COHR · 10-K filed 14 Aug 2026 · year to 30 Jun 2026

Coherent

28 named things its latest annual report says its results depend on, each in the company's own words. 20 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Two unnamed major customers

concentrated in · two customers each contributing more than 10% of total revenues in fiscal 2026named as a risk

A small number of customers have consistently accounted for a significant portion of our revenues, with two customers each contributing more than 10% of total revenues in fiscal 2026.Risk factors (Item 1A)

Huawei

subject tonamed as a risk

In January 2025, we received an inquiry from BIS concerning past product sales to Huawei; we are cooperating with BIS’s inquiry and conducting an internal review of those sales to determine what products are subject to the EAR and consequently restricted for export, reexport, and transfer when Huawei is a party to the transaction.Risk factors (Item 1A)

Also named by CIEN, NVDA, P, PDFS, QCOM

AI datacenter demand

earns fromnamed as a risk

A portion of the recent demand for our products has been driven by the rapid expansion of artificial intelligence (“AI”) and data center infrastructure.Risk factors (Item 1A)

NVIDIA

earns from

During fiscal 2026, we announced the expansion of our Sherman, Texas, manufacturing facility, entered into a strategic multi-year supply agreement with NVIDIA for advanced lasers and optical networking products supporting next-generation AI infrastructure, and received a $50 million preliminary memorandum of terms under the CHIPS and Science Act to support the Sherman expansion.Business (Item 1)

Also named by AMD, ANET, BAM, CDNS, DOCN, HPE, INTC, NOW and 3 more

Suppliers

Contract manufacturers

depends onnamed as a risk

Our reliance on contract manufacturers exposes us to risks including reduced control over delivery schedules and planning, limited visibility into or availability of manufacturing capability and capacity, reliance on third-party quality assurance procedures, cybersecurity incidents or data security breaches affecting contract manufacturers, and the risk that disruptions at those manufacturers could require us to identify and qualify alternatives, which may be expensive and time-consuming and could result in supply interruptions and harm to customer relationships.Risk factors (Item 1A)

Also named by AIOT, CSCO, DELL, GNRC, GOOG, HROW, KEYS, LITE and 6 more

Sole-source suppliers of exotic materials, crystals, and optics

depends onnamed as a risk

However, in the Industrial segment, we currently purchase several key components and materials used in the manufacture of our products, including exotic materials, crystals, and optics, from sole-source or limited-source suppliers.Business (Item 1)

Other companies

Variable rate debt

exposed to its price · $25 millionnamed as a risk

If we had not effectively hedged our variable rate debt, a change in the interest rate of 100 basis points on these variable rate borrowings would have resulted in additional interest expense of $25 million for the year ended June 30, 2026.Market risk (Item 7A)

Also named by CSW, DOC, MGRC, O, PKG, SNEX, SNX, TOL

Places

Asia-Pacific

concentrated in · approximately 44,582 employees

Our global footprint is diverse, with approximately 44,582 employees in the Asia-Pacific region, 3,177 in Europe, and 3,719 in the Americas.Business (Item 1)

Also named by AIG, AVY, BLK, BNY, CCK, CL, DCI, EEFT and 17 more

China

depends onnamed as a risk

In 2024, China imposed export restrictions on certain rare earth minerals such as yttrium and germanium, which disrupted and may continue to disrupt global supply chains, driving up costs.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Asia

depends onnamed as a risk

In addition, many of our products are sourced from suppliers based outside of the United States, primarily in Asia.Risk factors (Item 1A)

Also named by AAPL, AYI, CART, CB, CDW, CHD, CLS, DELL and 31 more

Germany, Malaysia, China manufacturing network

operates innamed as a risk

We and our subcontractors maintain operations and continuously implement new product and process technologies at manufacturing facilities, which are widely dispersed in multiple locations in several countries including the United States, Germany, Malaysia, and China.Risk factors (Item 1A)

Sherman, Texas

operates in

Also named by TXN

Commodities and inputs

Chinese Renminbi

exposed to its pricenamed as a risk

In the normal course of business, we have the option to use a variety of techniques and derivative financial instruments as part of our overall risk management strategy, which is primarily focused on our exposure in relation to the Chinese Renminbi, Euro, Swiss Franc, Japanese Yen, Singapore Dollar and Korean Won.Market risk (Item 7A)

Also named by AAOI, ALB, AOS, APD, BBW, BWA, CGNX, DD and 15 more

Rare earth minerals

exposed to its pricenamed as a risk

The negative impact from increases in commodity prices and diminished availability of rare earth minerals and noble gases might not be recovered through our product sales, which could have a material adverse effect on our results of operations and financial condition.Risk factors (Item 1A)

Also named by ALAB, AMAT, DE, EXTR, GE, GEHC, GWW, JCI and 10 more

Germanium

depends onnamed as a risk

Also named by SWKS

Yttrium

depends onnamed as a risk

Noble gases

exposed to its pricenamed as a risk

We are exposed to a variety of market risks, including the effects of increases in commodity prices and diminished availability of rare earth minerals and noble gases.Risk factors (Item 1A)

Indium phosphide (InP)

depends onnamed as a risk

Our manufacturing processes and those of our contract manufacturers rely on many materials, including precious and rare earth metals, indium phosphide (“InP”) and certain lasers and laser components that may be difficult to source, may only be available from a single or limited number of suppliers.Risk factors (Item 1A)

Regulators

U.S. Department of Commerce Bureau of Industry and Security (BIS)

subject tonamed as a risk

These rules prevent us from selling certain products subject to the EAR to identified Huawei entities without a license issued by BIS.Risk factors (Item 1A)

Also named by AMAT, CDNS, GRC, SMCI

Laws and programs

Credit Agreement (Term Loan A, Term Loan B, Revolving Credit Facility)

subject to · approximately $3.2 billion of outstanding indebtednessnamed as a risk

In addition, the Term Loan A Facility and Revolving Credit Facility require that the Company maintain (i) a maximum total net leverage ratio, as defined in the Credit Agreement, of 4.25 to 1.00 through maturity and (ii) an interest coverage ratio, as defined in the Credit Agreement, of at least 2.50 to 1.00.Risk factors (Item 1A)

Also named by CELH, EXE, GTX, IRM, MP, RBA, RRGB, STRL and 1 more

CHIPS and Science Act

subject to · $50 million preliminary memorandum of termsnamed as a risk

inability to realize expected grants, investment tax credits, and other government incentives, including through the CHIPS Act and other national, international, state, and local grants;Risk factors (Item 1A)

Also named by AMKR, AVGO, ENTG, J

OECD Pillar Two

subject tonamed as a risk

Enactment of the “side-by-side” agreement or other changes related to Pillar Two may impact our effective tax rate and cash tax payments.Risk factors (Item 1A)

Also named by APO, BAM, BAX, BF/B, CHRW, CPNG, CRM, CW and 45 more

Export Administration Regulations (EAR)

subject tonamed as a risk

Failure to obtain and/or retain export licenses for these shipments could significantly reduce our revenue and materially adversely affect our business, financial condition, results of operations and relationships with our customers.Risk factors (Item 1A)

Also named by ADI, ALAB, AMD, APP, ARW, AVGO, CARR, CDRE and 40 more

International Emergency Economic Powers Act (IEEPA) tariffs

subject tonamed as a risk

On February 20, 2026, the U.S. Supreme Court rendered a decision invalidating tariffs imposed under the International Emergency Economic Powers Act (“IEEPA”), which introduces uncertainty regarding potential refund processes and future trade-policy actions.Risk factors (Item 1A)

Also named by AAOI, ANET, ARW, CSW, DECK, FIVE, IBP, KLAC and 8 more

U.S. Section 232 tariffs

subject tonamed as a risk

In addition, the U.S. government has initiated investigations under Section 232 of the Trade Expansion Act of 1962 to evaluate whether additional tariffs may be necessary on certain commodities, including semiconductors, critical minerals, and derivative electronics products, on national-security grounds, and upon completion of these investigations the President may direct the imposition of additional tariffs on these or other commodities.Risk factors (Item 1A)

Also named by ANET

U.S.-China tariffs and trade sanctions

subject tonamed as a risk

A number of these tariffs remain in effect, including significant tariffs and trade sanctions between the United States and China.Risk factors (Item 1A)

One Big Beautiful Bill Act (OBBBA)

subject to

Certain provisions of OBBBA become effective in future years and the Company will continue to assess the impact of the legislation on future reporting periods.Risk factors (Item 1A)

Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more

International Traffic in Arms Regulations (ITAR)

subject to

The International Traffic in Arms Regulations (ITAR) administered by the U.S. Department of State, Directorate of Defense Trade Controls, which among other things impose licensing requirements on the export from the United States of certain defense articles and defense services, generally including items that are specially designed or adapted for a military application and/or listed on the United States Munitions List;Business (Item 1)

Also named by ACHR, ADI, AIR, ALSN, APH, AVAV, CDRE, CLS and 29 more