Below are some interesting points on CPO from the $FORM earnings call:

English summary

They attributed nearly doubling system revenue to the 'accelerated growth of co-packaged optics or CPO.' Q1 2026: 'We now expect 2026 CPO revenue to be at the high end of the $10-20 million range.' Q2 2026 (now): 'We expect to exceed that range by the end of Q3 and significantly exceed the $20 million level for the full year.' Management said 'we are seeing significant acceleration in this [CPO] business.' Q: CPO adoption outlook. Could we possibly expect a slight acceleration in the timeline? A: 'I would say there is a very short-term acceleration here.' But management said the timeline has not significantly moved up. Cited production infrastructure (not just R&D) for: - Planned growth in CPO chips later this year + test insertion for scaling and expanding switches. ...