"Coherent set the tone last week with fiscal Q3 2026 results reported May 6. Revenue of $1.81 billion beat expectations and climbed 21% year over year, with the Datacenter & Communications segment now representing 75% of total revenue. Coherent CEO Jim Anderson cited "exceptionally strong demand across our datacenter and communications businesses" and pointed to a deepening relationship with NVIDIA, which has put a $2 billion investment behind the partnership. Management guided fiscal Q4 revenue to $1.91 billion to $2.05 billion."
"Applied Optoelectronics followed on May 7 with Q1 2026 revenue of $151.14 million, up 51% year over year. The datacenter segment more than doubled to $81.4 million, and CEO Thompson Lin confirmed the company completed its "first volume shipment of our 800G products to one of our large hyperscale customers". The stock’s move came after Monday’s outsized gains of AAOI +23%, a rebound from the prior Thursday’s sharp sector-wide selloff."
"Lumentum's setup was already strong heading into this week. CEO Michael Hurlston flagged optical circuit switch backlog exceeding $400 million and a multi-hundred-million-dollar co-packaged optics order for delivery in the first half of calendar 2027. LITE shares rose 4% to roughly $1,031 from a prior close of $992.37, extending Monday’s massive rip after LITE +17% gains."
Applied Optoelectronics, Coherent, and Lumentum Holdings gained in early trading after large increases on Monday. Coherent reported fiscal Q3 2026 revenue of $1.81 billion, up 21% year over year, with Datacenter & Communications contributing 75% of total revenue. Management cited strong demand and a deepening NVIDIA relationship supported by a $2 billion investment, and guided fiscal Q4 revenue to $1.91 billion to $2.05 billion. Applied Optoelectronics reported Q1 2026 revenue of $151.14 million, up 51% year over year, with datacenter revenue rising to $81.4 million and completion of first volume shipments of 800G products. Lumentum highlighted an optical circuit switch backlog above $400 million and a co-packaged optics order expected in the first half of calendar 2027.
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