We recently published 10 Stocks on Fire Amid Market Chaos. Coherent Corp. is one of the best-performing stocks on Thursday.
Coherent Corp. jumped to a new all-time high on Thursday, as investors cheered a stellar earnings performance in the first quarter of fiscal year 2026, thanks to strong demand from AI data centers.
At intra-day trading, Coherent Corp. soared to its highest price of $162.50 before trimming gains to end the day just up by 18.32 percent at $159.30 apiece.
In an updated report, Coherent Corp. said it incurred a net income attributable to shareholders of $226 million, marking a 769 percent jump from the $26 million previously.
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Revenues increased by 17 percent to $1.581 billion from $1.348 billion year-on-year, driven by strong demand from AI-related data centers and communications.
Looking ahead, Coherent Corp. expects revenues for the second quarter of the fiscal period to end at $1.56 billion to $1.70 billion; gross margin percentage of 38 to 40 percent; and earnings per share of $1.10 to $1.30.
“We expect continued strong growth throughout this fiscal year based on increasing datacenter and communications demand along with our continued production capacity expansion,” said Coherent Corp. CEO Jim Anderson.
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This article is originally published at Insider Monkey.
