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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 announced the industry's first L-band 800 Gbps coherent pluggable transceiver in a QSFP-DD form factor. This innovative product will be showcased at ECOC 2024 in Frankfurt, Germany. The new standardized 800G ZR/ZR+ pluggable module allows disaggregation, supporting an open ecosystem in a smaller and more efficient form factor.
Key features include:
- Expansion from C-band to L-band, doubling fiber capacity from 32 Tbps to 64 Tbps
- High optical output power for best-in-class transmission performance
- Availability in both QSFP-DD and OSFP form factors
- Cost reduction of more than 400% by eliminating additional optical equipment
- Customer sampling to begin in Q4 2024
Coherent Corp. (NYSE: COHR) has been selected for Phase 3 of the IARPA RESILIENCE program, focusing on developing high-energy rechargeable lithium-sulfur (Li-S) batteries. This follows their successful completion of Phase 2 in June 2024. The program aims to create reliable power sources for extreme environments and secure domestic supply chains for battery materials. Coherent's proprietary chalcogen immobilization technology has shown promising results, delivering exceptional energy density, fast charge/discharge capabilities, and unprecedented calendar life.
In Phase 3, Coherent will transition from R&D to producing pre-commercial, manufacturable battery samples for rigorous testing. The company's Li-S technology is built on a strong patent portfolio, enabling sulfur cathodes to operate near theoretical capacity with high cycle stability and efficiency. Coherent will execute Phase 3 under a 12-month, $2.45 million contract with IARPA.
Coherent Corp. (NYSE: COHR) has expanded its optical communications test portfolio with new high-port-count instruments in the WaveShaper family and enhanced offerings in the WaveMaker family. The new products include:
1. WaveShaper® 32000B and 32002B reconfigurable optical processors, available in Super-C and Super-C plus Super-L band configurations.
2. WaveMaker® 500A programmable optical spectrum generator for Super-C band applications.
These instruments offer full programmability of attenuation and phase across the spectrum, with a high port count of 1x31. They support various configurations and cover up to 12.5 THz, meeting the growing demand for advanced optical systems in meshed network topologies. The WaveMaker 500A enhances transceiver and amplifier testing with over 20 dBm of optical output power.
Coherent Corp. (NYSE: COHR) has launched a new family of high-efficiency continuous wave (CW) distributed feedback (DFB) lasers for silicon photonics transceiver modules. These indium phosphide (InP) lasers are designed to operate in the O-band (1310 nm region) and offer 15% greater power efficiency than current industry standards. The first product, a 70 mW 1310 nm laser, will begin commercial shipments in September 2024.
Key features include:
- Uncooled, non-hermetic operation up to 85°C junction temperature
- Exceptional reliability due to aluminum-free active quantum-well region
- Planned expansion to a 6-inch InP fab in Sherman, Texas, by 2026, increasing production capacity by 5x
These lasers address the growing bandwidth demands in AI-driven data centers and are important for 800G and 1.6T optical transceivers.
Coherent Corp. (NYSE: COHR) reported its Q4 and full-year fiscal 2024 results, showing significant growth and improvement. Q4 revenue reached $1.314 billion, up 9.1% year-over-year. The company's Q4 GAAP gross margin improved to 32.9%, a 437 bps increase Y/Y, while non-GAAP gross margin rose to 37.2%, up 132 bps Y/Y. Q4 GAAP EPS improved by $1.02 Y/Y to ($0.52), and non-GAAP EPS grew 49% Y/Y to $0.61. For the full fiscal year 2024, revenue was $4.708 billion. The company saw strong growth in AI-related Datacom transceiver business and achieved a milestone of shipping over 300 million Datacom transceivers from its Malaysia facility.
Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, has announced the date for its FY2024 Fourth-Quarter and Fiscal Year-End Results Conference Call. The company will release its financial results for the quarter and fiscal year ended June 30, 2024, after market close on Thursday, August 15. Coherent's management will host a live audio webcast to discuss these results at 5 p.m. ET on the same day.
Interested parties can access the live webcast through the company's website or via a provided link. A recording of the call will be available for a time. Coherent, headquartered in Saxonburg, Pennsylvania, serves diverse applications in industrial, communications, electronics, and instrumentation markets with its breakthrough technologies.
Coherent Corp. (NYSE: COHR) has reached a significant milestone in the Thirty Meter Telescope (TMT) project, completing its 100th polished mirror segment. The company is using advanced stress mirror polishing (SMP) technique to produce hexagonal segments for the TMT's 30-meter primary mirror, achieving a rate of one segment per week. Coherent's contribution was praised by TMT representatives during a recent visit.
The company has also installed an advanced ultrasonic CNC machine capable of addressing two-meter-sized optics, marking the next major phase of the TMT program. This machine will be important for machining the roundels into their final hexagonal shapes. Coherent's expertise in precision large-format optics and high-volume manufacturing positions it as a leader in the field, building on its previous work on projects like the James Webb Space Telescope.
Coherent Corp. (NYSE: COHR) has announced a major milestone, shipping its 300-millionth optical transceiver from its Ipoh, Malaysia facility. This achievement highlights the company's robust supply chain solutions and advanced manufacturing capabilities. The Ipoh facility, established in 2001, spans 640,000 square feet, employs 3,600 skilled workers, and plays a critical role in producing next-generation optical transceivers. Coherent's strategic location and infrastructure contribute to its competitive edge in the global market, particularly in meeting the demands of the AI datacom sector.
Coherent Corp. (NYSE: COHR) has appointed Jim Anderson as the new Chief Executive Officer, effective June 3, 2024. Anderson joins Coherent from Lattice Semiconductors, where he served as President and CEO, driving corporate strategy and achieving record profits and margins. He replaces Dr. Vincent D. Mattera, Jr., who is retiring. Anderson brings extensive experience in transforming global businesses and is expected to leverage Coherent's AI-related datacom portfolio and industrial market opportunities. Anderson has held leadership roles at AMD, Intel, and Broadcom, among others.
Coherent Corp. (NYSE: COHR) has launched the Coherent PM10K+ laser power sensor, tailored for high-power applications and capable of reducing measurement times by up to 500%. This innovative sensor measures CW laser power up to 10 kW (12 kW intermittent) in under 3 seconds, featuring a large active area to prevent beam clipping and a laser interlock to protect the sensor. It's optimized for industrial applications such as cutting and welding. The PM10K+ integrates advanced thermal management technologies and proprietary algorithms, making it the fastest kW-class calorimeter-based sensor available. It offers two interface options for connectivity: USB and RS-232, ensuring compatibility with various systems. Coherent's broad portfolio supports markets including industrial, life sciences, and aerospace.
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