Coherent Corp. stock research
FY2026 Q1
Coherent (COHR) Gross Margin — Quarter Ended Sep 30, 2025
Revenue increased from the prior quarter and from the same quarter a year ago. Gross profit rose at a faster pace than cost of revenue, resulting in an improved gross margin.
Gross margin takeaway
Quarter ended Sep 30, 2025 · FY2026 Q1
Revenue increased from the prior quarter and from the same quarter a year ago. Gross profit rose at a faster pace than cost of revenue, resulting in an improved gross margin.
- The strongest observable driver is the relationship between gross profit and revenue: gross profit increased more rapidly than revenue, widening the margin.
- Compared to the immediately preceding quarter, gross margin strengthened. Compared to the same quarter one year earlier, gross margin also improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
36.6%
Gross profit
$579.2M
Revenue
$1.6B
Cost of revenue
$1.0B
Quarter-over-quarter change
+0.9 pts
Year-over-year change
+2.5 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Dec 31, 2024 | $1.4B | $509.4M | $925.3M | 35.5% |
| Mar 31, 2025 | $1.5B | $527.7M | $970.2M | 35.2% |
| Jun 30, 2025 | $1.5B | $546.1M | $983.3M | 35.7% |
| Sep 30, 2025 | $1.6B | $579.2M | $1.0B | 36.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2025
+0.9 pts
Year-over-year change
Sep 30, 2024
+2.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver is the relationship between gross profit and revenue: gross profit increased more rapidly than revenue, widening the margin.
Compared to the immediately preceding quarter, gross margin strengthened. Compared to the same quarter one year earlier, gross margin also improved.
Inventory levels increased from the prior quarter end, a metric to watch in upcoming periods.