Coherent (COHR) Gross Margin (2009 - 2026)
Coherent's (COHR) quarterly Gross Margin came in at 37.66% in Q1 2026, up 243.0% year-on-year from 10.98% in Q1 2025, and up 1.92% quarter-over-quarter from 36.95% in Q4 2025.
Coherent (COHR) Gross Margin (2009 - 2026) Analysis & Trends
Coherent has disclosed Gross Margin across 18 years of filings, most recently posting 37.66% for Q1 2026.
- Gross Margin for Q1 2026 came in at 37.66%, up 243.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 36.78% (up 230.0% YoY), and the FY2025 annual result was 35.17%, up 424.0% from the prior year.
- Gross Margin came in at 37.66% for Q1 2026 at Coherent, up from 36.95% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 38.86% in Q1 2022 to a low of 28.49% in Q2 2023.
- The 5-year median for Gross Margin is 34.13% (2024), against an average of 33.89%.
- Across the five-year window, Gross Margin plunged 856 bps in 2022 and jumped 499 bps in 2024, its largest moves.
- Coherent's Gross Margin stood at 30.01% in 2022, then climbed by 3 bps to 30.99% in 2023, then climbed by 15 bps to 35.5% in 2024, then gained by 4 bps to 36.95% in 2025, then rose by 2 bps to 37.66% in 2026.
- The last three Gross Margin figures came in at 37.66% (Q1 2026), 36.95% (Q4 2025), and 36.63% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 67.67 Bn | 66.37 Bn | 679.95 Mn | 37.66% |
| 2 | Keysight Technologies | 57.00 Bn | 54.83 Bn | 995.00 Mn | 62.19% |
| 3 | Garmin | 45.82 Bn | 43.12 Bn | 1.04 Bn | 59.44% |
| 4 | Teledyne Technologies | 28.64 Bn | 28.34 Bn | 673.80 Mn | 43.19% |
| 5 | Mks | 21.67 Bn | 21.10 Bn | 507.00 Mn | 47.03% |
| 6 | Fortive | 19.42 Bn | 19.07 Bn | 675.50 Mn | 63.17% |
| 7 | Trimble | 12.42 Bn | 12.19 Bn | 646.30 Mn | 68.76% |
| 8 | Cognex | 10.23 Bn | 9.94 Bn | 190.94 Mn | 71.13% |
| 9 | Esco Technologies | 7.86 Bn | 7.77 Bn | 131.32 Mn | 42.45% |
| 10 | Sensata Technologies Holding | 7.28 Bn | 6.64 Bn | 286.30 Mn | 30.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 37.66% |
| Dec 31, 2025 | 36.95% |
| Sep 30, 2025 | 36.63% |
| Jun 30, 2025 | 35.71% |
| Mar 31, 2025 | 35.23% |
| Dec 31, 2024 | 35.50% |
| Sep 30, 2024 | 34.13% |
| Jun 30, 2024 | 32.86% |
| Mar 31, 2024 | 30.32% |
| Dec 31, 2023 | 30.99% |
| Sep 30, 2023 | 29.14% |
| Jun 30, 2023 | 28.49% |
| Mar 31, 2023 | 33.88% |
| Dec 31, 2022 | 30.01% |
| Sep 30, 2022 | 32.99% |
| Jun 30, 2022 | 36.76% |
| Mar 31, 2022 | 38.86% |
| Dec 31, 2021 | 38.57% |
| Sep 30, 2021 | 38.56% |
| Jun 30, 2021 | 38.07% |