Coherent reports record Q3 fiscal 2026 revenue of US$1.81b and receives US$2b equity investment from NVIDIA for AI data center optics

Coherent (COHR) reported record third quarter fiscal 2026 results with US$1.81b in revenue and stronger margins, alongside a US$2b equity investment from NVIDIA related to AI data center optics.

The stock declined 7.39% in the latest session but showed momentum over longer periods: 30-day share price return of 25.12%, 90-day return of 40.19%, and 1-year total shareholder return above 300%.

Demand is being driven by expansion of AI datacenter infrastructure and high-performance computing, propelling growth in advanced optical transceivers (800G, 1.6T, and beyond), optical circuit switches, and photonics components.

The most followed analyst narrative values Coherent at US$313.50 (1.8% overvalued), with the stock trading roughly 16% below the average analyst price target at a market capitalization of about US$67.4b.