Slide 1: Investor Presentation Third Quarter Fiscal 2026
INVESTOR PRESENTATION Third Quarter Fiscal 2026 May 6, 2026 Copyright 2026, Coherent. All rights reserved. 1
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements relating to future events and expectations, including our expectations regarding our estimates and projections for our business outlook for the fourth quarter of fiscal 2026, each of which is based on certain assumption
Slide 3: Gross Margin and Earnings Per Share GAAP to Non-GAAP Reconciliations
GROSS MARGIN AND EARNINGS PER SHARE GAAP TO NON-GAAP RECONCILIATIONS $ Millions (Unaudited) Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Gross margin on GAAP basis 680 623 579 546 528 Share-based compensation 6 6 6 6 5 Amortization of acquired intangibles 28 28 28 31 44 Integrati
Slide 4: Q3 FY26 Non-GAAP Financial Results
Q3 FY26 NON-GAAP FINANCIAL RESULTS Revenue Growth Acceleration and Gross Margin Expansion Driven by Datacenter Demand REVENUE GROSS MARGIN EARNINGS PER SHARE 27% * 105BP * 55% * $1.80B in Q3 FY26 vs. $1.41B in Q3 FY25* 39.6% in Q3 FY26 vs. 38.5% in Q3 FY25 $1.41 in Q3 FY26 vs. $0.91 in Q3 FY25 Coher
Slide 5: Quarterly Revenue by Market Segment
QUARTERLY REVENUE BY MARKET SEGMENT Quarterly Revenue Trend 2,000 1,806 1,800 1,686 1,581 1,600 1,498 1,529 1,400 Revenue ($M) 1,200 1,000 800 600 400 200 0 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Industrial 529 511 491 478 444 Datacenter and 969 1,018 1,090 1,208 1,362 Communications Copyright 2026
Slide 6: Building the Next-Gen AI Datacenter
BUILDING THE NEXT-GEN AI DATACENTER Meeting customer demands for scalable, high-performance and efficient infrastructure SCALING ACCELERATING ENHANCING CAPACITY PERFORMANCE EFFICIENCY • Ramping Datacenter and Communications • Multiple CPO architectures, Silicon Photonics, • Advanced thermal and cool
Slide 7: Investing to Expand Technology Leadership and Unmatched Manufacturing Scale
INVESTING TO EXPAND TECHNOLOGY LEADERSHIP AND UNMATCHED MANUFACTURING SCALE Recent Announcements EXTENDING PLATFORM SCALING INDIUM PHOSPHIDE (InP) STRENGTHENING U.S. LEADERSHIP IN NEXT-GEN AI WAFER PRODUCTION IN TEXAS MANUFACTURING FOOTPRINT End-to-end optical integration, Increasing InP output to A
Slide 8: Entering a New Phase of Accelerated Growth
ENTERING A NEW PHASE OF ACCELERATED GROWTH New Growth Optical Circuit Switch CPO/NPO Multi-rail Thermal Solutions Engines Adding $20B+ Incremental SAM New Revenue Now H2 2026 H1 2027 H2 2027 Transceivers DCI Transceivers Transport/Transmission Optical Components Existing Growth ZR/ZR+ 1.6T, 3.2T, 6.
Slide 9: Fourth Quarter Fiscal 2026 Outlook
FOURTH QUARTER FISCAL 2026 OUTLOOK (1) REVENUE $1.91 billion to $2.05 billion NON-GAAP GROSS MARGIN 39.0% to 41.0% NON-GAAP OPERATING EXPENSES $360 million to $380 million NON-GAAP TAX RATE 18% to 20% NON-GAAP EARNINGS PER SHARE $1.52 to $1.72 (1) The Company has not provided a quantitative reconcil
Slide 10: GAAP to Non-GAAP Reconciliation
GAAP TO NON-GAAP RECONCILIATION Copyright 2026, Coherent. All rights reserved. 10
Slide 11: Gross Margin Reconciliation
GROSS MARGIN RECONCILIATION* $ Millions (Unaudited) Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Gross margin on GAAP basis 680 623 579 546 528 Share-based compensation 6 6 6 6 5 Amortization of acquired intangibles 28 28 28 31 44 Integration, site consolidation and other — — — —
Slide 12: Operating Expenses Reconciliation
OPERATING EXPENSES RECONCILIATION * $ Millions (Unaudited) Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 R&D on GAAP basis 186 166 155 156 151 Share-based compensation (7) (7) (7) (6) (5) Amortization of acquired intangibles — — — — (4) R&D on non-GAAP basis 178 159 148 149 141 SG
Slide 13: Income from Operations Reconciliation
INCOME FROM OPERATIONS RECONCILIATION * $ Millions (Unaudited) Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Op. income on GAAP basis 201 184 259 6 72 Share-based compensation 51 45 45 44 40 Amortization of acquired intangibles 71 71 70 72 87 Restructuring charges 34 4 19 54 74 Fi
Slide 14: Net Earnings Reconciliation
NET EARNINGS RECONCILIATION * $ Millions (Unaudited) Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Net earnings (loss) attributable to Coherent 191 147 226 (96) 16 Corp. on GAAP basis Share-based compensation 51 45 45 44 40 Amortization of acquired intangibles 71 71 70 72 87 Forei
Slide 15: Net Earnings Per Common Share
NET EARNINGS PER COMMON SHARE * $ for EPS, $ Millions for shares (Unaudited) Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Common shares, GAAP 190.2 167.5 156.2 155.5 155.2 Effect of dilutive securities: Common stock equivalents 6.1 5.5 4.6 — — Series B Redeemable Preferred Stock
Slide 16: coherent.com/company/investor-relations
coherent.com/company/investor-relations