• [Soft positive] — Citi PT $420 from $250 (Apr 21) still the dominant analyst signal. No downgrade or adverse news today.
• [Macro] — TXN data center +90% YoY validates AI optical interconnect demand. COHR's datacom optics and SiC are beneficiaries of this spending.
• [Soft] — Earnings May 6 after close — 9 trading days. Begin elevated monitoring next week.

Clean tape. Thesis intact. No new signals.

Hold.

• Coherent Corp. FY Q3 earnings May 6 — FinancialContent
• TXN Q1 data center +90% — StockTitan

• [Hard] — FY2026 Q3 earnings release scheduled for after market close Wednesday, May 6 (10 trading days away).
• [Soft positive] — Citi raised PT to $420 from $250 on April 21 (huge bump).
• [Hard positive] — Recent advances in silicon carbide (SiC) epitaxy technology supporting AI infra positioning.
• [Macro] — All-time high reached April 17 ($345.12). +77.5% YTD.

Clean tape. Citi PT bump is a meaningful sentiment signal. No risk signals to flag.

Hold.

• Coherent Corp. Announces Timing of FY2026 Third Quarter Earnings Release — FinancialContent