Coherent Corp 2025年季度报告

FORM10-Q________________________________________________________________ ☒Quarterly Report Pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period endedSeptember30, 2025 Transition report pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934 for the transition period fromto. COHERENT CORP. (Exact name of registrant as specified in its charter)________________________________________________________________ Registrant’s telephone number, including area code:724-352-4455 N/A(Former name, former address and former fiscal year, if changed since last report)________________________________________________________________ Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐ Accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:At November3, 2025,157,153,611shares of Common Stock, no par value, of the registrant were outstanding. COHERENT CORP. INDEX Item 1.Financial Statements:Condensed Consolidated Balance Sheets –September30, 2025 and June30, 2025 (Unaudited)3Condensed Consolidated Statements of Earnings (Loss) –Three Months Ended September30, 2025 and 2024(Unaudited)4Condensed Consolidated Statements of Comprehensive Income (Loss) –Three Months Ended September30,2025and 2024 (Unaudited)5Condensed Consolidated Statements of Cash Flows –Three Months EndedSeptember30, 2025and 2024(Unaudited)6Condensed Consolidated Statements of Equity and Mezzanine Equity –Three Months Ended September30,2025and 2024 (Unaudited)9Notes to Condensed Consolidated Financial Statements (Unaudited)10Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations27Item 3.Quantitative and Qualitative Disclosures About Market Risk35Item 4.Controls and Procedures35PART II - OTHER INFORMATIONItem 1.Legal Proceedings36Item 1A.Risk Factors36Item 5.Other Information36Item 6.Exhibits37 PART I - FINANCIAL INFORMATION Coherent Corp. and SubsidiariesCondensed Consolidated Statements of Earnings (Loss) (Unaudited)($000, except per share data) Table of Contents Coherent Corp. and SubsidiariesCondensed Consolidated Statements of Cash Flows (Unaudited)($000) Table of Contents The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Condensed ConsolidatedBalance Sheets that sum to the total of the same amounts shown in the Condensed Consolidated Statements of Cash Flows. Coherent Corp. and SubsidiariesNotes to Condensed Consolidated Financial Statements (Unaudited) Note 1.Basis of Presentation Basis of Presentation The condensed consolidated financial statements of Coherent Corp. (“Coherent”, the “Company”, “we”, “us” or “our”) for the threemonths ended September30, 2025 and 2024 are unaudited. In the opinion of management, all adjustments considered necessary for afair presentation for the periods presented have been included. All adjustments are of a normal recurring nature unless disclosedotherwise. Certain information and footnote disclosures normally included in financial statements prepared in accordance withaccounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted. Thesecondensed consolidated financial statements should be read in conjunction with the audited financial statements and notes theretoincluded in the Company’s Annual Report on Form 10-K for the year ended June30, 2025 f