$LITE · Jose Najarro Stocks · 2026-11-01

We have companies like Airtest Technology, AMD, SuperMicro, iRent and Lumintum announcing their earnings . Each of these companies represents a different aspect of the artificial intelligence industry and the semiconductor supply chain.

We have "iRent " and "Lumentum", don't we? A cloud computing player and an optics player will announce their earnings on Thursday, November 5th.

Okay, next we have Lumintum, right? They will announce their results on November 5th. The company also provided guidance of approximately $1.25 billion. Market estimates are roughly in line with that, aren't they?

The adjusted earnings per share are approximately $4.20. Both the company and the industry are at roughly those levels . For the second quarter, the market expects revenues of approximately $1.47 billion and earnings per share of around $5. So this will be very exciting for them.

We want to ensure that the optics market remains a key topic of shortage discussions. We are seeing pricing strength there, with the supply-constrained market continuing to be extremely tight.

So there's a need to make additional gains, isn't there? I feel that if we are satisfied with what the market expects, the stock may be subject to decline.

Fortunately, the stock has recently experienced some kind of decline . However, over the past three months, the stock is still up 21%. Congratulations to the shareholders. Yes, since before the earnings announcement, the stock rose by about 2.5%, and that was in the period from October 11 to October 30.

The market reacted to the latest earnings announcement with a rise of approximately 13.6%.

Now, Lumintom had some recent news. Their presentation in October with Sterel Labs and Corning contributes to the push towards visual connectivity within AI shelves. It was a technical demonstration that we saw at one of the semiconductor events we usually hold.

So I won't tie a production revenue figure to it at the moment, but it illustrates the opportunities available in general.

The other thing we see is that Bloomberg reported that Marvell is in discussions to acquire this company. If this is true, I don't think they can talk about it unless a deal is actually announced.

That will be their only opportunity to talk about it, but I expect some questions to be asked and we'll see how management responds. Will the response be a firm refusal, or will they cut off the conversation completely, or will they leave the matter open ? That would be very interesting.

Now, in the last call they gave us some concrete product milestones. Management expects that the first quarter of revenue from the Optical Circuit Switch (OCS) will exceed $100 million in the first quarter.

It has started shipping transceivers at 1.6 terabits and expects adoption rates to accelerate. The story of the laser also has multiple timelines. The target was for EML units to grow by more than 50% by the December quarter compared to the previous year.

High-power lasers dedicated to extended-range CPO technology have a later timeline, with demand expected to rise in the second half of 2027 , while extended-range CPO lasers have already begun shipping .

So, there is more commentary on how things are progressing within these opportunities.

That's why you're so excited about the optics market, isn't it? They have...a lot of people only think about CPO, but within CPO you have extended range, extended range, and you also have EML with the laser units they have.

All of these solutions have different timescales, so you can get a good step function if they all grow very quickly. Then obviously you have 1.6 terabyte shipments happening and they should start in the fourth quarter, right?

Initial shipments begin in the fourth quarter, and we should see the strongest type of them during this upward trend.

Whether I invest in "Super Micro" or "Lite", it's the same. As long as you expect to deliver those growth stories, and we see those amazing numbers and good feedback, I'm very excited.

Lumens, you have a variety of development jobs, don't you? You have a lot of products in the field of optics with Air test technology, and the added benefits with memory, I am excited about all of that.

I'm really excited about all of this . But obviously, we need more information about the backlog of work, how much has that work grown? What is happening with your production orders? Will you be able to fulfill it?