Supply Chain & Corporate Finance

Lumentum reports 65% year-over-year revenue growth while undershipping customer demand by approximately 30%, with all EML production capacity committed through 2027. The optical component supplier's order backlog exceeds $400 million, driven by AI datacenter demand for 1.6T transceivers operating at 200-gigabit lane speeds.

Lumentum Holdings is shipping 30% below customer demand for EML optical components used in AI data centers, with all production capacity locked in long-term contracts through 2027. The company's OCS order backlog has surged past $400 million despite increasing indium phosphide capacity by over 20% in Q4 2025 alone.