智通财经APP获悉，周三，美股光通信板块走强，截至发稿，Lumentum(LITE.US)涨超7.9%，康宁 (GLW.US)涨超5%，Coherent(COHR.US)涨超5.4%，Fabrinet(FN.US)涨超5.8%，Ciena(CIEN.US)涨超 6%。 ...

Lumentum Holdings Inc. ( LITE ) is an American leader in the design of advanced optical and photonic products and a premium supplier of high-performance lasers used in AI data center interconnects. As AI clustersHello, my name is Max. When I was young, one of my dreams was to make enough money through interest to live comfortably. At 14, my father introduced me to the concept of inflation, which shattered that dream but sparked a deeper interest in investing. He taught me about the stock market, and I began ...

花旗将康宁、Lumentum 纳入正面催化剂观察名单。 来源：滚动播报 ...

大模型持续更新，红包大战抢用户 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 中信建投证券研究 文|阎贵成 于芳博 刘永旭 曹添雨 AI发展日新月异，大模型持续迭代升级，算力需求非常强劲。如智谱新模型编程能力大幅提升，引发 算力需求激增，Seedance视频能力表现非常亮眼，引发业界大佬关注。我们认为大模型的商业变现路径 畅通，正在从"低价/免费圈地"阶段走向"为高质量付费"阶段，且带动的算力需求非常旺盛。假期期 间，美股AI算力光通信个股总体表现亮眼，如Lumentum、康宁、Coherent均创历史新高（盘中或收 盘），智谱与MINIMAX-WP也大涨。黄仁勋表示将在3月举办的GTC大会发布"世界前所未见"的芯片。 继续看好AI产业链，包括大模型、AI算力链等。 春节假期期间，全球AI大模型迭代更新频繁。 2月18日凌晨，Anthropic推出史上最强Sonnet模型Claude Sonnet 4.6，在编程、计算机使用、长上下文推 理、Agent规划、知识工作和设计工作上全面进化。从基准测试结果来看，Claude Sonnet 4.6的智能水平 已接近Opus级别，在Agen ...

Key Takeaways Lumentum's OCS backlog surpassed $400M, with most shipments set for the second half of 2026.Lumentum's CPO wins, including a multi-million laser order for 2027, expand its AI photonics pipeline.The Zacks Consensus Estimate pegs LITE's Q3 revenues at $805.39M, up 89.41% year over year.Lumentum (LITE) is at an inflection point in two of the most strategically significant optical technologies powering the AI infrastructure buildout. Optical circuit switches (OCS) and co-packaged optics (CPO) are ...

North America Equity Research February 2026 Hardware & Networking Optical Teach-in & Bull Case on Coherent, Lumentum, Fabrinet, Ciena, & Corning Hardware & Networking–Equity Research | Samik Chatterjee AC | Joseph Cardoso | Manmohanpreet Singh | Marc Vitenzon | | --- | --- | --- | --- | | 212-622-0798 | 212-622-9036 | 212-622-4527 | 212-622-3342 | | samik.x.chatterjee@jpmorgan.com | joseph.cardoso@jpmorgan.com | manmohanpreet.singh@jpmchase.com | marc.vitenzon@jpmchase.com | | J.P. Morgan Securities LLC | J ...

☄Lumentum(LITEUS Buy):Scale Up/Out NPO/CPO受益者 维持买入评级，上调目标价至765美元：我们视2027年为Lumentum的关键拐点年，由AI Scale Up架构中NPO/CPO 采用加速推动。 我们预计Scale Up/out NPO/CPO Laser总营收将于2026/2 2026-02-23 11:46 《广发海外电子通信》 ☄Lumentum(LITEUS Buy):Scale Up/Out NPO/CPO受益者 维持买入评级，上调目标价至765美元：我们视2027年为Lumentum的关键拐点年，由AI Scale Up架构中NPO/CPO 采用加速推动。 2026-02-23 11:46 《广发海外电子通信》 考虑到2028年及以后scale up CPO/NPO营收贡献强劲，我们基于CY2027盈利预估35倍市盈率，上调目标价至765美 元。 2027年Scale Out CPO交换机爬坡：英伟达于GTC 2025概述其Scale Out CPO路线图，推出Quantum-X（2H25）及 Spectrum-X（2H26）。 尽管第一代115.2TQ ...

本文来自格隆汇专栏：半导体行业观察 作者：L晨光 如今，当算力堆叠的竞赛迈过万卡级门槛，AI基础设施的角力场正从芯片本身的制程工艺，悄然转向芯片之间的连接效率。大模型参数以指数级膨胀， 传统可插拔光模块在带宽密度与功耗墙面前步步维艰，铜缆则在224Gbps的速率下将传输距离压缩至两米以内，一场围绕"管道"的极限突围战已然打响。 在此背景下，共封装光学（CPO）不再仅是实验室的前沿命题，而是迅速跃升为产业聚焦的核心议题。 重新定义芯片间的"高速通道" CPO全称为Co-Packaged Optics，即共封装光学或光电合封，是一种创新的光互连架构，将高速光引擎/光模块与交换芯片（Switch ASIC）或大规模AI计算 芯片通过2.5D/3D先进封装技术集成在在同一封装基板或同一机箱内，其核心逻辑是实现"电短光长"的高效互连——将高速电信号传输限制在毫米级的近 距离范围内，中远距离传输则交由光纤完成，旨在从根源上解决传统可插拔光模块存在的功耗高、信号损耗大、带宽受限等痛点。 图源：飞奔的丸子 依托硅光子这一底层核心技术，CPO可有效集成调制器、探测器等关键器件，在性能上展现出碾压式优势。相较于传统方案，其功耗可 ...

Core Viewpoint - Lumentum Holdings is positioned as a key beneficiary in the AI boom, particularly in the optics sector, with significant revenue growth driven by cloud and AI demand [1]. Company Performance - Lumentum reported Q2 revenue of $665.5 million, reflecting a 65.5% year-over-year increase, with over 60% of revenue derived from cloud and AI segments [1]. - The company projects Q3 revenue guidance between $780 million and $830 million, indicating over 85% year-over-year growth [1]. - GAAP net income for Q2 was $78.2 million, or $0.89 per diluted share [1]. Industry Trends - A report from JPMorgan Chase indicates a multi-year upcycle in the optics sector, with hyperscaler spending expected to reach approximately $533 billion by 2026 [1]. - The 800G and higher-speed datacom market is anticipated to grow at over 40% annually through 2030, potentially reaching $44 billion [1]. - Supply shortages in key materials like indium phosphide lasers are expected to persist into 2027, allowing suppliers to increase prices by 10% or more starting in early 2026 [1]. Technological Advancements - Emerging technologies such as co-packaged optics and optical circuit switching are set to drive growth in the optics market, with co-packaged optics expected to add $10 billion in market value by 2030 [1]. - Lumentum's expertise in high-speed optical components positions it well to capitalize on these advancements [1]. Strategic Positioning - Lumentum's vertical integration, enhanced by its acquisition of CloudLight, allows for improved margins and supply control [1]. - The company aims for $100 million in quarterly optical circuit switch revenue by December [1]. - Partnerships with hyperscalers position Lumentum for sustained demand, with analysts raising price targets to $350 based on growth opportunities [1].

Key Takeaways LITE sees CPO move from prospect to contracted backlog, extending multi-year AI upgrade visibility. LITE outlined ultra-high-power chip inflection in 2H26 and first CPO scale-up by late 2027.LITE guides Q3 FY26 revenues up to $830M, with midpoint marking a record quarterly high. Co-packaged optics (CPO) is shifting from concept to contracted demand, giving Lumentum Holdings (LITE) a clearer multi-year runway as AI networks upgrade. AI-driven optics upgrades are accelerating, and Lumentum is no ...