Lumentum Overview: Stellar Q2 and strategic market position.
Lasers: Demand-supply gap, market dominance, 200G EML, and Coherent competition.
UHP Lasers for CPO (Scale-Out): Multi-hundred million dollar order, key customers, and the ELSFP market.
Optical Circuit Switches (OCS): Exceeding expectations, $400M order backlog, and key use cases.
Optical Scale Up: The "generational game changer," first CPO shipments, reasons for CPO's advantage over copper, and the roadmap to full optical displacement.