Earnings ·
POET Technologies reported second quarter 2026 revenue of $569,925, a 112% year-over-year increase and the sixth…
POETPoet Technologies Inc.
POET Technologies reported second quarter 2026 revenue of $569,925, a 112% year-over-year increase and the sixth consecutive quarter of sequential growth. Net loss narrowed to $11.3 million, or ($0.07) per share, from $12.3 million in the prior quarter. The company ended with $796.3 million in cash following a $400 million registered direct offering completed in May at $21 per unit. Management appointed Dr. Sandeep Kumar as Chief Operating Officer and announced a strategic partnership with Lumilens, including an initial $50 million purchase order for optical interposer-based engines. Subsequent to quarter-end, POET received a new $2.4 million customer purchase order and entered into agreements for external light source development and exclusive component supply. The company expects to begin shipping substantial production units in the remaining quarters of 2026. POET Technologies is a designer and developer of photonic integrated circuits, light sources, and optical modules for AI and data center markets.