POET Technologies (POET) Stock Jumps on $500M Lumilens AI Deal

TLDR

• POET surged over 24% in premarket trading Thursday after announcing a supply deal with Lumilens.
• Lumilens placed an initial $50M purchase order for POET’s Electrical-Optical Interposer (EOI) engines.
• The deal could reach $500M in cumulative purchases over five years.
• POET granted Lumilens a warrant to buy up to 22.92 million common shares at $8.25 per share, exercisable over nine years.
• Engineering samples are expected later in 2026, with production ramp targeting hyperscaler deployments in 2027.

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(SeaPRwire) –   POET Technologies (POET) jumped more than 24% in premarket trading on Thursday following the announcement of a multi-year supply and development agreement with Lumilens Inc.

POET Technologies Inc., POET

The agreement focuses on POET’s Electrical-Optical Interposer (EOI) technology, which employs a wafer-level method to construct optical engines for AI data center networks.

Lumilens initiated the partnership with an initial $50 million purchase order for EOI-based engines. This first order represents just the beginning, as the agreement outlines a structure for total purchases that may exceed $500 million over the next five years.

This collaboration extends beyond commercial terms; it also involves a joint development effort. The two companies intend to co-develop the EOI platform by integrating POET’s wafer-level photonic integration with Lumilens’ optical chipsets and manufacturing expertise.

The objective is to replace conventional active-alignment manufacturing with wafer-scale processing, effectively applying semiconductor-grade precision to the production of optical engines.

Details of the Warrant Agreement

In addition to the supply agreement, POET issued Lumilens a warrant allowing the purchase of up to 22,921,408 common shares at a price of $8.25 per share.

Approximately 2.29 million of these shares can be exercised immediately, while the remaining shares vest incrementally based on the volume of future purchase orders from Lumilens—up to the $500 million threshold.

The warrant remains valid for nine years, providing Lumilens with an extended period to exercise it as their business relationship grows.

Ankur Singla, CEO of Lumilens, highlighted GPU interconnects as the primary bottleneck hindering the expansion of AI infrastructure, stating that this partnership aims to resolve that limitation at the optical layer.

Suresh Venkatesan, Chairman and CEO of POET, described the agreement as validation of POET’s manufacturing methodology—bringing “semiconductor-style discipline” to optical engine production at scale.

Next Steps

The collaborative development roadmap includes multiple generations of products, commencing with 800G and 1.6T pluggable transceivers, progressing to Near-Package Optics and Co-Packaged Optics.

Engineering prototypes from the joint initiative are anticipated in late 2026, with full-scale production—targeting hyperscaler customers—scheduled for 2027.

This timeline depends on successful completion of development and qualification of the modules, along with scaling up manufacturing capacity—standard considerations for any early-stage hardware program.

By Thursday morning, POET was trading approximately 16% higher, having moderated from its premarket surge but still recording a significant intraday gain.