OverviewSuggest Edit

Coherent is a provider of lasers, laser-based technologies, and laser-based system solutions. It operates through two segments: OEM Laser Sources (OLS) and Industrial Lasers and Systems (ILS). The company designs, manufactures, and markets lasers, laser tools, precision optics, and related accessories. Coherent serves microelectronics, machine tools, automotive, medical diagnostics, industrial, commercial, and other sectors.
TypePublic
Founded1966
HQSanta Clara, CA, US
Websitecoherent.com
Employee Ratings4.5
Overall CultureD+

Latest Updates

Employees (est.) (Oct 2021)5,085(+5%)
Job Openings250
Revenue (FY, 2021)$1.5 B(+22%)
Share Price (May 2022)$269.4
Cybersecurity ratingAMore
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Key People/Management at Coherent

Andy Mattes

Andy Mattes

President, Chief Executive Officer, Director
Kevin Palatnik

Kevin Palatnik

Executive Vice President, Chief Financial Officer
Mark S. Sobey

Mark S. Sobey

Executive Vice President, Chief Operating Officer
Bret DiMarco

Bret DiMarco

Executive Vice President, Chief Legal Officer and Corporate Secretary
Garry Rogerson

Garry Rogerson

Chair of the Board
Jay T. Flatley

Jay T. Flatley

Director
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Coherent Office Locations

Coherent has offices in Santa Clara, Bloomfield, East Granby, Monrovia and in 42 other locations
Santa Clara, CA, US (HQ)
5100 Patrick Henry Dr
Bloomfield, CT, US
1280 Blue Hills Ave
East Granby, CT, US
7 Airport Park Rd
Monrovia, CA, US
850 E Duarte Rd
Nuevo Leon, TX, US
1130 N International Blvd
Plymouth, MI, US
40984 Concept Dr
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Coherent Financials and Metrics

Coherent Revenue

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Coherent's revenue was reported to be $1.49 b in FY, 2021 which is a 21% increase from the previous period.
USD

Revenue (Q1, 2022)

384.5m

Gross profit (Q1, 2022)

167.6m

Gross profit margin (Q1, 2022), %

43.6%

Net income (Q1, 2022)

30.3m

EBIT (Q1, 2022)

42.5m

Market capitalization (13-May-2022)

6.7b

Closing stock price (13-May-2022)

269.4

Cash (1-Jan-2022)

392.6m

EV

6.7b
Coherent's current market capitalization is $6.7 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

1.4b1.2b1.5b

Revenue growth, %

(25%)(14%)21%

Cost of goods sold

944.2m818.1m918.6m

Gross profit

486.5m410.9m568.8m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

383.1m372.9m339.2m320.8m293.1m298.3m326.1m374.0m395.8m384.5m

Cost of goods sold

233.8m242.1m241.2m211.5m199.0m203.1m206.1m233.0m239.8m216.9m

Gross profit

149.4m130.7m98.0m109.3m94.1m95.3m120.0m141.0m156.0m167.6m

Gross profit Margin, %

39%35%29%34%32%32%37%38%39%44%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

305.8m440.3m456.5m

Accounts Receivable

267.6m220.3m249.4m

Prepaid Expenses

78.0m88.3m79.6m

Inventories

442.5m426.8m392.2m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

349.6m369.3m379.0m508.2m353.0m394.1m392.6m

Accounts Receivable

235.9m202.7m197.8m226.2m248.9m256.2m243.4m

Prepaid Expenses

87.0m89.0m90.2m91.8m83.2m87.7m100.4m

Inventories

449.6m457.4m449.0m416.4m393.7m400.5m393.6m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

53.8m(414.1m)(106.8m)

Depreciation and Amortization

116.4m76.8m54.8m

Inventories

17.8m28.5m29.0m

Accounts Payable

(15.2m)8.2m42.5m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

5.8m(413.1m)(421.8m)144.0k(158.1m)(127.8m)30.3m

Depreciation and Amortization

25.5m50.2m63.4m13.2m26.7m41.0m12.4m

Inventories

(867.0k)(19.3m)(164.0k)18.6m30.1m28.0m(6.6m)

Accounts Payable

789.0k9.9m14.7m(912.0k)30.9m44.4m(4.1m)
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Coherent Operating Metrics

Coherent's Backlog was reported to be $717.1m in FY, 2021.
FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Backlog

$328.3 m$309.5 m$605.3 m$1.04 b$759.9 m$502.1 m$548 m$717.1 m

Backlog (Specialty Lasers and Systems)

$253 m$219.3 m$515.2 m$801.4 m$488.8 m$309.5 m$354.5 m$426 m

Backlog (Commercial Lasers and Components)

$75.3 m$90.2 m$90.1 m$238.6 m$271.1 m$192.6 m$193.5 m$291.1 m

Patents Issued

427484565700725785880890
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Coherent Acquisitions / Subsidiaries

Company NameDateDeal Size
Electro-Optics TechnologyApril 19, 2021$29.3 m
OndaxOctober 05, 2018$12 m
OR LaserMarch 08, 2018$47.4 m
Rofin - SinarMarch 16, 2016$942 m
RaydianceJuly 28, 2015
Tinsley LaboratoriesJuly 01, 2015$4.3 m
LUMERA LASERDecember 20, 2012$52 m
Innolight Innovative Laser and SystemtechnikNovember 05, 2012$18.3 m
MiDaz LasersNovember 01, 2012$3.8 m
HypertronicsNovember 05, 2010$14.5 m
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Coherent Revenue Breakdown

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Coherent revenue breakdown by business segment: 38.6% from Industrial Lasers & Systems and 61.4% from OEM Laser Sources

Coherent revenue breakdown by geographic segment: 18.4% from South Korea, 9.3% from Europe, Other, 9.2% from Asia-Pacific, Other, 8.0% from Japan, 22.6% from United States, 18.4% from China, 9.4% from Germany and 4.7% from Other

Human Capital Metrics

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Coherent Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Coherent Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Coherent Online and Social Media Presence

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Coherent Company Culture

  • Overall Culture

    D+

    63/100

  • CEO Rating

    C-

    63/100

  • Compensation

    C+

    68/100

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Coherent News and Updates

Coherent Laser FrameWork Software Platform Improves Cutting, Welding, and Marking Productivity

Our integrated software platform for Coherent laser systems brings together job setup, processing, automation, and connectivity to deliver better results and higher throughput.

Coherent BeamInspect Puts Laser Beam Metrology into Production

Coherent is excited to announce a solution to this problem with BeamInspect – a laser beam diagnostic accessory that integrates directly into our StarCut Tube, ExactCut, and ExactWeld laser machines. It delivers all the measurement capabilities you need to fine tune your process to perfection – and …

Effective, Economical, Precision Laser Process Monitoring with Coherent SmartSense+

Coherent makes laser process monitoring easier and more accessible than ever with the introduction of SmartSense+. This accessory enables improved laser processing results and better reproducibility, and also provides traceability and documentation data. The latter is particularly vital in medical d…

Fully Automated ExactMark 210 TL Delivers Low-Cost, High-Volume Marking

The popular ExactMark family of compact laser marking systems has been expanded to support cost-optimized marking of high-volume parts and components. The new ExactMark 210 TL series features flexible tray loading/unloading and positioning, with fully automated operation, including mark QC. This mea…

Coherent, Inc. Reports First Fiscal Quarter Results

Coherent, Inc. (NASDAQ, COHR), one of the world's leading providers of lasers, laser-based technologies and laser-based system solutions in a broad range of scientific, commercial and industrial applications, today announced financial results for its first fiscal quarter ended January 1, 2022.

Coherent and Cañada College Create Photonics Certificate

The invention of the microprocessor unlocked a new era of human development; no aspect of our lives is untouched by it. However, the time has come to look beyond electrons.
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Coherent Frequently Asked Questions

  • When was Coherent founded?

    Coherent was founded in 1966.

  • Who are Coherent key executives?

    Coherent's key executives are Andy Mattes, Kevin Palatnik and Mark S. Sobey.

  • How many employees does Coherent have?

    Coherent has 5,085 employees.

  • What is Coherent revenue?

    Latest Coherent annual revenue is $1.5 b.

  • What is Coherent revenue per employee?

    Latest Coherent revenue per employee is $292.5 k.

  • Who are Coherent competitors?

    Competitors of Coherent include nLIGHT, MKS Instruments and Excelitas Technologies.

  • Where is Coherent headquarters?

    Coherent headquarters is located at 5100 Patrick Henry Dr, Santa Clara.

  • Where are Coherent offices?

    Coherent has offices in Santa Clara, Bloomfield, East Granby, Monrovia and in 42 other locations.

  • How many offices does Coherent have?

    Coherent has 51 offices.