The brief

Analyst view

• FY2026 revenue: $8.2B. Leads in 800 Gbps and 1.6 Tbps DSP interconnect chips.
• Acquired Celestial AI Feb 2026 for $3.25B to add photonic fabric for optical AI scale-up.
• Photonic fabric replaces electrical with optical links for disaggregated compute and memory.

Technical approach

As reported

Optical I/O

Replace copper with light for scale-up

Optical links replace electrical copper, achieving higher bandwidth, lower latency, and less power per bit across scales.

Co-packaged optics

Integrate optics directly with chips

Optics mounted on the same package as silicon reduce module count and board space, enabling denser, more power-efficient systems.

DSP leadership

800 Gbps and 1.6 Tbps digital signal processors

Market-leading coherent DSP silicon enables hyperscale data centers to build optical interconnect fabrics at scale.

Compute-memory disaggregation

Photonic fabric enables pooled memory

Optical links with near-zero congestion let AI systems pool memory across multiple nodes, cutting costs and improving utilization.

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