[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  DonCorleone77 [@CorleoneDon77](/creator/twitter/CorleoneDon77) on x 5453 followers Created: 2025-07-16 12:52:23 UTC $COHR Attached is page X of a 3-page Needham analyst report on COHR issued yesterday entitled: "LITE & COHR Poised to Win Google OCS Business" Needham has a 'Buy' rating on COHR with a $XXX price target. Needham's summary statement regarding COHR in the report includes the following: "Our recent industry checks indicate that Google is moving forward with awarding its first commercial Optical Circuit Switching (OCS) supply contract to both LITE and COHR as part of an estimated $700MM 3-year program. Both companies have previously called out targeting this Google opportunity with their new OCS products coming to market in 2025. We believe the share split is 50/50 initially, and could shift dependent on execution. Each company is expected to begin shipping product in C2H25, with high volumes ramping in 2026. At OFC in early April, LITE cited the market opportunity could approach ~$1.5B/yr by 2029. Within one year, we expect OCS products to be GM accretive for both companies and successful execution could add 5-10% and 2-5% of OI/EPS to LITE and COHR, respectively. We referenced the OCS opportunity in detail in our OFC 2025 note ( Here ) for which Google is the most prominent customer, and we outline further market background below. Google has previously published that it began deploying Optical Circuit Switches in 2022 as part of its Project Apollo. Apollo aimed to improve performance and reduce cost of its internally-developed TPU (Tensor Processor Units) ASIC architecture for AI/ML which is now on its 7th generation. As no commercial OCS products were available which met Google's needs, Google developed and manufactured their own OCS, based on MEMS technology partially supplied by Lumentum (LITE). With their deep experience, Google has since driven their product requirements into the market, including via RFP, with the intention of exiting the development and manufacturing role to source the products commercially for the first time. One key advantages of deploying OCS as a spine switch in AI back-end clusters is power reduction. LITE has claimed >65% power reduction with optical switching vs packet switching for 100K back-end “scale out” GPU deployments. While OCS may prove effective for Google's TPU architecture, we suspect alternate packet solutions like linear-plug optics (LPO) or co-packaged optics (CPO) can also drive down power. Google claims its TPU spine architecture requires less real-time configuration than the dynamic nature of packet switches and has developed the required control plane software for the OCS." (Page X is not available here as X does not allow me to post pages from reports on this platform) XXX engagements  **Related Topics** [$cohr](/topic/$cohr) [$googl](/topic/$googl) [stocks communication services](/topic/stocks-communication-services) [Post Link](https://x.com/CorleoneDon77/status/1945466544085152069)
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DonCorleone77 @CorleoneDon77 on x 5453 followers
Created: 2025-07-16 12:52:23 UTC
$COHR
Attached is page X of a 3-page Needham analyst report on COHR issued yesterday entitled:
"LITE & COHR Poised to Win Google OCS Business"
Needham has a 'Buy' rating on COHR with a $XXX price target.
Needham's summary statement regarding COHR in the report includes the following:
"Our recent industry checks indicate that Google is moving forward with awarding its first commercial Optical Circuit Switching (OCS) supply contract to both LITE and COHR as part of an estimated $700MM 3-year program. Both companies have previously called out targeting this Google opportunity with their new OCS products coming to market in 2025.
We believe the share split is 50/50 initially, and could shift dependent on execution. Each company is expected to begin shipping product in C2H25, with high volumes ramping in 2026. At OFC in early April, LITE cited the market opportunity could approach ~$1.5B/yr by 2029.
Within one year, we expect OCS products to be GM accretive for both companies and successful execution could add 5-10% and 2-5% of OI/EPS to LITE and COHR, respectively.
We referenced the OCS opportunity in detail in our OFC 2025 note ( Here ) for which Google is the most prominent customer, and we outline further market background below.
Google has previously published that it began deploying Optical Circuit Switches in 2022 as part of its Project Apollo. Apollo aimed to improve performance and reduce cost of its internally-developed TPU (Tensor Processor Units) ASIC architecture for AI/ML which is now on its 7th generation.
As no commercial OCS products were available which met Google's needs, Google developed and manufactured their own OCS, based on MEMS technology partially supplied by Lumentum (LITE).
With their deep experience, Google has since driven their product requirements into the market, including via RFP, with the intention of exiting the development and manufacturing role to source the products commercially for the first time.
One key advantages of deploying OCS as a spine switch in AI back-end clusters is power reduction. LITE has claimed >65% power reduction with optical switching vs packet switching for 100K back-end “scale out” GPU deployments.
While OCS may prove effective for Google's TPU architecture, we suspect alternate packet solutions like linear-plug optics (LPO) or co-packaged optics (CPO) can also drive down power.
Google claims its TPU spine architecture requires less real-time configuration than the dynamic nature of packet switches and has developed the required control plane software for the OCS."
(Page X is not available here as X does not allow me to post pages from reports on this platform)
XXX engagements
Related Topics $cohr $googl stocks communication services
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