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TORONTO, Sept. 04, 2026 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (NASDAQ: POET), the designer and developer of Photonic Integrated Circuits (PICs), light sources and optical modules for the AI and data center markets, today announced that it will exhibit at the 2026 China International Optoelectronic Expo (CIOE), taking place September 9-11, 2026, at the Shenzhen World Exhibition and Convention Center.
POET Technologies has experienced a 37% stock price decline, creating a healthier valuation and setting the stage for renewed upside. Following the pullback, POET now trades at a 15-month forward price-to-sales ratio of 13x, which I believe is justified by its robust revenue growth. The company recently delivered a double-beat earnings report with triple-digit percentage revenue growth, signaling potential sentiment turnaround.
A tiny photonics company just landed a massive purchase order from a hyperscaler supplier, and its balance sheet suddenly gives it years to prove whether that deal is the beginning of something enormous or just another false start.
Lumilens (POET's largest customer) raised $700 million at a $5.51 billion valuation while already supplying optical connectivity products to a major hyperscaler. POET secured an initial $50 million Lumilens order, potentially expanding beyond $500 million in cumulative purchases over five years. POET job openings surged 278% to 28 in July and reached 38 by August, signaling accelerating commercialization preparations.
Optical computing has become one of the most closely watched sub-themes in the AI infrastructure buildout, and few pure-plays sit closer to the bleeding edge than POET Technologies (NASDAQ:POET).
Shares of POET Technologies Inc. (NASDAQ: POET - Get Free Report) traded up 8% during trading on Friday. The stock traded as high as $9.49 and last traded at $9.6230. 4,674,172 shares were traded during mid-day trading, a decline of 80% from the average session volume of 23,376,996 shares. The stock had previously closed at
POET Technologies Inc. (NASDAQ:POET) shares are rising Thursday. The photonic chipmaker beat estimates on both revenue and earnings in its second-quarter report and disclosed new customer orders tied to its optical chip business.
Net loss narrows to ($0.07) per share; quarter-end cash and short-term investments of $796.3 million Net loss narrows to ($0.07) per share; quarter-end cash and short-term investments of $796.3 million