Demand visibility improves; optical module market prosperity continues to exceed expectations

Since the beginning of this year, the overall increase in A-shares optical communication modules has exceeded 60%. The impressive performance in the 2025 annual report and the Q1 2026 report may be the direct catalysts for this round of optical module market rally. The recent disclosures of customer demand and order visibility by leading companies reflect the continued improvement in industry prosperity, which may further boost the upward trend. It is worth noting that optical modules also have the attribute of “continuous technological upgrades driving sustained demand growth.” As the construction of Wanka 100,000-card supercomputing clusters and the large-scale deployment of supernodes accelerate, the demand for high-speed optical interconnects in data centers is rapidly increasing. CPO (co-packaged optics) is entering its mass production year, and upstream materials in the industry chain are attracting investor attention. (Shanghai Securities News)