Palomino Laboratories (PALX) stock price is $14.00, down 2.23% on the day, as of Oct 15, 2026. It has a market cap of $93.95Mn, and is classified in the Semiconductor Design industry (Technology sector).
Enterprise Value
Margins
P/FCF
Key Stats
Market Cap93.95 Mn
Add ratio to table…
About
Palomino Laboratories Inc. is a pre-revenue technology company developing optical transceiver devices that use gallium nitride microLEDs to transmit data using light instead of traditional copper wires. The company's core activities focus on creating compact, high-speed, and energy-efficient data communication solutions for advanced computing systems such as artificial intelligence servers, cloud computing platforms, and supercomputers. Palomino Laboratories Inc. aims to…
Palomino Laboratories Inc. is a pre-revenue technology company developing optical transceiver devices that use gallium nitride microLEDs to transmit data using light instead of traditional copper wires. The company's core activities focus on creating compact, high-speed, and energy-efficient data communication solutions for advanced computing systems such as artificial intelligence servers, cloud computing platforms, and supercomputers. Palomino Laboratories Inc. aims to overcome the bandwidth, thermal, and signal limitations of existing interconnect technologies by integrating its microLED-based optical I/O directly at the chip level.
Palomino Laboratories Inc. generates revenue through the licensing and sale of its proprietary optical interconnect technology, including microLED chip designs, integration processes, and packaging intellectual property. The company plans to commercialize its products via a fabless business model, designing and marketing semiconductor products while outsourcing manufacturing to third-party foundries. Revenue will be derived from direct sales to hyperscale data center operators, AI hardware vendors, and original equipment manufacturers, as well as through strategic distribution partnerships and joint development agreements with key industry players.
The company operates through the following segments:
Optical Interconnect Solutions. This segment encompasses the research, development, and commercialization of gallium nitride microLED-based optical transceiver devices designed for short-reach, high-bandwidth data communication. Activities include designing microLED arrays capable of modulating light at speeds suitable for PCIe Gen 6+ and Ethernet backplanes, integrating these devices with silicon photonics and wavelength division multiplexing technologies, and developing packaging solutions that enable chiplet-scale optical I/O for use in AI/ML infrastructure, high-performance computing systems, and hyperscale data centers.
Palomino Laboratories Inc. holds a differentiated position in the optical interconnect industry by leveraging gallium nitride microLED technology, which offers advantages over traditional vertical-cavity surface-emitting laser and edge-emitting laser solutions in terms of scalability, packaging simplicity, and integration compatibility. The company competes with established players such as Lumentum Holdings Inc., Coherent Corp., Broadcom Inc., and OSRAM Opto Semiconductors Inc., while also positioning itself against emerging microLED-focused competitors like Avicena Tech. Palomino Laboratories Inc. believes its leadership in gallium nitride materials, proprietary device architectures, and fabless business model provides a unique path to achieving superior energy-per-bit performance and cost-effective mass production.
Palomino Laboratories Inc. serves customers in the hyperscale data center, artificial intelligence and machine learning infrastructure, high-performance computing, semiconductor chiplet architecture, and networking original equipment manufacturer sectors. Specific customer engagements include technical discussions with Tier 1 hyperscale operators such as Amazon, Microsoft, Google, and Meta, as well as AI hardware vendors and data center operators targeted for pilot deployments and joint development agreements.
Sector:TechnologySector rationaleThe company designs and develops optical transceiver devices and microLED chip designs for data communication in AI servers and cloud platforms. Its revenue model is based on the sale and licensing of semiconductor intellectual property and hardware designs, which falls squarely within the Technology sector's scope for semiconductors and networking equipment.Industries:Semiconductor DesignSemiconductor DesignPrimaryPalomino Laboratories designs gallium nitride microLED-based optical transceiver devices and chip designs using a fabless business model. The company generates revenue from the licensing and sale of these proprietary semiconductor designs while outsourcing manufacturing to third-party foundries.Server and Storage HardwareServer and Storage HardwareSecondaryThe company's products are specifically designed for deployment in AI servers, cloud computing platforms, and hyperscale data centers to overcome bandwidth and thermal limitations of existing interconnects.Classified using BQ-MICSCIK: 0001938569
Peer percentiles
How Palomino Laboratories ranks
Ranked against the 104 companies in Semiconductors·58 metrics · as of Oct 16, 2026
Valuation
12 metrics · Lower multiples rank higher; a negative multiple ranks last
WorseBetterPeer median
P/E—Median 45.6xNo data—
P/FCF—Median 40.3xNo data—
P/Operating cash flow—Median 34.5xNo data—
P/S—Median 6.96xNo data—
P/B11.6xMedian 4.51x21st
P/Tangible book11.6xMedian 4.73x25th
EV/EBITDA—Median 29.3xNo data—
EV/EBIT—Median 41.0xNo data—
EV/Revenue—Median 7.62xNo data—
EV/FCF—Median 41.0xNo data—
EV/Operating cash flow—Median 36.1xNo data—
PEG (3Y EPS CAGR)—Median 2.48No data—
Growth
14 metrics · Year-on-year growth and three-year compound annual growth