### @COHR — Confirmed — from the Q3 FY2026 earnings call and quarterly filing
Yeah. Thanks, everyone. Coherent's quarter ended March 2026 was a record $1.8 billion of revenue, up 7% sequentially and 21% year‑over‑year, or 27% on a pro forma basis that excludes divested businesses, you know? Non‑GAAP gross margin hit 39.6% (up 57 bps sequentially, 105 bps YoY) and operating margin 20.3%, right? We repaid $162 million of debt, cutting leverage to 0.5 times from 1.7 times last quarter, lifted capex to $290 million from $154 million the prior quarter, and backlog hit a record with orders out to 2028, kind of showing the margin‑driven capacity discipline.
- tier: Confirmed (✓)
- source: COHR / The record quarter, and the leverage marched down
- receipt: https://ticker.thevixguy.com/p/p-day-20260721-cohr-src-cohr-q3-record-quarter-rotation
- posted: 2026-07-21T01:15:51.958Z