Neal-Graves Lisa sold $591K of COHR

Coherent Corp. shares rose 7.3% to $324.59 on October 9, 2026, as optical component manufacturers reported sold-out capacity through early 2029, driving demand and pricing power. Trading volume reached 672,360 shares, with market cap expanding to $63.6 billion. Peers Applied Optoelectronics and Lumentum also surged 7%.

Optical component makers Lumentum (LITE), Applied Optoelectronics (AAOI), and Coherent (COHR) surged 5-7% after Lumentum reported sold-out capacity through early 2029, driven by AI data center demand. The Roundhill Photonics & Optics ETF (LYTE) rose 3%, outperforming the broader market. The rally reverses recent pullbacks in the sector.

Coherent Corp. reported fiscal 2026 revenue of $7.12B, up 22.5% YoY. It signed a multiyear agreement with NVIDIA, including a $2B investment. Datacenter and Communications revenue grew 40% to $5.27B. Shareholders will vote on directors, executive pay, and auditor ratification.

Coherent stock rose 3.5% in pre-market trading after Lumentum's CEO disclosed strong AI data center demand, indicating tight supply for optical components. Coherent's PhotonLink platform and a TrendForce report on VCSEL market growth also supported the rally. The S&P 500 and Nasdaq gained 0.4% and 0.8%, respectively. Coherent's stock reached $328.87 intraday, with a 52-week low of $108.19.

Lumentum (LITE) reported its AI-related components are sold out through early 2029 due to high demand. Shares of Lumentum, Coherent (COHR), and Aehr Test Systems (AAOI) surged on the news, as these companies supply parts for AI data centers.

Deutsche Bank reported Lumentum's advanced 200G lasers are sold out, commanding double the prior generation's price. Lumentum, Coherent, Ciena, and Corning stocks rose. Lumentum closed at $1,045.78, up 7.67%. Coherent, Ciena, and Corning also gained. Lumentum's lasers are a key component in data-center optics, driving demand and prices.