Financial Data and Key Metrics Changes - The company ended the first quarter with a cash balance of $5.8 million, down from $6.4 million at the fiscal year-end [3] - Accounts receivable totaled $4.4 million, slightly down from $4.6 million [3] - Inventory increased to $15 million from $14.3 million, reflecting ramped-up production for the XM30 program [3] - Operating cash uses during the quarter were $0.1 million compared to an operating cash generation of $2.8 million in the prior year [5] - Revenue for the first quarter increased 11.6% year-over-year to $9.1 million [6] - Net income totaled $0.2 million, with adjusted EBITDA at $0.7 million [9] Business Line Data and Key Metrics Changes - Optex-Richardson revenue rose 55.9%, driven by higher periscope production and increased XM30 activity [6] - Applied Optics Center (AOC) revenue declined 20.1%, primarily due to lower laser filter and optical assembly volumes [6] - New orders for the quarter totaled $7.9 million, a 31.7% increase year-over-year, with Optex-Richardson orders rising 46.2% [9] Market Data and Key Metrics Changes - Backlog totaled $37.9 million, down from $42 million last year, primarily due to program delays from the 2025 government shutdown [9] - AOC revenues are expected to improve in the second half of fiscal year 2026, supported by recent bookings and anticipated contract awards [7] Company Strategy and Development Direction - The company is focused on expanding capacity, developing new capabilities, and enhancing research and rapid prototyping [5][6] - Investments in capital improvements are expected to total approximately $2.4 million during fiscal year 2026 [5] - The company aims to broaden its addressable market and create additional revenue streams through new product lines [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver sustainable growth and improving profitability [14] - The current backlog reflects stronger pricing and higher value programs, providing visibility into continued growth [13] - The company anticipates EBITDA improvement as margins recover and revenues increase [9] Other Important Information - The board approved a new stock repurchase program authorizing up to $10 million in common stock purchases [10] - The company has invested in additional machining and assembly equipment to support the XM30 vehicle program [12] Q&A Session Summary - No questions were received during the Q&A session, indicating a lack of immediate inquiries from participants [15]

瑞财经 吴文婷2月10日，据水木创投发布，水木创投携手顺禧基金、普华资本、鹏晨资本、中科创星、 励石创投，共同完成对北京灵熹光子科技有限公司（以下简称"灵熹光子"）的数千万元天使轮投资，支 持其在共封装光学（CPO）/光输入输出（OIO）光引擎领域的前沿技术研发与团队建设。 灵熹光子成立于2025年9月，核心团队脱胎于中国科学院西安光学精密机械研究所，创始人王斌浩博士 曾任职于美国惠普实验室，兼具深厚的学术积淀与产业前瞻视野。 公司聚焦于基于微环调制器的硅光引擎技术，通过自主协同开发硅光芯片与模拟电芯片，并结合先进封 装工艺，打造高性能、低功耗的光互连解决方案。 本轮融资后，灵熹光子将聚焦于3.2T/6.4T光引擎原型开发与核心团队扩充，并沿多通道并行与波分复用 两条路线推进产品化，预计在2026–2027年完成原型验证与客户导入。 ...

财报显示，2026财年Q2营收6.655亿美元，同比暴增65%。AI业务成增长引擎，光断路开关(OCS)订单积压超4亿美元，共封装光学(CPO)新获数亿美 元订单。Q3指引更强劲：营收预计7.8-8.3亿美元，同比增长超85%。公司CEO强调，随着AI数据中心对带宽和能效要求的爆发式增长，Lumentum正 迎来其历史上最强劲的增长周期。 得益于光电路交换机（OCS）和共封装光学（CPO）的强劲需求，光模块巨头Lumentum不仅交出了一份营收利润双超预期的成绩单， 更给出了高达 85%同比增长的下季度指引 ，向市场证明其在AI算力基础设施中的关键地位。 2月3日，全球光学和光子技术龙头企业Lumentum Holdings公布了2026财年第二季度财务业绩。财报显示，截至2025年12月27日的季度内， 公司净营 收达到6.655亿美元，同比暴增65.5% ，触及指引区间高端；Non-GAAP营业利润率达到25.2%，同比扩张超过1700个基点，盈利能力大幅改善远超此 前预期。 CEO Michael Hurlston对业绩表现给予高度评价：" Lumentum实现了出色的第二季度表现，营收同比增长超65% ...

得益于光电路交换机（OCS）和共封装光学（CPO）的强劲需求，光模块巨头Lumentum不仅交出了一份营收利润双超预期的成绩单，更给出了高达 85%同比增长的下季度指引，向市场证明其在AI算力基础设施中的关键地位。 2月3日，全球光学和光子技术龙头企业Lumentum Holdings公布了2026财年第二季度财务业绩。财报显示，截至2025年12月27日的季度内，公司净营收 达到6.655亿美元，同比暴增65.5%，触及指引区间高端；Non-GAAP营业利润率达到25.2%，同比扩张超过1700个基点，盈利能力大幅改善远超此前预 期。 CEO Michael Hurlston对业绩表现给予高度评价："Lumentum实现了出色的第二季度表现，营收同比增长超65%，Non-GAAP营业利润率扩张超1700个 基点。营收触及指引高端，而盈利能力和每股收益的扩张远超此前预期，充分展现了我们业务模型的杠杆效应。" 更值得关注的是公司在AI基础设施领域的强劲势头。其中OCS业务正在快速扩张以满足超常规的客户需求，订单积压已超过4亿美元；而在CPO领域， 公司新获得一笔数亿美元的增量订单，将在2027年上半年交付。Hu ...

Financial Data and Key Metrics Changes - Lumentum reported a record quarterly revenue of $665.5 million, representing over 65% year-over-year growth and a non-GAAP operating margin increase of more than 1,700 basis points [6][20] - Non-GAAP gross margin for Q2 was 42.5%, up 310 basis points sequentially and 1,020 basis points year-on-year, driven by better manufacturing utilization and increased pricing [21] - Non-GAAP operating margin reached 25.2%, up 650 basis points sequentially and 1,730 basis points year-on-year, primarily due to revenue growth in components products [22] Business Line Data and Key Metrics Changes - Components revenue was $443.7 million, a 17% sequential increase and 68% year-over-year growth, driven by demand for laser chips and assemblies [24][14] - Systems revenue reached $221.8 million, reflecting a 43% sequential increase and 60% year-over-year growth, with cloud transceivers being the main contributor [24][17] Market Data and Key Metrics Changes - The order backlog for optical circuit switches (OCS) surged past $400 million, with most shipments expected in the second half of the calendar year [9] - Demand for cloud transceivers has significantly increased, with revenue growing and expectations for continued growth in Q3 [10][19] Company Strategy and Development Direction - Lumentum aims to capitalize on three primary growth drivers: cloud transceivers, optical circuit switches (OCS), and co-packaged optics (CPO), with a focus on scaling production and improving profitability [8][12] - The company is exploring opportunities in the broader external light source (ELS) market to diversify its customer base and increase its serviceable market [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in surpassing the previously projected $750 million in quarterly revenue, with guidance for Q3 indicating a midpoint of $805 million, representing an 85%+ year-over-year increase [7] - The company acknowledged ongoing cyclical softness in the industrial market but highlighted strong demand in cloud-related businesses [18] Other Important Information - Lumentum's cash and short-term investments increased by $33 million to $1.16 billion, while inventory levels rose by $39 million to support expected growth [24] - The company is actively negotiating with leading customers to offset capital requirements in exchange for long-term supply assurances [12] Q&A Session Summary Question: Can you provide more details on the OCS market and the impact of price increases? - Management noted that the OCS market is developing better than expected, with a backlog exceeding $400 million and significant customer demand [30] - Price increases are positively impacting both top line and gross margin, with modest overall revenue impact expected [31] Question: What is the status of indium phosphide capacity ramp and potential new fabs? - Management confirmed that capacity increases are ahead of schedule, with expectations for better than 40% capacity growth [38] - Discussions about new fabs are ongoing, with a focus on increasing overall capacity [43] Question: How is the transition to 1.6T transceivers progressing? - The transition is primarily driven by EMLs, with expectations for significant growth in both EML and silicon photonics [51] - Management remains committed to vertically integrating CW lasers for transceivers, with timelines slightly pushed out [55] Question: What is the outlook for CPO and its competitive landscape? - Management expressed confidence in their position in the CPO market, highlighting reliability and customer engagement as key advantages [56] - The company anticipates significant growth in CPO, with a multi-hundred million dollar order expected to ramp in early 2027 [65] Question: How has the supply-demand imbalance affected long-term agreements with customers? - The supply-demand imbalance remains significant, with long-term agreements in place that provide pricing flexibility and stability [78] - Customers are increasingly seeking additional capacity beyond what is covered in LTAs, allowing for incremental pricing discussions [80]

证券日报网2月1日讯，中际旭创（300308）在接受调研者提问时表示，公司从2024年开始就已建立硅光 出货能力，2025年800G和1.6T硅光产品的持续上量，进一步验证了公司的硅光能力，获得了客户的信 任，预计800G和1.6T中硅光的占比都将持续提升。硅光在柜内也有较好的应用前景，公司将进一步发 挥硅光技术优势，首选硅光技术来进行产品开发。 ...

Core Insights - Lumentum Holdings Inc. will participate in SPIE Photonics West 2026, showcasing advanced laser solutions for manufacturing and sensing applications [1][2] - The company aims to address the increasing demands for precision, throughput, and reliability in advanced manufacturing [2] Company Overview - Lumentum is a leading designer and manufacturer of optical and photonic products, enabling optical networking and laser applications globally [3] - The company is headquartered in San Jose, California, with R&D, manufacturing, and sales offices worldwide [3] Product Highlights - The PicoBlade Core is Lumentum's latest ultrafast laser platform, delivering up to 150 watts of average power with sub-12 picosecond pulses, designed for high-throughput micromachining [4] - The NQ-Series, a new addition to the nanosecond-pulsed laser portfolio, provides up to 500 µJ pulse energy of UV light at rates up to 60 kHz, targeting next-generation processing challenges [4] - Lumentum's 3D Sensing VCSELs support a wide range of industrial and consumer applications, ensuring consistent performance and high reliability for depth sensing and object detection [4]

Core Viewpoint - Syntec Optics Holdings, Inc. is actively participating in the Optica Industry Summit to discuss advancements in optical technologies and the integration of macro and nano-scale manufacturing processes [1][2][4]. Company Overview - Syntec Optics is a leading provider of technology products across various sectors including defense, biomedical, communications, and consumer markets, headquartered in Rochester, NY [7]. - The company has over two decades of experience and operates a state-of-the-art facility with extensive capabilities in optics manufacturing [7]. - Recent product lines include optics for Low Earth Orbit (LEO) satellites, lightweight night vision goggles, biomedical optics, and data center optics for AI applications [7]. Industry Context - The upcoming Optica Industry Summit, co-hosted by Optica and Corning Inc., will take place on March 24-25, 2026, focusing on macro-scale optical products and the emergence of nano-scale solutions [2][3]. - The summit aims to address challenges in bridging macro-scale production with nano-scale precision, exploring established manufacturing methods and their adaptation for next-generation optical systems [4][5]. - Key topics will include the adoption barriers for novel optical technologies such as diffractive optical elements (DOEs), metamaterials, and micro-structured surfaces [5]. Leadership Engagement - The Chairman and CEO of Syntec Optics will present during the summit's session on "Manufacturing Across Scales," highlighting the company's role in shaping the future of optics [3]. - Previous engagements include a keynote address in 2024 on the future of optics and photonics, discussing the role of optics in next-generation technologies like Quantum Computing and AI [6].

Core Insights - Lumentum Holdings Inc. (NASDAQ:LITE) experienced a significant rebound, rising by 11.31% to close at $397.42 as investors prepared for its upcoming earnings report for Q2 FY2026 [1]. Financial Performance - Lumentum is expected to report revenues between $630 million and $670 million for the period from October to December, with non-GAAP diluted earnings per share projected at $1.30 to $1.50 and a non-GAAP operating margin of 20% to 22% [3]. - In the first quarter of the year, Lumentum reported a net income of $4.2 million, a turnaround from a net loss of $82.4 million in the same period last year. Revenues increased by 58% to $533.8 million, up from $336.9 million year-on-year, reaching the high end of its previous guidance [4]. Company Overview - Lumentum is recognized as a leading designer and manufacturer of innovative optical and photonic products that facilitate optical networking and laser applications globally. Its components and subsystems are integral to nearly all types of telecom, enterprise, and data center networks [5].

Core Insights - Syntec Optics Holdings, Inc. has received a significant ballistic optics order aimed at enhancing U.S. soldiers' perception and decision-making capabilities [1][2] - The company is integrating its high-performing ballistic optics with advanced AI, software, and display technologies for military applications [2][3] Company Overview - Syntec Optics is a leading provider of optics and photonics products, operating for over 25 years and headquartered in Rochester, NY [5] - The company specializes in various optics manufacturing processes and has expanded its product lines to include Low Earth Orbit satellite optics, lightweight night vision goggle optics, and biomedical optics [5] Market Potential - The AR and VR market in defense is valued at USD 1.68 billion in 2025 and is projected to grow to USD 4.34 billion by 2030, representing a compound annual growth rate (CAGR) of 20.9% [4]