未知机构：Coherent约500-20260213

Summary of Conference Call Notes Industry Overview - The conference call discusses the optical components industry, specifically focusing on InP (Indium Phosphide) production and supply chain dynamics. Key Companies and Their Production Capacities - Coherent: - Production capacity of approximately 50 million units (including 100G/200G) - Expansion of InP production capacity in Texas and Sweden, expected to double within a year - 200G EML (Electro-Absorption Modulated Laser) is in the ramp-up and customer certification phase, prioritizing high-end clients like Google and NVIDIA - Long-term order lock-in accounts for about 50% of total orders, with a delivery cycle of approximately 14 weeks [1][2][3] - Lumentum: - Production capacity of approximately 60 million units (including 100G/200G) - FY26 Q1 EML shipments reached a record high, with all InP wafer production allocated - Plans to expand unit production capacity by about 40% over the next few quarters - 100G EML quarterly shipments increased to 15 million units, with simultaneous growth in 200G EML shipments - Long-term order lock-in also accounts for about 50%, with orders primarily secured by North American cloud providers and leading optical module manufacturers - Delivery cycle ranges from 12 to 24 weeks [1][2][3] - 东山精密 (Tongshan Precision): - Production capacity of approximately 80 million units (including 100G/200G) [1] - 源杰科技 (Yuanjie Technology): - Production capacity of approximately 10 million units (100G) [1] Additional Insights - The industry is experiencing significant demand from high-end clients, indicating a robust market for optical components - The focus on long-term contracts suggests a strategic approach to securing revenue streams amidst fluctuating market conditions - The delivery cycles indicate potential supply chain challenges, which could impact customer satisfaction and future orders if not managed effectively [1][2][3]