Co-packaged optics (CPO) lasers
Early orders for ELS modules; demand for ultra-high-power CPO lasers is rising.
What it is
Ultra-high-power lasers and ELS (external laser source) modules for co-packaged optics designs, where optics sit next to the switch chip instead of in a pluggable module. The company reports an initial order for ELS modules and says CPO demand is increasing.
Why it matters to the stock. CPO could change how AI data centers are wired and would raise the laser content per port, so volume ramps would matter for the stock.
News
Lumentum fiscal Q3 revenue hits record $808.4M; Q4 guide $960M to $1.01B
Lumentum reported fiscal third-quarter 2026 revenue of $808.4 million, up 90.1% from $425.2 million a year earlier, with non-GAAP EPS of $2.37.
Lumentum shows 1.6T DR4 module prototype and 800 mW laser at OFC 2026
At OFC 2026 Lumentum showed a 1.6T DR4 OSFP transceiver prototype built from four 400G EML lasers, positioned as a step toward a future 3.2T module.
Lumentum fiscal Q2 revenue rises 65% to $665.5M; Q3 guide tops consensus
Lumentum reported fiscal second-quarter 2026 revenue of $665.5 million, up 65.5% from $402.2 million a year earlier, with non-GAAP EPS of $1.67.