Coherent Corp's third quarter 2026 revenue rose 21% to $1.81B, beating estimates on strong AI datacenter demand.

Coherent reported third quarter fiscal 2026 revenue of $1.81 billion and non-GAAP EPS of $1.41, beating analyst estimates. The results were driven by accelerating demand in the company's Datacenter and Communications segment, which offset a decline in the Industrial segment. The company provided a strong outlook for the fourth quarter, guiding for continued sequential growth.

Key Highlights

• Reporting third quarter revenue growth of 21% year-over-year to $1.81 billion, ahead of the $1.78 billion consensus.
• The Datacenter & Communications segment revenue surged 41% year-over-year to $1.36 billion, reflecting robust demand for optical components for AI infrastructure.
• The company provided strong fourth quarter guidance, with revenue expected to be between $1.91 billion and $2.05 billion, implying 9% sequential growth at the midpoint.