Overview
- POET shares rallied about 40% across two sessions with additional premarket gains after CFO Thomas Mika confirmed a purchase order from Marvell Technology.
- The Marvell tie runs through Celestial AI, which Marvell bought in early 2025, after POET began supplying and co-developing optical components with Celestial AI in 2022.
- The company said it is waiting on potential follow-on purchase orders from Foxconn and Luxshare for its photonics components.
- Management countered Wolfpack Research’s PFIC tax warning by pledging QEF election details for U.S. holders, saying it expects to avoid PFIC status this year and plans to move its headquarters to the U.S.
- POET remains unprofitable with modest recent product revenue, but it raised more than $225 million in Q4 2025 and another $150 million in January 2026 to fund manufacturing scale-up for AI data center optics.