# COHR Full forecast · Q1 FY27

> The forecast for Coherent: the next two quarters line by line, three years of sales and EPS, a low and a high case. Next report: Q1 FY27 on 4 November after the close.

Canonical: https://pricedin.markets/cohr/fq1-2027/forecast/

cutoff 4 November 2026, 14:14 ET

The forecast for Coherent: the next two quarters line by line, three years of sales and EPS, a low and a high case. Next report: Q1 FY27 on 4 November after the close.

[Quarter forecast →](https://pricedin.markets/cohr/fq1-2027/preview/)

COHR · as of 2026-11-04 14:14:52 ET · 7 AI analysts · 80% ranges, 1 in 10 to 9 in 10

## Sales and earnings outlook

Next quarter · Q1 FY27

Sales $2.36B +49% on Q1 FY26

Adjusted EPS $2.06 +77% on Q1 FY26

#### Investment and cash generation

Base case

Capital spending **$650M**

Free cash flow **−$530M**

Free cash flow: operating cash flow less capital spending.

- **Capital spending buys advanced tooling and manufacturing equipment, mainly six-inch indium phosphide laser lines and transceiver assembly, which the company says pays back in about 18 months; little of it lifts this quarter's sales. The middle case has capital spending of $650M against cash from operations of $120M, so free cash flow, defined as cash from operations less capital spending, is −$530M while inventory builds for the ramp. *2 of 7***
  - **Analyst F** June-quarter capital spending was $556 million. I model about $650 million a quarter in fiscal 2027 (about $2.6 billion for the year), which keeps free cash flow negative this year.
  - **Analyst C** Capex was $556M in Q4-FY2026 and the CFO said it will increase sequentially again in Q1, with datacenter investments carrying an 18-month payback.

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- Three years of sales and earnings per share, each with its low and high case, the seven analysts' own numbers and the story
- The forecast after the call, the same day
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