Canada's POET Technologies Q2 revenue rises on new supply agreement
POET•Outlook
The company expects to begin shipping substantial numbers of production units for qualification in the second half of 2026.
Key figures
- Q2 loss per share: $0.07
- Q2 net loss: $11.30 million
- Q2 operating cash flow: -$12.20 million
Quarterly results and funding
Canada photonic chip designer's Q2 revenue rose 112% year over year, marking a sixth straight growth quarter.
Net loss for Q2 narrowed compared with both the prior quarter and the prior year.
The company completed a $400 million financing and received a $50 million purchase order from Lumilens.
Revenue and production drivers
Q2 revenue growth was supported by a new supply agreement and commercial partnership with Lumilens.
The company said optical engine production ramp remained on schedule for the second half of 2026, according to CEO Dr. Suresh Venkatesan.
Increased R&D costs reflect the transition from technology development to product development.
