🔴 Coherent is trading 4.4% down today as gross-margin concerns overshadow strong earnings

Coherent is trading 4.4% down now at $339.86 after investors appeared to focus on gross-margin expectations despite a strong fiscal fourth-quarter report and above-consensus fiscal 2027 guidance.

• Barclays said robust demand remained intact, but lower-margin transceiver demand and only a marginal gross-margin beat left investors wanting more.
• Coherent reported $2.05 billion in revenue and $1.74 non-GAAP EPS, and guided first-quarter fiscal 2027 revenue to $2.2 billion–$2.4 billion.
• The decline follows an 8.24% gain on August 12, suggesting a sharp post-earnings reversal.