Analysis: Nvidia's CPO Ramp Faster Than Expected, Lumentum Poised to Benefit

Odaily News: GF Securities stated that Nvidia's co-packaged optics (CPO) scale-out is progressing faster than expected, which should be a positive for supplier Lumentum, maintaining a "Buy" rating on Lumentum. GF data shows that Lumentum's estimated revenue from CPO and near-packaged optics (NPO) will see significant year-over-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 expands to $750 million for CPO and $2.55 billion for NPO.