Slide 1: Investor Presentation Second Quarter Fiscal 2026
INVESTOR PRESENTATION Second Quarter Fiscal 2026 February 4, 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 third quarter of fiscal 2026, each of which is based on certain assumptions
Slide 3: Gross Margin and Earnings Per Common Share GAAP to Non-GAAP Reconciliations
GROSS MARGIN AND EARNINGS PER COMMON SHARE GAAP TO NON-GAAP RECONCILIATIONS$ Millions (Unaudited) Gross margin on GAAP basis Dec 31, 2025 623 Sep 30, 2025 579 Jun 30, 2025 546 Mar 31, 2025 528 Dec 31, 2024 509 Share-based compensation 6 6 6 5 6 Amortization of acquired intangibles 28 28 31 44 30 Int
Slide 4: Q2 FY 2026 Revenue and Non-GAAP Earnings Results Highlights
Q2 FY 2026 REVENUE AND NON-GAAP EARNINGS RESULTS HIGHLIGHTS Revenue “We delivered strong year-over-year revenue growth in the December quarter, driven by another quarter of strong demand in our datacenter and communications segment. We expect continued strong growth in the second-half of fiscal 2026
Slide 5: Quarterly Revenue by Segment
QUARTERLY REVENUE BY SEGMENT REVENUE DISTRIBUTION BY SEGMENT Quarterly Revenue Trend Revenue Distribution Datacenter and (1) 1,800 1,686 Communications 1,581 1,600 1,498 1,529 1,435 1,400 72% Revenue ($M) 1,200 1,000 800 600 FY26Q2 400 200 0 28% FY25Q2 FY25Q3 FY25Q4 FY26Q1 FY26Q2 Industrial 530 529
Slide 6: Third Quarter Fiscal 2026 Outlook
THIRD QUARTER FISCAL 2026 OUTLOOK (1) At the end of January 2026, we closed the sale of our product division based in Munich Germany that makes tools for materials processing. Our Q3 outlook includes $5M of revenue from the period prior to the close of the sale of the Munich tools business. REVENUE
Slide 7: GAAP to Non-GAAP Reconciliation
GAAP TO NON-GAAP RECONCILIATION Copyright 2026, Coherent. All rights reserved. 7
Slide 8: Gross Margin Reconciliation
GROSS MARGIN RECONCILIATION $ Millions (Unaudited) Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Gross margin on GAAP basis 623 579 546 528 509 Share-based compensation 6 6 6 5 6 Amortization of acquired intangibles 28 28 31 44 30 Integration, site consolidation and other 0 (0) (0
Slide 9: Operating Expenses Reconciliation
OPERATING EXPENSES RECONCILIATION $ Millions (Unaudited) Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 R&D on GAAP basis 166 155 156 151 144 Share-based compensation (7) (7) (6) (5) (6) Amortization of acquired intangibles (0) (0) (0) (4) (1) R&D on non-GAAP basis 159 148 150 141
Slide 10: Income from Operations Reconciliation
INCOME FROM OPERATIONS RECONCILIATION $ Millions (Unaudited) Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Op. income on GAAP basis 184 259 6 72 137 Share-based compensation 45 45 44 40 41 Amortization of acquired intangibles 71 70 72 87 72 Restructuring charges 4 19 54 74 8 Finan
Slide 11: Net Earnings Reconciliation
NET EARNINGS RECONCILIATION $ Millions (Unaudited) Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Net earnings (loss) attributable to Coherent 147 226 (96) 16 103 Corp. on GAAP basis Share-based compensation 45 45 44 40 41 Amortization of acquired intangibles 71 70 72 87 72 Foreign
Slide 12: Net Earnings per Common Share
NET EARNINGS PER COMMON SHARE $ for EPS, $ Millions for shares (Unaudited) Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Common shares, GAAP 167.5 156.2 155.5 155.2 154.8 Effect of dilutive securities: Common stock equivalents 5.5 4.6 — — 5.2 Series B Redeemable Preferred Stock 19
Slide 13: coherent.com/company/investor-relations
coherent.com/company/investor-relations