Prysmian: Feedback from fibre expert call

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Prysmian: Feedback from fibre expert call

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Prysmian

Feedback from fibre expert call

Reiterate Rating: BUY | PO: 175.00 EUR | Price: 136.55 EUR

Fibre Expert call with ex Corning CCO 10 July 2026

We hosted an expert call with Kim Hartwell, former Senior Vice President & Chief Equity

Commercial Officer at Corning Inc. We discussed fibre optics opportunity for scale out,

Uma Samlin >>

up and across, the competitive landscape for fibre optic cables, the supply and demand Research Analyst

landscape, the hyperscaler opportunities and margin economics in AI data centre MLI (UK) +44 20 7995 1964

buildout. Our takeaway is that the supply/demand balance is likely to remain attractive uma.samlin@bofa.com

for optic fibre and cable manufacturers due to significant growth potential in fibre Wamsi Mohan

density with new AI chip architecture, and the strong preference for reliability could Research Analyst BofAS

favour domestic suppliers such as Prysmian and Corning. +1 646 855 3854

wamsi.mohan@bofa.com

Benjamin Heelan >>Key takeaways from the fibre expert call Research Analyst

AI is becoming the primary growth driver for fibre demand. While traditional FTTH Merrill Lynch (DIFC)

markets remain important, the strongest growth is now coming from AI data centers, +44benjamin.heelan@bofa.com20 7996 5723

where fibre density per deployment is increasing materially. AI clusters require Alexander Jones, CFA >>

significantly more single-mode fibre (SMF) due to the scaling of GPU deployments, Research Analyst

MLI (UK)

higher bandwidth and increasingly complex interconnect architectures. +44 20 7995 5828

alexander.jones2@bofa.com

Hyperscaler architectures are still in an early phase of development. Each major Aron Ceccarelli >>

customer (e.g.