OverviewSuggest Edit

Coherent is a provider of lasers, laser-based technologies, and laser-based system solutions in a range of scientific, commercial, and industrial applications. 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, flat panel displays, machine tools, automotive, medical diagnostics, and other industries.
TypePublic
Founded1966
HQSanta Clara, CA, US
Websitecoherent.com
Employee Ratings4.4
Overall CultureC-

Latest Updates

Employees (est.) (Oct 2020)4,875(-5%)
Job Openings164
Revenue (FY, 2020)$1.2 B(-14%)
Share Price (Jul 2021)$256.6(-1%)
Cybersecurity ratingBMore

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 and 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, Plymouth, Wilsonville, Hilton and in 27 other locations
Santa Clara, CA, US (HQ)
5100 Patrick Henry Dr
Plymouth, MI, US
40984 Concept Dr
Wilsonville, OR, US
27650 SW 95th Ave
Hilton, AU
116 Sir Donald Bradman Dr
Mississauga, CA
3600 Laird Rd
Beijing, CN
Room 1006-1009, Raycom Info Park Tower B, No.2, Kexueyuan South Road, Haidian District
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Coherent Financials and Metrics

Coherent Revenue

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Coherent's revenue was reported to be $1.23 b in FY, 2020 which is a 14.1% decrease from the previous period.
USD

Revenue (Q2, 2021)

374.0m

Gross profit (Q2, 2021)

141.0m

Gross profit margin (Q2, 2021), %

37.7%

Net income (Q2, 2021)

(158.2m)

EBIT (Q2, 2021)

(196.2m)

Market capitalization (22-Jul-2021)

6.3b

Closing stock price (22-Jul-2021)

256.6

Cash (2-Jan-2021)

508.2m

EV

5.8b
Coherent's current market capitalization is $6.3 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

1.9b1.4b1.2b

Revenue growth, %

10%(25%)(14%)

Cost of goods sold

1.1b944.2m818.1m

Gross profit

830.7m486.5m410.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

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

Cost of goods sold

233.8m242.1m241.2m211.5m199.0m203.1m206.1m233.0m

Gross profit

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

Gross profit Margin, %

39%35%29%34%32%32%37%38%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

87.5m207.1m247.4m53.8m(414.1m)

Depreciation and Amortization

34.4m104.2m113.4m116.4m

Inventories

(55.7m)(11.4m)(78.1m)17.8m28.5m

Accounts Payable

9.7m8.3m(9.7m)(15.2m)8.2m
Quarterly
USDFY, 2016

Financial Leverage

1.3 x
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Coherent Operating Metrics

Coherent's Backlog was reported to be $502.1m in FY, 2019.
FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Backlog

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

Backlog (Specialty Lasers and Systems)

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

Patent Applications

147139133275245225

Patents Issued

427484565700725785
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Coherent Acquisitions / Subsidiaries

Company NameDateDeal Size
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
Beam DynamicsApril 29, 2010$6.52 m
StockerYaleOctober 30, 2009$15 m
NuvonyxMay 04, 2007$14 m
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Coherent Revenue Breakdown

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Coherent revenue breakdown by business segment: 61.8% from OEM Laser Sources and 38.2% from Industrial Lasers & Systems

Coherent revenue breakdown by geographic segment: 8.0% from Japan, 8.1% from Asia-Pacific, other, 10.0% from Germany, 10.7% from Europe, other, 16.8% from China, 21.1% from South Korea, 25.2% from United States and 0.0% from Other

Human Capital Metrics

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Coherent Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

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

    C-

    63/100

  • CEO Rating

    C-

    63/100

  • Compensation

    C+

    68/100

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Coherent News and Updates

Coherent, Inc. Reports Second 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 second fiscal quarter ended April 3, 2021.

II-VI and Coherent Provide Update on Transaction Milestones

II-VI Incorporated (NASDAQ: IIVI) and Coherent, Inc. (NASDAQ: COHR) today provided an update on their previously announced merger to create a diversified global leader in photonic solutions, compound semiconductors, and laser technology and systems that is well-positioned to take advantage of irreve…

Coherent Board Accepts II-IV Acquisition Proposal

Coherent, Inc. (NASDAQ: COHR) today announced that its board of directors has determined, after consultation with its financial and legal advisors, that the previously disclosed acquisition proposal Coherent received from II-VI Incorporated (NASDAQ: IIVI) on March 17, 2021 continues to be a “Company…

Coherent Confirms Receipt of New Acquisition Proposal From Lumentum

Coherent, Inc. (NASDAQ: COHR) today announced that it has received a new acquisition proposal from Lumentum Holdings Inc. (NASDAQ: LITE). Under the terms of Lumentum’s new proposal, each share of Coherent common stock would be exchanged for $230.00 in cash and 0.6724 of a share of Lumentum common st…

Coherent, Inc. to Present at the Stifel 2019 Cross Sector Insight Conference

SANTA CLARA, Calif., May 30, 2019 /PRNewswire/ -- Coherent, Inc. (NASDAQ: COHR) today announced that its President and Chief Executive Officer John Ambroseo, and Executive Vice President and Chief Financial Officer Kevin Palatnik, will participate in a fireside chat with investors at the...

The OSA Foundation, Coherent Inc., Name First Recipient of The Bernard J. Couillaud Prize

Postdoctoral researcher David Carlson Seeks to Develop New Material to Enable the Integrated Photonics Revolution.read more
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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 4,875 employees.

  • What is Coherent revenue?

    Latest Coherent annual revenue is $1.2 b.

  • What is Coherent revenue per employee?

    Latest Coherent revenue per employee is $252.1 k.

  • Who are Coherent competitors?

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

  • 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, Plymouth, Wilsonville, Hilton and in 27 other locations.

  • How many offices does Coherent have?

    Coherent has 33 offices.