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.

Innovative design enables higher throughput, precision, flexibility, and reliability SAN JOSE, Calif. , April 21, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of commercial and industrial laser systems, announced today it has added a new femtosecond laser system to its portfolio of high-precision ultrafast industrial lasers—the FemtoBladeTM.

Lumentum Introduces High-Precision FemtoBlade™ Laser System

Lumentum commits to a lighter footprint and achieves LEED Silver certification for its San Jose headquarters SAN JOSE, Calif. , April 14, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, announced today that it has achieved LEED ® (Leadership in Energy and Environmental Design) Silver certification for its headquarters building in San Jose, California.

Lumentum Receives Prestigious LEED® Silver Certification

SAN JOSE, Calif. , April 12, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal third quarter 2022 financial results on Wednesday, May 4, 2022, before the market opens.

Lumentum to Announce Fiscal Third Quarter 2022 Financial Results on May 4, 2022

Enabling flexibility and scalability with innovative LiDAR and 3D sensing solutions SAN JOSE, Calif. , April 7, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a leading provider of vertical-cavity surface-emitting laser (VCSEL) arrays for light detection and ranging (LiDAR) and 3D sensing applications, today announced the M Series multi-junction VCSEL arrays for next-generation automotive, industrial LiDAR, and 3D sensing applications and availability of the first M Series product, the M51-100 905 nm 70 W multi-junction VCSEL array.

Lumentum Announces Latest Series of High-Performance Multi-Junction VCSEL Arrays for Advanced Mobility and Industrial Applications

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (“Lumentum”), a market-leading designer and manufacturer of innovative optical and photonic products, and Ayar Labs Inc. (“Ayar Labs”), a leader in chip-to-chip optical connectivity, today announced that they have entered into a strategic collaboration agreement to deliver CW-WDM MSA compliant external laser sources in high volume. These light sources are critical to power Ayar Labs' optical I/O solution, which delivers breakthrough band

Lumentum and Ayar Labs Announce Strategic Collaboration to Supply External Light Sources for Co-packaged Optical Interconnect Solutions

SAN JOSE and SAN DIEGO, Calif., March 7, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, will participate in partner demonstrations and highlight its comprehensive portfolio of future-ready solutions at the Optical Fiber Communication Conference (OFC) 2022 in San Diego from March 8 - 10, 2022 at the Lumentum booth #3415 and partner booths.

Lumentum to Demonstrate and Preview Innovations at OFC 2022

SAN JOSE, Calif., March 3, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") (NASDAQ: LITE) today announced the pricing of $750 million aggregate principal amount of convertible senior notes due 2028 (the "notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Act").

Lumentum Holdings Inc. Announces Pricing of $750 Million Convertible Notes Offering

SAN JOSE, Calif., March 3, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") (NASDAQ: LITE) today announced that its Board of Directors has authorized an increase of its share repurchase program to $1 billion which is currently underway and will now expire in May 2024.

Lumentum Increases Share Repurchase Authorization to $1 Billion

SAN JOSE, Calif. , March 3, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") (NASDAQ: LITE) today announced its intention to offer, subject to market conditions and other factors, $750 million aggregate principal amount of convertible senior notes due in 2028 (the "notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Act").

Lumentum Holdings Inc. Announces $750 Million Convertible Notes Offering

SAN JOSE, Calif. and SAN DIEGO, March 2, 2022 /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 present on next-generation solutions and leading-edge trends in the optical communications industry at the Optical Fiber Communication Conference (OFC) in San Diego, Calif.

Lumentum Thought Leaders to Present at OFC 2022

SAN JOSE, Feb. 23, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced that management will host an investor and analyst briefing during the 2022 Optical Fiber Communication Conference and Exhibition (OFC). This overview of Lumentum's business, products and targeted markets will be held on Tuesday, March 8, 2022 at 9:00 a.m.

Lumentum to Host Investor and Analyst Briefing at OFC 2022

Cutera

CyberOptics

The Zacks Laser Systems and Components industry participants like CyberOptics (CYBE), Lumentum (LITE) and Cutera (CUTR) gain from solid demand for emerging applications like cloud computing, autonomous driving, IoT and 5G amid pandemic-induced supply chain disruptions.

3 Laser Stocks to Watch in a Challenging Industry

SAN JOSE, Calif., Feb. 3, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, announced today that Thai Prime Minister, Prayut Chan-o-cha, has presented Lumentum with the prestigious 2021 Prime Minister's Industry Award in the Productivity category.

LUMENTUM RECEIVES THAILAND PRIME MINISTER'S INDUSTRY AWARD FOR THE SECOND CONSECUTIVE YEAR

Lowe's

Lumentum Holdings' (LITE) CEO Alan Lowe on Q2 2022 Results - Earnings Call Transcript

Lumentum (LITE) delivered earnings and revenue surprises of 0.63% and 0.02%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Lumentum (LITE) Q2 Earnings and Revenues Beat Estimates

Lumentum Holdings Inc  LITE reported second-quarter FY22 revenue of $446.7 million, down 6.7% year-on-year, beating the consensus of $445.5 million. Optical Communications revenue declined 11.5% Y/Y to $397.4 million, and Lasers revenue rose 66% Y/Y to $49.3 million.

Lumentum Shares Dip On Weak Q3 Outlook; Tops Q2 Consensus; Margins Shrink Due To Supply Crisis

SAN JOSE, Calif., Feb. 3, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal second quarter ended January 1, 2022.

LUMENTUM ANNOUNCES FISCAL SECOND QUARTER 2022 FINANCIAL RESULTS

Lumentum (LITE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Lumentum (LITE) Ahead of Earnings?

NeoPhotonics

SAN JOSE, Calif.--(BUSINESS WIRE)--NeoPhotonics Corporation (NYSE: NPTN) (“NeoPhotonics”), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high speed communications networks, stated that today the NeoPhotonics stockholders approved the merger agreement under which Lumentum Holdings Inc. (NASDAQ: LITE) ("Lumentum") will acquire NeoPhotonics. Stockholders also approved other proposals relating t

NeoPhotonics Stockholders Approve Merger Agreement with Lumentum

SAN JOSE, Calif., Jan. 21, 2022 /PRNewswire/ -- Lumentum Holdings Inc. (NASDAQ: LITE) ("Lumentum") and NeoPhotonics Corporation (NYSE: NPTN) ("NeoPhotonics") today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") with respect to Lumentum's pending transaction with NeoPhotonics.

Lumentum and NeoPhotonics Announce HSR Clearance

SAN JOSE, Calif., Jan. 18, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal second quarter 2022 financial results on Thursday, February 3, 2022, before the market opens.

Lumentum to Announce Fiscal Second Quarter 2022 Financial Results on February 3, 2022

SHANGHAI and SAN JOSE, Calif., Jan. 5, 2022 /PRNewswire/ -- Hesai ("Hesai"), a global leader in light detection and ranging (LiDAR) sensors, and Lumentum Holdings Inc. ("Lumentum"), a leading provider of vertical-cavity surface-emitting laser (VCSEL) arrays for 3D sensing and other applications, today announced their partnership on hybrid solid-state directional LiDAR solutions for advanced driver-assistance systems (ADAS).

Hesai and Lumentum Partner on Next-Generation LiDAR Solutions

Ciena

Clearfield

Extreme Networks

iShares North American Tech-Multimedia Networking ETF

Infinera

iShares North American Tech-Multimedia Networking ETF (IGN) topped the list of best-performing U.S. equity ETFs in December, gaining about 13%.

Best-Performing Stocks of the Top U.S. ETF of December

Lumentum (LITE) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Lumentum (LITE) Soars 3.7%: Is Further Upside Left in the Stock?

SAN JOSE, Calif., Dec. 2, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, announced today that ZTE Corporation ("ZTE"), a major international provider of telecommunications, enterprise, and consumer technology solutions for the mobile internet, presented Lumentum with the Best Comprehensive Performance Award during the 2022 ZTE Global Partners Day.

News for Lumentum Holdings Stock (LITE)