Coherent vs Lumentum: AI supply-chain exposure compared
The verdict
Coherent carries the heavier AI-chain exposure (Coherent 71/100 vs Lumentum 55/100). They share 3 parts of the chain — including Photonic components, Indium phosphide, Optical circuit switching. Coherent owns more of a bottleneck (1 vs 0).
Based on 4 mapped exposures for Coherent and 3 for Lumentum.
CoherentCOHR · Materials- Chain weight
- 71/100
- Parts exposed
- 4
- Layers spanned
- 1
- Bottlenecks owned
- 1
LumentumLITE · Materials- Chain weight
- 55/100
- Parts exposed
- 3
- Layers spanned
- 1
- Bottlenecks owned
- 0
Where they overlap
Only Coherent
Frequently asked
Is Coherent or Lumentum more exposed to the AI supply chain?
Coherent, on the model's chain-weight (Coherent 71/100 vs Lumentum 55/100).
What do Coherent and Lumentum have in common in the AI chain?
Both are exposed to Photonic components, Indium phosphide, Optical circuit switching.
How is this Coherent vs Lumentum comparison made?
From THE ENTITY's model of the AI value chain — each company's exposures to the parts of the chain, weighted by how central those parts are and its role. Structural, not a price target.
A structural comparison from our model of the AI value chain — illustrative, not investment advice.
as of 2026-07-17Medium confidence model v0.7.0