Coherent (COHR) Climbs 6.78% on S&P 500 Addition

Coherent Corp. (NYSE:COHR) is one of the 10 Stocks Grabbing Investor Attention Today.

Coherent Corp. rallied for a second day on Tuesday, jumping 6.78 percent to close at $272.33 apiece, as investors resumed buying positions in its stock following its official addition to the S&P 500 index.

Companies being added to benchmark indices typically get a boost before and after their inclusion, as funds and investment firms reposition their portfolios to mirror the recomposition of the index. Meanwhile, this also boosts their exposure to global retail investors.

Photo from Coherent website

Coherent Corp. (NYSE:COHR) is a semiconductor company which manufactures engineered materials, optoelectronic components, and laser systems.

In the second quarter of fiscal year 2026 ending December 2025, Coherent Corp. (NYSE:COHR) achieved a strong double-digit earnings performance thanks to demand from data center and communication segments.

During the period, net income attributable to shareholders increased by 41.9 percent to $147 million from $103 million in the same period a year earlier, while revenues jumped by 17.5 percent to $1.686 billion from $1.435 billion year-on-year.

“We expect continued strong growth in the second half of fiscal 2026 and throughout fiscal 2027 based on strong datacenter and communications demand and our continued production capacity expansion along with improving demand in our Industrial segment,” Coherent Corp. (NYSE:COHR) CEO Jim Anderson said.

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