COHERENT CORP.
For the period ended Jun 30, 2025. Filed Aug 15, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Aug 15, 2025
COHR$225.19+16.8%Stored close · as of Nov 9, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-K
Period ended 2024-06-30; filed 2024-08-16.
0000820318-24-000016
Item 1A. Risk Factor SummaryCurrent report: 10-K
Period ended 2025-06-30; filed 2025-08-15.
0000820318-25-000014
Item 1A. Risk Factor SummaryThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 57 previous paragraphs and 38 current paragraphs.
20 unchanged; 6 reworded; 12 added; 27 removed; 4 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (12)
Current report
•Products that fail to meet specifications, are defective, or are otherwise incompatible with end uses could impose significant costs on us.
Current report
•Significant political, trade, regulatory developments, and other circumstances beyond our control, including as a result of recently announced tariffs, could have a material adverse effect on our financial condition or results of operations.
Current report
•Our business is subject to various governmental regulations. Compliance with these regulations may cause us to incur significant expense and failure to maintain compliance with applicable regulations could adversely affect our business.
Current report
•We may be adversely impacted by any of the multiple uncertainties and outcomes associated with the use and evolution of Artificial Intelligence (“AI”).
Current report
Risks Related to Intellectual Property and Litigation
Current report
•Legal, regulatory and administrative investigations, inquiries, proceedings, and claims could have a material adverse effect on our business, results of operations, or financial condition.
Current report
•Government actions and regulations, such as export restrictions, tariffs, and trade protection measures, may limit our ability to sell our products to certain customers or markets, or could otherwise restrict our ability to conduct operations.
Current report
•We are subject to a variety of complex and evolving laws, regulations, or industry standards, including with respect to environmental, health, safety, and product considerations, which may have a material adverse effect on our business, results of operations, or financial condition.
Current report
•Our operations are subject to environmental, health and safety risks and requirements which could adversely affect our business, results of operations and reputation.
Current report
•Tax-related matters could have a material adverse effect on our business, results of operations, or financial condition.
Current report
Risks Related to Capitalization and Financial Markets
Current report
•The trading price of our common stock has been, and may continue to be, volatile.
Removed paragraphs (27)
Previous report
Risks Relating to Our Business and Our Industry
Previous report
•Investments in future markets of potential significant growth may not result in the expected return.
Previous report
•Our products may contain defects that are not detected until deployed, which could increase our costs, reduce our revenues, cause us to lose key customers, or expose us to litigation related to our products.
Previous report
•Although we expect that our acquisitions will result in cost savings, synergies, and other benefits, we may not realize those benefits, or be able to retain those benefits even if realized.
Previous report
•Our future success depends on continued international sales, and our global operations are complex and present multiple challenges to manage.
Previous report
•The long sales cycles for many of our products may cause us to incur significant expenses.
Previous report
•We have entered into supply agreements that commit us to supply products on specified terms.
Previous report
•We participate in the semiconductor capital equipment market, which requires significant research and development expenses to develop and maintain products, and a failure to achieve market acceptance for our products could have a significant negative impact on our business and results of operations.
Previous report
•There are risks associated with our participation in the display capital equipment market, including there being a relatively limited number of end customer manufacturers.
Previous report
•Changes in trade policies, such as increased import duties, could increase the costs of goods imported into the United States or China.
Previous report
•A widespread health crisis could materially and adversely affect our business, financial condition, and results of operations.
Previous report
•Inflation and increased borrowing costs could impact our cash flows and profitability.
Previous report
•Our current credit agreement and any other credit or similar agreements into which we may enter in the future may restrict our operations, particularly our ability to respond to changes or to take certain actions regarding our business.
Previous report
•Data breaches and other events and incidents that impact the confidentiality, availability, and integration of information and assets could disrupt our operations, subject us to legal claims, and impact our financial results.
Previous report
•We use and generate potentially hazardous substances that are subject to stringent environmental and safety regulations.
Previous report
•Unfavorable changes in tax rates, tax liabilities, or tax accounting rules could negatively affect future results.
Previous report
•Delays in transportation of products and possible shortages of critical raw materials, parts, equipment and other resources may adversely affect our results of operations.
Previous report
•The adoption of new climate change regulations may result in increased financial costs and/or losses.
Previous report
•We are subject to a number of risks associated with the equity investments contemplated by the respective investment agreements entered into with Denso Corporation and Mitsubishi Electric Corporation and certain related supply arrangements, and these risks could adversely impact our operations, financial condition and business.
Previous report
•Our operations may be adversely affected if we are unable to manufacture certain products in our manufacturing facilities.
Previous report
•Failure to accurately forecast our customer demands and our resulting revenues could result in additional charges for obsolete or excess inventories or noncancellable purchase commitments.
Previous report
•Our markets are unpredictable and characterized by rapid technological changes and evolving standards demanding a significant investment in research and development, and, if we fail to address changing market conditions, our business and operating results will be harmed.
Previous report
•The trading prices for our common stock have been volatile in the past and may be volatile in the future.
Previous report
•We do not currently intend to pay dividends on our common stock; holders will benefit from an investment in our common stock only if it appreciates in value.
Previous report
•Reports published by securities or industry analysts, freelance bloggers and credit rating agencies, including projections in those reports that exceed our actual results, could adversely affect our share price and trading volume.
Previous report
•We depend on our subsidiaries for cash to fund our operations and expenses, including future dividend payments with respect to our outstanding preferred stock.
Reworded paragraphs (6)
Previous wording
•Our competitive position depends on our ability to develop new products and processes.
Current wording
•Our competitive position depends on our ability to develop new products and processes and may require significant investment.
Previous wording
•We may fail to accurately estimate the size and growth rate of our markets and our customers’ demands.
Current wording
•A significant portion of our business is subject to cyclical market factors and we may fail to accurately estimate the size and growth rate of our markets and our customers’ demands.
Previous wording
•We contract with a number of large end-user service providers and product companies that have considerable bargaining power, which may require us to agree to terms and conditions that could have an adverse effect on our business or ability to recognize revenues.
Current wording
•We contract with a number of large end-user service providers and product companies that have considerable bargaining power, which may require us to agree to terms and conditions that could have an adverse effect on our business or ability to recognize revenues. Any loss, cancellation, reduction, or delay in purchases by these large customers could harm the longevity of our business.
Previous wording
•Global economic downturns may adversely affect our business, operating results, and financial condition.
Current wording
•Global economic downturns may adversely affect our business, results of operations, and financial condition.
Previous wording
•We may be unable to successfully implement our acquisitions strategy or integrate acquired companies and personnel with existing operations.
Current wording
•We may be unable to successfully implement our acquisitions strategy, integrate acquired companies and personnel with existing operations, or capitalize on any decision to strategically divest one or more current businesses.
Previous wording
•We may face particular data privacy and security and data protection risks due to laws and regulations regulating the protection or security of personal and other sensitive data.
Rearranged previous paragraphs (4)
Previous report — wording carried elsewhere
•Our competitive position may require significant investments.
Previous report — wording carried elsewhere
•A significant portion of our business may be subject to cyclical market factors.
Previous report — wording carried elsewhere
•Our global operations are subject to complex and rapidly changing legal and regulatory requirements.
Previous report — wording carried elsewhere
•Some of our business units depend from time to time on large purchases from a few large customers, and any loss, cancellation, reduction, or delay in purchases by these large customers could harm the longevity of the business.