COHERENT CORP.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 6/30/26
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 3,222 | 22.8 |
| Stockholders' equity | 10,903 | 77.2 |
| Total capitalization | 14,126 | 100.0 |
195,832,246 shares outstanding at 10 August 2026 (cover page of the 10-K filed 14 August 2026).
LONG-TERM DEBT 6/30/26
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 3,222 |
| Long-term debt, noncurrent | 3,214 |
| Current maturities | 8 |
CAPITAL STOCK 6/30/26
| Common shares authorized | 300,000,000 |
| Common shares issued | 212,615,894 |
| Treasury shares | 16,863,102 |
| Outstanding at 8/10/26 | 195,832,246 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2026 | – | – |
| 2025 | – | – |
| 2024 | – | – |
| 2023 | – | – |
| 2022 | – | – |
HISTORY AND BUSINESS
HISTORY: Incorporated in Pennsylvania. Formerly known as II-VI INC (to 1 September 2022).
BUSINESS: Classified by the SEC under Standard Industrial Classification 3827, Optical Instruments & Lenses. Large accelerated filer. Principal executive office: 375 Saxonburg Blvd, Saxonburg, PA 16056. Fiscal year ends June 30. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 6/30/26 | 6/30/25 | 6/30/24 |
|---|---|---|---|
| Revenues | 7,118 | 5,810 | 4,708 |
| Cost of revenues | 4,449 | 3,767 | 3,252 |
| Research and development | 723 | 582 | 479 |
| Selling, general and administrative | 1,045 | 926 | 854 |
| Depreciation and amortization | 522 | 554 | 560 |
| Operating income | – | – | 96 |
| Income before income taxes | 848 | 94 | (148) |
| Income taxes | 61 | 64 | 11 |
| Net income | 805 | 49 | (156) |
| Earned per share, diluted ($) | 4.12 | (0.52) | (1.84) |
| Dividends per share ($) | – | – | – |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 6/30/26 | 6/30/25 |
|---|---|---|
| Cash and equivalents | 1,162 | 909 |
| Receivables, net | 1,343 | 964 |
| Inventories | 2,581 | 1,438 |
| Total current assets | 6,925 | 3,927 |
| Property, plant and equipment, net | 2,999 | 1,878 |
| Goodwill | 4,376 | 4,471 |
| Total assets | 18,300 | 14,911 |
| Total current liabilities | 2,854 | 1,795 |
| Long-term debt | 3,214 | 3,499 |
| Total liabilities | 7,062 | 6,430 |
| Stockholders' equity | 10,903 | 5,645 |
| Total liabilities and equity | 18,300 | 14,911 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6/30/26 | 7,118 | – | 805 | 11.3 | 4.12 | – | 80 | 1,103 | (1,023) | 18,300 | 7,062 | 3,222 | 10,903 | 7.4 | 0.30 |
| 6/30/25 | 5,810 | – | 49 | 0.8 | (0.52) | – | 634 | 441 | 193 | 14,911 | 6,430 | 3,687 | 5,645 | 0.9 | 0.65 |
| 6/30/24 | 4,708 | 96 | (156) | -3.3 | (1.84) | – | 546 | 347 | 199 | 14,489 | 6,542 | 4,100 | 5,210 | -3.0 | 0.79 |
| 6/30/23 | 5,160 | (37) | (259) | -5.0 | (2.93) | – | 634 | 436 | 198 | 13,711 | 6,482 | 4,310 | 4,988 | -5.2 | 0.86 |
| 6/30/22 | 3,317 | 414 | 235 | 7.1 | 1.45 | – | 413 | 314 | 99 | 7,845 | 3,462 | 2,300 | 3,616 | 6.5 | 0.64 |
| 6/30/21 | 3,106 | 402 | 298 | 9.6 | 2.37 | – | 574 | 146 | 428 | 6,513 | 2,380 | 1,375 | 3,406 | 8.7 | 0.40 |
| 6/30/20 | 2,380 | 39 | (67) | -2.8 | (0.79) | – | 297 | 137 | 160 | 5,235 | 3,158 | 2,255 | 2,077 | -3.2 | 1.09 |
| 6/30/19 | 1,362 | 149 | 108 | 7.9 | 1.63 | – | 178 | 137 | 41 | 1,954 | 821 | 467 | 1,133 | 9.5 | 0.41 |
| 6/30/18 | 1,159 | 137 | 88 | 7.6 | 1.35 | – | 161 | 153 | 8 | 1,762 | 737 | 439 | 1,024 | 8.6 | 0.43 |
| 6/30/17 | 972 | 116 | 95 | 9.8 | 1.48 | – | 119 | 139 | (20) | 1,477 | 577 | 342 | 901 | 10.6 | 0.38 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
COHERENT CORP.
CIK 820318 · EIN 25-1214948
PRINCIPAL OFFICE:
375 Saxonburg Blvd, Saxonburg, PA 16056
Tel.: 724-352-4455
INCORPORATED:
Pennsylvania
INDUSTRY (SEC SIC CODE):
3827 · Optical Instruments & Lenses
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 6/30/26, filed 14 August 2026
FORMER NAMES:
II-VI INC
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2026 (filed 8/14/26) · 10-K FY2025 (filed 8/15/25) · 10-K FY2024 (filed 8/16/24) · 10-K FY2023 (filed 8/18/23) · 10-K FY2022 (filed 8/29/22) · 10-K FY2020 (filed 8/20/21) · 10-K FY2020 (filed 8/26/20) · 10-K FY2019 (filed 8/16/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.