Coherent (COHR) Gross Margin (2009 - 2026)
Coherent's (COHR) quarterly Gross Margin came in at 38.48% in Q2 2026, up 277.0% year-over-year from 10.21% in Q2 2025, and up 2.18% quarter-over-quarter from 37.66% in Q1 2026.
Analysis
Coherent (COHR) Gross Margin (2009 - 2026) Analysis & Trends
Coherent has disclosed Gross Margin across 18 years of filings, most recently posting 38.48% for Q2 2026.
- In Q2 2026, Gross Margin rose 277.0% year-over-year to 38.48%; the TTM figure through Jun 2026 stood at 37.5% (up 233.0% YoY), while the FY2026 annual figure was 37.5%, up 233.0% from the prior year.
- Gross Margin came in at 38.48% for Q2 2026 at Coherent, up from 37.66% 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.
- Average Gross Margin over 5 years is 34.14%, with a median of 34.68% recorded in 2024.
- Year-over-year, Gross Margin tumbled 856 bps in 2022 and surged 499 bps in 2024.
- Over 5 years, 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 grew by 4 bps to 38.48% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 38.48% in Q2 2026, 37.66% in Q1 2026, and 36.95% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Lumentum Holdings | 73.85 Bn | 71.11 Bn | 477.30 Mn | 47.43% |
| 2 | Coherent | 53.87 Bn | 51.88 Bn | 787.08 Mn | 38.48% |
| 3 | Zebra Technologies | 16.44 Bn | 16.28 Bn | 825.00 Mn | 52.99% |
| 4 | Littelfuse | 10.68 Bn | 10.05 Bn | 306.06 Mn | 41.43% |
| 5 | Vishay Intertechnology | 4.34 Bn | 3.04 Bn | 207.38 Mn | 23.34% |
| 6 | LG Display | 3.21 Bn | 2.14 Bn | 509.35 Mn | 13.62% |
| 7 | Knowles | 3.07 Bn | 3.02 Bn | 74.60 Mn | 44.72% |
| 8 | Bel Fuse | 2.78 Bn | 2.47 Bn | 83.97 Mn | 39.85% |
| 9 | Hesai | 2.56 Bn | 1.58 Bn | 50.88 Mn | 40.11% |
| 10 | Ouster | 2.39 Bn | 2.13 Bn | 26.69 Mn | 48.85% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 38.48% |
| 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% |