Lumilens Orders $50 Million From Poet Stock

Poet stock rose 22.27% to $17.57 after POET Technologies and Lumilens announced a strategic supply and joint development agreement. The deal starts with a $50 million purchase order and could exceed $500 million over five years.

That initial order is for EOI-based engines tied to wafer-level photonic integration for next-generation AI optical networks. For shareholders, the immediate read-through was a roughly $400 million lift in valuation as the market priced a larger customer relationship than a one-off shipment.

Lumilens Targets $500 Million

$500 million is the ceiling POET and Lumilens set for cumulative purchases over five years if the relationship unfolds as planned. The structure pairs supply with joint development, giving POET a path from a first order to a longer buying program tied to AI network hardware.

22,921,408 shares sit behind a warrant POET granted Lumilens at $8.25. Part of that warrant can be exercised immediately, while the rest is tied largely to future purchases, keeping the financing and the commercial deal connected instead of separate.

EOI Roadmap Through 2027

800G and 1.6T pluggables, Near-Package Optics, and Co-Packaged Optics make up the roadmap. Those product buckets tell investors where the agreement is aimed: faster data movement inside and around AI systems, not a single narrow component sale.

Late 2026 is the target for engineering samples, and 2027 is the target for a production ramp. Both milestones depend on successful development, qualification, and manufacturing scale-up, so the $50 million opening order is the first step in a longer build-out rather than the finish line.

POET Stock at $17.57

$17.57 was the last quoted price after the announcement, extending a move that added about $400 million to POET’s valuation. The stock now trades against a simple test: whether Lumilens turns the opening order into the five-year purchase path the agreement sketches out.