GF Securities said that Nvidia's horizontal expansion of co-packaged optics is progressing faster than expected. This should benefit supplier Lumentum and maintain Lumentum's “buy” rating. According to Guangfa data, Lumentum's estimated revenue from CPO and near-package optics will achieve a significant year-on-year acceleration between 2027 and 2028. In 2027, Lumentum is expected to generate $427 million in CPO laser revenue and $501 million in NPO laser revenue. By 2028, this forecast will expand to CPO of $750 million and NPO of $2.55 billion.

GF Securities said that Nvidia's horizontal expansion of co-packaged optics is progressing faster than expected. This should benefit supplier Lumentum and maintain Lumentum's “buy” rating. According to Guangfa data, Lumentum's estimated revenue from CPO and near-package optics will achieve a significant year-on-year acceleration between 2027 and 2028. In 2027, Lumentum is expected to generate $427 million in CPO laser revenue and $501 million in NPO laser revenue. By 2028, this forecast will expand to CPO of $750 million and NPO of $2.55 billion.