$COHR Earnings. $3B Quarter In Sight

Gaetano · Gaetano · 13 августа 2026, 03:05 · ⏱ 1 мин чтения  | Читать в Substack ↗
Резюме
Coherent's earnings validate that the optical/components upcycle is accelerating: revenue printed at the top of guidance, gross margin crossed 40%, EPS beat, and management projects a $3B+ quarter by the end of fiscal 2027. The simultaneous milestone with Lumentum reinforces broad optical demand, making co-packaged optics and InP-based margin expansion positive for the optical supply chain.
  • •Coherent reported revenue at the top of guidance, gross margin crossed 40%, and EPS beat, with the next-quarter guide showing another large sequential step up.
  • •Coherent crossed the $2B quarterly revenue threshold the day after Lumentum crossed the $1B quarterly threshold for the first time.
  • •Management expects Coherent's first $3B+ quarter by the end of fiscal 2027, which the author calls a massive projection.
  • •The author's three call checks were all confirmed: 6-inch InP margin expansion, CPO/NPO timing holding after the LITE call, and more substance behind the FY27 acceleration story.
Время чтения 1 мин
Объём 919 симв.
Категория finance
Идеи
crux_capital_ Independent Photonics & AI Infrastructure Researcher
Article highlights Coherent's strong quarter — $2B revenue milestone, top-of-guidance revenue, gross margin above 40%, EPS beat, and next-quarter guide with another large sequential step up — while ma
Article highlights Coherent's strong quarter — $2B revenue milestone, top-of-guidance revenue, gross margin above 40%, EPS beat, and next-quarter guide with another large sequential step up — while management projects a $3B+ quarter by end of fiscal 2027. Risk: Execution risk on 6-inch InP margin expansion and CPO/NPO timing; optical demand remains cyclical.
COHR
crux_capital_ Independent Photonics & AI Infrastructure Researcher
Article notes Lumentum finally crossed the $1B quarterly revenue threshold the day before Coherent's $2B quarter, and the author checked CPO/NPO timing after the LITE call — suggesting broad optical/C
Article notes Lumentum finally crossed the $1B quarterly revenue threshold the day before Coherent's $2B quarter, and the author checked CPO/NPO timing after the LITE call — suggesting broad optical/CPO demand momentum across the sector. Risk: Read-through based on author's commentary; no disclosed position or specific Lumentum guidance detail provided.
LITE
Ещё от Gaetano
COHR Pre-Earnings Thoughts
12 авг, 15:06
$LITE Earnings. This Was Incredible.
12 авг, 05:05
We Have Some Strong Signals For Photonics
11 авг, 22:01
$LITE (Lumentum) Pre-Earnings Thoughts
10 авг, 21:32
Unpacking My Physical AI Portfolio
09 авг, 19:29

This newsletter, published August 13, 2026, features crux_capital_ discussing COHR, LITE. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: crux_capital_  · Tickers: COHR, LITE