PXDAILY PXS
Connectivity, RF & Positioning

Research snapshot · 6/16/26

LITELumentum Holdings Inc

InP substrates | 800G and 1.6T optical interconnect

Open LITE in Robinhood ↗
TRIM
Conviction●●●●●5 of 5
Research target1050Snapshot target
Thesis statusINTACTLast reviewed 6/16/26
Market cap74.42BSnapshot value
The thesis

AI compute growth → 800G/1.6T optical interconnect demand → InP laser bottleneck → LITE dominant EML/laser supplier sold out through 2027; CPO delay extends pluggable runway

Catalysts

1.6T ramp Q3-Q4 2026; CPO mass production slip extends pluggable optics dominance; GB300/Blackwell deployments; hyperscaler LTA renewals; grok asymmetric Q confirmed

What breaks it

CPO deployed broadly before 2028; LITE loses key hyperscaler LTA; Chinese laser module competition floods market

Social sentiment

X: bullish — InP laser supply experts confirm LITE/AXTI/AAOI sold out 27-30% undersupply; structural multi-year constraint

Snapshot · 6/16/26
Smart money

🟡 Mixed · ins-$29.8M · 13F 13+/12- · short↓0.18

Snapshot · 6/16/26