CIEN vs COHR: AI Stock Comparison

Ciena Corporation vs Coherent Corp.: AI exposure, key metrics, next earnings dates, upcoming catalysts and risks — every number linked to its source.

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Tie: both score 3/5 on AI exposure under our rubric; compare the catalysts and risks below. The score measures how directly each business is tied to AI, not which stock to buy.
⏱ Next catalyst: Not enough tracked catalysts to compare.
$CIEN
Ciena Corporation
Optical networking that links data centers.
$COHR
Coherent Corp.
Optical transceivers, lasers and materials.
AI exposure score⚡⚡⚡⚡⚡ 3/5⚡⚡⚡⚡⚡ 3/5
Shares outstanding141.8M
as of 2026-08-28 · 10-Q cover page · SEC filing
197.0M
as of 2026-11-02 · 10-Q cover page · SEC filing
CategoryNetworking & opticsNetworking & optics
Key metrics
Revenue (latest quarter) $1.67B
10-Q period ended 2026-08-01; +37% y/y · SEC filing
Gross margin 45.4%
Gross profit / revenue, same quarter · SEC filing
Operating income $301.2M
Same quarter; 18% operating margin · SEC filing
Revenue (latest quarter) $2.37B
10-Q period ended 2026-09-30; +50% y/y · SEC filing
Net income $384.7M
Same quarter · SEC filing
Next earnings
Dec 10, 2026 expected
Ciena Corporation quarterly earnings · source
Not yet announced / not on our calendar
Next catalyst
Dec 10, 2026 expected
Ciena Corporation quarterly earnings · source
Not yet announced / not on our calendar
Upcoming catalysts
Dec 10, 2026 expected
Ciena Corporation quarterly earnings · source
None tracked
Most recent reportedNot yet announced / not on our calendar
Nov 4, 2026
Coherent Corp. reports quarterly results · source
Optical transceivers for AI data-center networking. Fiscal Q1 revenue $2.37B (+50% y/y); GAAP EPS $1.90. Company expects fiscal 2027 pro forma revenue growth above 60%.
Key risks
  • “Our failure to effectively align our supply chain capacity and inventory levels with customer demand can adversely impact our results of operations and customer relationships.” — 10-K risk factor (filed 2025-12-12) · source
  • “Our revenue is concentrated among a small number of customers and reductions in their spending could materially adversely impact our results of operations.” — 10-K risk factor (filed 2025-12-12) · source
  • “A significant portion of our business is subject to cyclical market factors and we may fail to accurately estimate the size and growth rate of our markets and our customers’ demands.” — 10-K risk factor (filed 2026-08-14) · source
  • “We may encounter increased competition, and we may fail to accurately estimate our competitors’ or our customers’ willingness and capability to backward integrate into our competencies and…” — 10-K risk factor (filed 2026-08-14) · source
AI angle

Ciena's coherent optical gear connects data centers across metro and long-haul distances. AI training and inference spread across sites drive interconnect demand from cloud providers.

Coherent supplies the optical transceivers that connect GPUs and switches in AI clusters, alongside industrial and materials businesses with different cycles.

Full analysis: $CIEN →Full analysis: $COHR →

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Deep dives: CIEN next earnings & catalysts · COHR next earnings & catalysts · AI earnings this week