Source: @crux_capital_ on X · web

Why it's worth your time

Coherent printed Q4 revenue of $2.05B, up 34% year over year and at the very top of its own guide, per @crux_capital_'s same-day read — and the account graded the print against the pre-earnings checklist it published hours before (6-inch InP ramp, gross-margin path toward 42%, the 1.6T transceiver ramp, the $4B+ OCS opportunity). A public scorecard paired with the print makes the optical thesis's next legs named and checkable — and with LITE's OCS update a day earlier, the lane's big earnings are two for two, with CIEN and NOK called out as read-throughs.