Coherent (COHR) Stock Drops 4% After Hours Despite Record Q4 Earnings Beat

TLDR

• Coherent posted Q4 adjusted EPS of $1.74, beating the $1.62 estimate, with revenue up 34% to $2.05 billion.
• Full fiscal year 2026 revenue hit $7.12 billion, with non-GAAP EPS of $5.61, up roughly 59% year-over-year.
• Q1 fiscal 2027 guidance of $2.2B to $2.4B in revenue and EPS of $1.85 to $2.05 topped analyst forecasts.
• COHR $COHR gained 8.2% during Wednesday’s regular session before dropping around 4% in after-hours.
• The pullback is seen as a classic “sell the news” move after a strong pre-earnings run.

Coherent (COHR) stock ended Wednesday up 8.2%, closing at $355.64, before sliding roughly 4% in after-hours to around $343.81. The move came after the company reported a record fiscal fourth quarter that beat estimates across the board.

Coherent, Inc., COHR

Q4 revenue came in at $2.05 billion, a 34% jump year-over-year, ahead of the $1.98 billion Wall Street expected. Adjusted EPS of $1.74 beat the $1.62 consensus and was up sharply from $1.00 a year ago.

For the full fiscal year 2026, Coherent posted revenue of $7.12 billion and non-GAAP EPS of $5.61, representing roughly 59% earnings growth year-over-year. CEO Jim Anderson called it “an outstanding year” with record revenue and margin expansion.

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