Active Insight

Analysis and opinion on 4Q25 company results.

Introducing the WDM Pluggables category – the inclusion of pluggable coherent optics within the Transport Hardware report.

2025 results are updated and the forecast is now 3x higher for 2026 and greater than 40% higher for 2029.

In this update to our 1Q25 report, we cover the trends favoring pluggable optics as well as the companies positioned to benefit.

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.

The Four Horseman of AI scaling: CPO, OCS, 1.6T, and 800ZR/Coherent Lite

Service providers share a positive outlook on routed optical networking but the role of Cisco optical hardware in long haul networks remains unclear.

The ex-Infinera presence was strong at Nokia’s Wavelengths conference, as the company repositions to take advantage of the AI wave.

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.

Optical and routing sales are lifted by AI and a weakening dollar.

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

Ciena hit record revenue with Cloud customers, while Service Provider sales slowly recovered.

A Focus on Line Systems and Components

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

Nokia closes the Infinera acquisition and sees significant YoY growth in both IP and Optical.