Coherent Expands Thermal Management Portfolio with High-Performance Bondable Diamond Solutions

Rhea-AI Summary

Coherent (NYSE: COHR) launched Bondable Diamond thermal-management solutions that enable direct bonding to semiconductor die to reduce thermal interface resistance by up to 99%. The product supports die sizes up to 100mm square and bonds to materials including silicon, SiC, GaN, AlGaN, GaAs, and InP via fusion, hybrid, or metallic bonding. Coherent cites production-scale diamond growth, precision surface finishing, coatings, and semiconductor-process expertise to deliver high-yield, scalable thermal spreaders. Bondable diamond may include high-conductivity interlayers, metallic coatings, vias, channels, and optical structures and is being developed with customers now.

Positive

• Interface thermal resistance reduced by up to 99%
• Supports direct bonding on die up to 100mm square
• Compatible with key semiconductor materials: Si, SiC, GaN, AlGaN, GaAs, InP
• Vertically integrated production-scale diamond growth and finishing enabling scalable manufacturing

Negative

• None.

Key Figures

Thermal resistance reduction: up to 99% Maximum die size: 100mm square Resale shelf shares: 9,775,846 shares +3 more

6 metrics

Thermal resistance reduction up to 99% Interface thermal resistance reduction via bondable diamond

Maximum die size 100mm square Maximum semiconductor die size for direct bonding

Resale shelf shares 9,775,846 shares Automatic shelf registration for selling securityholders

Shares outstanding 187,419,766 shares Common stock outstanding as of Dec 15, 2025

Current price $191.04 Pre-news trading price on publication date

52-week range $45.58 – $210.90 Low and high over the last 52 weeks

Market Reality Check

Price: $193.46 Vol: Volume 3,573,920 vs 20-da...

normal vol

$193.46 Last Close

Volume Volume 3,573,920 vs 20-day average 3,756,907 (relative volume 0.95). normal

Technical Price 191.04 is trading above the 200-day MA at 112.08, near the upper end of the 52-week range.

Peers on Argus

COHR fell 2.51% while peers were mixed: FTV up 0.33%, TDY up 1.97%, TRMB down 5....

COHR fell 2.51% while peers were mixed: FTV up 0.33%, TDY up 1.97%, TRMB down 5.82%, KEYS and GRMN modestly negative. No momentum peers or same-day peer news were flagged, indicating a stock-specific move.

Historical Context

5 past events · Latest: Jan 15 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 15	Product launch	Positive	+6.4%	Introduced Sapphire XT compact 1W visible laser platform with higher performance.
Jan 14	Conference participation	Neutral	-3.1%	Announced expert presentations and demos at SPIE BiOS and Photonics West 2026.
Jan 13	Business spin-out	Positive	+2.6%	Attalon launched as an independent defense technology leader after acquisition.
Jan 12	Product launch	Positive	+4.0%	Expanded WaveShaper portfolio with new 1000A Sharp programmable optical filter.
Dec 11	Management change	Neutral	+0.5%	Former Coherent CFO appointed to Comtech board; highlighted prior revenue scale.

Pattern Detected

Recent product and portfolio announcements (e.g., WaveShaper 1000A Sharp, Sapphire XT) generally coincided with positive next-day moves, while conference-focused news had a weaker or negative reaction.

Recent Company History

Over the past months, Coherent has reported several product and portfolio developments. On Jan 12, 2026, it launched the WaveShaper 1000A Sharp programmable optical filter, followed by the Jan 15, 2026 launch of the Sapphire XT visible laser platform, both with positive price reactions. It also highlighted participation and thought leadership at SPIE BiOS and Photonics West 2026 and completed the launch of Attalon as an independent defense technology company. The current bondable diamond launch continues this pattern of new product introductions around Photonics West.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2025-12-16

An effective S-3ASR shelf filed on 2025-12-16 allows selling securityholders to resell up to 9,775,846 shares of common stock issued from Series B-2 preferred conversions. The company stated it will not receive proceeds from these resales and reported 187,419,766 common shares outstanding as of December 15, 2025. No usage of this shelf has been recorded yet.

Market Pulse Summary

This announcement introduces bondable diamond thermal management solutions designed to cut interface...

Analysis

This announcement introduces bondable diamond thermal management solutions designed to cut interface resistance by up to 99% on die sizes up to 100mm, expanding Coherent’s engineered materials portfolio around Photonics West. Recent history shows multiple product launches and portfolio moves in quick succession. Investors may monitor adoption in semiconductor and opto-electronic applications, the impact of the active resale shelf covering 9,775,846 shares, and ongoing insider selling patterns when assessing longer-term implications.

Key Terms

thermal interface materials (tims), thermal interface resistance, semiconductor die, fusion bonding, +4 more

8 terms

thermal interface materials (tims) technical

"Conventional thermal spreaders rely on Thermal Interface Materials (TIMs), whose thermal"

Thermal interface materials (TIMs) are soft pads, pastes or films placed between heat-generating parts (like chips) and their cooling pieces to help move heat away more efficiently; think of them as the thermal “glue” that fills tiny gaps so surfaces contact better and heat can flow. Investors care because effective TIMs improve product performance, reliability and energy use, reduce failure rates and warranty costs, and can influence manufacturing yield, product design and competitive advantage.

thermal interface resistance technical

"By eliminating or dramatically reducing thermal interface resistance, bondable diamond"

Thermal interface resistance is the measure of how well heat passes between two surfaces that touch, such as a chip and its heat sink; high resistance means heat is trapped, low resistance means heat flows away easily. For investors, it matters because poor heat transfer can reduce device performance, shorten product life, increase warranty costs and returns, and affect manufacturing choices and margins—similar to a clogged radiator making a car run hotter and less reliably.

semiconductor die technical

"surface finish that enables direct bonding to semiconductor die for electronic and"

A semiconductor die is the small, individual block of silicon that contains the actual electronic circuits of a chip after it has been cut from a processed wafer — think of it as one slice taken from a baked cake where each slice is a complete circuit. Investors care because the number of usable dice, their size, and defect rate determine manufacturing cost, supply availability, and product performance, all of which affect a maker’s revenue and profit margins.

fusion bonding technical

"through fusion, hybrid, or metallic bonding – reduces interface thermal resistance"

Fusion bonding is a manufacturing process that joins two materials by melting or chemically fusing their surfaces so they become one continuous piece, without using separate adhesives or mechanical fasteners. For investors, it matters because this method can change product strength, production speed, cost and regulatory risk—think of it like ironing two pieces of fabric so they melt into a single, stronger seam rather than sewing them together.

hybrid bonding technical

"through fusion, hybrid, or metallic bonding – reduces interface thermal resistance"

Hybrid bonding is a chip-assembly method that joins two silicon pieces face-to-face using very small metal and insulating connections, creating many tiny direct electrical links instead of relying on larger external wires. For investors, it matters because it lets device makers build smaller, faster and more energy-efficient processors and memory stacks, potentially improving product performance, reducing manufacturing costs, and creating competitive advantages along the semiconductor supply chain.

metallic bonding technical

"through fusion, hybrid, or metallic bonding – reduces interface thermal resistance"

Metallic bonding is the way metal atoms stick together: their outer electrons form a shared, mobile “sea” that holds the atoms in place while letting them move relative to each other. That structure gives metals their key traits — electrical and heat conductivity, strength, and the ability to bend without breaking — which determine how metals are used, how easy they are to process, and ultimately their industrial demand and value to investors.

gallium nitride technical

"semiconductor materials including silicon, silicon carbide, gallium nitride, aluminum"

Gallium nitride is a durable semiconductor material used to make electronic components that switch faster, handle higher voltages, and waste less energy than older silicon parts. Think of it as a lighter, more efficient motor in an appliance: it lets devices shrink, run cooler and save power, which can lower manufacturing costs, enable new products and boost sales or margins for companies that adopt it—key factors investors watch.

silicon carbide technical

"semiconductor materials including silicon, silicon carbide, gallium nitride, aluminum"

Silicon carbide is a hard, durable material made from silicon and carbon, often used in industrial applications like cutting tools and electronics. Its ability to withstand high temperatures and conduct electricity efficiently makes it valuable in manufacturing advanced electronic devices. For investors, companies working with silicon carbide are seen as key players in the growing market for high-performance electronics and energy-efficient technologies.

AI-generated analysis. Not financial advice.

SAXONBURG, Pa., Jan. 19, 2026 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in photonics, today announced the launch of its state-of-the-art Bondable Diamond solutions for thermal management: a diamond solution engineered with a specialized surface finish that enables direct bonding to semiconductor die for electronic and opto-electronic applications. By eliminating or dramatically reducing thermal interface resistance, bondable diamond significantly improves device cooling performance.

Coherent’s bondable diamond features precisely controlled surface roughness, flatness, coatings, and preparation, enabling direct bonding to semiconductor materials including silicon, silicon carbide, gallium nitride, aluminum gallium nitride, gallium arsenide, and indium phosphide. Bonding solutions may also incorporate high-thermal-conductivity interlayers and metallic coatings to meet customer requirements.

Conventional thermal spreaders rely on Thermal Interface Materials (TIMs), whose thermal resistance limits overall performance. Direct bonding – enabled by Coherent’s bondable diamond through fusion, hybrid, or metallic bonding – reduces interface thermal resistance by up to 99% and can be implemented on die sizes up to 100mm square.

Coherent uniquely combines production-scale diamond growth, world-class surface finishing, advanced coating technologies, and deep semiconductor process expertise. This vertically integrated capability enables the design and manufacture of high-performance, high-yield bondable diamond thermal spreaders at scale.

“As one of the world’s largest producers of technical diamond since 2010, and a pioneer in diamond fabrication and coating, Coherent is uniquely positioned to deliver breakthrough thermal performance through processes tailored to our customer needs,” said Steve Rummel, Senior Vice President, Engineered Materials Business Group at Coherent.

Coherent partners closely with customers to solve complex thermal and process-integration challenges on die sizes up to 100mm. Bondable diamond can be combined with other Coherent materials, including solutions from Coherent Ceramics, and may incorporate features such as conductive elements, vias, channels, and optical structures. Coherent is actively collaborating with customers today to develop materials, coatings, and bonding processes compatible with their device fabrication workflows. Attendees can learn more about bondable diamond at Photonics West 2026 in San Francisco.

For more information, visit www.coherent.com.

About Coherent 

Coherent is the global photonics leader. We harness photons to drive innovation. Industry leaders in the datacenter, communications, and industrial markets rely on Coherent’s world-leading technology to fuel their own innovation and growth.

Founded in 1971 and operating in more than 20 countries, Coherent brings the industry’s broadest, deepest technology stack; unmatched supply chain resilience; and global scale to help its customers solve their toughest technology challenges. For more information, visit us at coherent.com.

Media Contact: 

innovations@coherent.com 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8b772ec4-6f1c-4206-a3ca-587482137851

FAQ

What is Coherent's new Bondable Diamond and what stock symbol is associated with the company?

Bondable Diamond is a direct-bondable thermal spreader for semiconductors; the company trades as COHR on NYSE.

How much can Coherent's Bondable Diamond reduce thermal interface resistance for COHR customers?

Coherent states direct bonding with Bondable Diamond can reduce interface thermal resistance by up to 99%.

Which semiconductor materials and die sizes does Coherent's Bondable Diamond support?

It supports silicon, silicon carbide, gallium nitride, aluminum gallium nitride, gallium arsenide, and indium phosphide on die up to 100mm square.

What bonding methods does Coherent offer with Bondable Diamond for COHR devices?

Coherent offers fusion, hybrid, and metallic bonding and may include high-conductivity interlayers or metallic coatings to meet customer needs.

Will Coherent manufacture Bondable Diamond at scale and integrate with other materials?

Coherent describes production-scale diamond growth, precision finishing, and the ability to combine Bondable Diamond with other Coherent materials and features for scalable manufacture.