COHR vs LITE: AI Stock Comparison

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

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$LITE scores higher on AI exposure (4/5 vs 3/5) under our published rubric. The score measures how directly each business is tied to AI, not which stock to buy.
⏱ Next catalyst: Not enough tracked catalysts to compare.
$COHR
Coherent Corp.
Optical transceivers, lasers and materials.
$LITE 🏆
Lumentum Holdings Inc.
Lasers and optical components for AI networking.
AI exposure score⚡⚡⚡⚡⚡ 3/5⚡⚡⚡⚡⚡ 4/5
Shares outstanding197.0M
as of 2026-11-02 · 10-Q cover page · SEC filing
90.7M
as of 2026-10-28 · 10-Q cover page · SEC filing
CategoryNetworking & opticsNetworking & optics
Key metrics
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
Revenue (latest quarter) $1.26B
10-Q period ended 2026-09-26; +137% y/y · SEC filing
Gross margin 51.0%
Gross profit / revenue, same quarter · SEC filing
Operating income $359.8M
Same quarter; 28% operating margin · SEC filing
Next earningsNot yet announced / not on our calendarNot yet announced / not on our calendar
Next catalystNot yet announced / not on our calendarNot yet announced / not on our calendar
Upcoming catalystsNone trackedNone tracked
Most recent reported
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%.
Nov 2, 2026
Marvell to acquire Lumentum in all-stock deal (~$115B EV) · source
Combines electrical and optical AI connectivity; expected to close 1H 2028 pending approvals.
Key risks
  • “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
  • “Social and environmental responsibility regulations, policies and provisions, as well as customer and investor demands, may make our supply chain more complex and may adversely affect our…” — 10-K risk factor (filed 2026-08-17) · source
  • “Changes in demand and customer requirements for our products may reduce manufacturing yields, which could negatively impact our profitability.” — 10-K risk factor (filed 2026-08-17) · source
AI angle

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

Lumentum's lasers and transceivers move data inside AI data centers. Marvell agreed on Nov 2, 2026 to acquire it in an all-stock deal expected to close in 1H 2028.

Full analysis: $COHR →Full analysis: $LITE →

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