APH slides 12.3% in a month, yet records $9.4B orders and AI demand rises as CCS debt and integration risks mount.
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APH slides 12.3% in a month, yet records $9.4B orders and AI demand rises as CCS debt and integration risks mount.
COHR posts strong Q3 growth driven by booming AI networking demand, though shares slip after the earnings release.
The AI optics trade is taking a breather. Shares of Applied Optoelectronics (NASDAQ:AAOI) are down 14% in midday trading, while Coherent (NYSE:COHR) is off 10% and Lumentum (NASDAQ:LITE) is sliding 7%. The selloff is sector-wide. Ciena (NYSE:CIEN) is lower by 10% and Fabrinet (NYSE:FN) is down 8%, confirming this is correlated basket selling rather than ... Applied Optoelectronics Crashes 14%, Coherent Slides 10%, Lumentum Falls 7% as Optics Trade Cools
Materials and photonics company Coherent (NYSE:COHR) reported Q1 CY2026 results exceeding the market’s revenue expectations, with sales up 20.5% year on year to $1.81 billion. On top of that, next quarter’s revenue guidance ($1.98 billion at the midpoint) was surprisingly good and 3.4% above what analysts were expecting. Its non-GAAP profit of $1.41 per share was 1.1% above analysts’ consensus estimates.
(Bloomberg) -- This earnings season has delivered plenty of good news for the artificial intelligence trade, but instead of bidding up Nvidia Corp. shares, investors have been dumping them.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksTrump Pauses Plan to Guide Ships While Seeking Iran DealWhite House Weighs AI Working Group, Model Testi