POET Technologies Inc. stock climbed 5.19% to $9.33 after stronger quarterly revenue and new commercial agreements supported Thursday’s rally. The company reported its sixth consecutive quarter of sequential revenue growth in the second quarter. A $50 million Lumilens purchase order also improved the company’s commercial outlook in AI infrastructure, where demand for high-speed optical interconnects is intensifying as hyperscale operators expand AI training capacity.

POET Technologies Revenue Rises 112% as Quarterly Loss Narrows

POET Technologies reported second-quarter revenue of $569,925, up 13% from the previous quarter. Revenue also increased 112% from $268,469 in the same period last year. The latest results extended the company’s sequential revenue growth streak to six quarters.

The company posted a net loss of $11.3 million, compared with $12.3 million in the first quarter. Loss per share improved to $0.07 from $0.08 in the prior quarter. The loss also narrowed from $17.3 million in the second quarter of 2025.

Research and development expenses rose to $5.8 million as POET expanded product development activities. Those expenses were $4.5 million in the first quarter and $3.1 million a year earlier. Operating cash outflow totaled $12.2 million, compared with $8.8 million in the previous quarter.

$50 Million Lumilens Order Expands POET Technologies Commercial Pipeline

POET Technologies secured an initial $50 million purchase order through its strategic partnership with Lumilens. The agreement covers the manufacturing of optical engines using POET’s Optical Interposer platform for advanced computing infrastructure. The broader relationship could generate more than $500 million in cumulative purchases over five years.

The company also received another $2.4 million purchase order from an existing customer after quarter-end. POET reached an agreement with a Tier 1 laser company for an external light-source engine and secured exclusive access to a component designed to increase output from its Blazar hybrid laser.

These agreements support POET’s planned optical engine production ramp in the second half of 2026. The company develops photonic integrated circuits, light sources, and optical modules for data centers and advanced computing systems—components that underpin the optical links increasingly required to connect AI accelerators at scale.

$400 Million Financing Strengthens POET Technologies Balance Sheet

POET ended June with $796.3 million in cash and short-term investments after completing its May financing. The company raised $400 million by issuing 19,047,620 units at $21 each. Each unit included one common share and one warrant exercisable at $26.25 through May 2029.

The financing gives POET additional resources to expand manufacturing capacity and support expected customer demand. It also provides capital for the planned production ramp tied to the Lumilens partnership. POET appointed Sandeep Kumar as chief operating officer to oversee expanding manufacturing operations.

POET also approved 2,453,271 restricted stock units for company officers on August 11. The company calculated the award using its August 10 closing share price of $8.56. The units will vest evenly across the first three anniversaries under POET’s 2026 incentive plan. With the Lumilens-driven production ramp still ahead, execution milestones such as pilot-line throughput, qualification timelines, and additional customer commitments will be closely watched as the company transitions from development-stage revenue toward volume manufacturing.