Now that all the major photonics names have reported, the picture is remarkably consistent. $AAOI said it most directly. CEO Thompson Lin: demand to support next generation AI infrastructure is so robust that near term revenue is bounded almost entirely by production capacity and key component availability. They expect demand to outpace production through mid 2027, and management said demand runs 20 to 40% above what they can build with capacity already booked through Q2 2027. $LITE put up $1.01 billion against $988 million expected and guided next quarter to $1.23-1.28 billion versus a $1.16 billion consensus. Gross margin hit 50.4%, up 1,260 basis points year over year. Management said they reached their target model more than a quarter ahead of schedule.But the line that mattered most
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