Lumentum Holdings

Lumentum Holdings, Inc. engages in the provision of optical and photonic products. It operates through the Optical Communications (OpComms) and Commercial Lasers segments. The OpComms segment includes a range of components, modules, and subsystems to support customers including carrier networks of access (local), metro (intracity), long-haul (city-to-city and worldwide), and submarine (undersea) applications. The Commercial Lasers segment focuses on serving customers in markets and applications such as sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining such as drilling in printed circuit boards, wafer singulation, glass cutting, and solar cell scribing. The company was founded on February 10, 2015, and is headquartered in San Jose, CA.

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Lumentum Holdings Inc. reports under-shipping in Q3 earnings call

Lumentum Holdings Inc. (LITE) reported under-shipping and gross margin pressures in Q3. Despite challenges in inventory levels and a slowdown in certain business segments, the Company remains focused on long-term growth opportunities, including AI build-out and subsea cable deployment.

Lumentum Holdings surpasses revenue guidance, faces margin challenges

Lumentum Holdings showcased strong performance in Telecom and Commercial Lasers, exceeding revenue guidance.
Challenges include declining gross margins, ongoing supply chain issues, and softness in Datacom demand.
Opportunities lie in margin recovery, technology expansion, and addressing pricing pressures through customer agreements.
Overall, the company anticipates exceeding synergy savings targets and expects growth in key business segments.

Lumentum Holdings navigates revenue challenges, eyes LiDAR market growth

Lumentum Holdings remains confident in its market positions and long-term gross margin targets despite recent challenges. The company is focused on innovation to meet evolving customer needs and expects demand recovery in the second half of the calendar year.

Lumentum Holdings reports strong Q4 performance and eyes growth opportunities

Lumentum Holdings delivered a strong Q4 performance, with revenue up 3% and EPS exceeding guidance ranges.
While facing challenges in gross margin and underutilization, strategic initiatives are in place to drive improvement.
The company's focus on customer partnerships, innovation in photonics products, and expectations for revenue growth present promising opportunities.
Overall, Lumentum's performance reflects resilience amidst challenges and a strategic outlook towards future growth and market trends.

Lumentum Holdings reports Q1 revenue decline, eyes growth opportunities

Lumentum Holdings' Q1 performance reflects a mix of revenue declines and segment growth, with a positive outlook for Q2 and calendar '24. The Cloud Light acquisition is seen as a strategic move with immediate benefits and growth potential. Challenges include meeting demand post-acquisition and addressing telco softness.

Lumentum Holdings reports robust Q2 earnings, eyes expansion opportunities

Lumentum Holdings' Q2 performance was driven by strong revenue, with a focus on expanding manufacturing capacity and introducing new product designs. Despite challenges in certain segments, the company remains confident in its position in the data center market and anticipates growth opportunities in telco inventory recovery and production capacity expansion.

Lumentum reports mixed Q3 results, eyes datacom growth opportunities

Lumentum's Q3 '24 showed mixed revenue performance with growth in cloud networking but challenges in telecom.
The company's focus on expanding manufacturing capacity and strategic growth plans are key strengths.
Challenges include telecom revenue struggles and the need for a steep recovery in the telco business.
Opportunities lie in datacom business growth, revenue milestones, and capacity expansions to support growth.

Lumentum Holdings exceeds Q4 expectations, eyes $500M revenue milestone

Lumentum Holdings excelled in Q4, focusing on cloud business growth and capacity expansion. Challenges include meeting demand for optical transceivers and components. Opportunities exist in expanding technologies and customer base for future growth.

Lumentum Holdings surpasses Q1 expectations, eyes cloud expansion for growth

Lumentum Holdings delivered strong financial performance in Q1, exceeding revenue and earnings expectations, with a positive outlook for Q2 revenue and margins.
The company's strategic focus on expanding cloud and AI opportunities, along with investments in R&D and technology advancements, positions it well for future growth.
While facing challenges in the Industrial Tech segment and operational efficiency, Lumentum is leveraging opportunities in cloud demand, photonics technology, and vertical integration.
Confidence in revenue growth targets and commitment to innovation underscore Lumentum's resilience and potential for sustained success in the market.

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Lumentum Holdings, Inc. engages in the provision of optical and photonic products. It operates through the Cloud and Networking, and Industrial Tech segments. The Cloud and Networking segment refers to a portfolio of optical and photonic components, modules, and subsystems. The Industrial Tech segment includes solid-state lasers, kilowatt-class fiber lasers, ultrafast lasers, diode lasers, and gas lasers. The company was founded on February 10, 2015 and is headquartered in San Jose, CA.

Apple

A big order cancellation is likely to hurt its results for the next two quarters. There is some softness in demand among other data center component makers, too.

Lumentum Stock Tanks on Revenue Downgrade -- Was Apple the Culprit, or Someone Else?

Lumentum's stock tumbled after the company released its Q2 earnings report. Its cyclical challenges, competitive threats, and customer concentration issues are difficult to overlook.

Is Lumentum Stock a Buy Now?

Lumentum Holdings Inc. shares dropped toward their lowest closing price since 2019 on Thursday amid concerns that inventory backups that have plagued different sectors of tech have spread to the telecommunications industry.

Lumentum stock heads for lowest price since 2019 as component glut seems to spread to telecom sector

The company said a major customer decided to not take shipments initially planned for its fiscal third quarter.

Lumentum Sinks on Weaker Sales Outlook, Downgrade

Lumentum Holdings has warned investors of a weaker March quarter after the cancellation of a major order. The San Jose-based optical and photonic products lowered its fiscal 3Q revenue range to between $380 and $384 million, compared to the company's previous expectation of $430 to $460 million.

Lumentum stock suffers from warning of weaker fiscal 3Q

Ciena

Ciena Corp. reaffirmed its outlook Thursday after optical-networking component maker Lumentum Holdings Inc. lowered its own forecast the previous afternoon, citing an order cancellation from a major customer.

Ciena's stock pares losses as company reiterates forecast after Lumentum warning

Lumentum (NASDAQ: LITE ) stock is falling on Thursday after the optical and photonic company announced preliminary results for its fiscal third quarter of 2023. The big news here is the company expecting revenue for the quarter to range from $380 million to $384 million.

Why Is Lumentum (LITE) Stock Down 14% Today?

Lumentum, a maker of fiber-optic components, pre-announced weak March quarter results tied to an order cancellation analysts believe involved Ciena. The post Lumentum Pre-Announces Weak Quarter On Ciena Order Cancellation appeared first on Investor's Business Daily.

Lumentum Pre-Announces Weak Quarter On Ciena Order Cancellation

Costco

Markets were mixed again on Wednesday. Costco reported disappointing sales figures for March 2023.

Why Costco and Lumentum Fell After Hours on Wednesday

Lumentum Inc. LITE, -2.17% shares dove nearly 10% in after-hours trading Wednesday, following disclosure of an expected shortfall in its fiscal third-quarter revenue. The maker of optical-networking components said in a release that a corporate customer cancelled an order late in the quarter that will cause the company to miss its stated revenue projection.

Lumentum stock sinks nearly 10% after forecast revision

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum") today announced selected unaudited preliminary financial results for its fiscal third quarter ended April 1, 2023. All information in this press release is approximate due to the preliminary nature of the announcement and is subject to normal quarter-end accounting review.

Lumentum Announces Preliminary Financial Results and Reporting Date for Fiscal Third Quarter 2023, and Increased Share Repurchase Program

IPG Photonics

The Zacks Laser Systems and Components industry participants like IPG Photonics (IPGP) and Lumentum (LITE) gain from solid demand for emerging applications like autonomous driving, IoT and 5G amid supply-chain disruptions.

2 Laser Stocks to Watch in a Challenging Industry

Advancing digital connections through innovative optical transport and transmission products and exceptional performance SAN JOSE, Calif. , March 16, 2023 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, has received the 2022 Excellent Core Partner Award from FiberHome Telecommunications Technologies Co. Ltd.

Lumentum Receives "Excellent Core Partner Award" from FiberHome

Lumentum Holdings beat earnings expectations by implementing cost discipline and leveraging synergies from acquisitions. The company faces broad-based demand weakness, including reduced demand for datacom modules and 3D sensing.

Lumentum Holdings: Good Long-Term Potential But Near-Term Is Uncertain

Live Product Demonstrations of TSFP28, 10G OTN, and Coherent CFP2 BiDi Transceivers SAN JOSE, Calif. , March 6, 2023 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, today announced it will highlight its portfolio of full band optical tunable transceivers in a live product demonstration, including 10G optical transport network (OTN) SFP+, 25G T-SFP28, and 100G coherent CFP2-DCO bi-directional (BiDi) transceiver modules at the 2023 Optical Fiber Communication Conference (OFC) in San Diego, California from March 5 - 9, 2023.

Lumentum Introduces a Broad Portfolio of Tunable Optical Transceivers Serving Network Edge Evolution

SAN JOSE , March 3, 2023 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, today announced that several of its thought leaders will participate in technical sessions and panel discussions at the Optical Fiber Communication Conference (OFC) being held in San Diego, California from March 5 - 9, 2023. Lumentum speakers will discuss industry trends accelerating the transition to 800G and beyond, and enabling cost-effective capacity growth, performance and revenue potential for coherent optical networks.

Lumentum Thought Leaders to Present at OFC 2023

Lumentum introduces its latest innovative solutions and showcases technology and partner demonstrations SAN JOSE, Calif. , March 3, 2023 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), today announced its wide-scale presence at this year's Optical Fiber Communication Conference (OFC), the largest global conference and exhibition for optical communications, being held in San Diego, California from March 5 - 9, 2023.

Scaling Photonics to New Heights: Lumentum at OFC 2023

SAN JOSE, Calif. , Feb. 28, 2023 /PRNewswire/ -- Open XR Forum announced today that Hisense Broadband, KDDI, Lumentum and Viettel have joined the industry initiative to advance the deployment of software-configurable point-to-point and point-to-multipoint coherent optical networks utilizing industry-defined XR optics pluggable transceiver technology.

Open XR Forum Gains Momentum with New Members Hisense Broadband, Lumentum, KDDI and Viettel

SAN JOSE, Calif. , Feb. 23, 2023 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, today announced the appointment of Pamela Fletcher as an independent member of the Company's Board of Directors, effective immediately.

Lumentum Announces Appointment of New Board Member

Ranked among top 1% of companies assessed by EcoVadis SAN JOSE, Calif. , Feb. 15, 2023 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, announced today that it has received the EcoVadis Platinum Medal, the highest recognition level at EcoVadis for sustainability performance.

Lumentum Awarded the Platinum EcoVadis Medal for Sustainability Performance

First-to-Market Laser Transmitters for Next-Generation Data Center Applications Receive Another Industry Win SAN JOSE, Calif. , Feb. 13, 2023 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, announced today that its 200G PAM4 externally-modulated lasers (EMLs) were recognized by the 2023 Lightwave Innovation Reviews.

Lumentum 200G PAM4 EMLs Honored by 2023 Lightwave Innovation Reviews

Is Lumentum (LITE) a great pick from the value investor's perspective right now? Read on to know more.

Is Lumentum (LITE) a Great Stock for Value Investors?

Lumentum Holdings Inc. (NASDAQ:LITE ) Q2 2023 Earnings Conference Call February 9, 2023 8:30 AM ET Company Participants Kathy Ta - Vice President of Investor Relations Alan Lowe - President and Chief Executive Officer Wajid Ali - Chief Financial Officer Chris Coldren - Senior Vice President and Chief Strategy and Corporate Development Officer Conference Call Participants Simon Leopold - Raymond James Tom O'Malley - Barclays Christopher Rolland - SIG Samik Chatterjee - J.P. Morgan Alex Henderson - Needham Meta Marshall - Morgan Stanley George Notter - Jefferies Ruben Roy - Stifel Nicolaus Ananda Baruah - Loop Capital Vivek Arya - Bank of America Merrill Lynch Michael Genovese - Rosenblatt Operator Good day, everyone, and welcome to the Lumentum Holdings' Second Quarter Fiscal Year 2023 Earnings Call.

Lumentum Holdings Inc. (LITE) Q2 2023 Earnings Call Transcript

Lumentum (LITE) delivered earnings and revenue surprises of 14.29% and 0.03%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Lumentum (LITE) Tops Q2 Earnings Estimates

Net revenue of $506.0 million GAAP gross margin of 32.8%; Non-GAAP gross margin of 44.9% GAAP operating loss of 4.3%; Non-GAAP operating margin of 23.1% GAAP diluted net loss per share of $0.46; Non-GAAP diluted net income per share of $1.52 SAN JOSE, Calif. , Feb. 9, 2023 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal second quarter ended December 31, 2022.

News for Lumentum Holdings Stock (LITE)