Welcome to our dedicated page for Coherent news (Ticker: COHR), a resource for investors and traders seeking the latest updates and insights on Coherent stock.
Coherent Corp. reports news on a vertically integrated photonics business that develops lasers, transceivers, optical and optoelectronic components, modules, systems and engineered materials. Its updates commonly focus on financial results, capacity expansion and technology demand tied to datacenter communications, industrial applications and broader communications markets.
Recurring product news covers AI datacenter infrastructure, co-packaged optics, pluggable transceivers, multi-rail optical transport and materials platforms such as Indium Phosphide, silicon photonics, VCSELs and silicon carbide epitaxy. Company announcements also describe optical building blocks including lasers, modulators, photodiodes, pump lasers and monitoring components used in network and power applications.
Coherent Corp. (NYSE: COHR) has unveiled an uncooled dual-chip 980 nm micro-pump laser delivering a powerful 2x400 mW output in a compact 3-pin module. This industry-first innovation is designed for next-generation coherent transceivers in data center interconnects and compact amplifiers for metro and long-haul networks. The laser operates efficiently in space- and power-constrained environments, with temperatures ranging from -20 to 85 degrees Celsius, consuming less than 2 W of power. It features an internal fiber grating for wavelength stabilization and a reduced-clad, bend-insensitive 80 μm single-mode fiber, supporting a 5 mm bending radius. The ultra-compact device measures just 10 mm x 4.4 mm. Samples are available now, with qualification and volume production scheduled for Q1 CY2025.
Coherent Corp. (NYSE: COHR) has announced the industry's first L-band 800 Gbps coherent pluggable transceiver in a QSFP-DD form factor. This innovative product will be showcased at ECOC 2024 in Frankfurt, Germany. The new standardized 800G ZR/ZR+ pluggable module allows disaggregation, supporting an open ecosystem in a smaller and more efficient form factor.
Key features include:
- Expansion from C-band to L-band, doubling fiber capacity from 32 Tbps to 64 Tbps
- High optical output power for best-in-class transmission performance
- Availability in both QSFP-DD and OSFP form factors
- Cost reduction of more than 400% by eliminating additional optical equipment
- Customer sampling to begin in Q4 2024
Coherent Corp. (NYSE: COHR) has been selected for Phase 3 of the IARPA RESILIENCE program, focusing on developing high-energy rechargeable lithium-sulfur (Li-S) batteries. This follows their successful completion of Phase 2 in June 2024. The program aims to create reliable power sources for extreme environments and secure domestic supply chains for battery materials. Coherent's proprietary chalcogen immobilization technology has shown promising results, delivering exceptional energy density, fast charge/discharge capabilities, and unprecedented calendar life.
In Phase 3, Coherent will transition from R&D to producing pre-commercial, manufacturable battery samples for rigorous testing. The company's Li-S technology is built on a strong patent portfolio, enabling sulfur cathodes to operate near theoretical capacity with high cycle stability and efficiency. Coherent will execute Phase 3 under a 12-month, $2.45 million contract with IARPA.
Coherent Corp. (NYSE: COHR) has expanded its optical communications test portfolio with new high-port-count instruments in the WaveShaper family and enhanced offerings in the WaveMaker family. The new products include:
1. WaveShaper® 32000B and 32002B reconfigurable optical processors, available in Super-C and Super-C plus Super-L band configurations.
2. WaveMaker® 500A programmable optical spectrum generator for Super-C band applications.
These instruments offer full programmability of attenuation and phase across the spectrum, with a high port count of 1x31. They support various configurations and cover up to 12.5 THz, meeting the growing demand for advanced optical systems in meshed network topologies. The WaveMaker 500A enhances transceiver and amplifier testing with over 20 dBm of optical output power.
Coherent Corp. (NYSE: COHR) has launched a new family of high-efficiency continuous wave (CW) distributed feedback (DFB) lasers for silicon photonics transceiver modules. These indium phosphide (InP) lasers are designed to operate in the O-band (1310 nm region) and offer 15% greater power efficiency than current industry standards. The first product, a 70 mW 1310 nm laser, will begin commercial shipments in September 2024.
Key features include:
- Uncooled, non-hermetic operation up to 85°C junction temperature
- Exceptional reliability due to aluminum-free active quantum-well region
- Planned expansion to a 6-inch InP fab in Sherman, Texas, by 2026, increasing production capacity by 5x
These lasers address the growing bandwidth demands in AI-driven data centers and are important for 800G and 1.6T optical transceivers.
Coherent Corp. (NYSE: COHR) reported its Q4 and full-year fiscal 2024 results, showing significant growth and improvement. Q4 revenue reached $1.314 billion, up 9.1% year-over-year. The company's Q4 GAAP gross margin improved to 32.9%, a 437 bps increase Y/Y, while non-GAAP gross margin rose to 37.2%, up 132 bps Y/Y. Q4 GAAP EPS improved by $1.02 Y/Y to ($0.52), and non-GAAP EPS grew 49% Y/Y to $0.61. For the full fiscal year 2024, revenue was $4.708 billion. The company saw strong growth in AI-related Datacom transceiver business and achieved a milestone of shipping over 300 million Datacom transceivers from its Malaysia facility.
Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, has announced the date for its FY2024 Fourth-Quarter and Fiscal Year-End Results Conference Call. The company will release its financial results for the quarter and fiscal year ended June 30, 2024, after market close on Thursday, August 15. Coherent's management will host a live audio webcast to discuss these results at 5 p.m. ET on the same day.
Interested parties can access the live webcast through the company's website or via a provided link. A recording of the call will be available for a time. Coherent, headquartered in Saxonburg, Pennsylvania, serves diverse applications in industrial, communications, electronics, and instrumentation markets with its breakthrough technologies.
Coherent Corp. (NYSE: COHR) has reached a significant milestone in the Thirty Meter Telescope (TMT) project, completing its 100th polished mirror segment. The company is using advanced stress mirror polishing (SMP) technique to produce hexagonal segments for the TMT's 30-meter primary mirror, achieving a rate of one segment per week. Coherent's contribution was praised by TMT representatives during a recent visit.
The company has also installed an advanced ultrasonic CNC machine capable of addressing two-meter-sized optics, marking the next major phase of the TMT program. This machine will be important for machining the roundels into their final hexagonal shapes. Coherent's expertise in precision large-format optics and high-volume manufacturing positions it as a leader in the field, building on its previous work on projects like the James Webb Space Telescope.
Coherent Corp. (NYSE: COHR) has announced a major milestone, shipping its 300-millionth optical transceiver from its Ipoh, Malaysia facility. This achievement highlights the company's robust supply chain solutions and advanced manufacturing capabilities. The Ipoh facility, established in 2001, spans 640,000 square feet, employs 3,600 skilled workers, and plays a critical role in producing next-generation optical transceivers. Coherent's strategic location and infrastructure contribute to its competitive edge in the global market, particularly in meeting the demands of the AI datacom sector.
Coherent Corp. (NYSE: COHR) has appointed Jim Anderson as the new Chief Executive Officer, effective June 3, 2024. Anderson joins Coherent from Lattice Semiconductors, where he served as President and CEO, driving corporate strategy and achieving record profits and margins. He replaces Dr. Vincent D. Mattera, Jr., who is retiring. Anderson brings extensive experience in transforming global businesses and is expected to leverage Coherent's AI-related datacom portfolio and industrial market opportunities. Anderson has held leadership roles at AMD, Intel, and Broadcom, among others.