NVIDIA invests $2B in Coherent (NYSE: COHR) for AI optics pact

Rhea-AI Filing Summary

Coherent Corp. entered into a Securities Purchase Agreement with NVIDIA and completed a private placement of 7,788,161 common shares at $256.80 per share, raising $2 billion in cash. The investment is intended to fund research and development, future capacity expansion, and operational capabilities as Coherent grows its U.S.-based manufacturing footprint.

Alongside the equity investment, the companies announced a multi-year, non-exclusive strategic partnership that includes an NVIDIA multi‑billion‑dollar purchase commitment and future access and capacity rights for advanced laser and optical networking products used in next‑generation AI data centers. Coherent cautions that forward‑looking outcomes depend on assumptions and notes risks such as potential amendments or termination of the Purchase Agreement or collaboration, litigation, and broader business and market factors.

Positive

• $2 billion equity investment from NVIDIA via a private placement of 7,788,161 Coherent shares at $256.80 each, providing substantial non‑debt capital for R&D, capacity expansion, and U.S.-based manufacturing growth.
• Multi-year strategic partnership with NVIDIA featuring a multi‑billion‑dollar purchase commitment and future access and capacity rights for advanced optics and laser products tied to next‑generation AI data center infrastructure.

Negative

• Share issuance creates dilution for existing Coherent shareholders, as 7,788,161 new common shares were issued to NVIDIA in the private placement.
• Execution and relationship risks are explicitly noted, including the possibility of amendments or termination of the Purchase Agreement or collaboration, potential litigation, and adverse reactions from business partners.

Insights

Equity capital markets and strategic partnerships analyst

$2B NVIDIA deal gives Coherent major capital plus long-term AI optics demand.

Coherent has issued 7,788,161 new common shares to NVIDIA at $256.80 each, bringing in $2 billion of fresh equity capital. This strengthens the balance sheet without adding debt and is earmarked for R&D, capacity expansion, and U.S.-based manufacturing build‑out.

The parallel multi‑year strategic partnership includes an NVIDIA multi‑billion‑dollar purchase commitment and access and capacity rights for advanced optical and laser products. This ties Coherent more closely to AI data center growth, but actual volumes will depend on NVIDIA’s long‑term infrastructure spending and technology roadmaps.

There is clear strategic upside from aligning with a leading AI and accelerated computing player, yet Coherent highlights risks: the Purchase Agreement or collaboration could be amended or terminated, and litigation or adverse customer reactions are possible. Future company filings covering periods after December 31, 2025 will show how the cash infusion and purchase commitments translate into revenue growth and profitability.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 2, 2026

Coherent Corp.

(Exact name of registrant as specified in its charter)

Pennsylvania		001-39375		25-1214948
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

375 Saxonburg Boulevard

Saxonburg, Pennsylvania 16056

(Address of Principal Executive Offices) (Zip Code)

(724) 352-4455

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, no par value		COHR		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3.02 Unregistered Sales of Equity Securities.

On March 2, 2026, Coherent Corp. (“Coherent” or the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with NVIDIA Corporation (“NVIDIA”), and Coherent completed the issuance and sale of 7,788,161 shares of the Company’s common stock, no par value (the “Shares”), pursuant to the Purchase Agreement, at a price of $256.80 per share for an aggregate purchase price of $2 billion in cash. The Shares were issued and sold to NVIDIA in a private placement relying upon the exemption provided by Section 4(a)(2) of the Securities Act of 1933, as amended.

NVIDIA’s investment will support research and development initiatives, future capacity expansion, and operational capabilities, as Coherent expands its U.S.-based manufacturing footprint.

Item 7.01 Regulation FD Disclosure.

The Company’s press release, dated March 2, 2026, announcing the private placement contemplated by the Purchase Agreement and a collaboration between Coherent and NVIDIA under which NVIDIA has access to five additional Coherent product families related to co-packaged optics, enabling next-generation AI infrastructure is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is furnished and shall not be treated as filed for purposes of the Securities Exchange Act of 1934, as amended.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.		Description
99.1		Press Release dated March 2, 2026

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements relating to future events and expectations that are based on certain assumptions and contingencies. The forward-looking statements are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The forward-looking statements in this Current Report involve risks and uncertainties, which could cause actual results, performance or trends to differ materially from those expressed in the forward-looking statements herein or in previous disclosures. Forward-looking statements are also identified by words such as “expects,” “anticipates,” “intends,” “believes,” “plans,” “projects” or similar expressions.

The Company believes that all forward-looking statements made in this Current Report have a reasonable basis, but there can be no assurance that management’s expectations, beliefs or projections as expressed in the forward-looking statements will actually occur or prove to be correct. These forward-looking statements include, but are not limited to, the following statements: the expansion of the supply relationship between the Company and NVIDIA and other statements that are not historical facts.

Factors that could cause actual results to differ materially from those discussed in the forward-looking statements herein include, but are not limited to: (i) the failure of any one or more of the assumptions stated above to prove to be correct; (ii) the occurrence of any event, change or other circumstances that could give rise to an amendment or termination of the Purchase Agreement or the collaboration between the companies; (iii) litigation and any unexpected costs, charges or expenses resulting from the Purchase Agreement, the collaboration between the companies and the other transactions contemplated thereby; (iv) potential adverse reactions or changes to business relationships resulting from the announcement of the Purchase Agreement or the collaboration between the companies; and (v) the risks relating to forward-looking statements and other “Risk Factors” discussed in the

Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025 and the Company’s most recent Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission for the quarter ended December 31, 2025, and additional risk factors that may be identified from time to time in future filings of the Company. The Company disclaims any obligation to update information contained in these forward-looking statements whether as a result of new information, future events or developments, or otherwise.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				Coherent Corp.
Date: March 2, 2026				By:		/s/ Rob Beard
						Rob Beard
						Chief Legal & Global Affairs Officer

Exhibit 99.1

NVIDIA and Coherent Announce Strategic Partnership to Develop Optics Technology to Scale Next-Generation Data Center Architecture

NVIDIA to invest $2B in Coherent to expand supply, deepen R&D and advance U.S.-based manufacturing

SANTA CLARA, Calif. and SAXONBURG, Penn. — March 2, 2026 — NVIDIA and Coherent Corp, (NYSE: COHR) announced a multi-year strategic agreement to advance the frontier of advanced optics technologies, including manufacturing capacity and research and development, to enable next-generation AI infrastructure.

The non-exclusive agreement includes an NVIDIA multi-billion-dollar purchase commitment and future access and capacity rights for advanced laser and optical networking products. In addition, NVIDIA is investing $2 billion in Coherent to support research and development, future capacity and operations as Coherent builds out its U.S.- based manufacturing capabilities.

Optical interconnects and advanced package integration are foundational to the next phase of AI infrastructure, as they unlock ultra-high-bandwidth, energy-efficient connectivity across AI factories. This expanded partnership harnesses NVIDIA’s leadership in AI, accelerated computing, and networking and Coherent’s expertise in optical innovation and advanced manufacturing, enabling Coherent to scale its R&D and manufacturing capacity to support the global buildout of next-generation AI data centers.

“Computing has fundamentally changed. In the age of AI, software runs on intelligence with tokens generated in real time by AI factories for every interaction and every context,” said Jensen Huang, founder and CEO of NVIDIA. “With Coherent, NVIDIA is pioneering next-generation silicon photonics to enable AI infrastructure at unprecedented scale, speed and energy efficiency.”

“This strategic relationship underscores Coherent’s role as a key enabler of next generation AI data center infrastructure,” said Jim Anderson, Chief Executive Officer of Coherent. “We are proud to expand our 20-year relationship with NVIDIA by increasing their access to include multiple product families to help them build the AI data centers of the future.”

About NVIDIA

NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.

NVIDIA Forward-Looking Statements

Certain statements in this press release including, but not limited to, statements as to: with Coherent, NVIDIA pioneering next-generation silicon photonics to enable AI infrastructure at unprecedented scale, speed, and energy efficiency; the benefits, impact, performance, and availability of NVIDIA’s products, services, and technologies; expectations with respect to NVIDIA’s third party arrangements, including with its collaborators and partners; expectations with respect to technology developments; expectations with respect to AI and related industries; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing product and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; NVIDIA’s ability to realize the potential benefits of business investments or acquisitions; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

^© 2026 NVIDIA Corporation. All rights reserved. NVIDIA and the NVIDIA logo are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and/or other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

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, please visit us at coherent.com.

Coherent Forward-Looking Statements

This press release contains forward-looking statements relating to future events and expectations that are based on certain assumptions and contingencies. The forward-looking statements are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The forward-looking statements in this press release involve risks and uncertainties, which could cause actual results, performance or trends to differ materially from those expressed in the forward-looking statements herein or in previous disclosures. Forward-looking statements are also identified by words such as “expects,” “anticipates,” “intends,” “believes,” “plans,” “projects” or similar expressions.

Coherent believes that all forward-looking statements made in this press release have a reasonable basis, but there can be no assurance that management’s expectations, beliefs or projections as expressed in the forward-looking statements will actually occur or prove to be correct. These forward-looking statements include, but are not limited to, the following statements: the expansion of the supply relationship between Coherent and NVIDIA and other statements that are not historical facts.

Factors that could cause actual results to differ materially from those discussed in the forward-looking statements herein include, but are not limited to: (i) the failure of any one or more of the assumptions stated above to prove to be correct; (ii) the occurrence of any event, change or other circumstances that could give rise to an amendment or termination of the Purchase Agreement or the collaboration between the companies; (iii) litigation and any unexpected costs, charges or expenses resulting from the Purchase Agreement, the collaboration between the companies and the other transactions contemplated thereby;

(iv) potential adverse reactions or changes to business relationships resulting from the announcement of the Purchase Agreement or the collaboration between the companies; and (v) the risks relating to forward-looking statements and other “Risk Factors” discussed in Coherent’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025 and Coherent’s most recent Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission for the quarter ended December 31, 2025, and additional risk factors that may be identified from time to time in future filings of Coherent. Coherent disclaims any obligation to update information contained in these forward-looking statements whether as a result of new information, future events or developments, or otherwise.

# # #

For further information, contact:

Mylene Mangalindan

Corporate Communications

NVIDIA Corporation

press@nvidia.com

Toshiya Hari

Investor Relations

NVIDIA Corporation

toshiyah@nvidia.com

Coherent Contacts:

Ed Trissel / Kaitlin Kikalo / Fouad Boutros

Media Relations

Joele Frank, Wilkinson Brimmer Katcher

Coherent-media@Joelefrank.com

Paul Silverstein

Investor Relations

Coherent

investor.relations@coherent.com

FAQ

What did Coherent Corp. (COHR) announce with NVIDIA in this 8-K?

Coherent announced a completed private placement of shares to NVIDIA for $2 billion in cash and a multi-year, non-exclusive strategic partnership focused on advanced optics technologies to support next-generation AI data center infrastructure and related manufacturing capacity.

How much is NVIDIA investing in Coherent Corp. (COHR) and on what terms?

NVIDIA is investing $2 billion in Coherent by purchasing 7,788,161 common shares at $256.80 per share in a private placement. The investment is intended to fund Coherent’s research and development, future capacity expansion, and operational capabilities.

What is the strategic partnership between Coherent (COHR) and NVIDIA about?

The companies entered a multi-year, non-exclusive strategic agreement covering advanced optics technologies for AI infrastructure. It includes an NVIDIA multi‑billion‑dollar purchase commitment plus future access and capacity rights for advanced laser and optical networking products supporting next‑generation AI data centers.

How will Coherent (COHR) use the $2 billion from NVIDIA’s investment?

Coherent plans to use NVIDIA’s $2 billion cash investment to support research and development initiatives, future manufacturing capacity expansion, and operational capabilities as it expands its U.S.-based manufacturing footprint for advanced optics and related technologies.

Was the NVIDIA investment in Coherent (COHR) a public offering or private placement?

The investment was completed as a private placement. Coherent issued and sold 7,788,161 common shares to NVIDIA, relying on the Section 4(a)(2) exemption under the Securities Act of 1933 for private offerings rather than conducting a registered public sale.

What risks does Coherent (COHR) highlight regarding the NVIDIA agreement?

Coherent notes that forward‑looking outcomes involve risks and uncertainties, including potential amendment or termination of the Purchase Agreement or collaboration, possible litigation and related costs, adverse reactions in business relationships, and broader risk factors described in its recent Form 10-K and Form 10-Q.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 14.0 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 2.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 16.8 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 10.6 KB