Coherent Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jun 30, 2026 · FY), Coherent Inc. reported revenue of $7.1B (+22.5% year on year) and net income of $805.0M (+1530.7% year on year).
| Line item | Jun 30, 2026 · FY | Jun 30, 2025 · FY | Jun 30, 2024 · FY | Jun 30, 2023 · FY |
|---|---|---|---|---|
| Revenues | $7.1B | $5.8B | $4.7B | $5.2B |
| Cost of goods sold | $4.4B | $3.8B | $3.3B | $3.5B |
| Research and development | $723.0M | $581.9M | $478.8M | $499.6M |
| Selling, general and administrative | $1.0B | $926.5M | $854.0M | $1.0B |
| Restructuring charges (recoveries) | $63.4M | $160.1M | — | — |
| Impairment of assets held-for-sale | $64.4M | $85.0M | — | — |
| Gain on sale of business | ($124.1M) | — | — | — |
| Interest expense | $190.3M | $243.3M | $288.5M | $286.9M |
| Other expense (income), net | ($140.1M) | ($47.6M) | ($44.7M) | $31.6M |
| Total Costs, Expenses, & Other Expense | $6.3B | $5.7B | $4.9B | $5.5B |
| Earnings (Loss) Before Income Taxes | $847.7M | $94.2M | ($147.6M) | ($355.6M) |
| Income Tax Expense | $60.8M | $64.1M | $11.1M | ($96.1M) |
| Net Earnings (Loss) | $786.9M | $30.1M | ($158.8M) | ($259.5M) |
| Net Loss Attributable to Noncontrolling Interests | ($18.1M) | ($19.3M) | ($2.6M) | — |
| Net Earnings (Loss) Attributable to Coherent Corp. | $805.0M | $49.4M | ($156.2M) | — |
| Less: Dividends on Preferred Stock | $35.1M | $129.9M | $123.4M | $144.2M |
| Basic earnings (loss) available to common shareholders | $769.9M | ($80.6M) | ($279.5M) | ($403.7M) |
| Basic Earnings (Loss) Per Share (in usd per share) | $4.34 | -$0.52 | -$1.84 | -$2.93 |
| Diluted Earnings (Loss) Per Share (in usd per share) | $4.12 | -$0.52 | -$1.84 | -$2.93 |
| Line item | Mar 31, 2026 · Q3 | Dec 31, 2025 · Q2 | Sep 30, 2025 · Q1 | Mar 31, 2025 · Q3 |
|---|---|---|---|---|
| Revenues | $1.8B | $1.7B | $1.6B | $1.5B |
| Cost of goods sold | $1.1B | $1.1B | $1.0B | $970.2M |
| Research and development | $186.0M | $165.7M | $154.9M | $150.7M |
| Selling, general and administrative | $267.6M | $258.5M | $252.1M | $231.4M |
| Restructuring charges | $34.4M | $3.6M | $19.3M | $73.8M |
| Impairment of assets held-for-sale | $0 | $11.0M | $9.1M | — |
| Gain on sale of business | ($8.9M) | $0 | ($115.2M) | — |
| Interest expense | $44.6M | $45.9M | $58.7M | $57.3M |
| Other expense (income), net | ($28.1M) | ($29.9M) | ($16.5M) | $4.6M |
| Total Costs, Expenses, & Other Expense | $1.6B | $1.5B | $1.4B | $1.5B |
| Earnings Before Income Taxes | $184.3M | $168.0M | $216.9M | $9.9M |
| Income Tax Expense | $2.7M | $24.2M | ($8.3M) | $8.1M |
| Net Earnings | $181.7M | $143.8M | $225.2M | $1.8M |
| Net Loss Attributable to Noncontrolling Interests | ($9.7M) | ($2.9M) | ($1.2M) | ($13.9M) |
| Net Earnings Attributable to Coherent Corp. | $191.4M | $146.7M | $226.3M | $15.7M |
| Less: Dividends on Preferred Stock | $0 | $1.6M | $33.5M | $32.7M |
| Net Earnings (Loss) Available to the Common Shareholders | $191.4M | $145.1M | $192.9M | ($17.0M) |
| Basic Earnings (Loss) Per Share (in usd per share) | $1.01 | $0.87 | $1.24 | -$0.11 |
| Diluted Earnings (Loss) Per Share (in usd per share) | $0.97 | $0.76 | $1.19 | -$0.11 |
| Line item | Jun 30, 2026 · FY | Jun 30, 2025 · FY | Jun 30, 2024 · FY | Jun 30, 2023 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $1.2B | $909.2M | $926.0M | — |
| Restricted cash, current | $35.2M | $8.9M | $174.0M | — |
| Short-term investments | $825.0M | — | — | — |
| Accounts receivable - less allowance for doubtful accounts | $1.3B | $964.1M | $848.5M | $901.5M |
| Inventories | $2.6B | $1.4B | $1.3B | $1.3B |
| Prepaid and refundable income taxes | $78.9M | $55.8M | $26.9M | $28.3M |
| Prepaid and other current assets | $900.1M | $551.6M | $398.2M | $216.5M |
| Total Current Assets | $6.9B | $3.9B | $3.7B | $3.3B |
| Property, plant & equipment, net | $3.0B | $1.9B | $1.8B | $1.8B |
| Goodwill | $4.4B | $4.5B | $4.5B | $4.5B |
| Other intangible assets, net | $2.9B | $3.2B | $3.5B | $3.8B |
| Deferred income taxes | $69.4M | $53.4M | $41.0M | $37.7M |
| Restricted cash, non-current | $571.2M | $714.8M | $689.6M | — |
| Other assets | $474.3M | $662.2M | $313.1M | $312.0M |
| Total Assets | $18.3B | $14.9B | $14.5B | $13.7B |
| Current portion of long-term debt | $7.9M | $188.3M | $73.8M | $74.8M |
| Accounts payable | $1.9B | $847.0M | $631.5M | $405.3M |
| Accrued compensation and benefits | $358.0M | $258.6M | $212.5M | $175.6M |
| Operating lease current liabilities | $61.4M | $41.6M | $40.6M | $38.3M |
| Accrued income taxes payable | $173.2M | $123.8M | $90.7M | $74.5M |
| Other accrued liabilities | $348.0M | $335.6M | $294.7M | $310.3M |
| Total Current Liabilities | $2.9B | $1.8B | $1.3B | $1.1B |
| Long-term debt | $3.2B | $3.5B | $4.0B | $4.2B |
| Deferred income taxes | $540.6M | $711.7M | $784.4M | $780.3M |
| Operating lease liabilities | $254.8M | $165.2M | $162.4M | $140.7M |
| Other liabilities | $198.0M | $259.3M | $225.4M | $247.4M |
| Total Liabilities | $7.1B | $6.4B | $6.5B | $6.5B |
| Series B redeemable convertible preferred stock, no par value, 5% cumulative; authorized - | $0 | $2.5B | $2.4B | $2.2B |
| Common stock, no par value; authorized - 300,000,000 shares; | 9.8B | 5.1B | 4.9B | 3.8B |
| Accumulated other comprehensive income (AOCI) | $204.1M | $372.0M | $2.6M | $109.7M |
| Retained earnings | $1.4B | $584.4M | $664.9M | $944.4M |
| Total Shareholders' Equity | $11.3B | $6.0B | $5.5B | $5.3B |
| Treasury stock, at cost; | ($445.5M) | ($368.1M) | ($315.1M) | — |
| Total Coherent Corp. Shareholders' Equity | $10.9B | $5.6B | $5.2B | — |
| Noncontrolling interests (NCI) | $334.7M | $353.5M | $371.4M | — |
| Total Equity | $11.2B | $6.0B | $5.6B | $5.0B |
| Total Liabilities, Mezzanine Equity and Shareholders' Equity | $18.3B | $14.9B | $14.5B | $13.7B |
| Line item | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.6B | $863.7M | $852.8M | $890.3M |
| Restricted cash, current | $42.0M | $35.5M | $22.5M | $19.1M |
| Short-term investments | $825.0M | — | — | — |
| Accounts receivable - less allowance for doubtful accounts | $1.2B | $1.1B | $1.0B | $1.0B |
| Inventories | $2.1B | $1.8B | $1.6B | $1.4B |
| Prepaid and refundable income taxes | $45.5M | $44.1M | $44.8M | $24.9M |
| Prepaid and other current assets | $625.3M | $547.6M | $462.0M | $364.1M |
| Total Current Assets | $6.4B | $4.4B | $4.0B | $3.7B |
| Property, plant & equipment, net | $2.4B | $2.1B | $1.9B | $1.9B |
| Goodwill | $4.4B | $4.5B | $4.5B | $4.5B |
| Other intangible assets, net | $3.0B | $3.1B | $3.1B | $3.3B |
| Deferred income taxes | $72.1M | $69.1M | $53.9M | $52.6M |
| Restricted cash, non-current | $591.0M | $629.6M | $677.6M | $716.7M |
| Other assets | $397.7M | $351.8M | $373.0M | $298.8M |
| Total Assets | $17.3B | $15.1B | $14.7B | $14.4B |
| Current portion of long-term debt | $9.0M | $106.5M | $48.4M | $4.7M |
| Accounts payable | $1.3B | $1.1B | $953.9M | $777.3M |
| Accrued compensation and benefits | $276.6M | $243.1M | $210.4M | $242.3M |
| Operating lease current liabilities | $52.4M | $43.0M | $41.4M | $42.7M |
| Accrued income taxes payable | $99.2M | $128.0M | $164.3M | $117.3M |
| Other accrued liabilities | $332.8M | $312.0M | $317.6M | $312.6M |
| Total Current Liabilities | $2.1B | $2.0B | $1.7B | $1.5B |
| Long-term debt | $3.2B | $3.2B | $3.3B | $3.7B |
| Deferred income taxes | $605.8M | $643.3M | $629.5M | $673.8M |
| Operating lease liabilities | $178.9M | $151.6M | $156.7M | $170.0M |
| Other liabilities | $188.2M | $208.1M | $229.9M | $208.1M |
| Total Liabilities | $6.3B | $6.2B | $6.0B | $6.3B |
| Series B redeemable convertible preferred stock, no par value, 5% cumulative; authorized - | $0 | $0 | $2.5B | $2.5B |
| Common stock, no par value; authorized - 300,000,000 shares; | 9.7B | 7.7B | 5.1B | 5.0B |
| Accumulated other comprehensive income (AOCI) | $241.6M | $355.3M | $339.7M | ($11.3M) |
| Retained earnings | $1.1B | $922.3M | $777.2M | $713.1M |
| Total Shareholders' Equity | $11.1B | $9.0B | $6.2B | $5.7B |
| Treasury stock, at cost; | ($419.6M) | ($412.7M) | ($405.5M) | ($363.0M) |
| Total Coherent Corp. Shareholders' Equity | $10.7B | $8.5B | $5.8B | $5.4B |
| Noncontrolling interests (NCI) | $338.7M | $349.0M | $351.9M | $354.6M |
| Total Equity | $11.0B | $8.9B | $6.2B | $5.7B |
| Total Liabilities, Mezzanine Equity and Shareholders' Equity | $17.3B | $15.1B | $14.7B | $14.4B |
| Line item | Jun 30, 2026 · FY | Jun 30, 2025 · FY | Jun 30, 2024 · FY | Jun 30, 2023 · FY |
|---|---|---|---|---|
| Net earnings (loss) | $786.9M | $30.1M | ($158.8M) | ($259.5M) |
| Depreciation | $241.6M | $250.8M | $271.6M | $267.6M |
| Amortization | $280.3M | $302.8M | $288.2M | $414.1M |
| Share-based compensation expense | $186.5M | $160.2M | $126.0M | $148.9M |
| Non-cash restructuring and impairment charges | $87.6M | $140.9M | — | — |
| Amortization of debt issuance costs | $17.6M | — | — | — |
| Loss on disposals of property, plant & equipment | $599.0K | $782.0K | $758.0K | — |
| Unrealized losses (gains) on foreign currency remeasurements and transactions | ($24.8M) | $33.1M | ($10.6M) | ($3.5M) |
| Loss (earnings) from equity investments | ($690.0K) | ($1.3M) | $51.0K | $66.0K |
| Deferred income taxes | ($198.7M) | ($95.4M) | ($112.1M) | ($206.8M) |
| Gain on sale of business | ($124.1M) | — | — | — |
| Gain on sale of equity investment | ($74.0M) | — | — | — |
| Loss on debt extinguishment | $3.1M | $0 | $2.0M | — |
| Accounts receivable | ($367.6M) | ($170.4M) | $60.6M | $68.3M |
| Inventories | ($1.2B) | ($202.7M) | ($23.2M) | $174.1M |
| Accounts payable | $748.5M | $217.4M | $205.0M | ($83.3M) |
| Contract liabilities | ($9.3M) | $3.2M | ($72.8M) | ($19.0M) |
| Income taxes | $18.2M | ($22.1M) | $12.3M | $28.7M |
| Accrued compensation and benefits | $99.4M | $63.0M | $36.9M | ($57.1M) |
| Other operating net assets (liabilities) | ($408.3M) | ($96.3M) | ($114.4M) | $13.0M |
| Net cash provided by operating activities | $79.5M | $633.6M | $545.7M | $634.0M |
| Additions to property, plant & equipment | ($1.1B) | ($440.8M) | ($346.8M) | ($436.1M) |
| Purchases of intangible assets | ($7.2M) | — | — | — |
| Proceeds from sale of equity investment | $89.4M | — | — | — |
| Proceeds from the sale of business, net of fees | $437.0M | — | — | — |
| Purchases of short-term investments | ($1.0B) | — | — | — |
| Proceeds from sales/maturities of short-term investments | $200.0M | — | — | — |
| Other investing activities | ($5.0M) | ($379.0K) | ($3.9M) | ($4.0M) |
| Net cash used in investing activities | ($1.4B) | ($414.2M) | ($350.7M) | ($5.9B) |
| Sale of shares to noncontrolling interests | 0 | 0 | 1.0B | — |
| Proceeds from borrowing of credit facility | $1.3B | $0 | $0 | $3.6B |
| Proceeds from borrowings of revolving credit facilities | $640.1M | $53.7M | $19.0M | $65.0M |
| Proceeds from borrowings of other credit facilities | $28.0M | — | — | — |
| Proceeds from issuance of common shares | 2.0B | — | — | 0 |
| Payments on existing debt | ($1.7B) | ($437.0M) | ($228.8M) | ($1.3B) |
| Payments on borrowings under revolving credit facilities | ($676.2M) | ($51.7M) | ($19.0M) | ($65.0M) |
| Debt issuance costs | ($9.1M) | $0 | $0 | ($126.5M) |
| Equity issuance costs | $0 | $0 | ($31.8M) | ($42.0M) |
| Proceeds from exercises of stock options and purchases of stock under employee stock purchase plan | 53.8M | 49.6M | 42.3M | 24.2M |
| Payments in satisfaction of employees’ minimum tax obligations | ($77.4M) | ($54.0M) | ($22.3M) | ($54.2M) |
| Cash dividends paid | ($11.4M) | ($11.4M) | $0 | ($27.6M) |
| Other financing activities | $970.0K | ($948.0K) | ($1.0M) | ($1.1M) |
| Net cash provided by (used in) financing activities | $1.5B | ($451.7M) | $758.3M | $3.6B |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | ($7.4M) | $75.6M | ($1.2M) | ($4.2M) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | $135.5M | ($156.8M) | $952.1M | ($1.7B) |
| Line item | Mar 31, 2026 · YTD | Dec 31, 2025 · YTD | Sep 30, 2025 · Q1 | Mar 31, 2025 · YTD |
|---|---|---|---|---|
| Net earnings | $550.7M | $369.0M | $225.2M | $128.2M |
| Depreciation | $170.9M | $108.5M | $53.0M | $188.0M |
| Amortization | $210.4M | $140.0M | $69.4M | $230.7M |
| Share-based compensation expense | $136.0M | $86.9M | $44.1M | $116.6M |
| Non-cash restructuring and impairment charges | $41.5M | $20.6M | $9.9M | — |
| Amortization of debt issuance costs | $15.1M | $12.2M | $9.8M | $15.7M |
| Loss on disposals of property, plant & equipment | $925.0K | $148.0K | $127.0K | $112.0K |
| Unrealized losses (gains) on foreign currency remeasurements and transactions | ($10.2M) | ($8.5M) | ($4.2M) | $6.8M |
| Earnings from equity investments | ($294.0K) | ($276.0K) | ($215.0K) | ($626.0K) |
| Deferred income taxes | ($138.0M) | ($73.1M) | ($83.7M) | ($88.1M) |
| Gain on sale of business | ($124.1M) | ($115.2M) | ($115.2M) | — |
| Gain on sale of equity investment | ($35.6M) | ($21.5M) | ($6.7M) | — |
| Loss on debt extinguishment | $3.1M | $3.1M | $3.1M | — |
| Accounts receivable | ($225.3M) | ($91.4M) | ($66.6M) | ($166.1M) |
| Inventories | ($699.4M) | ($421.4M) | ($219.1M) | ($97.3M) |
| Accounts payable | $349.7M | $205.6M | $105.4M | $128.3M |
| Contract liabilities | ($2.8M) | ($8.3M) | ($8.0M) | $4.6M |
| Income taxes | ($21.1M) | ($29.2M) | $37.2M | ($2.2M) |
| Accrued compensation and benefits | $17.9M | ($15.6M) | ($48.2M) | $29.9M |
| Other operating net assets (liabilities) | ($229.2M) | ($57.8M) | $40.8M | ($34.3M) |
| Net cash provided by operating activities | $10.1M | $103.9M | $46.0M | $503.3M |
| Additions to property, plant & equipment | ($547.2M) | ($257.5M) | ($103.9M) | ($309.5M) |
| Proceeds from sale of equity investment | $48.8M | $31.5M | $9.6M | — |
| Proceeds from the sale of business, net of fees | $437.3M | $385.8M | $391.1M | — |
| Purchases of short-term investments | ($825.0M) | — | — | — |
| Other investing activities | ($5.0M) | ($1.5M) | ($18.0K) | ($1.0M) |
| Net cash used in investing activities | ($891.1M) | $158.3M | $296.8M | ($283.5M) |
| Proceeds from borrowing of credit facility | $1.3B | $1.3B | $1.3B | — |
| Proceeds from borrowings of revolving credit facilities | $628.8M | $313.6M | $88.9M | $35.9M |
| Proceeds from issuance of common shares | 2.0B | — | — | — |
| Payments on existing debt | ($1.8B) | ($1.7B) | ($1.7B) | ($386.0M) |
| Payments on borrowings under revolving credit facilities | ($624.9M) | ($251.3M) | ($77.0M) | ($34.1M) |
| Debt issuance costs | ($9.1M) | ($9.1M) | ($8.5M) | — |
| Proceeds from exercises of stock options and purchases of stock under employee stock purchase plan | 51.8M | 30.1M | 21.3M | 47.5M |
| Payments in satisfaction of employees’ minimum tax obligations | ($51.6M) | ($44.6M) | ($37.4M) | ($48.9M) |
| Cash dividends paid | ($11.4M) | ($11.4M) | ($11.4M) | — |
| Other financing activities | $765.0K | $555.0K | $335.0K | ($719.0K) |
| Net cash provided by (used in) financing activities | $1.5B | ($378.4M) | ($421.5M) | ($386.5M) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | ($2.0M) | $12.2M | ($1.3M) | $3.0M |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | $592.9M | ($104.1M) | ($80.0M) | ($163.7M) |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Period | $1.6B | $1.6B | $1.6B | $1.8B |
| Cash, Cash Equivalents, and Restricted Cash at End of Period | $2.2B | $1.5B | $1.6B | $1.6B |
| Cash paid for interest | $135.4M | $103.0M | $41.0M | $187.8M |
| Cash paid for income taxes | $167.8M | $100.5M | $49.4M | $107.8M |
| Additions to property, plant & equipment included in accounts payable | $201.9M | $126.3M | $71.6M | $77.8M |
Coherent Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.