HIGHOutside partySupplier
sole-source or limited-source suppliers of exotic materials, crystals, optics
“10-K Item 1: 'including exotic materials, crystals, and optics, 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 of exotic materials, crystals, optics, 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.
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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
two customers each over 10% of revenue
“10-K Item 1A: 'with two customers each contributing more than 10% of total revenues in fiscal 2026'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18Coherent's disclosed concentrations are both dependency-type exposures, one on the supply side and one on the demand side. The company sources exotic materials, crystals, and optics from sole-source or limited-source suppliers, a high-share exposure with no disclosed percentage. Because these inputs are specialized, substitutes are hard to qualify quickly, so a supplier disruption would be an idiosyncratic shock that could constrain output and margins independent of end-market demand. On the revenue side, two customers each contributed more than 10% of total revenues in fiscal 2026, a medium-share exposure. Neither customer is named in the filing excerpt, and the disclosure gives a threshold rather than an exact share, so the precise weight of each account cannot be pinned down from these sources. Taken together, the supply-side exposure is the more fragile because it can interrupt production directly, while the customer exposure is the more likely to move results through order timing and pricing leverage. Both are counterparty-specific rather than macro-driven, so diligence should center on supplier qualification progress and the durability of the two large customer relationships.
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.