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Optical Connectivity '26: Photonics Equipment
7 tickers · $759.55B total market cap
Group: Optical Connectivity
The theme capitalizes on the accelerating demand for photonic equipment and materials driven by AI data center expansion and the transition to co-packaged optics (CPO). Infrastructure bottlenecks and underinvestment create significant opportunities for upstream suppliers, despite cyclical headwinds in some legacy markets.
Optical Connectivity '26: Photonics Equipment tracks 7 publicly listed stocks in this theme: 8035.T, AIXA.XETRA, AMAT, ASM.AS, KLAC, SMHN.XETRA, VECO. See the constituent table for details.
Thesis update: 2026-03-14
Constituents
Build 20260519T212339
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
Applied Materials, Inc.AMAT | 05/14/2026 (AMC) | 05/14/2026 (AMC) | 8.08% | 0.00% | 24.13% | -6.80% | $328.21B | 14.2857 |
KLA CorporationKLAC | 04/29/2026 (AMC) | 04/29/2026 (AMC) | -15.24% | -3.24% | 27.19% | -0.56% | $229.44B | 14.2857 |
Tokyo Electron Limited8035.T | 04/30/2026 (BMO) | 04/30/2026 (BMO) | 0.00% | 8.48% | 8.19% | -2.16% | $141.77B | 14.2857 |
ASM International N.V.ASM.AS | 04/21/2026 (AMC) | 04/21/2026 (AMC) | 5.18% | 6.27% | 10.17% | -0.76% | $48.13B | 14.2857 |
Aixtron SeAIXA.XETRA | 04/30/2026 (BMO) | 04/30/2026 (BMO) | 13.70% | 5.46% | 60.30% | 5.83% | $6.62B | 14.2857 |
Veeco Instruments Inc.VECO | 05/05/2026 | 05/05/2026 | 7.38% | 21.76% | 62.11% | -11.81% | $3.40B | 14.2857 |
SÃSS MicroTec SESMHN.XETRA | 05/07/2026 (AMC) | 05/07/2026 (AMC) | 6.08% | 9.30% | 75.02% | -4.46% | $1.98B | 14.2857 |
| Average | 3.59% | 6.86% | 38.16% | -2.96% | $108.51B | 14.2857 | ||
| Median | 6.08% | 6.27% | 27.19% | -2.16% | $48.13B | 14.2857 | ||
| Std Dev | 8.56% | 7.39% | 25.13% | 5.13% | $119.78B | 0.0% | ||
| Min | -15.24% | -3.24% | 8.19% | -11.81% | $1.98B | 14.2857 | ||
| Max | 13.70% | 21.76% | 75.02% | 5.83% | $328.21B | 14.2857 | ||
| % Positive Tickers | 71.43% | 85.71% | 100.00% | 14.29% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.