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].

Core Insights - AI-driven network upgrades are accelerating the optics roadmap for Lumentum (LITE), with a shift from 800G to 1.6T occurring sooner than expected, leading to improved unit economics and profitability [1][2] - Demand for cloud transceivers is tracking ahead of plan, contributing to a favorable profitability profile supported by tight supply in critical laser components [1][4] Demand and Revenue Growth - The transition to 1.6T is expected to drive the next wave of demand in AI optics, with Lumentum reporting that demand in Q2 of fiscal 2026 was "substantially higher" than anticipated [2][9] - Lumentum anticipates "revenue layering" typical of larger transceiver makers to begin in Q3 of fiscal 2026, indicating broadening shipments and customer ramps as 1.6T production deepens [3] Profitability and Margins - Module-level margins for 1.6T are significantly better than those for 800G, making the speed transition a margin story as well as a volume story [3] - Lumentum's guidance for Q3 fiscal 2026 suggests revenues between $780 million and $830 million, with an operating margin targeted at 30-31% [5] Supply Chain Dynamics - A key factor in Lumentum's improved profit profile is the structural tightness in indium phosphide electro-absorption modulated lasers (EMLs), with the company under shipping demand by approximately 25% to 30% [6] - Long-term agreements stabilize pricing and prioritize allocation, while incremental volumes above contracted levels are negotiated at a premium [6] Product Mix and Future Outlook - The product mix is shifting towards 200G lane EMLs, which are expected to constitute about 25% of the mix by year-end 2026, carrying about double the average selling price of 100G lanes [7][9] - Tight supply, long-term allocation, and a higher-speed mix shift are expected to support gross margin expansion through 2026 and 2027 [8]

据爆料，蔡司Otus ML 35mm F1.4预计将于2026年春季开始出货。其海外售价定为2299美元（约合人民 币16,700元），在欧洲地区（含19%增值税）售价为2399欧元。 该镜头将提供三种卡口版本，分别是索尼E卡口、佳能RF卡口以及尼康Z卡口。 【ZOL中关村在线原创新闻】Nikon Rumors发布了蔡司Otus ML 35mm F1.4的价格以及发售信息。 据透露，蔡司Otus ML 35mm F1.4采用了复消色差（APO）设计，可以最大限度地减少畸变和色差，即 使是光圈全开的情况下也有着出色的光学性能。 (11361161) ...

Precision Optics (NasdaqCM:POCI) Q2 2026 Earnings call February 17, 2026 05:00 PM ET Company ParticipantsJoe Forkey - CEORobert Blum - Managing Partner and Managing Investor RelationsWayne Coll - CFOOperatorGood day, and welcome to the Precision Optics Reports second quarter fiscal year 2026 financial results conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, ...

Precision Optics (NasdaqCM:POCI) Q2 2026 Earnings call February 17, 2026 05:00 PM ET Company ParticipantsJoe Forkey - CEORobert Blum - Managing Partner and Managing Investor RelationsWayne Coll - CFOOperatorGood day, and welcome to the Precision Optics Reports second quarter fiscal year 2026 financial results conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0. After today's presentation, th ...

Shares of Optex Systems Holdings, Inc. (OPXS) have declined 2.9% since the company reported results for the quarter ended Dec. 28, 2025, underperforming the S&P 500 index, which fell 1.6% over the same period. Over the past month, however, the stock has edged down 0.9%, outperforming the broader market’s 1.9% decline.For the fiscal first quarter of 2026, Optex Systems reported net income of 3 cents per share compared with 12 cents per share in the prior-year quarter.Revenues rose 11.6% year over year to $9. ...

Core Viewpoint - Precision Optics Corporation is set to announce its second quarter fiscal year 2026 financial results on February 17, 2026, followed by a conference call to discuss these results [1][2]. Company Overview - Precision Optics Corporation, founded in 1982, specializes in advanced optical instruments for the medical and defense/aerospace industries, leveraging proprietary technologies in micro-optics, 3D imaging, and digital imaging [5]. - The company provides comprehensive services from product concept to mass manufacturing, utilizing in-house design, regulatory, and fabrication capabilities [5]. - In the healthcare sector, Precision Optics supports the development of enhanced imaging systems for minimally invasive surgeries and 3D endoscopy systems, catering to the growing demands of the surgical community [5]. - The company also applies its micro-optics expertise to defense/aerospace applications, focusing on high-quality standards and optimization of size, weight, and power [5]. Conference Call Details - The conference call is scheduled for February 17, 2026, at 5:00 p.m. ET, with access available via phone or live webcast [3]. - Call-in numbers include (844) 735-3662 or (412) 317-5705, and the webcast can be accessed at https://app.webinar.net/Zo5aLdzPzmg [3]. - A replay of the call will be available for seven days, with specific numbers and access codes provided for teleconference and webcast replays [4].

Core Viewpoint - The optics industry is experiencing significant growth driven by the increasing demand for high-speed interconnects in data centers, as traditional copper solutions face limitations [1] Industry Summary - The optics sector is poised for expansion due to the limitations of copper in terms of distance, data rate, and thermal constraints, leading to a shift towards optical interconnects [1] - Companies like Lumentum, Coherent, and Finisar have shown strong momentum and are expected to benefit from the upcoming data center expansion [1] - The sector presents opportunities for both primary and secondary investments, with companies that can meet demand likely to have pricing power amid supply constraints [1] Company Performance - Lumentum has seen a momentum increase of 595%, Coherent 249%, and Finisar 129% since a previous podcast discussion on optical stocks [1] - Lumentum's earnings call indicated a 30% inability to meet customer demand, highlighting the growth potential in the optics industry [1] - The cost curve for optical solutions is decreasing, making them more competitive against traditional copper solutions [1]

He also highlighted a recent FCC ruling that expanded the “covered list” beyond expectations. Rubin said the ruling added to the FCC covered list all drones and critical components used in any country outside the U.S., including cameras and sensors. He said the company’s U.S.-made optical assemblies are already compliant and used in drones, while the company is still evaluating the role it may play in drone cameras beyond optics, including potential opportunities for larger drones and the challenges of aggr ...

Financial Data and Key Metrics Changes - Revenue for Q2 fiscal 2026 increased 120% to $16.4 million compared to $7.4 million in the same year-ago quarter [25] - Gross profit increased 212% to $6 million, representing 37% of total revenues, up from 26% in the prior year [25] - Net loss for Q2 fiscal 2026 totaled $9.4 million, compared to $2.6 million in the same year-ago quarter [28] - Adjusted EBITDA for Q2 fiscal 2026 was positive at $0.6 million, compared to a loss of $1.3 million in the prior year [29] - Cash and cash equivalents as of December 31, 2025, totaled $73.6 million, up from $4.9 million as of June 30, 2025 [30] Business Line Data and Key Metrics Changes - Sales of infrared components were $5 million (31% of revenue), visible components were $3.4 million (21%), assemblies and modules were $7.2 million (44%), and engineering services were $0.7 million (4%) [25] - G5 Infrared contributed significantly to revenue growth, with over $80 million in new orders since acquisition, compared to $15 million in the prior year [5] Market Data and Key Metrics Changes - Increased NATO spending in defense in Europe contributed to higher sales, particularly in camera products [37] - The company is positioned to benefit from the U.S. government's National Defense Authorization Act (NDAA) mandating the elimination of reliance on foreign optical components [4][19] Company Strategy and Development Direction - The company has transitioned to a vertically integrated provider of high-value infrared optics and camera systems, focusing on higher revenue and gross margins [3] - The acquisition of Amorphous Materials is expected to enhance production capabilities and capacity, allowing for larger diameter optics [6][14] - The company aims to capture significant market share within a three to four-year window, leveraging its unique technology and supply chain advantages [16][49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to meet NDAA compliance and capitalize on defense spending opportunities [19][20] - The company is focused on executing its growth plan, converting backlog to revenue, and expanding margins [34][75] - Management acknowledged the competitive landscape and the need for continuous innovation to maintain market leadership [49][50] Other Important Information - The company completed a secondary capital raise of $60 million to fund growth initiatives [15] - Backlog totaled $97.8 million, indicating strong future revenue potential [30] Q&A Session Summary Question: Sales to Europe significantly increased this quarter; is it due to NATO spending? - Management confirmed that increased NATO spending in defense in Europe contributed to higher sales, but clarified that these are not yet camera systems [37][38] Question: Are there plans for building lenses for optical intersatellite links? - Management confirmed that they already have a strong business in free space optical communication between satellites and are in discussions to increase capacity [41] Question: Can you elaborate on the three-year window for capturing market share? - Management explained that while current differentiators may not last forever, they have a three-year window to capture significant market share due to competitors struggling with germanium supply [49][50] Question: What are the main constraints in terms of resources? - Management identified capacity and product development as key constraints, particularly in glass production and assembly [52] Question: What is the timeline for converting cameras to Black Diamond? - Management aims to complete the conversion of all relevant cameras to Black Diamond by autumn of this year [55]