{"city":"Suzhou","name":"Innolight","slug":"innolight","facts":[{"date":"2026-09-18","type":"revenue_band","value":">500m","source":"rsshub.bkraju.com — 2026-09-18"},{"date":"2026-09-15","type":"deployment","value":"Largest agrivoltaic installation in Switzerland","source":"t3n.de — 2026-09-15"},{"date":"2026-07-01","type":"setback","value":"Added to a Pentagon list, creating a material geopolitical setback for a supplier with more than 86% overseas revenue predominantly from North America","source":"hellochinatech.com"},{"date":"2026-04-01","type":"revenue","value":"RMB 19500000000","source":"hellochinatech.com and lightcounting.com"},{"date":"2025-12-31","type":"deployment","value":"Approximately 3 million 1.6T units shipped in FY2025, capturing over 50% of global share","source":"faxiangongchang.com"},{"date":"2025-12-31","type":"revenue","value":"LightCounting-recorded revenue","source":"100gmodules.com and lightcounting.com"}],"peers":[{"name":"Dongshan Precision","rank":13,"slug":"dongshan-precision","score":"98"},{"name":"Coherent","rank":19,"slug":"coherent","score":"96"},{"name":"Corning","rank":28,"slug":"corning","score":"94"},{"name":"T&S Communications","rank":35,"slug":"t-s-communications","score":"93"},{"name":"Huagong Tech","rank":55,"slug":"huagong-tech","score":"90"},{"name":"Prysmian","rank":56,"slug":"prysmian","score":"89.5"}],"stage":null,"state":"Jiangsu","aliases":["Zhongji Innolight","中际旭创","InnoLight Technology Corporation"],"country":"China","domains":[{"why":"Innolight develops and sells high-speed optical transceiver modules, including 800G and 1.6T, and silicon photonics chips for data-center and AI-cluster interconnects.","list":"AI Infra 100","rank":29,"tier":"member","layer":"Networking & interconnect","total":94,"domain":"AI Core","scores":{"gate_ne":["firepower"],"leverage":10,"position":10,"progress":8,"firepower":10,"commercial":10,"deployment":10,"production":10,"technology":8},"edition":"November 2026","segment":"Optical & photonic interconnect"}],"founded":null,"signals":[{"date":"2026-10-30","header":"Chinese optical communications suppliers sold off despite upbeat third-quarter earnings.","outlet":"SCMP Tech"},{"date":"2026-10-03","header":"InnoLight Technology completed its RMB 1.747 billion purchase of a 10.47% stake in Beijing Zhongshi Technology.","outlet":"Yicai"},{"date":"2026-09-30","header":"Zhongji Innolight completed its acquisition of a 10.47% stake in Zhongshi Technology.","outlet":"Yicai"},{"date":"2026-09-22","header":"Zhongji Innolight topped A-share margin purchases with RMB 2.263 billion.","outlet":"Yicai"},{"date":"2026-09-21","header":"Zhongji Innolight topped A-share margin purchases with RMB 3.34 billion.","outlet":"Yicai"},{"date":"2026-09-18","header":"Innolight ranked first in margin purchases with RMB 2.761 billion bought.","outlet":"Yicai"}],"website":"innolight.com","category":"AI Infra · Networking & interconnect","categories":[{"name":"Optical & photonic interconnect","domain":"AI Core","parent":"AI Infra · Networking & interconnect"}],"last_round":null,"updated_at":"2026-10-31T10:00:58.804+00:00","facts_total":11,"positioning":"Innolight (Zhongji Innolight, SZSE 300308) is the largest optical transceiver maker in the world and the single most important name previously absent from the registry's interconnect coverage. FY2024 revenue RMB 23.86bn (up 122.6 percent), net profit RMB 5.17bn (up 137.9 percent); FY2025 revenue RMB 38.24bn (up 60.3 percent), net profit up 108.8 percent, transceiver gross margin rising 34.65 to 42.61 percent. Q1 2026 was extraordinary: revenue RMB 19.5bn (USD 2.9bn, up 192 percent), net profit RMB 5.7bn (USD 850m, up 262 percent) at a record 46 percent gross margin, that single quarter's profit exceeding all of 2024. Overseas revenue, predominantly North America, is above 86 percent. It shipped roughly 3 million 1.6T units in FY2025 for more than 50 percent global share and locked up around 70 percent of Lumentum's 12-million-unit EML chip capacity; about 35 percent of 800G shipments in 2026. The most diversified of the Chinese three: self-developed silicon photonics chips at 95 percent yield cutting costs 30 percent, 1.6T already shipping on silicon photonics, plus active NPO, CPO and optical circuit switching. Momentum is 4 rather than 5 because it was added to a Pentagon list, and CPO is a structural threat to the pluggable model even if large-scale replacement is seen as distant. Named customers NVIDIA, Google and Microsoft.","sub_category":"Optical & photonic interconnect","signals_total":10,"url":"https://www.frontiertechintelligence.com/companies/innolight","title":"Innolight · ai core, Suzhou, Jiangsu, China · scores, facts and signals · Frontier Tech Intelligence","description":"Innolight develops and sells high-speed optical transceiver modules, including 800G and 1.6T, and silicon photonics chips for data-center and AI-cluster interconnects. AI Infra 100 rank 29 (score 94) 10 signals and 11 facts with sources.","publisher":"Frontier Tech Intelligence (Future Frontiers, a trade name of Essential Cognition Inc.)","note":"Assessment by Frontier Tech Intelligence; facts and signals carry their sources."}