Photonics-based solutions provider Coherent reported its financial results for CYQ2 2016. Coherent received over $240 million in flat-panel display related orders, including a single order for systems in excess of $100 million. Most of these FPD orders are tied to flexible OLED production.

Coherent also said it starts to see orders for other process steps in OLED production, including Short-Pulse Lasers for film cutting and excimer lasers for Laser-Lift-Off.

This was another very good quarter for Coherent's FPD business, even though orders were lower than the orders in Q1 2016. The company reports a massive shift from LCD to OLED production.