POET Technologies Inc.
- Growing?
- Yes: revenue went from $553K in FY22 to $1M in FY25.
- Expensive?
- Price-to-sales (P/S) 526×. Above the peer median of 16.4x. The market pays more per $1 of revenue than for peers.
- Analysts?
- average 12-month target $14.75, 183% above today's price.
- Risky?
- Much swingier than most large companies: its price swung 139% over the past year (the S&P 500's 14%), and it fell as much as 92% since Nov 2021.
POET Technologies Inc. develops opto-electronic integration solutions based on its proprietary POET Optical Interposer™ platform, integrating active and passive photonic components into chip-scale optical engines and light-source products for AI/data-center and telecom connectivity.
More about POET Technologies
Revenue is generated primarily through sales of optical engines/light-source sub-assemblies (and related modules), plus program-specific engineering/NRE tied to customer adoption.
Market Position
POET positions the Optical Interposer as a differentiated wafer-level hybrid integration and packaging approach intended to reduce cost, size, and power versus traditional photonics assembly, targeting high-volume 800G/1.6T interconnect demand. It competes with other optical-component and photonics-integration ecosystems by emphasizing scalable manufacturing, standardized product building blocks, and faster assembly/test at volume.
Key Segments
Commercial focus centers on (1) AI/data-center optical engines (Tx/Rx engines for high-speed transceivers) and (2) external light sources (e.g., LightBar™ variants) designed to integrate into host boards or optical modules.
How has the stock done?
Over the past month POET fell 18.7%; the semiconductor ETF (SMH) fell 15.1% and the S&P 500 fell 2.7%.
Over the past six months POET fell 62.1%; the semiconductor ETF (SMH) fell 10.6% and the S&P 500 rose 2.6%.
Over the past year POET rose 3.2%; the semiconductor ETF (SMH) rose 41.1% and the S&P 500 rose 10.8%.
Over five years POET fell 37.2%; the semiconductor ETF (SMH) rose 233.3% and the S&P 500 rose 62.0%.
From Mar 11, 2022 to Dec 18, 2023, the deepest drop from a high since Nov 2021
How much the price swings in a year; the S&P 500's was 14%
When the S&P 500 moves 1%, the stock has moved about 4.4% the same way
Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026.
Is the business growing?
Revenue went from $553K in FY22 to $1M in FY25; net income from −$21M to −$63M.
Show the data
| Fiscal year | Revenue | Net income |
|---|---|---|
| FY22 | $553K | −$21M |
| FY23 | $466K | −$20M |
| FY24 | $41K | −$57M |
| FY25 | $1M | −$63M |
Fiscal years: Yahoo Finance.
How it makes money
Margins over the past years, from the annual income statement.
Loss exceeds revenue
Loss exceeds revenue
Each margin is that line of the income statement divided by revenue. Fiscal year: Yahoo Finance, operating income as filed with the SEC where its quarters cover the year.
Customers and suppliers
In its latest annual report POET Technologies buys from GMSB, NationGate.
Suppliers
Changes since the previous annual report (20-F filed Apr 1, 2025)
Show the filing's words
| Company | Role | In the filing's words |
|---|---|---|
| GMSB | supplier | “To address the challenge of producing devices in the large quantities needed by customers in the high-volume data communications industry, and in keeping with our “fab-light” strategy, POET has entered into agreements with Globetronics Manufacturing, Sdn. Bhd. (“GMSB”) and NationGate Solution (M) Sdn. Bhd. (“NationGate”) to establish and maintain optical engine assembly and test operations in Malaysia.” |
| NationGate | supplier | “To address the challenge of producing devices in the large quantities needed by customers in the high-volume data communications industry, and in keeping with our “fab-light” strategy, POET has entered into agreements with Globetronics Manufacturing, Sdn. Bhd. (“GMSB”) and NationGate Solution (M) Sdn. Bhd. (“NationGate”) to establish and maintain optical engine assembly and test operations in Malaysia.” |
Only the companies POET Technologies names in its 20-F filed Mar 31, 2026 (SEC). The supply chain joins the latest annual reports of the companies on it and the 8-Ks they filed since: a link shows when either side's report names the other, so it grows as more reports are read. Hover a name for the filing's own words.
Is it expensive?
Currently unprofitable, so P/E does not apply, so we look at price-to-sales instead: 526x, above the peer median of 16.4x. Revenue is up 112% from a year ago.
Above the peer median of 16.4x. The market pays more per $1 of revenue than for peers.
Show the data
| Company | Price-to-sales (P/S) |
|---|---|
| POET · POET Technologies Inc. | 526× |
| AMD · Advanced Micro Devices, Inc. | 21.1× |
| AVGO · Broadcom Inc. | 19.5× |
| NVDA · NVIDIA Corporation | 13.2× |
| MU · Micron Technology, Inc. | 6.8× |
| SKHY · SK hynix Inc. | — |
POET Technologies Inc. is currently unprofitable, so P/E does not apply. We use price-to-sales instead: market cap as a multiple of revenue.
What analysts expect
The average analyst price target is $14.75, 183% above the current price; earnings missed estimates in all of the last 4 quarters.
Show the data
| Quarter | Estimate | Reported | Surprise |
|---|---|---|---|
| Sep ’25 | −$0.08 | −$0.10 | −25.0% |
| Dec ’25 | −$0.06 | −$0.25 | −316.7% |
| Mar ’26 | −$0.04 | −$0.09 | −125.0% |
| Jun ’26 | −$0.07 | −$0.10 | −42.9% |
For the quarter ending Sep 2026 (POET Technologies reports on Nov 16, 2026), analysts expect an adjusted loss of $0.05 a share, against a loss of $0.10 a year earlier.
Adjusted. Sep 2025: a loss of $0.10; range −$0.05 to −$0.05; 1 analysts
Show the data
| Period | Figure | Expected | Low to high | Analysts | A year earlier | Change |
|---|---|---|---|---|---|---|
| Quarter ending Sep 2026, results Nov 16, 2026 | EPS (adjusted) | −$0.05 | −$0.05 to −$0.05 | 1 | −$0.10 (Sep 2025) | — |
| Quarter ending Dec 2026 | EPS (adjusted) | −$0.04 | −$0.04 to −$0.04 | 1 | −$0.25 (Dec 2025) | — |
Targets, ratings and earnings estimates: Yahoo Finance. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.
Financial health
Current ratio 2.2, no pressure to repay short-term debt; debt-to-equity 0.0, debt is very low and the balance sheet is solid.
Assets that can be turned into cash soon are 2.2x what is owed within a year. 1.5 or higher is comfortable; below 1 needs watching.
For every $1 of shareholder funds, there is $0.0 of debt (leases not counted). The higher the number, the more pressure when the economy weakens.
Cash and short-term investments of $313M against debt of $6M. Lease obligations of $1M are not counted: they are rent owed, not money borrowed.
Latest fiscal year balance sheet. Source: Yahoo Finance.
What did the funds Hunch tracks do?
Of the 83 funds whose 13F filings Hunch reads, 2 held POET at the end of their latest quarter (for most, Q3 2026). Over that quarter 1 cut, 1 bought new and 2 sold all. The largest of them is Renaissance Technologies, 1.46M shares worth $11.0M at Sep 30, 2026, 57.8% fewer than a quarter earlier.
1 of them new holders
2 of them sold all
Show every fund
| Fund | Quarter | Shares | Value | Change in shares | Change | Filed |
|---|---|---|---|---|---|---|
| CloudAlpha Capital Management Limited/Hong Kong | Q3 2026 | 0 | — | −3.86M | Sold all | Nov 9, 2026 |
| Renaissance Technologies | Q3 2026 | 1.46M | $11.0M | −2.01M | −58% | Nov 12, 2026 |
| Nomura Holdings | Q2 2026 | 734,165 | $7.5M | +734,165 | New | Aug 14, 2026 |
| Tudor Investment Corp Et Al | Q2 2026 | 0 | — | −978,082 | Sold all | Aug 14, 2026 |
From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of POET at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end.