POET Technologies Faces Marvell-Linked Order Cancellations but Highlights New $5 Million Deal
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The latest announcement is out from POET Technologies ( (POET) ).
On April 27, 2026, POET Technologies disclosed that Marvell Semiconductor, which acquired its customer Celestial AI, cancelled all existing purchase orders previously placed by Celestial AI, including initial production units first announced in April 2023. Marvell cited POET’s alleged breach of confidentiality obligations related to disclosures about the orders and shipping details as the basis for the cancellation, introducing fresh uncertainty around a once-flagship customer relationship and highlighting counterparty and disclosure risk for investors.
The company said it remains focused on its strategic priorities in AI and optical networking, emphasizing continued product development and deliveries to other customers. Management pointed in particular to a recently announced purchase order worth about $5 million from another technology company, a move aimed at reassuring stakeholders that POET is diversifying its customer base and working to offset the revenue impact of the Celestial AI order cancellations.
Spark’s Take on POET Stock
According to Spark, TipRanks’ AI Analyst, POET is a Neutral.
The score is held back primarily by weak financial performance: very large ongoing losses, negative cash flow, and negative returns despite improving revenue growth. Technicals are a key offset, with strong momentum and the stock trading above major moving averages. Valuation remains constrained by unprofitability (negative P/E) and no dividend support.
To see Spark’s full report on POET stock, click here.
More about POET Technologies
POET Technologies Inc. is a design and development company focused on high-speed optical engines, light source products and custom optical modules for artificial intelligence systems and hyperscale data centers. Its patented POET Optical Interposer platform enables chip-scale integration of photonic and electronic devices using advanced semiconductor manufacturing processes, targeting the fast-growing AI and optical networking markets.
Average Trading Volume: 13,706,231
Technical Sentiment Signal: Buy
Current Market Cap: $2.31B
See more insights into POET stock on TipRanks’ Stock Analysis page.
