Optical Components

Datacom revenue passed $5B with 800GbE module growth. Telecom revenue reached a 4-year peak with pluggable coherent modules and components.

In this update to our OCS report we cover more vendors and technologies, investigate additional applications, and update our market forecast.

Analysis and opinion on 3Q25 company results.

Datacom revenues and module shipments roared back from last quarter’s pause and Telecom revenue has recovered. 400ZRx pluggable shipments have slowed, but embedded high speed coherent made up the difference in deployed bandwidth.

Optimism ruled at CIOE this year, with vendors and operators eager to talk about the latest datacom speeds, emerging optical technologies, and the unique ways that China builds and consumes optics.

This report initiates our coverage of Coherent Lite.

Telecom and Datacom growth was slow this quarter, but the new 6” InP fab should drive revenue starting next quarter.

Datacom is booming across the industry, and Lumentum is riding the wave with both optical modules and components.

The 2Q25 Optical Components Report will include a breakout of 1.6TbE optics into SR, DR, FR, and LR for the first time.

AI Deployment Demand from Meta Exceeds Earlier Expectations

Datacom revenues and shipments slowed, 400ZRx shipments kept Telecom revenue growing for a fourth consecutive quarter.

Datacom is driving growth as telecom recovers, and the tariff impact is expected to be minimal.

Telecom components continue to recover, EMLs buoy Datacom revenues, and transceiver sales are poised to take off next quarter as Lumentum approaches its $500 million per quarter goal.

Uncovering who uses which DSP, and which DSP vendors ship the most volume.

Datacom revenue and port shipments stalled this quarter. Telecom revenue recovered from the doldrums based on 400G pluggables.

Final report will be issued once all Chinese companies complete 4Q24 reporting.

The state of the CPO market and outlook for future progress.

Datacom continues to grow, telecom turns the corner, and optical circuit switching finally gets a customer order.

Datacom revenue growth returns with the announcement of new transceiver customers, and telecom has finally turned the corner.

Two years into the AI boom, a look back at the vendors who benefited.