The same week Lumentum's CEO told Bloomberg the company is effectively sold out to nearly 2029, Convequity laid out why it stayed out of the stock: its external lasers and MEMS optical switches win only in the co-packaged-optics and switching designs that keep them, while light sources moved onto the package, micro-LED short links and LiDAR-derived silicon photonics would take share. It is the most specific counter-case to the optical-shortage trade, and it names what to watch: which CPO architectures the hyperscalers actually order.
We exited $LITE at the start of 3Q26 and stayed out at the 4Q26 rebalance. Lumentum's exposure to AI optics is real, but it depends on design choices that are still open. 1. Lumentum is one of the suppliers of high-power lasers for external laser sources, where the laser sits in
The same week Lumentum's CEO told Bloomberg the company is effectively sold out to nearly 2029, Convequity laid out why it stayed out of the stock: its external lasers and MEMS optical switches win only in the co-packaged-optics and switching designs that keep them, while light sources moved onto the package, micro-LED short links and LiDAR-derived silicon photonics would take share. It is the most specific counter-case to the optical-shortage trade, and it names what to watch: which CPO architectures the hyperscalers actually order.
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