Coherent makes the optical transceivers and components that move data between racks and buildings inside AI datacenters, a layer that has become a bottleneck as cluster sizes outgrow copper interconnects. Demand for higher-speed optics (800G and beyond) tracks directly with hyperscaler AI cluster buildouts, and it competes with vendors like Lumentum and innovations in co-packaged optics from the larger silicon players.
Recent
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2026-10-01 Jumped ~10-11% after a Bernstein Outperform initiation ($350 target) calling optics names “structural winners” from AI datacenter buildout, backed by Coherent’s new PhotonLink integrated optics platform with a customer-backed revenue ramp guided from Q4 2026. TradingKey (independent)
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2026-08-18 COHR fell 7.6% partly on the debut of a new -2x leveraged inverse ETF (COHQ), despite strong Q4 FY26 results reported Aug 12. Investing.com (independent)