POET Technologies (POET)


Market Price (8/17/2026): $9.82 | Market Cap: $1.6 BilSector: Information Technology | Industry: Semiconductors

POET Technologies (POET)


Market Price (8/17/2026): $9.82
Market Cap: $1.6 Bil
Sector: Information Technology
Industry: Semiconductors

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -51%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 266%

Megatrend and thematic drivers
Megatrends include Artificial Intelligence. Themes include Data Centers & Infrastructure, and AI Chips.

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -46 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2685%

Expensive valuation multiples
P/SPrice/Sales ratio is 908x

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 666%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2069%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2415%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.4%

High stock price volatility
Vol 12M is 142%

Key risks
POET key risks include [1] failing to achieve widespread commercial adoption and scale to high-volume repeatable revenue, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -51%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 266%
2 Megatrend and thematic drivers
Megatrends include Artificial Intelligence. Themes include Data Centers & Infrastructure, and AI Chips.
3 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 16%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -46 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2685%
5 Expensive valuation multiples
P/SPrice/Sales ratio is 908x
6 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 666%
7 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2069%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -2415%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.4%
9 High stock price volatility
Vol 12M is 142%
10 Key risks
POET key risks include [1] failing to achieve widespread commercial adoption and scale to high-volume repeatable revenue, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/14/2026

POET Technologies (POET) stock has gained about 35% since 4/30/2026 because of the following key factors:

1. Substantial Capital Infusion through Strategic Financing.

POET Technologies completed a significant registered direct offering in May 2026, raising US$400 million. This financing, which included the issuance of 19,047,620 units at US$21 per unit with warrants exercisable at US$26.25, dramatically bolstered the company's cash and short-term investments to US$796.3 million by the end of fiscal Q2 2026. This infusion of capital provides a strong financial foundation for planned capacity expansion and accelerated research and development, addressing concerns about the company's financial staying power.

2. Landmark Partnership and Initial Purchase Order with Lumilens.

In May 2026, POET Technologies announced a pivotal joint development agreement and supply agreement with Lumilens, a developer of high-performance optical interconnects for AI. This partnership included an initial US$50 million purchase order for POET's Electrical-Optical Interposer (EOI)-based optical engines. The agreement has the potential to scale to over US$500 million in cumulative purchases from POET over five years, signifying substantial market validation and a clear pathway to future revenue generation within the rapidly expanding AI infrastructure market.

Show more
Updated on 8/14/2026

POET Technologies (POET) stock has gained about 35% since 4/30/2026 because of the following key factors:

1. Substantial Capital Infusion through Strategic Financing.

POET Technologies completed a significant registered direct offering in May 2026, raising US$400 million. This financing, which included the issuance of 19,047,620 units at US$21 per unit with warrants exercisable at US$26.25, dramatically bolstered the company's cash and short-term investments to US$796.3 million by the end of fiscal Q2 2026. This infusion of capital provides a strong financial foundation for planned capacity expansion and accelerated research and development, addressing concerns about the company's financial staying power.

2. Landmark Partnership and Initial Purchase Order with Lumilens.

In May 2026, POET Technologies announced a pivotal joint development agreement and supply agreement with Lumilens, a developer of high-performance optical interconnects for AI. This partnership included an initial US$50 million purchase order for POET's Electrical-Optical Interposer (EOI)-based optical engines. The agreement has the potential to scale to over US$500 million in cumulative purchases from POET over five years, signifying substantial market validation and a clear pathway to future revenue generation within the rapidly expanding AI infrastructure market.

3. Consistent Revenue Growth and Positive Production Outlook.

POET Technologies reported its sixth consecutive quarter of sequential revenue growth in fiscal Q2 2026, with revenue reaching US$569,925. This figure represents a 112% increase year-over-year and a 13% sequential rise from fiscal Q1 2026, also surpassing analyst estimates of US$0.50 million. The company's CEO confirmed that the optical engine production ramp remains on schedule for the second half of 2026, instilling investor confidence in the successful commercialization and increasing sales volumes of its products.

4. Expanding Strategic Collaborations in AI and Data Centers.

The company has reinforced its strategic position within the AI and hyperscale data center ecosystem through continued and new collaborations. In addition to the Lumilens partnership, POET Technologies highlighted ongoing joint development efforts with LITEON Technology and Lessengers. These collaborations leverage POET's Optical Interposer platform to develop next-generation photonic integration solutions, aligning the company with the high-growth demand for advanced semiconductor solutions in AI systems and hyperscale data centers.

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Stock Movement Drivers

Fundamental Drivers

The 34.6% change in POET stock from 4/30/2026 to 8/16/2026 was primarily driven by a 59.4% change in the company's Total Revenues ($ Mil).
(LTM values as of)43020268162026Change
Stock Price ($)7.129.5834.6%
Change Contribution By: 
Total Revenues ($ Mil)1259.4%
P/S Multiple822.3908.110.4%
Shares Outstanding (Mil)124162-23.5%
Cumulative Contribution34.6%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/16/2026
ReturnCorrelation
POET34.6% 
Market (SPY)8.0%55.4%
Sector (XLK)19.1%63.1%

Fundamental Drivers

The 65.2% change in POET stock from 1/31/2026 to 8/16/2026 was primarily driven by a 124.6% change in the company's Total Revenues ($ Mil).
(LTM values as of)13120268162026Change
Stock Price ($)5.809.5865.2%
Change Contribution By: 
Total Revenues ($ Mil)12124.6%
P/S Multiple683.1908.132.9%
Shares Outstanding (Mil)90162-44.7%
Cumulative Contribution65.2%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/16/2026
ReturnCorrelation
POET65.2% 
Market (SPY)12.5%44.6%
Sector (XLK)32.2%54.5%

Fundamental Drivers

The 74.2% change in POET stock from 7/31/2025 to 8/16/2026 was primarily driven by a 758.7% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120258162026Change
Stock Price ($)5.509.5874.2%
Change Contribution By: 
Total Revenues ($ Mil)02758.7%
P/S Multiple2,137.9908.1-57.5%
Shares Outstanding (Mil)78162-52.2%
Cumulative Contribution74.2%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/16/2026
ReturnCorrelation
POET74.2% 
Market (SPY)23.9%39.2%
Sector (XLK)45.2%47.6%

Fundamental Drivers

The 127.0% change in POET stock from 7/31/2023 to 8/16/2026 was primarily driven by a 309.5% change in the company's P/S Multiple.
(LTM values as of)73120238162026Change
Stock Price ($)4.229.58127.0%
Change Contribution By: 
Total Revenues ($ Mil)12133.5%
P/S Multiple221.7908.1309.5%
Shares Outstanding (Mil)39162-76.3%
Cumulative Contribution127.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/16/2026
ReturnCorrelation
POET127.0% 
Market (SPY)75.6%28.8%
Sector (XLK)117.1%32.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
POET Return0%641%-69%536%6%41%2088%
Peers Return22%-6%16%-5%6%20%62%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
POET Win Rate0%17%42%75%58%50% 
Peers Win Rate52%40%52%44%50%52% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
POET Max Drawdown0%-73%-86%-43%-55%-69% 
Peers Max Drawdown-27%-39%-38%-35%-42%-31% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: FSLR, QCOM, SLAB, POWI, CBRS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/14/2026 (YTD)

How Low Can It Go

EventPOETS&P 500
2025 US Tariff Shock
  % Loss-34.1%-18.8%
  % Gain to Breakeven51.7%23.1%
  Time to Breakeven78 days79 days
2024 Yen Carry Trade Unwind
  % Loss-24.9%-7.8%
  % Gain to Breakeven33.2%8.5%
  Time to Breakeven13 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-80.0%-9.5%
  % Gain to Breakeven399.6%10.5%
  Time to Breakeven286 days24 days
2023 SVB Regional Banking Crisis
  % Loss-22.2%-6.7%
  % Gain to Breakeven28.6%7.1%
  Time to Breakeven17 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-72.8%-24.5%
  % Gain to Breakeven267.2%32.4%
  Time to Breakeven1090 days427 days
2020 COVID-19 Crash
  % Loss-57.7%-33.7%
  % Gain to Breakeven136.4%50.9%
  Time to Breakeven726 days140 days

Compare to FSLR, QCOM, SLAB, POWI, CBRS

In The Past

POET Technologies's stock fell -34.1% during the 2025 US Tariff Shock. Such a loss loss requires a 51.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventPOETS&P 500
2025 US Tariff Shock
  % Loss-34.1%-18.8%
  % Gain to Breakeven51.7%23.1%
  Time to Breakeven78 days79 days
2024 Yen Carry Trade Unwind
  % Loss-24.9%-7.8%
  % Gain to Breakeven33.2%8.5%
  Time to Breakeven13 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-80.0%-9.5%
  % Gain to Breakeven399.6%10.5%
  Time to Breakeven286 days24 days
2023 SVB Regional Banking Crisis
  % Loss-22.2%-6.7%
  % Gain to Breakeven28.6%7.1%
  Time to Breakeven17 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-72.8%-24.5%
  % Gain to Breakeven267.2%32.4%
  Time to Breakeven1090 days427 days
2020 COVID-19 Crash
  % Loss-57.7%-33.7%
  % Gain to Breakeven136.4%50.9%
  Time to Breakeven726 days140 days
2013 Taper Tantrum
  % Loss-25.7%-0.2%
  % Gain to Breakeven34.6%0.2%
  Time to Breakeven10 days1 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-55.5%-17.9%
  % Gain to Breakeven124.6%21.8%
  Time to Breakeven962 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-20.9%-15.4%
  % Gain to Breakeven26.5%18.2%
  Time to Breakeven14 days125 days
2008-2009 Global Financial Crisis
  % Loss-91.7%-53.4%
  % Gain to Breakeven1108.0%114.4%
  Time to Breakeven861 days1085 days

Compare to FSLR, QCOM, SLAB, POWI, CBRS

In The Past

POET Technologies's stock fell -34.1% during the 2025 US Tariff Shock. Such a loss loss requires a 51.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About POET Technologies (POET)

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POET Technologies specializes in the development of opto-electronic solutions for high-speed data communication. The company's core innovation is the POET Optical Interposer platform, a proprietary technology that allows for the monolithic integration of various active and passive optical and electrical components onto a single chip. This approach aims to dramatically reduce the size, power consumption, and manufacturing cost of complex optical modules and transceivers, simplifying their design and assembly.

The company's main products are advanced "Optical Engines" for both transmit and receive functions. These engines leverage the interposer platform to integrate key components such as light sources (lasers), photodetectors, and silicon photonics into compact, high-performance modules. By co-packaging these elements, POET provides efficient, high-bandwidth optical interconnect solutions essential for modern digital infrastructure.

POET Technologies primarily serves markets that demand high-speed and energy-efficient data transfer. Its solutions are crucial for applications in cloud data centers, artificial intelligence (AI) and machine learning (ML) clusters, and telecom access networks, including 5G infrastructure. The company's customers typically include optical module manufacturers and system integrators who require advanced, cost-effective, and power-optimized components to meet the escalating demands of data traffic and connectivity.

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  • Qualcomm for data center optical modules.
  • Intel for optical chips in high-speed data communications.
  • Broadcom for integrated optical networking components.

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  • Optica™ Platform: A highly integrated silicon photonics platform that enables the co-packaging of various optical components onto a single chip, simplifying the design and manufacturing of optical engines.
  • Optical Engines: Integrated modules built using the Optica platform, designed to power high-speed data communication transceivers for data centers, AI/ML clusters, and telecom networks.
  • LightBar™ Platform: A module within the Optica family that streamlines the integration of multiple lasers onto a photonics integrated circuit, enhancing efficiency and scalability for optical interconnects.

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Major Customers of POET Technologies (POET)

POET Technologies (POET) primarily sells its opto-electronic solutions and components to other companies within the data communications and telecommunications markets. These companies integrate POET's technology, such as optical interposer platforms and optical engines, into their own products, including optical transceivers and modules.

Based on publicly available information, major customers and strategic partners integrating POET's technology include:

  • Fiberhome Telecommunication Technologies Co., Ltd. (Shanghai Stock Exchange: 600498): A prominent Chinese telecommunications equipment and network solutions provider. POET has a strategic partnership with Fiberhome to supply its optical engines for Fiberhome's 400G and 800G optical transceiver products.
  • Ligent Photonics: This is a joint venture established by POET Technologies and Sanan IC. Ligent Photonics designs, develops, manufactures, and sells optical engines based on POET's Optical Interposer platform. While a joint venture, Ligent acts as a significant customer by procuring components and intellectual property from POET for the optical engines it produces and sells to its own customers. Ligent Photonics is not a publicly traded company.

POET also works with other unnamed "Tier 1 module makers" and targets hyperscale data center customers through its partners, but specific names are often subject to confidentiality agreements.

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Sanan Optoelectronics Co., Ltd. (SSE: 600703)

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Dr. Suresh Venkatesan, Executive Chairman & Chief Executive Officer
Dr. Suresh Venkatesan joined POET Technologies from GLOBALFOUNDRIES, where he was Senior Vice President, Technology Development, responsible for the company's Technology Research and Development. At GLOBALFOUNDRIES, he led the development and ramp of the 28nm node and was instrumental in the technology transfer and qualification of 14nm. Prior to that, he held various leadership positions with Freescale Semiconductor, which originated from Motorola. He has over 22 years of experience in semiconductor technology development and holds more than 25 US patents. He joined Motorola in 1991 and was involved in deploying copper technology and silicon on insulator technology into the industry. Dr. Venkatesan became CEO of POET in June 2015 and added the title of Executive Chairman in November 2019.

Thomas Mika, Executive Vice President, Chief Financial Officer & Corporate Secretary
Thomas Mika joined POET Technologies in November 2016. He previously served as Chairman of the Board of Rennova Health, which was the successor company to Tegal Corporation, a semiconductor capital equipment company. He was on the Board of Directors of Tegal since its spin-out from Motorola in 1989, and served as Chief Financial Officer from 2002, Chief Executive Officer from 2005, and Chairman & Chief Executive Officer from 2006 until 2015, when Tegal merged with Rennova Health. Earlier in his career, Mika co-founded IMTEC, an investment and consulting firm, and held the role of CEO in several ventures over a period of 20 years.

Vivek Rajgarhia, President & General Manager
Prior to joining POET in late 2019, Vivek Rajgarhia was Senior Vice President & General Manager of the Lightwave Business Unit of MACOM. He joined MACOM through the acquisition of Optomai Inc., where he was the Co-Founder and CEO, initiating MACOM's optical business. He was also instrumental in identifying and leading several strategic acquisitions to build MACOM's Lightwave Business Unit. With 30 years of experience in the optical communications industry, he has held senior management positions at companies such as Lucent Technologies (where he started its Asia business), OpNext (where he was part of the team to spin off the optical business from Hitachi), JDS Uniphase, and GigOptix. Rajgarhia is also a successful entrepreneur, having founded two optical companies.

Raju Kankipati, Chief Revenue Officer
Raju Kankipati serves as the Chief Revenue Officer for POET Technologies.

Kevin Barnes, Vice President of Finance & Administration, Corporate Controller & Treasurer
Kevin Barnes holds the positions of Vice President of Finance & Administration, Corporate Controller & Treasurer at POET Technologies. He has been in various roles within the company, including Chief Administrative Officer and Comptroller/Controller/Auditor, since 2007 or 2015.

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The key risks to POET Technologies' business are:

History of Operating Losses, Significant Cash Burn, and Share Dilution

POET Technologies has a history of large operating losses and negative cash flow from operations, leading to concerns about its ability to achieve or sustain profitability. The company faces significant cash burn, necessitating frequent equity raises, which results in substantial share dilution for existing shareholders. This ongoing need for external financing and the resulting dilution are major financial risks to the company's stability and shareholder value.

Uncertainty in Commercialization and Adoption of Products

The company is in a critical transition phase from product development to commercialization. A key risk is that the market may not adopt POET's Optical Engine products at the anticipated pace, or that key customers could reject the final product offerings. Current revenue streams are often driven by non-recurring engineering fees rather than consistent, repeatable product sales, highlighting the challenge of achieving sustainable and scalable revenue.

High Valuation Amidst Unproven Profitability

POET Technologies carries a stretched valuation, including a high forward price-to-sales (P/S) ratio, which is based on aggressive projections for future revenue growth. However, there is considerable uncertainty regarding the company's ability to convert this anticipated growth into improving profitability. This high valuation creates significant risk if the company fails to meet these elevated growth and profitability expectations.

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POET Technologies (POET) addresses significant markets with its optical interposer platform and high-speed optical engines for artificial intelligence (AI) systems and hyperscale data centers.
  • The global market for **800G optical modules** is estimated at $5 billion to $15 billion annually. POET's serviceable addressable market, focusing on the integration and packaging layer, is approximately $1.5 billion to $4.5 billion annually, based on an estimated value capture of 10-30% per module.
  • The global **Data Center Interconnect (DCI) market** was estimated at USD 10.12 billion in 2024 and is projected to reach USD 20.37 billion by 2030, growing at a CAGR of 13.1% from 2025 to 2030. Another estimate places the global DCI market at USD 14.6 billion in 2025, with a projected growth to USD 79.4 billion by 2034 at a 20.7% CAGR. North America holds the largest share of this market, with the U.S. DCI market alone projected to reach USD 4.7 billion in 2025 and USD 23.0 billion in 2034.
  • The global **optical interposer market** reached USD 1.42 billion in 2024 and is anticipated to grow to USD 10.16 billion by 2033, exhibiting a robust CAGR of 23.7% during this period. North America accounted for USD 0.43 billion of this market in 2024.
  • The global **optical interconnect for AI market** was valued at USD 2.86 billion in 2024 and is expected to reach USD 11.12 billion by 2033, with a CAGR of 17.9% between 2025 and 2033. North America currently leads this market. A related market, the global **optical AI accelerator market**, was valued at USD 2.22 billion in 2026 and is projected to reach USD 146.29 billion by 2040, with a CAGR of 34.89% from 2026 to 2040.
  • The global **co-packaged optics market** is expected to grow at a 37% CAGR and reach $20 billion by 2036. Another projection for the co-packaged optics market estimates it will reach $2.1 billion by 2028.
  • The market for sales of **optical transceivers, Low-Power Optics (LPO), and Co-Packaged Optics (CPO) for AI clusters** (global) is expected to double from US$5 billion in 2024 to US$10 billion in 2026.

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POET Technologies (POET) is expected to experience significant revenue growth over the next 2-3 years, driven by several key factors as it transitions from a development-stage company to a commercialization phase.

Here are 3-5 expected drivers of future revenue growth for POET Technologies:

  1. Commercialization and Ramp-Up of Optical Engine and Light Source Products: POET is actively moving from its research and development phase to the commercialization of its optical engine and light source products. The company has secured initial production orders exceeding $5.6 million, which are anticipated to drive a steady revenue ramp throughout 2026. This transition to product sales from its core technology, the POET Optical Interposer™, is a critical inflection point for future revenue generation.
  2. Expansion into Artificial Intelligence (AI) and Hyperscale Data Center Markets: POET's products are specifically designed to address the increasing demand for high-speed, power-efficient connectivity in AI clusters and hyperscale data centers. The company's optical solutions aim to overcome the limitations of traditional copper interconnects, positioning it to capitalize on the "insatiable demand" within these rapidly expanding markets.
  3. Introduction and Adoption of New, High-Speed Transceiver Products (800G, 1.6T, and 3.2T): The launch of new high-speed products, including 800G pluggable transceivers, 800G transmit optical engine chiplets (serving as building blocks for 1.6T and 3.2T transceivers), and 1.6T optical receivers, is expected to be a major revenue driver. These products are crucial for next-generation AI and data center applications, with demand projected to accelerate through 2026.
  4. Strategic Partnerships and Customer Design Wins: Collaborations and design wins with leading industry players are vital for POET's market penetration and revenue growth. Notable examples include a major design win and collaboration with Foxconn Interconnect Technology (FIT) for 800G transceivers, a collaboration with MultiLane Inc. for developing next-generation transceivers (800G, 1.6T, and higher), and partnerships with Semtech for the 1.6T optical receiver and Sivers Semiconductors for light sources. These partnerships validate POET's technology and facilitate its integration into high-volume solutions.

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Share Issuance

  • In January 2026, POET Technologies closed a registered direct offering of 20,689,656 common shares, generating approximately US$150 million in gross proceeds.
  • During 2025, the company completed three rounds of equity financing with institutional investors, raising a total of US$250 million. This included a US$75 million private placement in October 2025, where 13,636,364 common shares and warrants were issued to a single institutional investor.
  • In the third quarter of 2024, POET raised $25 million in equity capital through two private placements, issuing 7,333,334 Units with warrants. The company also raised US$6.2 million through equity offerings between December 2023 and January 2024.

Inbound Investments

  • A significant registered direct offering in January 2026 secured approximately US$150 million from institutional investors, increasing the company's pro-forma cash position to over US$300 million.
  • In October 2025, POET received its largest single investment to date, a US$75 million private placement from one institutional investor.
  • The company raised US$25 million in equity capital in Q3 2024 through private placements with institutional investors.

Outbound Investments

  • POET Technologies moved to take full control of its joint venture, Super Photonics Xiamen (SPX), by facilitating the transfer of SAIC's stake in November 2025, a move also noted in Q4 2024/early 2025.

Capital Expenditures

  • Research and development (R&D) costs were a primary focus, reaching $3.7 million in Q3 2025 and $11.33 million for the full fiscal year 2024.
  • Proceeds from equity financings are earmarked for scaling up R&D, accelerating the light source business, and expanding operations.
  • The company aims to use capital for corporate development, including targeted acquisitions and vertical integration of products, to secure technological leadership and revenue opportunities in AI hardware solutions.

Better Bets vs. POET Technologies (POET)

Peer Outperformance in Semiconductors

POET has outperformed 100% of its 53 Semiconductors peers over 5Y. Semiconductors ranks 6th of 12 industries in Information Technology by median 5Y return.
Share of Semiconductors constituents that POET has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
69%
of 64 industry peers · 90.1% return
3Y
72%
of 58 industry peers · 157.5% return
5Y
100%
of 53 industry peers · 2252.1% return
No Semiconductors peer with a comparable growth profile has beaten POET by more than 20pp over 5Y.
Median price return by industry across the Information Technology sector, ranked by 5Y. Semiconductors is POET's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 9 76.6%256.7%456.6% TTMI 889% · FLEX 864% · JBL 521%
Semiconductor Materials & Equipment 27 188.5%114.4%151.1% AEHR 2429% · AXTI 839% · KLAC 563%
Technology Distributors 9 24.9%65.4%84.8% CLMB 354% · AVT 168% · SNX 124%
Electronic Components 26 71.4%68.6%74.4% CLS 3769% · BELFA 1545% · LPTH 747%
Communications Equipment 35 43.0%99.1%60.6% AAOI 2205% · LITE 1054% · FEIM 901%
Semiconductors ← 54 44.6%55.4%49.9% POET 2252% · MU 1308% · NVDA 1061%
Technology Hardware, Storage & Peripherals 22 42.8%88.4%34.5% STX 1153% · WDC 1018% · DELL 996%
Internet Services & Infrastructure 6 15.3%39.6%21.9% DOCN 154% · VRSN 36% · GDDY 35%
Electronic Equipment & Instruments 27 3.6%15.3%-1.3% PI 261% · NSSC 133% · OSIS 131%
IT Consulting & Other Services 28 -25.1%-10.3%-16.7% CHRN 550689% · APLD 2228% · TSSI 780%
Application Software 124 -19.2%-11.3%-39.3% VIDA 234900% · INLX 5250% · PLTR 626%
Systems Software 68 -6.2%25.6%-43.0% QNC 1005% · PANW 530% · PAYS 425%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

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Peer Comparisons

Peers to compare with:

Financials

POETFSLRQCOMSLABPOWICBRSMedian
NamePOET Tec.First So.Qualcomm Silicon .Power In.Cerebras. 
Mkt Price9.58225.56165.79218.4162.75218.98192.10
Mkt Cap1.6242.4175.27.33.533.120.2
Rev LTM25,37844,069856449576716
Op Inc LTM-461,81010,258-4321-578-11
FCF LTM-411,50010,416-579-90537
FCF 3Y Avg-3311111,535-572-72
CFO LTM-352,15612,4013398-17166
CFO 3Y Avg-271,21412,9031993-93

Growth & Margins

POETFSLRQCOMSLABPOWICBRSMedian
NamePOET Tec.First So.Qualcomm Silicon .Power In.Cerebras. 
Rev Chg LTM266.1%23.8%1.9%21.7%1.6%-21.7%
Rev Chg 3Y Avg161.1%21.7%4.8%1.5%-3.7%-4.8%
Rev Chg Q112.3%-3.7%-4.0%18.3%2.7%-2.7%
QoQ Delta Rev Chg LTM21.4%-0.8%-0.9%4.3%0.7%-0.7%
Op Inc Chg LTM-57.8%32.9%-15.9%61.7%2.4%-2.4%
Op Inc Chg 3Y Avg-33.7%399.8%-0.6%-63.4%-22.2%--22.2%
Op Mgn LTM-2,684.6%33.6%23.3%-5.1%4.8%-100.3%-0.2%
Op Mgn 3Y Avg-9,154.4%33.0%25.6%-17.4%4.7%-4.7%
QoQ Delta Op Mgn LTM108.4%1.9%-2.3%1.7%2.3%-1.9%
CFO/Rev LTM-2,069.4%40.1%28.1%3.9%21.8%-29.7%12.8%
CFO/Rev 3Y Avg-7,510.5%26.2%31.3%1.4%21.2%-21.2%
FCF/Rev LTM-2,414.7%27.9%23.6%-0.6%17.6%-157.1%8.5%
FCF/Rev 3Y Avg-9,033.8%0.1%28.1%-1.9%16.5%-0.1%

Valuation

POETFSLRQCOMSLABPOWICBRSMedian
NamePOET Tec.First So.Qualcomm Silicon .Power In.Cerebras. 
Mkt Cap1.6242.4175.27.33.533.120.2
P/S908.145.14.08.57.857.426.8
P/Op Inc-33.8133.917.1-167.3163.6-57.2-8.4
P/EBIT-20.6130.014.7-232.1163.6-244.6-2.9
P/E-20.5138.818.9-185.4139.6-184.8-0.8
P/CFO-43.9112.414.1219.135.7-193.024.9
Total Yield-4.9%0.7%7.5%-0.5%2.1%-0.5%0.1%
Dividend Yield0.0%0.0%2.2%0.0%1.4%0.0%0.0%
FCF Yield 3Y Avg-9.3%-1.9%5.9%-0.3%1.9%--0.3%
D/E0.00.00.10.00.00.00.0
Net D/E-0.5-0.00.0-0.1-0.1-0.2-0.1

Returns

POETFSLRQCOMSLABPOWICBRSMedian
NamePOET Tec.First So.Qualcomm Silicon .Power In.Cerebras. 
1M Rtn29.6%6.4%-3.5%0.4%-10.9%26.7%3.4%
3M Rtn-40.0%-3.3%-17.4%0.8%-14.1%-21.7%-15.8%
6M Rtn71.7%-0.0%19.0%5.4%33.8%-29.6%12.2%
12M Rtn90.1%12.8%7.2%67.1%38.0%-29.6%25.4%
3Y Rtn157.5%23.0%60.7%64.8%-18.2%-29.6%41.9%
1M Excs Rtn21.6%3.1%-6.2%-3.3%-13.5%18.0%-0.1%
3M Excs Rtn-57.2%-6.4%-20.6%-3.3%-16.0%-33.4%-18.3%
6M Excs Rtn55.6%-11.6%7.0%-8.4%21.4%-43.6%-0.7%
12M Excs Rtn63.1%1.6%-12.3%41.8%11.5%-50.0%6.5%
3Y Excs Rtn49.0%-63.5%-22.5%-14.8%-97.4%-103.9%-43.0%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Non-recurring engineering services and product sales10010
Total10010


Assets by Segment
$ Mil20202019201320122011
The design, manufacture and sale of semi-conductor products and services for commercial applications1224   
ODIS  110
Opel  115
Other  30 
Total1224425


Price Behavior

Price Behavior
Market Price$9.58 
Market Cap ($ Bil)1.4 
First Trading Date02/19/2008 
Distance from 52W High-53.4% 
   50 Days200 Days
DMA Price$9.29$7.93
DMA Trendupdown
Distance from DMA3.1%20.7%
 3M1YR
Volatility120.8%142.8%
Downside Capture724.00411.12
Upside Capture354.99398.88
Correlation (SPY)62.7%39.9%
POET Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta4.755.116.955.174.212.35
Up Beta10.525.496.125.474.741.53
Down Beta-1.083.894.464.224.011.70
Up Capture192%480%1605%1472%1616%17395%
Bmk +ve Days11223567138427
Stock +ve Days8192858118341
Down Capture638%457%470%267%190%112%
Bmk -ve Days11212859114326
Stock -ve Days14243567132401

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with POET
POET84.0%142.0%1.11-
Sector ETF (XLK)42.4%25.9%1.3347.9%
Equity (SPY)21.5%12.8%1.2539.7%
Gold (GLD)30.0%28.5%0.9116.7%
Commodities (DBC)38.1%20.1%1.493.5%
Real Estate (VNQ)14.4%13.9%0.730.9%
Bitcoin (BTCUSD)-49.1%42.8%-1.4533.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with POET
POET3.3%112.8%0.54-
Sector ETF (XLK)20.6%25.8%0.7128.1%
Equity (SPY)13.4%17.2%0.6024.5%
Gold (GLD)19.5%18.6%0.8513.2%
Commodities (DBC)9.6%19.6%0.386.7%
Real Estate (VNQ)2.3%18.9%0.0211.7%
Bitcoin (BTCUSD)8.0%52.8%0.3412.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with POET
POET-0.4%108.9%0.49-
Sector ETF (XLK)24.7%24.9%0.9028.6%
Equity (SPY)15.4%17.9%0.7326.2%
Gold (GLD)12.0%16.2%0.6013.4%
Commodities (DBC)7.7%18.0%0.3410.8%
Real Estate (VNQ)5.0%20.7%0.2016.8%
Bitcoin (BTCUSD)59.9%66.1%1.0012.2%

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Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity25.8 Mil
Short Interest: % Change Since 7152026-5.2%
Average Daily Volume11.7 Mil
Days-to-Cover Short Interest2.2 days
Basic Shares Quantity162.4 Mil
Short % of Basic Shares15.9%

Earnings Returns History

Updated 6/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/13/20266-K
03/31/202605/15/20266-K
12/31/202503/31/202620-F
09/30/202511/14/20256-K
06/30/202508/12/20256-K
03/31/202505/15/20256-K
12/31/202404/01/202520-F
09/30/202411/15/20246-K
06/30/202408/14/20246-K
03/31/202405/16/20246-K
12/31/202303/28/202420-F
09/30/202311/15/20236-K
06/30/202308/14/20236-K
03/31/202305/16/20236-K
12/31/202203/31/202320-F
09/30/202211/14/20226-K
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/13/20266-K
03/31/202605/15/20266-K
12/31/202503/31/202620-F
09/30/202511/14/20256-K
06/30/202508/12/20256-K
03/31/202505/15/20256-K
12/31/202404/01/202520-F
09/30/202411/15/20246-K
06/30/202408/14/20246-K
03/31/202405/16/20246-K
12/31/202303/28/202420-F
09/30/202311/15/20236-K
06/30/202308/14/20236-K
03/31/202305/16/20236-K
12/31/202203/31/202320-F
09/30/202211/14/20226-K
06/30/202208/09/20226-K
03/31/202205/12/20226-K
12/31/202104/27/202220-F
09/30/202111/24/20216-K
12/31/202004/09/202120-F
06/30/202008/21/20206-K
03/31/202005/28/20206-K
12/31/201904/30/202020-F
Core Cache Last Updated: 8/16/2026