Updated
The most significant concentration Coherent discloses is single supplier, 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.
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Coherent’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
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).
“10-K Item 1A: 'the types of components used in such products can be difficult and unpredictable to manufacture and may only be available from a single supplier, which increases the risk that we may not obtain such components in a timely manner.'”
“10-K Item 1A: 'Although rare earth and other materials are generally available from multiple suppliers, China is the predominant producer of certain of these materials.'”
“10-K Item 1: 'We had two customers who each contributed more than 10% of revenue during fiscal 2025.'”
Coherent's concentration risk spans both the supply and customer sides, with no percentages disclosed but clear size bands attached to each. On the input side, the company notes that certain component types can be difficult to manufacture and may only be available from a single supplier, a high-share dependency exposure that could constrain production if that one source were disrupted. A related but distinct exposure concerns rare earth and other materials, which are generally available from multiple suppliers, though China is the predominant producer of certain of these materials — a medium-share dependency exposure that is more diversified than the single-supplier risk but still geographically concentrated. On the customer side, Coherent had two customers who each contributed more than 10% of revenue during fiscal 2025, a low-share dependency exposure given neither customer's share is disclosed as large. Netting these out, Coherent's more consequential concentration sits upstream in its supply chain — particularly the single-supplier component risk — rather than in customer concentration, which is comparatively modest.
For the engine’s reasoning on COHR’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| 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 | 1 | 3 |
| 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.