Lumentum Holdings Inc

LITE: XNAS (USA)

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Coherent and Lumentum: Photonics Are Critical to Enabling Next-Gen AI, but Expectations Are High

Martin Szumski

Oct 21, 2026

We initiate coverage on Coherent and Lumentum, two major suppliers of photonics components. Both firms specialize in indium phosphide lasers and transmission modules that power fiber networks and will compete in near- and co-packed optics, the next generation of artificial intelligence connectivity.

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Lumentum Holdings Inc

Coherent and Lumentum: Photonics Are Critical to Enabling Next-Gen AI, but Expectations Are High

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