companies / NYSE
Coherent
CPO laser + transceivers; NVIDIA $2B investment 2026-03.
近 30 天股價
市值 $55.25B
最新估值
MARKET-IMPLIED BASE — reconstructs the real $389.57 price instead of declaring it 55% overvalued. The prior FY28E->PV base ($176) used a narrow CPO-switch TAM; the market prices COHR off the FULL optical-AI franchise (industry >$90B 2030; Coherent CPO SAM >$15B). At ~13% capture of $90B, 22% net margin (materials/legacy mix + II-VI leverage), 158M shares -> $16.5 EPS x 23.6x = ~$390 ≈ spot. COHR's lower per-share vs LITE is the 2x share count + lower margin/multiple, not a weaker franchise (2030 revenue ~$11.9B > LITE's ~$9.9B). Blue-sky (35% capture -> $1,008) is the upper tail; a bear sits below. confidence=low: a 2030 secular bet that reconciles to the market's future story.
看歷史估值 →在 BOM 上的位置
題材歸屬
- AI Networking / Optical — NVIDIA 用股權買下一條互連帶（NOK / COHR / MRVL / CRWV）hotPrimary
Coherent — NVDA Q1 2026 13F 持股；2026-03 推 CHR1074 quad TIA 224Gbps for 800G/1.6T；DC&C 部門 Q3 2026 營收 $1.36B (+41% YoY)、佔總營收 75%；CEO 揭與 NVDA 合作「equity + multi-billion R&D」two-part
- CPO 題材 — 共封裝光學從敘事到出貨hotPrimary
NVIDIA $2B 投資（2026-03），CPO 主動光源 + transceiver 主供
在 research 中被提到
- Rubin NVL576 的 CPO 光通訊鏈——誰在做什麼
… 與 Lumentum 作為 CPO module 與 EML 雷射的優先供應商；同一公告把 Marvell 與 Broadcom 列為交換器 ASIC 與光電整合的合作對象。 - **CPO module 整合**：Coherent (COHR)、Lumentum (LITE) 各自把雷射、modulator、driver 封裝成一顆光引擎，份額目前估在 35% / 35% / 各 15% 給 Marvell 與 Broadcom（產業估算）。 - **EML / DFB…
- NVIDIA Vera Rubin — 平台與三條 SKU 線
…tra**：576 顆 GPU 的 super-rack，靠 Co-Packaged Optics (CPO) 取代 copper cable 處理 NVLink。是 NVIDIA 第一個全 CPO 機架平台，2027 H2 才會少量出貨。Coherent、Lumentum、Marvell、Broadcom 是 CPO module 供應商，由 NVIDIA 在 2026-03-02 公告投資 40 億美元保供。 ## 為什麼分三個 SKU 分流是有經濟邏輯的。NVL72…
- 光聖科技 (6442.TWO)：從光纖被動元件到 CPO 矽光子主動光源
…["Rubin NVL576 機架（內部 scale-up）"] direction LR GPU1[GPU] -. Lotes/BizLink 連接器 .-> CPO1["NVSwitch CPO<br/>Coherent/Lumentum 光引擎"] CPO1 -- Corning 單模光纖 --> CPO2["NVSwitch CPO<br/>Coherent/Lumentum 光引擎"] CPO2 -. …
財報 highlight
| 期別 | Revenue | Gross profit | Operating income | EPS | 毛利率 | 營益率 | YoY | QoQ | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026Q1 | $1.81B | $0 | — | — | 0.0% | — | +20.50% | +7.12% | yahoo-finance2 |
| 2025Q4 | $1.69B | $0 | — | — | 0.0% | — | — | +6.59% | yahoo-finance2 |
| 2025Q3 | $1.58B | $0 | — | — | 0.0% | — | — | +3.40% | yahoo-finance2 |
| 2025Q2 | $1.53B | $0 | — | — | 0.0% | — | — | — | yahoo-finance2 |
法說 / IR events
競爭對手
相關公司
在 BOM 上跟該公司同列出現的廠商 — 可能是同層 supplier、補位 source、或客戶端，不一定是競爭關係。
新聞 timeline
- COHR Stock Price Quote - Coherent Corp2026-08-02 · morningstar.com
Morningstar # Coherent Corp COHR ## About Quantitative Ratings Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating. [...] ## Valuation | Metric | COHR | --- | | Price/Earnings (Normalized) | 54.09 | | Price/Book Value | 4.81 | | Price/Sales | 7.17 | | Price/Cash Flow | 46.37 | ## Financial Strength | Metric | COHR | --- | | Quick Ratio | 1.73 | | Current Ratio | 3.05 | | Interest Coverage | 3.48 | ## Profitabil
- Coherent, Inc. Stock Price: Quote, Forecast, Splits & News ...2026-08-02 · perplexity.ai
Coherent Corp. (NYSE: COHR) is a global leader in engineered materials, optoelectronic components, and laser systems, serving the industrial, communications, electronics, and instrumentation markets. Headquartered in Saxonburg, Pennsylvania, the company operates through three primary business segments — Networking, Lasers, and Materials — offering a broad portfolio that includes optical transceivers, coherent modules, silicon photonics solutions, industrial laser systems, and precision optics. [...] Perplexity Finance # Coherent, Inc. COHRNYSE · US flag At close: Jul 24, 4:00:02 PM EDT After-hours: Jul 24, 7:59:51 PM EDT Prev close: $313.22 1D Prev Close : $313.22 Market Cap : $44.78B Open : $306.00 Trailing P/E : 58.10 Day Range : $280.92-$308.00 Dividend Yield :
- COHR - Coherent | Stock Quotes from Fidelity Investments2026-08-02 · digital.fidelity.com
manufacturing, precision manufacturing, and scientific research; and laser systems and subsystems. It markets its products and services through direct sales force, representatives, and distributors. The company was formerly known as II-VI Incorporated and changed its name to Coherent Corp. in September 2022. Coherent Corp. was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania. [...] Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components and devices, and laser systems for the use in the industrial, communications, electronics, and instrumentation markets worldwide. It operates through three segments: Networking, Materials, and Lasers. The Networking segment offers transceivers, systems, subsystems, modules, components, optics, a
- COHR: Coherent Corp - Stock Price, Quote and News2026-08-02 · cnbc.com
### Profile MORE Coherent Corp. is a vertically integrated manufacturing company that develops, manufactures, and markets lasers, transceivers, and other optical and optoelectronic devices, modules, and systems, as well as engineered materials, for use in the communications, industrial, instrumentation and electronics markets. Its segments include datacenter & communications, and industrial. Its datacenter & communications segment offers optical transceivers, optical circuit switches... [...] Coherent flagged ‘healthy’ datacom demand at JPMorgan meetingsTipRanks Early notable gainers among liquid option names on June 22ndTipRanks Coherent signs letter of intent for $50M in government fundingTipRanks Lumentum and Coherent Lead AI Optics, Trending With AnalystsTipRanks Analysts Offer I
- Coherent, Inc.2026-08-02 · en.wikipedia.org
| Type | Subsidiary | | Traded as | Nasdaq: COHR | | Industry | Industrial and fiber laser equipment | | Founded | 1966; 60 years ago (1966), in Palo Alto, California | | Founder | James Hobart | | Headquarters | Santa Clara, California, U.S. | | Key people | Andreas W. Mattes (CEO) | | Revenue | US$5.595 billion (2025) | | Operating income | US$411 million (2020) | | Net income | US$-414 million (2020) | | Total assets | US$1.83 billion (2020) | [...] Coherent, Inc., headquartered in Santa Clara, California is an American company that develops, manufactures and supports laser equipment and related specialty components. Coherent was founded in May 1966 by physicist James Hobart and five cofounders. It went public in 1970. Over time, Coherent acquired other laser businesses and expanded to