---
type: "Topics"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/topics/39605305.md"
description: "The leading OCS company has over $400 million in backlog orders, with revenue expected to exceed $1 billion by 2027. Indium phosphide substrates remain in short supply with continuous price increases, North American fiber optic prices have started to rise, and advanced packaging inspection equipment is sold out for the entire year! The leading OCS (Optical Circuit Switching) manufacturer has a backlog exceeding $400 million, with deliveries expected in the second half of 2026. Revenue is projected to surpass $1 billion by 2027, with a forecasted shipment CAGR exceeding 150%. NVIDIA has explicitly identified OCS as one of its future deployment directions, and OCP has already released standardized hardware/software interfaces and hybrid architecture specifications. The upstream indium phosphide substrate segment is characterized by concentrated global supply and long capacity expansion cycles, with the supply-demand imbalance continuing to drive up prices and gross margins. North American fiber optic market prices have begun to rise, the overseas revenue share of domestic manufacturers has increased significantly, and customer structures are undergoing fundamental changes.$AXT(AXTI.US)"
datetime: "2026-03-30T02:34:18.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39605305.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39605305.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39605305.md)
author: "[佩宁渊瑾财商成长系](https://longbridge.com/zh-CN/profiles/17154496.md)"
---

> 支持的语言: [English](https://longbridge.com/en/topics/39605305.md) | [繁體中文](https://longbridge.com/zh-HK/topics/39605305.md)


# The leading OCS company has over $400 million in b…


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- [AXT (AXTI.US)](https://longbridge.com/zh-CN/quote/AXTI.US.md)
- [NVIDIA (NVDA.US)](https://longbridge.com/zh-CN/quote/NVDA.US.md)

## 评论 (1)

- **xx是为了回本 · 2026-03-30T02:39:51.000Z**: Is a $3.3 billion valuation just the beginning? 🤣