Coherent Corp.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.12B | $5.81B | $4.71B | $5.16B | $3.32B | $3.11B | $2.38B | $1.36B |
| Cost of Revenue | $4.45B | $3.77B | $3.25B | $3.54B | $2.05B | $1.93B | $1.59B | $841.1M |
| Gross Profit | $2.67B | $2.04B | $1.46B | $1.62B | $1.27B | $1.18B | $791.2M | $521.3M |
| Gross Margin | 37.5% | 35.2% | 30.9% | 31.4% | 38.2% | 37.9% | 33.2% | 38.3% |
| Operating Expenses | ||||||||
| Research & Development | $723.0M | $581.9M | $478.8M | $499.6M | $377.1M | $330.1M | $339.1M | $139.2M |
| SG&A Expense | $1.04B | $926.5M | $854.0M | $1.04B | $474.1M | $445.2M | $412.6M | $233.5M |
| Operating Income | $847.7M | $94.2M | $96.1M | $-37.1M | $414.3M | $402.1M | $39.5M | $148.7M |
| Operating Margin | 11.9% | 1.6% | 2.0% | -0.7% | 12.5% | 12.9% | 1.7% | 10.9% |
| Interest Expense | — | — | — | $286.9M | $121.3M | $59.9M | $89.4M | $22.4M |
| Pretax Income | $847.7M | $94.2M | $-147.6M | $-355.6M | $281.8M | $352.6M | $-63.9M | $128.8M |
| Income Tax Expense | $60.8M | $64.1M | $11.1M | $-96.1M | $47.0M | $55.0M | $3.1M | $21.3M |
| Net Income | $805.0M | $49.4M | $-156.2M | $-259.5M | $234.8M | $297.6M | $-67.0M | $107.5M |
| Net Margin | 11.3% | 0.8% | -3.3% | -5.0% | 7.1% | 9.6% | -2.8% | 7.9% |
| EPS (Basic) | $4.34 | $-0.52 | $-1.84 | $-2.93 | $1.57 | $2.50 | $-0.79 | $1.69 |
| EPS (Diluted) | $4.12 | $-0.52 | $-1.84 | $-2.93 | $1.45 | $2.37 | $-0.79 | $1.63 |
| Shares Outstanding (Basic) | 177.3M | 154.8M | 151.6M | 137.6M | 106.2M | 104.2M | 84.8M | 63.6M |
| Shares Outstanding (Diluted) | 195.4M | 154.8M | 151.6M | 137.6M | 116.5M | 115.0M | 84.8M | 65.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |