Optical Transceivers (800G / 1.6T)

Cluster scale pushes past copper. 800G→1.6T pluggables ramp now; co-packaged optics shift value toward the switch and laser.

Laser→Module→Switch→Fabric

Tightness score ⓘ

#13 of 56

▲ Tightening

Supply concentration4

Lead time3

Capex intensity3

Geopolitical exposure4

Pricing power4

Lead time

6–12 mo

Theme 1M

−32.7%

% in uptrend

Metric to watch

1.6T volume ramps, Innolight/Eoptolink revenue, and CPO adoption timelines.

What would prove us wrong

Weakens if transceiver ASP collapses with surplus module capacity.

Dependencies

Equal-weight · rebased 100 · 1Y

Stocks we track

Who controls this bottleneck

Roles, not recommendations. Delayed prices; local currency.

Stock	Role	Listing	Last	1D	1M	3M	YTD	Off 52w high	Next earnings
COHR Coherent	Lasers, InP capacity and optical transceivers	NYSE US	$210.3	−11.34%	−34.1%	−27.0%	+13.9%	−50.7%	2026-11-04
LITE Lumentum	EML and CW lasers for 800G/1.6T	NASDAQ US	$840.7	−8.57%	−19.6%	+7.8%	+128.1%	−25.8%	2026-11-05
FN Fabrinet	Precision optical manufacturing for transceivers	NYSE Thailand	$327.3	−6.13%	−27.5%	−28.2%	−28.1%	−56.1%	2026-11-02
AAOI Applied Optoelectronics	US-made optical modules and lasers	NASDAQ US	$69.05	−12.80%	−35.7%	−37.4%	+98.1%	−69.0%	2026-11-05
300308.SZ Zhongji Innolight	Largest 800G/1.6T transceiver maker	SZSE China	¥553.0	−4.99%	−40.0%	−48.6%	−9.1%	−59.9%	—
300502.SZ Eoptolink	High-speed optical modules	SZSE China	¥196.0	−14.19%	−56.6%	−60.1%	−36.2%	−67.9%	—
CIEN Ciena	Coherent optics for data-centre interconnect	NYSE US	$320.7	−8.22%	−15.4%	−17.9%	+37.1%	−48.9%	—

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