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.

Lumentum's (LITE) fourth-quarter fiscal 2022 results reflect a positive impact from the commercial lasers business. However, growth decelerates due to weakness in the optical communications business.

Lumentum (LITE) Q4 Earnings Beat Estimates, Revenues Rise Y/Y

Lumentum Holdings Inc. (NASDAQ:LITE ) Q4 2022 Results Conference Call August 16, 2022 8:30 AM ET Company Participants Kathy Ta - VP, IR Alan Lowe - President and CEO Wajid Ali - EVP and CFO Chris Coldren - SVP, Chief Strategy and Corporate Development Officer Conference Call Participants Alex Henderson - Needham George Notter - Jefferies Simon Leopold - Raymond James Tom O'Malley - Barclays Meta Marshall - Morgan Stanley Christopher Rolland - Susquehanna Samik Chatterjee - JP Morgan Ananda Baruah - Loop Capital Tim Savageaux - Northland Capital Markets Richard Shannon - Craig-Hallum Michael Genovese - Rosenblatt Operator Good day, everyone, and welcome to the Lumentum Holdings Fourth Quarter Fiscal Year 2022 Earnings Call. All participants will be in listen-only mode.

Lumentum Holdings Inc. (LITE) CEO Alan Lowe on Q4 2022 Results - Earnings Call Transcript

Lumentum (LITE) delivered earnings and revenue surprises of 8.89% and 0.07%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Lumentum (LITE) Surpasses Q4 Earnings and Revenue Estimates

NeoPhotonics

Lumentum on Tuesday reported fiscal fourth-quarter earnings and sales that topped estimates. But LITE stock fell as EPS guidance came in below expectations.

Lumentum Stock Falls As EPS Outlook Misses Amid NeoPhotonics Purchase

Lumentum expects adjusted earnings for the fiscal first quarter of $1.45 to $1.70 a share, lower than estimates.

Apple Supplier Lumentum Issues Forecast Below Estimates

Shares of Lumentum Holdings Inc. LITE, +2.04% slumped 8.5% in premarket trading Tuesday, after the optical networking products company reported fiscal fourth-quarter earnings that beat expectations but provided a downbeat profit outlook for the current quarter. Net income for the quarter to July 2 rose to $34.7 million, or 49 cents a share, from $21.5 million, or 28 cents a share, in the year-ago period.

Lumentum stock slumps after earnings beat expectations but outlook was downbeat

Fiscal Fourth Quarter Highlights: Net revenue of $422.1 million GAAP operating margin of 13.1%; Non-GAAP operating margin of 28.8% GAAP diluted net income per share of $0.49; Non-GAAP diluted net income per share of  $1.47 Fiscal Year 2022 Highlights: Net revenue of $1.7 billion GAAP operating margin of 17.7%; Non-GAAP operating margin of 30.8% GAAP diluted net income per share of $2.68; Non-GAAP diluted net income per share of  $6.05 SAN JOSE, Calif. , Aug. 16, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal fourth quarter and full year ended July 2, 2022.

Lumentum Announces Fiscal Fourth Quarter and Full Year 2022 Results

IPG Photonics

SAN JOSE, Calif. , Aug. 15, 2022 /PRNewswire/ -- Lumentum Holdings Inc. (NASDAQ: LITE) (" Lumentum ") today announced that it has acquired IPG Photonics' (NASDAQ: IPGP) telecom transmission product lines in an all-cash transaction.

Lumentum Acquires IPG Photonics' Telecom Transmission Product Lines

Lumentum (LITE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Lumentum (LITE) Reports Next Week: Wall Street Expects Earnings Growth

SAN JOSE, Calif. , Aug. 3, 2022 /PRNewswire/ -- Lumentum Holdings Inc. (NASDAQ: LITE) ("Lumentum"), today announced that it has completed its previously announced acquisition of NeoPhotonics Corporation ("NeoPhotonics").

Lumentum Announces Completion of NeoPhotonics Acquisition

SAN JOSE, Calif. , July 29, 2022 /PRNewswire/ -- Lumentum Holdings Inc. (NASDAQ: LITE) ("Lumentum") and NeoPhotonics Corporation (NYSE: NPTN) ("NeoPhotonics") today announced, in connection with Lumentum's pending acquisition of NeoPhotonics, that Lumentum has obtained antitrust clearance from the People's Republic of China's State Administration for Market Regulation.

Lumentum and NeoPhotonics Announce Receipt of Antitrust Clearance in China and Expected Transaction Closing Date

Lumentum (LITE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Lumentum (LITE) Keep the Earnings Surprise Streak Alive?

SAN JOSE, Calif. , July 26, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal fourth quarter and fiscal year 2022 financial results on Tuesday, August 16, 2022, before the market opens.

Lumentum to Announce Fiscal Fourth Quarter and Fiscal Year 2022 Financial Results on August 16, 2022

Lumentum Holdings Inc. provides optical and photonic products for optical communications and commercial lasers for manufacturing, inspection, and life-science applications. The growing demand for Lumentum's products will likely bring Lumentum's revenue growth up. Automobiles, machine vision, biometric security, LiDAR, and driver monitoring are some of the new technologies.

Lumentum: Even With Some Risks, FCF Will Likely Push The Price Up

Alan Lowe, Lumentum President and CEO joins over 2,000 CEOs in unprecedented commitment to advance diversity and inclusion in the workplace SAN JOSE, Calif. , July 5, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, and its President and CEO, Alan Lowe, joins the growing coalition, CEO Action for Diversity & Inclusion™, to advance diversity and inclusion in the workplace.

Lumentum Joins CEO Action for Diversity & Inclusion™

IQE PLC (AIM:IQE), the semiconductor wafers supplier, said it has signed a multi-year contract with existing client Lumentum, effective immediately. The Welsh company will supply epiwafers supporting 3D sensing, LiDAR for automotive, and optical networking applications to its long-term customer.

IQE inks multi-year supply agreement with Lumentum Holdings

IQE announces multi-year strategic supply agreement with Lumentum

IQE plc: IQE announces multi-year strategic supply agreement with Lumentum

During the technology sell-off, Lumentum has not only been outperforming the technology sector, but is also outperforming the S&P 500. The reason is because the company has a competitive advantage when it comes to its laser-based 3D-sensing and optical networking solutions.

Lumentum: Because Lasers Have A Bright Future

The average of price targets set by Wall Street analysts indicates a potential upside of 25.5% in Lumentum (LITE). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

How Much Upside is Left in Lumentum (LITE)? Wall Street Analysts Think 25%

Lumentum Holdings Inc. (NASDAQ:LITE ) Q3 2022 Results Earnings Conference Call May 4, 2022 8:30 AM ET Company Participants Kathryn Ta - Vice President of Investor Relations Alan Lowe - President and Chief Executive Officer Wajid Ali - Executive Vice President and Chief Financial Officer Chris Coldren - Senior Vice President, Chief Strategy and Corporate Development Officer Conference Call Participants Simon Leopold - Raymond James & Associates Samik Chatterjee - J.P. Morgan Alex Henderson - Needham & Company George Notter - Jefferies & Co. Meta Marshall - Morgan Stanley Thomas O'Malley - Barclays Capital Rod Hall - Goldman Sachs Christopher Rolland - Susquehanna Michael Genovese - Rosenblatt Securities Ananda Baruah - Loop Capital Dave Kang - B.

Lumentum Holdings Inc. (LITE) CEO Alan Lowe on Q3 2022 Results - Earnings Call Transcript

Lumentum (LITE) delivered earnings and revenue surprises of 5.31% and 0.48%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Lumentum (LITE) Q3 Earnings and Revenues Surpass Estimates

Lumentum Holdings Inc (NASDAQ: LITE) reported third-quarter FY22 revenue of $395.4 million, down 5.7% year-on-year, in line with the consensus. Optical Communications revenue declined 11.3% Y/Y to $344.2 million, and Lasers revenue rose 62% Y/Y to $51.2 million.

Why Lumentum Shares Are Trading Higher Today

Shares of Lumentum Holdings Inc. LITE, -1.13% shot up 5.9% in premarket trading Wednesday, after the optical and photonic products company reported fiscal third-quarter results that beat expectations, citing accelerating demand, and provided an upbeat current-quarter outlook. Net income for the quarter to April 2 dropped to $26.0 million, or 35 cents a share, from $225.5 million, or $2.85 a share, in the year-ago period.

Lumentum stock jumps after profit and revenue beats, upbeat outlook

Net revenue of $395.4 million GAAP gross margin of 42.3%; Non-GAAP gross margin of 49.5% GAAP operating margin of 11.8%; Non-GAAP operating margin of 26.5% GAAP diluted net income per share of $0.35; Non-GAAP diluted net income per share of $1.19 SAN JOSE, Calif. , May 4, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal third quarter ended April 2, 2022.

Lumentum Announces Fiscal Third Quarter 2022 Financial Results

Lumentum exhibits latest high-precision, high-power ultrafast industrial lasers and industry-leading 3D sensing solutions  SAN JOSE, Calif. , April 25, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, announced today it will showcase demonstrations with industry-leading partners and its latest advanced laser solutions for industrial and 3D sensing markets at the LASER World of PHOTONICS trade fair in Munich, Germany, from April 26 - April 29, 2022 at the Messe Munchen Trade Fair Centre in Hall A6 – Stand: #330.

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