Canada's POET Technologies Q2 revenue rises on new supply agreement

POET Technologies

13/08/2026 12:15

Overview
Canada photonic chip designer's Q2 revenue rose 112% yr/yr, marking sixth straight growth quarter
Net loss for Q2 narrowed compared to both prior quarter and prior year
Company completed $400 mln financing and received $50 mln purchase order from Lumilens

Outlook
Company expects to begin shipping substantial numbers of production units for qualification in H2 2026

Result Drivers
SUPPLY AGREEMENTS - Co said Q2 revenue growth was supported by new supply agreement and commercial partnership with Lumilens
PRODUCTION RAMP - Co said optical engine production ramp remained on schedule for second half of 2026, per CEO Dr. Suresh Venkatesan
SHIFT TO PRODUCT DEVELOPMENT - Increased R&D costs reflect transition from technology development to product development

Company press release: ID:nGNX9ZlTdF

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Loss Per Share
 
$0.07
 
Q2 Net Loss
 
$11.30 mln
 
Q2 Operating Cash Flow
 
-$12.20 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for POET Technologies Inc is $12.75, about 43.7% above its August 12 closing price of $8.87

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)