Coherent Corp. - Common Stock (COHR)

Ciena beat Q3 earnings estimates with record margins, yet shares fell on margin concerns, prompting a look at rivals Lumentum and Coherent for AI optical networking exposure.

Luther still owns 64,475 shares following the sale, showing continued alignment with the success of the company.

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SAXONBURG, Pa., Aug. 25, 2026 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR) (“Coherent,” “We,” or the “Company”), a global leader in photonics, announced today that it will unveil Coherent PhotonLink™ at the 2026 European Conference on Optical Communication (ECOC), Europe's largest and most prestigious event for optical communications, fiber optics, and photonics.

Coherent shares fell about 12% despite strong earnings and a new 300mm silicon carbide substrate for AI chip thermal management, backed by $1 billion from Denso and Mitsubishi Electric.

The market spent Tuesday worrying that AI demand will fade. Both companies had just reported the opposite.

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Record revenue and margin expansion driven by AI data center optical connectivity demand.