POET Technologies reported 112% year-over-year revenue growth and its sixth consecutive quarter of sequential growth, si

POET Technologies Inc., the designer and developer of Photonic Integrated Circuits for AI and data center markets, reported second quarter 2026 results on August 13, 2026. Revenue reached $569,925, representing a 13% increase from the first quarter and a 112% increase from the second quarter of 2025, marking the company's sixth consecutive quarter of sequential revenue growth. The company reported a net loss of $11.3 million, or $0.07 per share, compared to a net loss of $12.3 million in the first quarter, demonstrating margin improvement. The company ended the quarter with $796.3 million in cash and short-term investments following completion of a $400 million financing round in May.

Revenue consisted of non-recurring engineering and product revenue. Research and development costs in the quarter totaled $5.8 million, compared to $3.1 million in the same period of 2025, reflecting the company's transition from technology development to product development. The company reported a non-cash gain of $5.5 million in fair value adjustment to derivative warrant liability. Stock-based compensation was $3.8 million and depreciation and amortization totaled $1.0 million. Other income, including interest, was $4.3 million in the quarter. Cash used in operating activities was $12.2 million.

Chairman and CEO Dr. Suresh Venkatesan stated that the quarter demonstrated POET's transition from development to revenue, with optical engine production ramp remaining on schedule for the second half of 2026. He noted that the $400 million strategic investment removes uncertainty about the company's financial staying power and enables focus on commercial and operational execution. The company also appointed Dr. Sandeep Kumar as Chief Operating Officer to lead operational and manufacturing expansion. Management expects to begin shipping substantial numbers of production units for qualification in the remaining quarters of 2026. The Board of Directors determined that redomiciling to the United States is not in the company's best interests at this time.