Coherent, Inc. Price & Performance (COHR)

II-VI Incorporated has finalized its acquisition of Coherent, creating a dominant force in materials, networking, and lasers. The new entity, now branded Coherent, is organized into three business segments and aims to serve industrial, communications, electronics, and instrumentation markets, with a combined workforce exceeding 28,000 globally.12

Shareholders from both II-VI and Coherent have given near-unanimous approval to the companies’ merger, clearing a major hurdle for the $65 billion market opportunity. Leaders expect the transaction to enhance innovation, broaden customer reach, and drive value, pending final regulatory approvals and customary closing conditions.34

Coherent’s stock dropped 15% over the past month, despite recent technological advancements and robust revenue guidance for Q3 2025. The company reported net income of $103.39 million and continues to invest in semiconductor production, but broader market instability and tariff concerns have weighed on investor sentiment.56