# EDGAR Filing Document

**Accession Number:** 0000820318
**File Stem:** 0001193125-26-208972
**Filing Date:** 2026-5
**Character Count:** 65994
**Document Hash:** 77a80c88e3ef796fb7c9269cba79054c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-208972.hdr.sgml**: 20260506

**ACCESSION NUMBER**: 0001193125-26-208972

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 30

**CONFORMED PERIOD OF REPORT**: 20260506

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260506

**DATE AS OF CHANGE**: 20260506

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COHERENT CORP.
- **CENTRAL INDEX KEY:** 0000820318
- **STANDARD INDUSTRIAL CLASSIFICATION:** OPTICAL INSTRUMENTS & LENSES [3827]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 251214948
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39375
- **FILM NUMBER:** 26948471

**BUSINESS ADDRESS:**
- **STREET 1:** 375 SAXONBURG BLVD
- **CITY:** SAXONBURG
- **STATE:** PA
- **ZIP:** 16056
- **BUSINESS PHONE:** 724-352-4455

**MAIL ADDRESS:**
- **STREET 1:** 375 SAXONBURG BLVD
- **CITY:** SAXONBURG
- **STATE:** PA
- **ZIP:** 16056

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** II-VI INC
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): May 6, 2026

## Coherent Corp.

#### (Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Pennsylvania** | **001-39375** | **25-1214948** |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission**<br> **File Number)** | **(I.R.S. Employer<br>Identification No.)** |

---

#### 375 Saxonburg Boulevard

#### Saxonburg, Pennsylvania 16056

#### (Address of Principal Executive Offices) (Zip Code)
(724) 352-4455

#### (Registrant's telephone number, including area code)

#### Not Applicable

#### (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange<br>on which registered** |
| Common Stock, no par value | COHR | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

---

| | |
|:---|:---|
| **Item 2.02.** | **Results of Operations and Financial Condition.**  |

---

On May 6, 2026, Coherent Corp. (the "Company") issued a press release reporting its financial results for the third quarter of fiscal year 2026 ended March 31, 2026. A copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 furnished pursuant to Item 9.01, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities under that Section. Furthermore, the information in this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 furnished pursuant to Item 9.01, shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933.

---

| | |
|:---|:---|
| **Item 7.01.** | **Regulation FD Disclosure.**  |

---

A slide presentation to be used by senior management of the Company in connection with its discussions with investors and others regarding the financial results is furnished as Exhibit 99.2.

The information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.2 furnished pursuant to Item 9.01, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities under that Section. Furthermore, the information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.2 furnished pursuant to Item 9.01, shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.**  |

---

(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press Release dated May 6, 2026](d57080dex991.htm) |
| 99.2 | [Investor Presentation](d57080dex992.htm) |
| 104 | Cover Page Interactive Data File (embedded within the inline XBRL document) |

---

------

#### SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **Coherent Corp.** | **Coherent Corp.** |
| Date: May 6, 2026 | By: | /s/ Sherri Luther |
|  |  | Sherri Luther |
|  |  | Chief Financial Officer and Treasurer |

---

## Exhibit 99.1

**Exhibit 99.1** 

---

| | |
|:---|:---|
| ![LOGO](g57080g48u92.jpg) | Coherent Corp.<br> 375 Saxonburg Blvd.<br> Saxonburg, PA 16056-9499 |

---

**PRESS RELEASE** 

**COHERENT CORP. REPORTS THIRD QUARTER FISCAL 2026 RESULTS** 

**•** **Q3 REVENUE OF $1.81B, INCREASED 21% Y/Y AND 27% Y/Y ON A PRO FORMA BASIS** 

**•** **Q3 GAAP GROSS MARGIN OF 37.7%, INCREASED 243 bps Y/Y; Q3 NON-GAAP GROSS MARGIN OF 39.6%, INCREASED 105 bps Y/Y** 

**•** **Q3 GAAP EPS OF $0.97, INCREASED $1.08 Y/Y; Q3 NON-GAAP EPS OF $1.41, INCREASED $0.50 Y/Y** 

SAXONBURG, Pa., May 6, 2026 (GLOBE NEWSWIRE) – Coherent Corp. (NYSE: COHR) ("Coherent," "We," or the "Company"), a global leader in photonics, announced financial results today for its third quarter of fiscal year 2026 ended March 31, 2026.

Revenue for the third quarter of fiscal 2026 was $1.81 billion, with GAAP gross margin of 37.7% and GAAP net income of $0.97 per diluted share. On a non-GAAP basis, gross margin was 39.6% with net income per diluted share of $1.41.

"We delivered another quarter of strong financial performance, with accelerating revenue growth, expanding margins, and improving profitability, driven by exceptionally strong demand across our datacenter and communications businesses," said Jim Anderson, CEO. "As AI datacenter infrastructure continues to scale, we are rapidly expanding capacity to meet demand. With the breadth of our photonic technology portfolio and our manufacturing scale, we believe Coherent is uniquely well positioned to capitalize on this multi-year growth opportunity."

Sherri Luther, CFO, said, "Significant revenue growth together with gross margin expansion drove a year-over-year increase in our GAAP and non-GAAP EPS. We remain focused on ramping our capital investment to drive increased capacity given our strong visibility into ongoing robust demand."

------

**Selected Third Quarter Financial Results and Comparisons (in millions, except percentages and per share data)** 

**<u>Table 1</u>**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **GAAP Financial Results (unaudited)** | **GAAP Financial Results (unaudited)** | **GAAP Financial Results (unaudited)** | **GAAP Financial Results (unaudited)** | **GAAP Financial Results (unaudited)** | **GAAP Financial Results (unaudited)** | **GAAP Financial Results (unaudited)** | **GAAP Financial Results (unaudited)** | **GAAP Financial Results (unaudited)** | **GAAP Financial Results (unaudited)** |  |
|  | **Q3 FY26** | **Q2 FY26** | **Q3 FY25** | **Q/Q** |  | **Y/Y** |  | **Q3 FY26<br>YTD** | **Q3 FY25<br>YTD** | **YTD/YTD** |  |
|  **Revenues** | $1806 | $1686 | $1498 | 7.1% |  | 20.5% |  | $5073 | $4281 | 18.5% |  |
|  **Gross Margin %** | 37.7% | 36.9% | 35.2% | 71 | bps | 243 | bps | 37.1% | 35.0% | 213 | bps |
|  **R&D Expense %** | 10.3% | 9.8% | 10.1% | 47 | bps | 24 | bps | 10.0% | 10.0% | 3 | bps |
|  **SG&A Expense %** | 14.8% | 15.3% | 15.5% | (51) |) bps | (63) |) bps | 15.3% | 15.9% | (57) |) bps |
|  **Operating Expenses** | $479 | $439 | $456 | 9.2 | % | 5.1 | % | $1238 | $1213 | 2.0 | % |
|  **Operating Income<sup>(1)</sup>** | $201 | $184 | $72 | 9.1 | % | 179.7 | % | $644 | $284 | 126.9 | % |
|  **Operating Margin** | 11.1% | 10.9% | 4.8% | 20 | bps | 633 | bps | 12.7% | 6.6% | 606 | bps |
|  **Net Earnings Attributable to Coherent Corp.** | $191 | $147 | $16 | 30.0 | % | 1117.6 | % | $564 | $145 | 289.3 | % |
|  **Diluted Earnings Per Share** | $0.97 | $0.76 | $(0.11) | $0.21 |  | $1.08 |  | $2.92 | $0.30 | $2.62 |  |

---

<sup>(1)</sup> Operating Income is defined as earnings (loss) before income taxes, interest expense, and other expense or income, net.

**Selected Third Quarter Financial Results and Comparisons (in millions, except percentages and per share data)** 

**<u>Table 1, continued</u>** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Non-GAAP Financial Results (unaudited)<sub>(1)(2)</sub>** | **Non-GAAP Financial Results (unaudited)<sub>(1)(2)</sub>** | **Non-GAAP Financial Results (unaudited)<sub>(1)(2)</sub>** | **Non-GAAP Financial Results (unaudited)<sub>(1)(2)</sub>** | **Non-GAAP Financial Results (unaudited)<sub>(1)(2)</sub>** | **Non-GAAP Financial Results (unaudited)<sub>(1)(2)</sub>** | **Non-GAAP Financial Results (unaudited)<sub>(1)(2)</sub>** | **Non-GAAP Financial Results (unaudited)<sub>(1)(2)</sub>** | **Non-GAAP Financial Results (unaudited)<sub>(1)(2)</sub>** | **Non-GAAP Financial Results (unaudited)<sub>(1)(2)</sub>** |  |
|  | **Q3 FY26** | **Q2 FY26** | **Q3 FY25** | **Q/Q** |  | **Y/Y** |  | **Q3 FY26<br>YTD** | **Q3 FY25<br>YTD** | **YTD/YTD** |  |
|  **Revenues** | $1806 | $1686 | $1498 | 7.1 | % | 20.5 | % | $5073 | $4281 | 18.5 | % |
|  **Gross Margin %** | 39.6% | 39.0% | 38.5% | 57 | bps | 105 | bps | 39.1% | 37.8% | 126 | bps |
|  **R&D Expense %** | 9.9% | 9.4% | 9.4% | 46 | bps | 45 | bps | 9.6% | 9.5% | 11 | bps |
|  SG&A Expense % | 9.4% | 9.6% | 10.4% | (23) |) bps | (104) |) bps | 9.6% | 10.6% | (98) |) bps |
|  **Operating Expenses** | $348 | $321 | $297 | 8.4 | % | 17.0 | % | $973 | $858 | 13.3 | % |
|  **Operating Income** | $366 | $336 | $279 | 8.9 | % | 31.1 | % | $1011 | $762 | 32.7 | % |
|  **Operating Margin** | 20.3% | 19.9% | 18.6% | 34 | bps | 163 | bps | 19.9% | 17.8% | 214 | bps |
|  **Net Earnings Attributable to Coherent Corp.** | $276 | $248 | $177 | 11.3 | % | 55.9 | % | $745 | $500 | 49.0 | % |
|  **Diluted Earnings Per Share** | $1.41 | $1.29 | $0.91 | $0.12 |  | $0.50 |  | $3.86 | $2.53 | $1.33 |  |

---

<sup>(1)</sup> During the second fiscal quarter of 2025, the Company refined its methodology to report non-GAAP measures. The change does not impact the Company's financial position, cash flows, or GAAP consolidated results of operations. Prior period non-GAAP financial measures presented in this press release have been recast to conform to the current presentation. 

<sup>(2)</sup> The Company has disclosed financial measurements in this earnings release that present financial information that are considered to be non-GAAP financial measures. These measurements are not a substitute for GAAP measurements, although the Company's management uses these measurements as an aid in monitoring the Company's on-going financial performance. The non-GAAP net earnings attributable to Coherent Corp., the non-GAAP diluted earnings per share, the non-GAAP operating income, the non-GAAP gross margin, the non-GAAP research and development, the non-GAAP selling, general and administration, the non-GAAP operating expenses, the non-GAAP interest and other (income) expense, and the non-GAAP income taxes, measure earnings and operating income (loss), respectively, excluding non-recurring or unusual items that are considered by management to be outside the Company's standard operation and excluding certain non-cash items. There are limitations associated with the use of non-GAAP financial measures, including that such measures may not be entirely comparable to similarly titled measures used by other companies, due to potential differences among calculation methodologies. Thus, there 

------

can be no assurance whether (i) items excluded from the non-GAAP financial measures will occur in the future or (ii) there will be cash costs associated with items excluded from the non-GAAP financial measures. The Company compensates for these limitations by using these non-GAAP financial measures as supplements to GAAP financial measures and by providing the reconciliations of the non-GAAP financial measures to their most comparable GAAP financial measures. Investors should consider adjusted measures in addition to, and not as a substitute for, or superior to, financial performance measures prepared in accordance with GAAP. All non-GAAP amounts exclude certain adjustments for share-based compensation, acquired intangible amortization expense, restructuring charges (recoveries), impairments of assets held-for-sale, gains on sale of business, integration and site consolidation expenses, integration transaction expenses, and various one-time adjustments. See Table 6 for the Reconciliation of GAAP measures to non-GAAP measures.

**Business Outlook – Fourth Quarter Fiscal 2026**<sub>(1)</sub>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Revenue for the fourth quarter of fiscal 2026 is expected to be between $1.91 billion and
$2.05 billion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Gross margin percentage for the fourth quarter of fiscal 2026 is expected to be between 39.0% and 41.0% on a non-GAAP basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total operating expenses for the fourth quarter of fiscal 2026 are expected to be between $360 million and
$380 million on a non-GAAP basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tax rate for the fourth quarter of fiscal 2026 is expected to be between 18% and 20% on a non-GAAP basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• EPS for the fourth quarter of fiscal 2026 is expected to be between $1.52 and $1.72 on a non-GAAP basis.

<sup>(1)</sup> The Company has not provided a quantitative reconciliation of forward-looking non-GAAP gross margin percentage, non-GAAP operating expenses, non-GAAP tax rate and non-GAAP earnings per share, because we cannot, without unreasonable efforts, forecast certain items required to develop comparable GAAP measures. These items include, without limitation, restructuring charges, integration, site consolidation and other expenses, foreign exchange gains (losses), and share based compensation expense. The variability of these items could significantly impact our future GAAP financial results and we believe that the inclusion of any such reconciliations would imply a degree or precision that could be confusing or misleading to investors. 

**Investor Conference Call / Webcast Details** 

Coherent will review the Company's financial results for its third quarter of fiscal 2026 and business outlook on Wednesday, May 6, at 4:30 p.m. ET. A live webcast and replay of the conference call will be available on the Investor Relations section of the Company's website at <u>coherent.com/company/investor-relations</u>. The Company's financial guidance will be limited to the comments on its public quarterly earnings call and the public business outlook statements contained in this press release.

**Additional Information and Where to Find It** 

In connection with the conference call described above, the Company intends to file an investor presentation as an exhibit to a Current Report on Form 8-K filed with the Securities and Exchange Commission ("SEC") and to post the investor presentation on the Company's website at <u>coherent.com/company/investor-relations/investor-presentations</u> after market close on May 6, 2026. We also may, from time to time, post other important information for investors on our website at <u>coherent.com/company/investor-relations</u>. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should review the Investor Relations page of our website referenced above, in addition to following the Company's press releases, SEC filings,

------

and public conference calls, presentations, and webcasts. Investors and security holders are able to obtain free copies of these documents through the Company's website referenced above. Copies of the documents filed by the Company with the SEC may be obtained free of charge on the Company's website at <u>coherent.com/company/investor-relations/sec-filings</u>. The information contained on, or that may be accessed through, the Company's website is not incorporated by reference into, and is not part of, this release.

**Forward-Looking Statements** 

This press release contains statements, estimates, and projections that constitute "forward-looking statements" as defined under U.S. federal securities laws – including our estimates and projections for our business outlook for the fourth quarter of fiscal 2026, each of which is made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and relate to the Company's performance on a going-forward basis. The forward-looking statements are subject to certain risks and uncertainties that could cause the Company's actual results to differ materially from its historical experience and our present expectations or projections.

The Company believes that all forward-looking statements made by it herein have a reasonable basis, but there can be no assurance that management's expectations, beliefs, or projections as expressed in the forward-looking statements will actually occur or prove to be correct. In addition to general industry and global economic conditions, factors that could cause actual results to differ materially from those discussed in the forward-looking statements herein include but are not limited to: (i) the failure of any one or more of the assumptions stated herein to prove to be correct; (ii) changes in demand in the Company's end markets along with the Company's ability to respond to such market changes; (iii) our failure to accurately estimate customer demand and future sales and/or fluctuations in purchasing patterns of customers and end users; (iv) the ability of the Company to retain and hire key employees; (v) the terms of the Company's indebtedness and ability to service such debt (vi) the timely release of new products and acceptance of such new products by the market; (vii) the introduction of new products by competitors and other competitive responses; (viii) the risks to realizing the benefits of investments in R&D and commercialization of innovations; (ix) the risks that the Company's stock price will not trade in line with industrial technology leaders; (x) the impact of international conflict (such as the current armed conflict in the Middle East) and economic volatility in either domestic or foreign markets, including risks related to the impact of trade protection measures, such as import tariffs by the United States or retaliatory actions taken by other countries; and/or (xi) the risks relating to forward-looking statements and other "Risk Factors" identified from time to time in our filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and our subsequently filed Quarterly Reports on Form 10-Q, which filings are available from the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events or developments, or otherwise.

**<u>About Coherent</u>**

Coherent is the global photonics leader. We harness photons to drive innovation. Industry leaders in the datacenter, communications, and industrial markets rely on Coherent's world-leading technology to fuel their own innovation and growth.

------

Founded in 1971 and operating in more than 20 countries, Coherent brings the industry's broadest, deepest technology stack; unmatched supply chain resilience; and global scale to help its customers solve their toughest technology challenges. For more information, please visit us at <u>coherent.com</u>.

**Contact:** 

Paul Silverstein

Senior VP, Investor Relations

investor.relations@coherent.com

\# \# \#

------

**<u>Table 2</u>** 

**Coherent Corp. and Subsidiaries** 

**Condensed Consolidated Statements of Earnings\*** 

---

| | | | |
|:---|:---|:---|:---|
| | **THREE MONTHS ENDED** | **THREE MONTHS ENDED** | **THREE MONTHS ENDED** |
| <br>$ Millions, except per share amounts (unaudited) | **Mar 31, 2026** | **Dec 31, 2025** | **Mar 31, 2025** |
|  **Revenues** | $1805.6 | $1685.6 | $1497.9 |
|  **Costs, Expenses & Other Expense (Income)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of goods sold | 1125.7 | 1062.8 | 970.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Research and development | 186.0 | 165.7 | 150.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Selling, general and administrative | 267.6 | 258.5 | 231.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructuring charges | 34.4 | 3.6 | 73.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment of assets held-for-sale |  | 11.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on sale of business | (8.9) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense | 44.6 | 45.9 | 57.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other expense (income), net | (28.1) | (29.9) | 4.6 |
|  **Total Costs, Expenses, & Other Expense** | 1621.3 | 1517.6 | 1488.0 |
|  **Earnings Before Income Taxes** | 184.3 | 168.0 | 9.9 |
|  **Income Taxes** | 2.7 | 24.2 | 8.1 |
|  **Net Earnings** | 181.7 | 143.8 | 1.8 |
|  **Net Loss Attributable to Noncontrolling Interests** | (9.7) | (2.9) | (13.9) |
|  **Net Earnings Attributable to Coherent Corp.** | 191.4 | 146.7 | 15.7 |
|  **Less: Dividends on Preferred Stock** |  | 1.6 | 32.7 |
|  **Net Earnings Available to the Common Shareholders** | $191.4 | $145.1 | $(17.0) |
|  **Basic Earnings Per Share** | $1.01 | $0.87 | $(0.11) |
|  **Diluted Earnings Per Share** | $0.97 | $0.76 | $(0.11) |
|  **Average Shares Outstanding - Basic** | 190.2 | 167.5 | 155.2 |
|  **Average Shares Outstanding - Diluted** | 196.4 | 192.8 | 155.2 |

---

\* Amounts may not recalculate due to rounding. 

------

**<u>Table 2</u>** 

**Coherent Corp. and Subsidiaries** 

**Condensed Consolidated Statements of Earnings\*** 

**(Continued)** 

---

| | | |
|:---|:---|:---|
| | **NINE MONTHS ENDED** | **NINE MONTHS ENDED** |
| <br>$ Millions, except per share amounts (unaudited) | **Mar 31, 2026** | **Mar 31, 2025** |
|  **Revenues** | $5072.6 | $4280.7 |
|  **Costs, Expenses & Other Expense (Income)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of goods sold | 3190.7 | 2783.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Research and development | 506.6 | 426.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Selling, general and administrative | 778.2 | 681.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructuring charges | 57.3 | 106.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment of assets held-for-sale | 20.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on sale of business | (124.1) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense | 149.2 | 188.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other expense (income), net | (74.5) | (62.0) |
|  **Total Costs, Expenses, & Other Expense** | 4503.4 | 4123.1 |
|  **Earnings Before Income Taxes** | 569.2 | 157.6 |
|  **Income Taxes** | 18.5 | 29.4 |
|  **Net Earnings** | 550.7 | 128.2 |
|  **Net Loss Attributable to Noncontrolling Interests** | (13.8) | (16.8) |
|  **Net Earnings Attributable to Coherent Corp.** | 564.5 | 145.0 |
|  **Less: Dividends on Preferred Stock** | 35.1 | 96.8 |
|  **Net Earnings Available to the Common Shareholders** | $529.4 | $48.2 |
|  **Basic Earnings Per Share** | $3.09 | $0.31 |
|  **Diluted Earnings Per Share** | $2.92 | $0.30 |
|  **Average Shares Outstanding - Basic** | 171.2 | 154.5 |
|  **Average Shares Outstanding - Diluted** | 193.1 | 159.2 |

---

\* Amounts may not recalculate due to rounding. 

------

**<u>Table 3</u>** 

**Coherent Corp. and Subsidiaries** 

**Condensed Consolidated Balance Sheets\*** 

---

| | | |
|:---|:---|:---|
| $ Millions (unaudited) | **Mar 31, 2026** | **Jun 30, 2025** |
|  **Assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Current Assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents | $1592.7 | $909.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restricted cash, current | 42.0 | 8.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term investments | 825.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts receivable | 1187.9 | 964.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories | 2126.8 | 1437.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid and refundable income taxes | 45.5 | 55.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid and other current assets | 625.3 | 551.6 |
|  **Total Current Assets** | 6445.2 | 3927.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Property, plant & equipment, net | 2420.1 | 1877.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill | 4402.4 | 4471.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other intangible assets, net | 2958.2 | 3204.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred income taxes | 72.1 | 53.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restricted cash, non-current | 591.0 | 714.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets | 397.7 | 662.2 |
|  **Total Assets** | $17286.7 | $14910.9 |
|  **Liabilities, Mezzanine Equity and Equity** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Current Liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current portion of long-term debt | $9.0 | $188.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts payable | 1343.4 | 847.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Operating lease current liabilities | 52.4 | 41.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accruals and other current liabilities | 708.6 | 718.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Current Liabilities** | 2113.4 | 1794.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-term debt | 3184.8 | 3498.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred income taxes | 605.8 | 711.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Operating lease liabilities | 178.9 | 165.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities | 188.2 | 259.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Liabilities** | 6271.0 | 6429.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Mezzanine Equity** |  | 2483.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Coherent Corp. Shareholders' Equity** | 10677.0 | 5644.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Noncontrolling interests | 338.7 | 353.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Equity** | 11015.7 | 5998.0 |
|  **Total Liabilities, Mezzanine Equity and Equity** | $17286.7 | $14910.9 |

---

\* Amounts may not recalculate due to rounding. 

------

**Table 4** 

**Coherent Corp. and Subsidiaries** 

**Condensed Consolidated Statements of Cash Flows\*** 

---

| | | |
|:---|:---|:---|
| | **NINE MONTHS ENDED** | **NINE MONTHS ENDED** |
| <br>$ Millions (unaudited) | **Mar 31, 2026** | **Mar 31, 2025** |
|  **Cash Flows from Operating Activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net cash provided by operating activities** | $10.1 | $503.3 |
|  Cash Flows from Investing Activities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additions to property, plant & equipment | (547.2) | (309.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from the sale of business | 437.3 | 27.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sale of equity investment | 48.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases of short-term investments | (825.0) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other investing activities | (5.0) | (1.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net cash used in investing activities** | (891.1) | (283.5) |
|  Cash Flows from Financing Activities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from borrowings of Term A Facility | 1250.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from borrowings of Term B Facility | 3.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from borrowings of revolving credit facilities | 628.8 | 35.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from issuance of common shares | 2000.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payments on existing debt | (1761.7) | (386.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payments on borrowings under revolving credit facilities | (624.9) | (34.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt issuance costs | (9.1) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from exercises of stock options and purchases under employee stock purchase plan | 51.8 | 47.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payments in satisfaction of employees' minimum tax obligations | (51.6) | (48.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment of dividends | (11.4) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financing activities | 0.8 | (0.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net cash provided by (used in) financing activities** | 1475.9 | (386.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of exchange rate changes on cash and cash equivalents | (2.0) | 3.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in cash and cash equivalents | 592.9 | (163.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash, Cash Equivalents, and Restricted Cash at Beginning of Period | 1632.9 | 1789.7 |
|  **Cash, Cash Equivalents, and Restricted Cash at End of Period** | $2225.8 | $1626.0 |

---

\* Amounts may not recalculate due to rounding. 

------

**<u>Table 5</u>** 

**Segment Revenues\*** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **THREE MONTHS ENDED** | **THREE MONTHS ENDED** | **THREE MONTHS ENDED** | **NINE MONTHS ENDED** | **NINE MONTHS ENDED** |
| <br>$ Millions (unaudited) | **Mar 31, 2026** | **Dec 31, 2025** | **Mar 31, 2025** | **Mar 31, 2026** | **Mar 31, 2025** |
|  **Revenues:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Datacenter & Communications | $1361.6 | $1208.0 | $968.7 | $3659.6 | $2736.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial | 444.0 | 477.6 | 529.2 | 1413.0 | 1543.9 |
|  **Consolidated** | $1805.6 | $1685.6 | $1497.9 | $5072.6 | $4280.7 |

---

\* Amounts may not recalculate due to rounding. 

------

**Table 6** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Reconciliation of GAAP Measures to Non-GAAP Measures\*** | **THREE MONTHS ENDED** | **THREE MONTHS ENDED** | **THREE MONTHS ENDED** | **NINE MONTHS ENDED** | **NINE MONTHS ENDED** |
| $ Millions, except per share amounts (unaudited) | **Mar 31,<br>2026** | **Dec 31,<br>2025** | **Mar 31,<br>2025** | **Mar 31,<br>2026** | **Mar 31,<br>2025 <sup>(1)</sup>** |
|  **Gross margin on GAAP basis** | $679.9 | $622.8 | $527.7 | $1882.0 | $1497.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share-based compensation | 6.4 | 6.3 | 5.4 | 18.6 | 16.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization of acquired intangibles | 27.9 | 27.7 | 43.7 | 83.4 | 104.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Integration, site consolidation and other<sup>(2)</sup> |  | 0.3 |  |  | 1.7 |
|  **Gross margin on non-GAAP basis** | $714.2 | $657.1 | $576.7 | $1983.9 | $1620.1 |
|  **Research & development on GAAP basis** | $186.0 | $165.7 | $150.7 | $506.6 | $426.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share-based compensation | (7.4) | (6.7) | (5.3) | (20.9) | (16.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization of acquired intangibles | (0.2) | (0.2) | (3.8) | (0.6) | (5.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Integration, site consolidation and other<sup>(2)</sup> |  |  | (0.4) |  | (0.3) |
|  **Research & development on non-GAAP basis** | $178.4 | $158.8 | $141.2 | $485.1 | $404.6 |
|  **Selling, general and administrative on GAAP basis** | $267.6 | $258.5 | $231.4 | $778.2 | $681.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share-based compensation | (36.8) | (31.6) | (29.5) | (100.4) | (83.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization of acquired intangibles | (42.4) | (42.6) | (39.6) | (126.5) | (121.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financing fees<sup>(3)</sup> |  | (0.8) |  | (1.1) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Integration, site consolidation and other<sup>(2)</sup> | (18.9) | (21.1) | (6.0) | (62.5) | (22.3) |
|  **Selling, general and administrative on non-GAAP basis** | $169.7 | $162.3 | $156.3 | $487.8 | $453.7 |
|  **Restructuring charges on GAAP basis** | $34.4 | $3.6 | $73.8 | $57.3 | $106.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructuring charges<sup>(4)</sup> | (34.4) | (3.6) | (73.8) | (57.3) | (106.2) |
|  **Restructuring charges on non-GAAP basis** | $— | $— | $— | $— | $— |
|  **Impairment of assets held-for-sale on GAAP basis** | $— | $11.0 | $— | $20.1 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment of assets held-for-sale<sup>(5)</sup> |  | (11.0) |  | (20.1) |  |
|  **Impairment of assets held-for-sale on non-GAAP basis** | $— | $— | $— | $— | $— |
|  **Gain on sale of business on GAAP basis** | $(8.9) | $— | $— | $(124.1) | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on sale of business<sup>(6)</sup> | 8.9 |  |  | 124.1 |  |
|  **Gain on sale of business on non-GAAP basis** | $— | $— | $— | $— | $— |
|  **Operating income on GAAP basis** | $200.8 | $184.0 | $71.8 | $643.9 | $283.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share-based compensation | 50.6 | 44.6 | 40.2 | 139.9 | 116.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization of acquired intangibles | 70.5 | 70.5 | 87.2 | 210.5 | 230.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructuring charges<sup>(4)</sup> | 34.4 | 3.6 | 73.8 | 57.3 | 106.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment of assets held-for-sale<sup>(5)</sup> |  | 11.0 |  | 20.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on sale of business<sup>(6)</sup> | (8.9) |  |  | (124.1) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financing fees<sup>(3)</sup> |  | 0.8 |  | 1.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Integration, site consolidation and other<sup>(2)</sup> | 18.9 | 21.4 | 6.4 | 62.5 | 24.3 |
|  **Operating income on non-GAAP basis** | $366.1 | $336.0 | $279.3 | $1011.1 | $761.8 |

---

------

**<u>Table 6</u>**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Reconciliation of GAAP Measures to Non-GAAP Measures\***<br> **(Continued)** | **THREE MONTHS ENDED** | **THREE MONTHS ENDED** | **THREE MONTHS ENDED** | **NINE MONTHS ENDED** | **NINE MONTHS ENDED** |
| $ Millions, except per share amounts (unaudited) | **Mar 31,<br>2026** | **Dec 31,<br>2025** | **Mar 31,<br>2025** | **Mar 31,<br>2026** | **Mar 31,<br>2025 <sup>(1)</sup>** |
|  **Interest and other (income) expense, net on GAAP basis** | $16.5 | $16.0 | $61.9 | $74.7 | $126.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency exchange gains (losses), net | (0.9) | 2.4 | (16.7) | 2.3 | 8.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on sale of investment<sup>(7)</sup> | 14.1 | 14.8 |  | 35.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financing fees<sup>(3)</sup> |  |  |  | (12.1) |  |
|  **Interest and other (income) expense, net on non-GAAP basis** | $29.7 | $33.2 | $45.1 | $100.5 | $134.8 |
|  **Income taxes on GAAP basis** | $2.7 | $24.2 | $8.1 | $18.5 | $29.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax impact of non-GAAP measures<sup>(8)</sup> | 61.3 | 33.4 | 50.4 | 154.6 | 101.8 |
|  **Income taxes on non-GAAP basis** | $64.1 | $57.5 | $58.5 | $173.2 | $131.2 |
|  **Net earnings attributable to Coherent Corp. on GAAP basis** | $191.4 | $146.7 | $15.7 | $564.5 | $145.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share-based compensation | 50.6 | 44.6 | 40.2 | 139.9 | 116.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization of acquired intangibles | 70.5 | 70.5 | 87.2 | 210.5 | 230.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency exchange gains | 0.9 | (2.4) | 16.7 | (2.3) | (8.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructuring charges<sup>(4)</sup> | 34.4 | 3.6 | 73.8 | 57.3 | 106.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment of assets held-for-sale<sup>(5)</sup> |  | 11.0 |  | 20.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on sale of business<sup>(6)</sup> | (8.9) |  |  | (124.1) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Integration, site consolidation and other<sup>(2)</sup> | 18.9 | 21.4 | 6.4 | 62.5 | 24.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on sale of investment<sup>(7)</sup> | (14.1) | (14.8) |  | (35.6) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financing fees<sup>(3)</sup> |  | 0.8 |  | 13.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interest impact of non-GAAP items | (6.0) |  | (12.3) | (6.0) | (12.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax impact of non-GAAP measures<sup>(8)</sup> | (61.3) | (33.4) | (50.4) | (154.6) | (101.8) |
|  **Net earnings attributable to Coherent Corp. on non-GAAP basis** | $276.2 | $248.2 | $177.2 | $745.3 | $500.3 |
|  Per share data: |  |  |  |  |  |
|  **Net earnings on GAAP basis** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic Earnings Per Share | $1.01 | $0.87 | $(0.11) | $3.09 | $0.31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted Earnings Per Share<sub> </sub> | $0.97 | $0.76 | $(0.11) | $2.92 | $0.30 |
|  **Net earnings on non-GAAP basis** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic Earnings Per Share | $1.45 | $1.47 | $0.93 | $4.15 | $2.61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted Earnings Per Share | $1.41 | $1.29 | $0.91 | $3.86 | $2.53 |

---

\* Amounts may not recalculate due to rounding. 

------

<sup>(1)</sup> During the second fiscal quarter of 2025, the Company refined its methodology to report non-GAAP measures. The change does not impact the Company's financial position, cash flows, or GAAP consolidated results of operations. Prior period non-GAAP financial measures presented in this press release have been recast to conform to the current presentation. 

<sup>(2)</sup> Integration, site consolidation and other costs include retention and severance payments and other integration costs related to the acquisition of Coherent, Inc., implementation of common technology systems and costs related to the business divestitures.

<sup>(3)</sup> Financing fees include debt extinguishment costs and various fees related to closing the new Credit Agreement and repricing our Term Loan B as well as the conversion of Preferred Stock to Common Stock.

<sup>(4)</sup> Restructuring charges include non-cash impairment charges for production assets and improvements on leased facilities, loss on sale of a facility, severance, contract termination costs and other costs related to the restructuring plans.

<sup>(5)</sup> Impairment of assets held-for-sale relate to several entities classified as held-for-sale at December 31, 2025, September 30, 2025 and/or June 30, 2025.

<sup>(6)</sup> Gain on sale of business is due to the sale of our aerospace and defense and Munich tools businesses.

<sup>(7)</sup> Gain on sale of investment is due to the sale of shares in an equity method investment.

<sup>(8)</sup> The Company adopted a full-year, normalized tax rate for the computation of the non-GAAP income tax provision for fiscal year 2026. We believe this approach provides investors with a more consistent view of our underlying operating performance. In estimating the full-year non-GAAP normalized tax rate, the Company utilized a full-year financial projection that considers multiple factors such as changes to the Company's current operating structure, expected reserve changes for the year, and other significant tax matters to the extent they are applicable to the full fiscal year financial projection. In addition to the adjustments described above, this normalized tax rate excludes the impact of share-based awards, amortization of acquisition-related intangible assets, integration and restructuring charges, foreign exchange gain/(loss), and certain tax valuation allowances. 

For fiscal year 2026, the Company's projected non-GAAP normalized tax rate is 19% and will be applied to each quarter of fiscal year 2026. The Company's non-GAAP normalized tax rate on non-GAAP net income may be adjusted during the year to account for events or trends that the Company believes materially impact the original annual non-GAAP normalized tax rate including, but not limited to, significant changes resulting from tax legislation, acquisitions or dispositions, entity structures or operational changes and other significant events. These additional non-GAAP financial measures should not be considered substitutes for any measures derived in accordance with GAAP and may be inconsistent with similar measures presented by other companies.

------

**<u>Table 7</u>** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **GAAP Earnings Per Share Calculation\*** | **THREE MONTHS ENDED** | **THREE MONTHS ENDED** | **THREE MONTHS ENDED** | **NINE MONTHS ENDED** | **NINE MONTHS ENDED** |
| $ Millions, except per share amounts (unaudited) | **Mar 31,<br>2026** | **Dec 31,<br>2025** | **Mar 31,<br>2025** | **Mar 31,<br>2026** | **Mar 31,<br>2025 <sup>(1)</sup>** |
|  **Numerator** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net earnings attributable to Coherent Corp. | $191.4 | $146.7 | $15.7 | $564.5 | $145.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deduct Series B redeemable preferred dividends |  | (1.6) | (32.7) | (35.1) | (96.8) |
|  **Basic earnings (loss) available to common shareholders** | $191.4 | $145.1 | $(17.0) | $529.4 | $48.2 |
|  *Effect of dilutive securities:* |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Add back Series B preferred dividends | $— | $1.6 | $— | $35.1 | $— |
|  **Diluted earnings (loss) available to common shareholders** | $191.4 | $146.7 | $(17.0) | $564.5 | $48.2 |
|  **Denominator** |  |  |  |  |  |
|  Weighted average shares | 190.2 | 167.5 | 155.2 | 171.2 | 154.5 |
|  *Effect of dilutive securities:* |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock equivalents | 6.1 | 5.5 |  | 5.4 | 4.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B Redeemable Preferred Stock |  | 19.8 |  | 16.6 |  |
|  **Diluted weighted average common shares** | 196.4 | 192.8 | 155.2 | 193.1 | 159.2 |
|  **Basic earnings (loss) per common share** | $1.01 | $0.87 | $(0.11) | $3.09 | $0.31 |
|  **Diluted earnings (loss) per common share** | $0.97 | $0.76 | $(0.11) | $2.92 | $0.30 |

---

\* Amounts may not recalculate due to rounding. 

------

**<u>Table 8</u>**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Non-GAAP Earnings Per Share Calculation\*** | **THREE MONTHS ENDED** | **THREE MONTHS ENDED** | **THREE MONTHS ENDED** | **NINE MONTHS** | **NINE MONTHS** |
| $ Millions, except per share amounts (unaudited) | **Mar 31, 2026** | **Dec 31, 2025** | **Mar 31, 2025** | **Mar 31, 2026** | **Mar 31, 2025 <sup>(1)</sup>** |
|  **Numerator** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net earnings attributable to Coherent Corp. | $276.2 | $248.2 | $177.2 | $745.3 | $500.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deduct Series B redeemable preferred dividends |  | (1.6) | (32.7) | (35.1) | (96.8) |
|  **Basic earnings available to common shareholders** | $276.2 | $246.6 | $144.6 | $710.2 | $403.5 |
|  *Effect of dilutive securities:* |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Add back Series B preferred dividends | $— | $1.6 | $— | $35.1 | $— |
|  **Diluted earnings available to common shareholders** | $276.2 | $248.2 | $144.6 | $745.3 | $403.5 |
|  **Denominator** |  |  |  |  |  |
|  Weighted average shares | 190.2 | 167.5 | 155.2 | 171.2 | 154.5 |
|  *Effect of dilutive securities:* |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock equivalents | 6.1 | 5.5 | 4.0 | 5.4 | 4.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B Redeemable Preferred Stock |  | 19.8 |  | 16.6 |  |
|  **Diluted weighted average common shares** | 196.4 | 192.8 | 159.1 | 193.1 | 159.2 |
|  **Basic earnings per common share** | $1.45 | $1.47 | $0.93 | $4.15 | $2.61 |
|  **Diluted earnings per common share** | $1.41 | $1.29 | $0.91 | $3.86 | $2.53 |

---

\* Amounts may not recalculate due to rounding. 

<sup>(1)</sup> During the second fiscal quarter of 2025, the Company refined its methodology to report non-GAAP measures. The change does not impact the Company's financial position, cash flows, or GAAP consolidated results of operations. Prior period non-GAAP financial measures presented in this press release have been recast to conform to the current presentation.

## Exhibit 99.2

![](g57080ex99_2p1g1.jpg)

Exhibit 99.2 INVESTOR PRESENTATION Third Quarter Fiscal 2026 May 6, 2026 Copyright 2026, Coherent. All rights reserved. 1

------

![](g57080ex99_2p2g1.jpg)

FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements relating to future events and expectations, including our expectations regarding our estimates and projections for our business outlook for the fourth quarter of fiscal 2026, each of which is based on certain assumptions and contingencies. The forward-looking statements are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and relate to the Company's performance on a going-forward basis. The forward-looking statements in this investor presentation involve risks and uncertainties, which could cause actual results, performance, or trends to differ materially from those described in this presentation. The Company believes that all forward-looking statements made by it in this presentation have a reasonable basis, but there can be no assurance that management's expectations, beliefs, or projections as expressed in the forward-looking statements will actually occur or prove to be correct. In addition to general industry and global economic conditions, factors that could cause actual results to differ materially from those discussed in the forward-looking statements in this presentation include but are not limited to: (i) the failure of any one or more of the assumptions stated herein to prove to be correct; (ii) changes in demand in the Company's end markets along with the Company's ability to respond to such market changes; (iii) our failure to accurately estimate customer demand and future sales accurately and/or fluctuations in purchasing patterns of customers and end users; (iv) the ability of the Company to retain and hire key employees; (v) the terms of the Company's indebtedness and ability to service such debt; (vi) the timely release of new products and acceptance of such new products by the market; (vii) the introduction of new products by competitors and other competitive responses; (viii) the risks to realizing the benefits of investments in R&D and commercialization of innovations; (ix) the risks that the Company's stock price will not trade in line with industrial technology leaders; (x) the impact of international conflict (such as the current armed conflict in the Middle East) and economic volatility in either domestic or foreign markets, including risks related to the impact of trade protection measures, such as import tariffs by the United States or retaliatory actions taken by other countries; and/or (xi) the risks relating to forward-looking statements and other "Risk Factors" identified from time to time in our filings with the Securities and Exchange Commission ("SEC"), including our Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and our subsequently filed Quarterly Reports on Form 10-Q, which filings are available from the SEC. The Company disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events or developments, or otherwise. Unless otherwise indicated in this presentation, all information in this presentation is as of May 6, 2026. This presentation contains non-GAAP financial measures and key metrics relating to the Company's past performance. We believe the presentation of these non-GAAP financial measures enhances investors' overall understanding of our historical financial performance and assists investors in comparing our performance across reporting periods. These non-GAAP financial measures are in addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with U.S. GAAP. There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents. For example, other companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. As required by Regulation G, we have provided reconciliations of those measures to the most directly comparable GAAP measures in the section captioned "GAAP to NON-GAAP RECONCILIATION." The Company has not provided a quantitative reconciliation of forward-looking non-GAAP gross margin percentage, non-GAAP operating expenses, non-GAAP tax rate and non-GAAP earnings per share, because we cannot, without unreasonable efforts, forecast certain items required to develop comparable GAAP measures. These items include, without limitation, restructuring charges; integration, site consolidation and other expenses; foreign exchange gains (losses); and share based compensation expense. The variability of these items could significantly impact our future GAAP financial results and we believe that the inclusion of any such reconciliations would imply a degree or precision that could be confusing or misleading to investors. 2 Copyright 2026, Coherent. All rights reserved.

------

![](g57080ex99_2p3g1.jpg)

GROSS MARGIN AND EARNINGS PER SHARE GAAP TO NON-GAAP RECONCILIATIONS $ Millions (Unaudited) Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Gross margin on GAAP basis 680 623 579 546 528 Share-based compensation 6 6 6 6 5 Amortization of acquired intangibles 28 28 28 31 44 Integration, site consolidation and other — — — — — Gross margin on non-GAAP basis 714 657 613 582 577 $ for EPS, $ Millions for shares (Unaudited) Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Common shares, GAAP 190.2 167.5 156.2 155.5 155.2 Effect of dilutive securities: Common stock equivalents 6.1 5.5 4.6 — — Series B Redeemable Preferred Stock — 19.8 29.9 — — Diluted weighted average common shares, 196.4 192.8 190.7 155.5 155.2 GAAP Common shares, Non-GAAP 190.2 167.5 156.2 155.5 155.2 Effect of dilutive securities: Common stock equivalents 6.1 5.5 4.6 3.7 4.0 Series B Redeemable Preferred Stock — 19.8 29.9 — — Diluted weighted average common shares, 196.4 192.8 190.7 159.2 159.1 Non-GAAP Net earnings (loss) attributable to Coherent Corp., GAAP Basic Earnings (Loss) Per Share 1.01 0.87 1.24 (0.83) (0.11) Diluted Earnings (Loss) Per Share 0.97 0.76 1.19 (0.83) (0.11) Net earnings attributable to Coherent Corp., non-GAAP Basic Earnings Per Share 1.45 1.47 1.20 1.02 0.93 Diluted Earnings Per Share 1.41 1.29 1.16 1.00 0.91 3 Copyright 2026, Coherent. All rights reserved.

------

![](g57080ex99_2p4g1.jpg)

Q3 FY26 NON-GAAP FINANCIAL RESULTS Revenue Growth Acceleration and Gross Margin Expansion Driven by Datacenter Demand REVENUE GROSS MARGIN EARNINGS PER SHARE \* \* \* 27% 105BP 55% $1.41 in Q3 FY26 vs. $0.91 in Q3 FY25 39.6% in Q3 FY26 vs. 38.5% in Q3 FY25 $1.80B in Q3 FY26 vs. $1.41B in Q3 FY25\* Coherent Enters the S&P 500® as Scale and Leadership Accelerate NVIDIA and Coherent Partner on Advanced Laser and Optical Networking Products for AI Datacenters Revenue Mix Reflects Rapid Growth of Datacenter & Communications Segment\* INDUSTRIAL 25% DATACENTER & COMMUNICATIONS INDUSTRIAL 75% DATACENTER & 41% 2%\* COMMUNICATIONS Q3 FY26/Q3 FY25 Q3 FY26/Q3 FY25 \*Revenue and revenue growth are shown on a pro forma basis to exclude for all periods revenue from the sale of our former Aerospace & Defense business, which closed on September 2, 2025 and our Munich, Germany business, which closed on January 30, 2026. Gross margin and earnings per share are based on financial results reported May 6, 2026. Please refer to reconciliation of GAAP to Non-GAAP gross margin, and reconciliation of GAAP and Non-GAAP EPS. 4 C Co op py yr riig gh htt 2 20 02 26 6,, C Co oh he er re en ntt.. A Allll r riig gh htts s r re es se er rv ve ed d..

------

![](g57080ex99_2p5g1.jpg)

QUARTERLY REVENUE BY MARKET SEGMENT Quarterly Revenue Trend 2,000 1,806 1,686 1,800 1,581 1,529 1,600 1,498 1,400 1,200 1,000 800 600 400 200 0 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Industrial 529 511 491 478 444 Datacenter and 969 1,018 1,090 1,208 1,362 Communications 5 Copyright 2026, Coherent. All rights reserved. Revenue ($M)

------

![](g57080ex99_2p6g1.jpg)

BUILDING THE NEXT-GEN AI DATACENTER Meeting customer demands for scalable, high-performance and efficient infrastructure SCALING ACCELERATING ENHANCING CAPACITY PERFORMANCE EFFICIENCY • Ramping Datacenter and Communications • Multiple CPO architectures, Silicon Photonics, • Advanced thermal and cooling solutions for capacity – end to end, from materials to systems InP, and VCSEL, enable flexible networks dense, high performance AI environments • On track to double internal InP output by • 400G/lane links delivering higher bandwidth • Improved power efficiency per bit across year-end and more than double again by 2027 and faster data transfer optical systems • 6-inch platform producing EMLs, CW lasers, and • Advanced multi-rail optical transport delivering • Materials innovation reducing cost and photodiodes, with higher yields than 3-inch lines 4X fiber capacity energy consumption 6 Copyright 2026, Coherent. All rights reserved.

------

![](g57080ex99_2p7g1.jpg)

INVESTING TO EXPAND TECHNOLOGY LEADERSHIP AND UNMATCHED MANUFACTURING SCALE Recent Announcements SCALING INDIUM PHOSPHIDE (InP) STRENGTHENING U.S. EXTENDING PLATFORM LEADERSHIP IN NEXT-GEN AI WAFER PRODUCTION IN TEXAS MANUFACTURING FOOTPRINT End-to-end optical integration, Increasing InP output to Advancing U.S. capacity from devices to manufacturing support accelerating 6-inch expansion and manufacturing scale, positions Coherent to wafer demand, positioning resilience, supported by lead next-generation AI Coherent at the forefront of AI NVIDIA's $2B investment in architectures infrastructure growth Coherent Read more here Read more here Read more here 7 Copyright 2026, Coherent. All rights reserved.

------

![](g57080ex99_2p8g1.jpg)

ENTERING A NEW PHASE OF ACCELERATED GROWTH New Growth Optical Circuit Switch Multi-rail Thermal Solutions CPO/NPO Engines Adding $20B+ Incremental SAM New Revenue Now H2 2026 H1 2027 H2 2027 Transceivers DCI Transceivers Transport/Transmission Optical Components Existing Growth 1.6T, 3.2T, 6.4T ZR/ZR+ Engines $50B+ SAM rd SAM estimates are for calendar 2030 based on 3 party and internal estimates. 8 Copyright 2026, Coherent. All rights reserved.

------

![](g57080ex99_2p9g1.jpg)

(1) FOURTH QUARTER FISCAL 2026 OUTLOOK REVENUE $1.91 billion to $2.05 billion NON-GAAP GROSS MARGIN 39.0% to 41.0% NON-GAAP OPERATING EXPENSES $360 million to $380 million NON-GAAP TAX RATE 18% to 20% NON-GAAP EARNINGS PER SHARE $1.52 to $1.72 (1) The Company has not provided a quantitative reconciliation of forward-looking non-GAAP gross margin percentage, non-GAAP operating expenses, non-GAAP tax rate and non-GAAP earnings per share, because we cannot, without unreasonable efforts, forecast certain items required to develop comparable GAAP measures. These items include, without limitation, restructuring charges, integration, site consolidation and other expenses, foreign exchange gains (losses), and share based compensation expense. The variability of these items could significantly impact our future GAAP financial results and we believe that the inclusion of any such reconciliations would imply a degree or precision that could be confusing or misleading to investors. 9 Copyright 2026, Coherent. All rights reserved.

------

![](g57080ex99_2p10g1.jpg)

GAAP TO NON-GAAP RECONCILIATION 10 Copyright 2026, Coherent. All rights reserved.

------

![](g57080ex99_2p11g1.jpg)

\* GROSS MARGIN RECONCILIATION $ Millions (Unaudited) Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Gross margin on GAAP basis 680 623 579 546 528 Share-based compensation 6 6 6 6 5 Amortization of acquired intangibles 28 28 28 31 44 Integration, site consolidation and other — — — — — Gross margin on non-GAAP basis 714 657 613 582 577 \* Amounts may not foot due to rounding 11 Copyright 2026, Coherent. All rights reserved.

------

![](g57080ex99_2p12g1.jpg)

\* OPERATING EXPENSES RECONCILIATION $ Millions (Unaudited) Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 R&D on GAAP basis 186 166 155 156 151 Share-based compensation (7) (7) (7) (6) (5) Amortization of acquired intangibles — — — — (4) R&D on non-GAAP basis 178 159 148 149 141 SG&A on GAAP basis 268 259 252 245 231 Share-based compensation (37) (32) (32) (33) (30) Amortization of acquired intangibles (42) (43) (42) (41) (40) Financing fees — (1) — — — Integration, site consolidation and other (19) (21) (23) (14) (6) SG&A on non-GAAP basis 170 162 156 157 156 Restructuring on GAAP basis 34 4 19 54 74 Restructuring (34) (4) (19) (54) (74) Restructuring on non-GAAP basis — — — — — Impairment of assets held-for-sale on GAAP — 11 9 85 — basis Impairment of assets held-for-sale — (11) (9) (85) — Impairment of assets held-fo-sale on non- — — — — — GAAP basis Gain on sale of business on GAAP basis (9) — (115) — — Gain on sale of business 9 — 115 — — Gain on sale of business on non-GAAP basis — — — — — \* Amounts may not foot due to rounding 12 Copyright 2026, Coherent. All rights reserved.

------

![](g57080ex99_2p13g1.jpg)

\* INCOME FROM OPERATIONS RECONCILIATION $ Millions (Unaudited) Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Op. income on GAAP basis 201 184 259 6 72 Share-based compensation 51 45 45 44 40 Amortization of acquired intangibles 71 71 70 72 87 Restructuring charges 34 4 19 54 74 Financing fees — 1 — — — Impairment of assets held-for-sale — 11 9 85 — Gain on sale of business (9) — (115) — — Integration, site consolidation and other 19 21 22 14 6 Op. income on non-GAAP basis 366 336 309 275 279 Non-GAAP Op. Margin Percentage 20.3 % 19.9 % 19.5 % 18.0 % 18.6 % \* Amounts may not foot due to rounding 13 Copyright 2026, Coherent. All rights reserved.

------

![](g57080ex99_2p14g1.jpg)

\* NET EARNINGS RECONCILIATION $ Millions (Unaudited) Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Net earnings (loss) attributable to Coherent 191 147 226 (96) 16 Corp. on GAAP basis Share-based compensation 51 45 45 44 40 Amortization of acquired intangibles 71 71 70 72 87 Foreign currency exch. (gains) losses 1 (2) (1) 37 17 Restructuring charges 34 4 19 54 74 Impairment of assets held-for-sale — 11 9 85 — Gain on sale of business (9) — (115) — — Integration, site consolidation and other 19 21 22 14 6 Gain on sale of investment (14) (15) (7) — — Financing fees — 1 12 — — Non-controlling interest impact of non-GAAP (6) — — — (12) items Tax impact of non-GAAP measures (61) (33) (60) (18) (51) . Net earnings attributable to Coherent Corp. 276 248 221 192 177 on non-GAAP basis \* Amounts may not foot due to rounding 14 Copyright 2026, Coherent. All rights reserved.

------

![](g57080ex99_2p15g1.jpg)

\* NET EARNINGS PER COMMON SHARE $ for EPS, $ Millions for shares (Unaudited) Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Common shares, GAAP 190.2 167.5 156.2 155.5 155.2 Effect of dilutive securities: Common stock equivalents 6.1 5.5 4.6 — — Series B Redeemable Preferred Stock — 19.8 29.9 — — Diluted weighted average common shares, 196.4 192.8 190.7 155.5 155.2 GAAP Common shares, Non-GAAP 190.2 167.5 156.2 155.5 155.2 Effect of dilutive securities: Common stock equivalents 6.1 5.5 4.6 3.7 4.0 Series B Redeemable Preferred Stock — 19.8 29.9 — — Diluted weighted average common shares, 196.4 192.8 190.7 159.2 159.1 Non-GAAP Net earnings (loss) attributable to Coherent Corp., GAAP Basic Earnings (Loss) Per Share 1.01 0.87 1.24 (0.83) (0.11) Diluted Earnings (Loss) Per Share 0.97 0.76 1.19 (0.83) (0.11) Net earnings attributable to Coherent Corp., non-GAAP Basic Earnings Per Share 1.45 1.47 1.20 1.02 0.93 Diluted Earnings Per Share 1.41 1.29 1.16 1.00 0.91 \* Amounts may not foot due to rounding 15 Copyright 2026, Coherent. All rights reserved.

------

![](g57080ex99_2p16g1.jpg)

coherent.com/company/investor-relations