Stack L2
Coherent Corp.
Optical transceiver and laser supplier scaling 800G/1.6T datacom for AI networking
HQ US
Fit Score
avg of 9 segmentsRecent Business Signals
Sep 8, 2026
news_mention
AI data centers and optical links take the stage in Málaga - stocktitan.net AI data centers and optical links take the stage in Málaga stocktitan.net
source: gnews-coherent-cpo
Sep 1, 2026
news_mention
Top Silicon Photonics Stocks 2026: The Optical Computing Boom - Exoswan Insights Top Silicon Photonics Stocks 2026: The Optical Computing Boom Exoswan Insights
source: gnews-coherent-cpo
Aug 26, 2026
news_mention
SK Hynix Just Expanded Coherent’s AI Upside - 24/7 Wall St. SK Hynix Just Expanded Coherent’s AI Upside 24/7 Wall St.
source: gnews-coherent-cpo
Aug 18, 2026
news_mention
Coherent: an AI-focused photonics stock to watch - UK Investor Magazine Coherent: an AI-focused photonics stock to watch UK Investor Magazine
source: gnews-coherent-cpo
Aug 14, 2026
earnings
iivi-20260630 FALSE 2026 FY 0000820318 http://fasb.org/us-gaap/2026#AccountsPayableCurrent http://fasb.org/us-gaap/2026#AccountsPayableCurrent http://fasb.org/us-gaap/2026#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2026#ResearchAndD…
source: sec_edgar
Aug 13, 2026
news_mention
Coherent's AI Datacenter Revenue Surges 59% as Q4 Sales Hit $2.05 Billion - AIM Media House Coherent's AI Datacenter Revenue Surges 59% as Q4 Sales Hit $2.05 Billion AIM Media House
source: gnews-coherent-cpo
Aug 13, 2026
news_mention
An Autopsy on Coherent: Jim Anderson Rebuilt the Company Around AI Optics - Dr. Robert Castellano's Semiconductor Deep Dive Newsletter An Autopsy on Coherent: Jim Anderson Rebuilt the Company Around AI Optics Dr. Robert Castellano's Semicon…
source: gnews-coherent-cpo
Jul 31, 2026
news_mention
Lumentum CEO warns of impending bottleneck on critical material used for silicon photonics — fab and material shortfall already lags 30% below customer needs as co-packaged optics demand skyrockets - Tom's Hardware Lumentum CEO warns of imp…
source: gnews-coherent-cpo
Jul 22, 2026
news_mention
AXT Eyes Co-Packaged Optics: Can It Become the Next Growth Driver? - TradingView AXT Eyes Co-Packaged Optics: Can It Become the Next Growth Driver? TradingView
source: gnews-coherent-cpo
Jul 10, 2026
news_mention
InP or out: the real reason behind Coherent’s $50 million bet - Yole Group InP or out: the real reason behind Coherent’s $50 million bet Yole Group
source: gnews-coherent-cpo
Jun 25, 2026
news_mention
World Silicon Photonic Transceivers - Market Analysis, Forecast, Size, Trends and Insights - IndexBox World Silicon Photonic Transceivers - Market Analysis, Forecast, Size, Trends and Insights IndexBox
source: gnews-coherent-cpo
Jun 24, 2026
news_mention
Photonics100 Nominations Open: Shaping Optical Communications Infrastructure - fibre-systems.com Photonics100 Nominations Open: Shaping Optical Communications Infrastructure fibre-systems.com
source: gnews-coherent-cpo
Jun 18, 2026
news_mention
Tower Semiconductor ships 5 million coherent photonic circuits to Marvell for AI data centers - Crypto Briefing Tower Semiconductor ships 5 million coherent photonic circuits to Marvell for AI data centers Crypto Briefing
source: gnews-coherent-cpo
Jun 17, 2026
news_mention
Silicon Photonics Market Size, Share | Growth Report 2035 - Market Research Future Silicon Photonics Market Size, Share | Growth Report 2035 Market Research Future
source: gnews-coherent-cpo
Jun 17, 2026
news_mention
Coherent’s New Texas Plant Replaces Copper With Light, Powering NVIDIA’s 576-GPU Vera Rubin Data Centers & The Silicon Photonics Era - Wccftech <a href=" targ
source: gnews-coherent-cpo
Jun 16, 2026
funding
Coherent Corp. signed a letter of intent for up to $50 million in CHIPS and Science Act funding from the U.S. Department of Commerce to expand its 6-inch InP AI semiconductor manufacturing facility in Sherman, Texas.
source: funding-research
Jun 16, 2026
news_mention
World Silicon Photonic Chips - Market Analysis, Forecast, Size, Trends and Insights - IndexBox World Silicon Photonic Chips - Market Analysis, Forecast, Size, Trends and Insights IndexBox
source: gnews-coherent-cpo
Funding & valuation history
Jun 16, 2026 · funding-research
Coherent Corp. signed a letter of intent for up to $50 million in CHIPS and Science Act funding from the U.S. Department of Commerce to expand its 6-inch InP AI semiconductor manufacturing facility in Sherman, Texas.
May 26, 2026 · funding-research
Coherent Corp. secured a $1 billion co-investment from DENSO and Mitsubishi Electric ($500 million each) for silicon carbide (SiC) wafer production.
May 6, 2026 · funding-research
Coherent Corp. was added to the S&P 500 index on May 6, 2026.
Feb 9, 2026 · funding-research
Coherent Corp. raised a $14.4 million Seed round led by FutureX Capital and Puhua Capital.
Jan 1, 2026 · funding-research
NVIDIA made a $2 billion equity investment in Coherent Corp., accompanied by a multi-year supply agreement for AI datacenter products including co-packaged optics and optical circuit switches.
Jun 1, 2025 · funding-research
NVIDIA made a $2 billion equity investment in Coherent Corp. for R&D and production expansion in co-packaged optics.
Jun 1, 2024 · funding-research
Coherent Corp. received a $2 billion equity investment from NVIDIA to fund AI R&D and production expansion.
Strategic Position
What they do best
Vertically integrated optics — owns indium-phosphide laser/EML fab through to pluggable transceiver assembly — placing it in the same physical-interconnect layer as peer Marvell Technology's optical DSP franchise.
Their bet
That AI-cluster scale-out forces 800G→1.6T pluggable and co-packaged optics volume faster than copper can stretch, making in-house laser supply (vs. merchant-laser competitors) the binding constraint it can monetize.
Top risk
EML/laser fab yield cannot ramp to 1.6T volume before hyperscalers qualify second sources, ceding design wins to Marvell-DSP-led module partners within the next two quarters — falsifiable via 1.6T qualification announcements by Q4 2026.
Compared to peers
Direct competitor
Marvell Technology, Inc.
Marvell leads with optical DSP/PAM4 silicon and partners for lasers; Coherent owns the laser/EML fab but lacks Marvell's DSP attach.
Substitute
Astera Labs, Inc.
Astera's electrical retimers and active copper extend reach without optics at rack scale, displacing short-reach optical modules where Coherent competes.
Why someone would join
- 1.Fit-score model rates Coherent avg 75.1 across all 4 segments (range 73.9–76.9, segment 23bfd311 highest at 76.9) — a consistently above-baseline profile with no weak segment, unlike single-segment-spike peers.
- 2.Sits in the same L1 physical-interconnect layer as NVIDIA (customer) and Marvell (competitor): a vertically integrated laser-to-transceiver maker positioned on the AI-network bottleneck NVIDIA's scale-up roadmap depends on.
Recent Hiring (60 days)
No specialty signals in the last 60 days.
Reverse-Hype Watch
- !Issuance of $2,000,000k in common shares occurred alongside $57,291k in restructuring charges, including employee severance, for the nine months ended March 31, 2026.
- !Capacity build unbacked by direct customer signals: capex $547,228K (+77%) and inventories +$699,420K (to $2.13B, +48%) 'ahead of AI optics orders' while business_signals_180d is empty and 10-Q has 'no explicit customer case studies'; operating cash fell to $10,058K from $503,316K.
- !Capacity claim weakly backed: capex +77% ($547.2M 9M) and inventory +48% to $2.13B built 'ahead of AI optics orders', but operating cash flow collapsed to $10.1M from $503.3M and no customer-win/business_signals supplied to confirm demand.
- !Capacity-vs-customer mismatch: capex '$547,228K vs $309,486K' and inventory '+48% vs $1.44B' built 'ahead of AI optics orders', but 'no explicit customer case studies in supplied signals' and business_signals_180d is empty.
- !Equity-raise-with-burn: '$2,000,000K common issuance' alongside an active '2025 Restructuring Plan' with '$57,291K' restructuring charges and operating cash flow collapsed to '$10,058K vs $503,316K'.