OLED technology expands into IT devices like tablets and laptops. The Monaco 1035-150-150 delivers over double the power and pulse energy compared to existing models, enhancing production efficiency of large glass panels. It is the smallest femtosecond laser available, easily integrated into manufacturing systems, and ideal for processing brittle materials up to 2 mm thick. Coherent will showcase this technology at Photonics West from Jan. 28 to Feb. 2.
Coherent Corp. (Nasdaq: COHR) announced the appointment of Dr. Beck Mason as Executive Vice President, Telecommunications, effective January 12, 2023. Dr. Mason will oversee the Telecommunications Business Unit, focusing on the technology vision and strategic investments for Coherent's telecom product offerings. With a robust portfolio that includes advanced optical communications products, Dr. Mason brings extensive experience from his previous roles at Lumentum and other leading tech firms. This leadership change aims to drive growth in the telecom sector and enhance Coherent's market position in communications.
