Coherent, Inc.

“It seems like the industry is bringing a lot of supply online. Broadcom's talking about some additional capacity as well.”

An analyst frames Broadcom as one of several players adding indium phosphide / transceiver capacity, implying Broadcom is expanding supply in the AI optical component market.

“we won, you know, significant new agreement with Apple that they announced as part of their American manufacturing program, this past summer.”

Coherent secured a multiyear 3D sensing win supplying Apple from its Sherman, Texas six-inch gallium arsenide VCSEL line, with revenue starting in the second half of the calendar year — a read-through for Apple's US manufacturing sourcing.

“It's a new generation of VCSELs that go into Apple iPad and iPhones and we do see that as an increase in revenue that will start to have impact to our revenue in the second half of next calendar year, so second half of '26.”

Coherent frames the expanded Apple VCSEL agreement as incremental revenue growth beginning 2H 2026, manufactured at its Sherman, Texas plant.

“As mentioned in a recent Apple announcement regarding their American manufacturing program, we've entered into a new multiyear agreement with Apple for a new generation of VCSEL products that support Apple's iPhone and iPad products.”

Coherent signed a new multiyear agreement to supply a new generation of VCSELs for Apple's iPhone and iPad, expanding a long-standing customer relationship with revenue expected to begin 2H calendar 2026.

“We announced our collaboration with NVIDIA on co-packaged optics and networking switches for AI infrastructure”

Coherent announced a collaboration with NVIDIA on co-packaged optics and networking switches for AI data center infrastructure, tying its photonics roadmap to NVIDIA's AI buildout.