Coherent

COHR

Market cap $58.8B

Coherent Corp.'s COHR focus on AI and Datacom is yielding tangible results, positioning the company to benefit from the expanding AI and high-performance computing markets. In the second quarter of fiscal 2026, the company recorded 33.5% year-over-year growth in its data center & communications segment's revenues.

Here is how Coherent (COHR) and Urgent.ly Inc. (ULYX) have performed compared to their sector so far this year.

The massive amounts of money being spent on AI CapEx is going to continue, says Cory Johnson. He says the data center buildout "is absolutely happening" so companies can capture their corner of the AI market.

Shares of Coherent Corp moved higher this week after the company unveiled advances in silicon carbide (SiC) epitaxy technology, reinforcing optimism around its role in powering next-generation AI data centers and industrial systems. The stock rose as much as 9% on April 10 following the announcement, with additional gains supported by broader strength in the optical networking sector.

Lumentum and Coherent shares climbed again after upbeat comments on hyperscaler demand and fresh price-target hikes from J.P. Morgan.

Coherent Corp (NYSE:COHR) has risen 448.34% over the past twelve months, climbing from $51.39 to $281.79.

SAXONBURG, Pa., April 09, 2026 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in photonics, today announced advancements in its silicon carbide (SiC) epitaxy capabilities, enabling power devices up to 10kV for next-generation AI datacenter and industrial power applications.

Coherent Corp (NYSE:COHR) has been a technology sector standout over the past year, but our model raises a caution flag at current levels.

Coherent (COHR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

COHR's AI-driven surge lifts datacenter revenues to 72% of sales, fueled by transceiver demand and InP production expansion.