Bank of America forecasts 800G demand to reach 50-60 million units and 1.6T demand 30 million units in 2026, with the industry only able to satisfy 70-80% and 50-60% of these demands, respectively. Silicon Photonics penetration is expected to hit 50% for 800G and 60% for 1.6T by 2026, while near-packaged and extra-dense pluggable optics volume shipments are anticipated to begin in 2027. The industry faces tight supply for EML, DSP, and faraday rotators, with laser shortages projected to persist into 2027.