POET Technologies
ConvictionSpeculative
IP-plus-hardware: proprietary Optical Interposer wafer-level integration platform sold as optical engines, light sources and modules to transceiver makers and hyperscale supply chains; revenue today is NRE (non-recurring engineering) + first-article product, targeting a transition to volume optical-engine unit sales.
Revenue
De minimis: Q1 2026 NRE+product revenue $503,389+194% YoY); FY2025 total revenue ~$1.08M — effectively pre-commercialRev growth
+194% YoYin Q1 2026 off a tiny base (from $166,760 in Q1 2025); not yet a production rampGross margin
not meaningfully disclosedrevenue is NRE + first-article product; no stabilized product gross margin yetOp margin
deeply negative — Q1 2026 operating loss ~$17.9M on $0.5M revenueSG&A ~$12.5M, R&D ~$5.8MCapex intensity
elevated and rising as POET scales assembly/test capacitySuper Photonics Xiamen JV, Globetronics/Malaysia) and a light-source business toward volume optical-engine production; exact FY capex not broken out in the data reviewedMarket cap
~$1.51BNasdaq: POET, ~$8.76/sh, Jul 5 2026); single-listed on Nasdaq after the Aug 27 2025 TSXV delistingThe read
Where our coverage leans
Coverage leans bullish
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Full financial intelligence for POET Technologies
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07· sign in (free) for the analyst summary; Pro unlocks full intelligence