HIGHOutside partySupplier
sole-source or limited-source suppliers
“10-K Item 1: 'in the Lasers segment, we currently purchase several key components and materials...from sole-source or limited-source suppliers.'”
COHR · Concentration risk · 10-K extracted
Coherent (COHR) concentration risks
Updated
The most significant concentration Coherent discloses is sole-source or limited-source suppliers, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Coherent’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
top-2 customers
“10-K Item 1A: '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 2025.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile combines a high-share supplier dependency on the input side and a moderate customer concentration on the revenue side. In the Lasers segment, the company currently purchases several key components and materials from sole-source or limited-source suppliers, a high-share dependency by disclosed size. The inability to qualify alternative sources quickly means that a quality issue, capacity disruption, or geopolitical event affecting any sole-source vendor could interrupt production in that segment with limited near-term workarounds. This type of supply-chain single-point exposure is typical of precision photonics manufacturing, where component specifications are often proprietary or highly specialized. On the customer side, a small number of customers have consistently accounted for a significant portion of revenues, with two customers each contributing more than 10% of total revenues in fiscal 2025. This is a medium-share dependency by disclosed size. The filing does not name those customers, which limits granular assessment, but the pattern of two buyers each exceeding the 10% threshold indicates meaningful revenue concentration at the top of the customer book. A demand shift, design-win loss, or sourcing diversification decision by either of those customers could have a notable effect on results. Together, the profile shows concentration pressure at both ends of the value chain — constrained input sourcing and a moderately concentrated customer base — without a disclosed geographic or product offset. Both exposures are well-disclosed in the most recent 10-K.
For the engine’s reasoning on COHR’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Scientific & Technical Instruments
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BMI | Badger Meter, Inc. | 2 | 0 | 0 | 2 |
| ESE | ESCO Technologies Inc. | 1 | 1 | 2 | 4 |
| COHR● | Coherent Corp. | 1 | 1 | 0 | 2 |
| GRMN | Garmin Ltd. | 1 | 1 | 0 | 2 |
| FTV | Fortive Corporation | 1 | 0 | 0 | 1 |
| CGNX | Cognex Corporation | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.