customerScore 75/100Research
Coherent: NVIDIA-partnered ultra-high-power CW lasers for CPO ramping now; revenue begins fiscal Q2
“Our Texas facility has also begun ramping our ultra high power CW laser for CPO solutions, including those covered by our NVIDIA partnership with revenue expected to begin ramping in fiscal Q2... we've seen absolutely no push out of CPO demand. In fact, it's been the opposite... demand getting pulled in.”
Why it matters
First concrete timeline for CPO laser revenue from an NVIDIA-partnered supplier, directly countering recent market concerns about CPO delays. Production wafers have already started, and the customer is asking for faster shipments.
Investment implication
Bullish for Coherent's CPO/integrated optics content ($15B+ incremental TAM per management) and evidence NVIDIA's CPO roadmap is on track. Negative read-through for pluggable-transceiver-only competitors if copper-to-optical scale-up conversion accelerates.