$868.07
1015.8% vs S&P 12m
Business overview
Optical components for datacom transceivers and 3D-sensing lasers; AI optics ramp is the swing factor.
Lower-margin but real exposure to AI optical interconnect demand; capacity additions are the bottleneck on share gains.
Products
- Indium phosphide lasers
- Transmission modules
Customers (2)
- Hyperscalers via OEMs
- Apple (3D sensing)
Competitors (2)
- Coherent
- InnoLight
Composite score
Higher = stronger overall research case
Fundamental67
Technical82
Valuation20
AI relevance65
Risk-adjusted (higher = safer)41
Segment-relative fundamental percentile: 80
Synthetic 1Y price action
Deterministic price series; 50d (yellow) and 200d (orange) MAs shown
3M RS: 28.3%6M RS: 247.2%12M RS: 1015.8%Vol30d: 85%DD52w: -17.6%
Financial summary
Curated, illustrative
Revenue
$2.49B
Growth (YoY)
90.1%
Gross margin
40.8%
Operating margin
21.8%
FCF
$93.35M
Capex
$359.05M
Net cash / (debt)
$-141.40M
ROIC
2.9%
Customer conc.
Medium
Valuation
Market cap
$67.54B
Enterprise value
$67.68B
P/E (TTM)
153.9x
Forward P/E
48.0x
EV / Sales
27.2x
EV / EBITDA
133.0x
P / FCF
723.5x
PEG
0.6x
Rule of 40
—
Risks
Severity 1 (low) to 5 (severe)
- 4FCF negative on capex ramp
Score components
What drove the composite
Growth100
Profitability68
Cash generation35
Balance sheet77
Moat / AI relevance75
Capital intensity (higher = lighter)49
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)95
Momentum (3/6/12m)80
Relative strength100
Realized vol (higher = lower vol)23
Segment peers
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