10 Best Performing Quantum Computing Stocks So Far in 2026

7. Coherent Corp. (NYSE:COHR)

Year-to-date return as of May 19: 81.97%

On May 6, Coherent Corp. (NYSE:COHR) reported Q3 fiscal 2026 results, posting revenue of $1.81 billion, rising 21% year over year and 27% on a pro forma basis, according to the company.

Margins improved alongside growth as  Coherent Corp. (NYSE:COHR)  stated GAAP gross margin reached 37.7%, up 243 basis points. Non-GAAP gross margin touched 39.6%, while GAAP EPS was $0.97, climbing to $1.08, and non-GAAP EPS was $1.41, rising $0.50.

Chief Executive Jim Anderson tied the growth to demand, saying the company delivered “strong financial performance,” and that “accelerating revenue growth, expanding margins, and improving profitability” was because of datacenter and communications strength. Jim also added that AI datacenter scaling is pushing capacity expansion.

Chief Financial Officer Sherri Luther said “significant revenue growth together with gross margin expansion” lifted GAAP and non-GAAP EPS.  She also mentioned that the company is increasing capital investment to expand capacity in response to “strong visibility” of demand.

Coherent Corp. (NYSE:COHR) produces, refines, manufactures, and markets engineered materials, optoelectronic components and devices, and lasers for the industrial, communications, electronics, and instrumentation markets. It works through networking, materials, and laser areas.