Coherent posts 50% revenue jump on data-center optics, shares still down 40%
The gist
Coherent's first-quarter fiscal 2027 revenue surged 50% on optical connectivity in data centers.
A 40% monthly stock slide puts the AI-optics bet on trial.
How it unfolded
- Jun 2026Coherent signed a letter of intent for up to $50 million in federal funding to expand its Texas plant.
- Aug 2026CEO Jim Anderson said fiscal 2027 production capacity was essentially sold out, with orders extending into 2028.
- Nov 2, 2026Shares fell 4.9% to $199.95, extending a slide that had taken the stock down 40.7% over the past month.