Coherent Corp. stock research
FY2026 Q3
Coherent (COHR) Gross Margin — Quarter Ended Mar 31, 2026
Revenue and gross profit both increased, while cost of revenue remained stable sequentially, leading to an improved gross margin. Compared to the same quarter last year, revenue, gross profit, and cost of revenue all increased, with gross margin higher.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q3
Revenue and gross profit both increased, while cost of revenue remained stable sequentially, leading to an improved gross margin. Compared to the same quarter last year, revenue, gross profit, and cost of revenue all increased, with gross margin higher.
- Revenue grew while cost of revenue held steady, resulting in a higher gross margin.
- Compared to the prior quarter, gross margin improved; versus the same quarter last year, gross margin also improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
37.7%
Gross profit
$679.9M
Revenue
$1.8B
Cost of revenue
$1.1B
Quarter-over-quarter change
+0.7 pts
Year-over-year change
+2.4 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 |
|---|---|---|---|---|
| Jun 30, 2025 | $1.5B | $546.1M | $983.3M | 35.7% |
| Sep 30, 2025 | $1.6B | $579.2M | $1.0B | 36.6% |
| Dec 31, 2025 | $1.7B | $622.8M | $1.1B | 36.9% |
| Mar 31, 2026 | $1.8B | $679.9M | $1.1B | 37.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+0.7 pts
Year-over-year change
Mar 31, 2025
+2.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Revenue grew while cost of revenue held steady, resulting in a higher gross margin.
Compared to the prior quarter, gross margin improved; versus the same quarter last year, gross margin also improved.
Monitor the trend of cost of revenue relative to revenue, as any increase in cost could pressure margins.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Coherent Corp. (COHR) | 37.7% |