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.

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (“Lumentum” or the “Company”) today reported results for its fiscal first quarter ended September 30, 2023. “We are thrilled to welcome the talented Cloud Light team to Lumentum. In calendar 2024, we expect cloud applications will drive over 30 percent of our Cloud & Networking revenue, both within data centers and for data center interconnect. We anticipate year-over-year Cloud & Networking growth in calendar 2024, driven by acc.

Lumentum Announces Fiscal First Quarter 2024 Financial Results

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (NASDAQ: LITE) (“Lumentum”) today announced that it has completed its previously announced acquisition of Cloud Light Technology Limited (“Cloud Light”). “I am excited to add Cloud Light's high-speed optical transceiver products, differentiated technology, and talented team to Lumentum,” said Alan Lowe, Lumentum President and CEO. “Cloud operators have embraced this transaction, recognizing the enhanced customer value proposition it brin.

Lumentum Announces Completion of Cloud Light Acquisition

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (NASDAQ: LITE) (“Lumentum”) and Cloud Light Technology Limited (“Cloud Light”) today announced that they have entered into a definitive agreement under which Lumentum will acquire Cloud Light with a transaction value of approximately $750 million, subject to certain adjustments. At the time of closing, transaction consideration will be paid in cash and the assumption and substitution of outstanding unvested Cloud Light options. The trans.

Lumentum to Acquire Cloud Light to Accelerate Data Center Speed and Scalability

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal first quarter 2024 financial results on Wednesday, November 8, 2023, before the market opens. Lumentum will hold a conference call the same day at 5:30 a.m. PT/8:30 a.m. ET. A live webcast of the call and the replay will be available in the Investors section of the Lumentum website at http://investor.lumentum.com. To participate via telephone: Dial-In: (888) 575-5163 or (416) 7.

Lumentum to Announce Fiscal First Quarter 2024 Financial Results on November 8, 2023

Coherent Corp

Coherent and Lumentum are both leading laser and optical chip makers. Coherent is larger and operates a growing silicon carbide business.

Better Stock Buy: Coherent vs. Lumentum

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, today announced the publication of its fiscal 2023 Corporate Sustainability Report, highlighting the company's environmental, social, and governance progress and achievements. "During fiscal 2023, our talented teams around the world worked together to accelerate the design and development of cutting-edge processes and innovative products.

Lumentum Releases Fiscal 2023 Corporate Sustainability Report

Optical and photonics manufacturer Lumentum Holdings Inc. NASDAQ: LITE provides optical components and lasers to data centers, cloud providers, telecoms and the manufacturing industry. Its optical products enable telecom networks to transmit data and connect servers in data centers.

Lumentum Lights Up on the AI and ML Surge

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, is showcasing its latest solutions, conducting live demonstrations, and sharing industry perspectives at the European Conference on Optical Communication (ECOC) 2023 in Glasgow, Scotland, from October 2 – 4th. The Lumentum booth will be located at the Scottish Event Campus, in Hall Four, Stand #426. Exciting product highlights at the eve.

Lumentum Addresses Surge in AI and ML Data Traffic with High-Performance Optical Solutions at ECOC 2023

Although the revenue and EPS for Lumentum (LITE) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Lumentum (LITE) Reports Q4 Earnings: What Key Metrics Have to Say

Lumentum Holdings Inc. (NASDAQ:LITE ) Q4 2023 Earnings Conference Call August 17, 2023 8:30 AM ET Company Participants Kathy Ta - Vice President of Investor Relations Alan Lowe - President, Chief Executive Officer Wajid Ali - Chief Financial Officer Chris Coldren - Senior Vice President, Chief Strategy, Corporate Development Officer Conference Call Participants Meta Marshall - Morgan Stanley David Vogt - UBS Alex Henderson - Needham Samik Chatterjee - JPMorgan George Notter - Jefferies Michael Genovese - Rosenblatt Ananda Baruah - Loop Capital Tom O'Malley - Barclays Vivek Arya - BofA Securities Jeff Koche - Raymond James Operator Good day, everyone, and welcome to the Lumentum Holdings Fiscal Fourth Quarter and Fiscal Year 2023 Earnings Call. [Operator Instructions] Please also, note today's event is being recorded for replay purposes.

Lumentum Holdings Inc. (LITE) Q4 2023 Earnings Call Transcript

Lumentum (LITE) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $1.47 per share a year ago.

Lumentum (LITE) Beats Q4 Earnings and Revenue Estimates

The company says it expects fiscal first-quarter adjusted earnings of between 20 cents and 35 cents a share, below Wall Street estimates.

Lumentum Stock Falls on Weak Guidance

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (“Lumentum” or the “Company”) today reported results for its fiscal fourth quarter and full year ended July 1, 2023. “With generational upgrades in the backbone of the network and increased customer activity for AI in the data center, we expect year-over-year Telecom and Datacom growth in calendar 2024,” said Alan Lowe, President and CEO. “Fourth quarter revenue and EPS results were above the midpoints of our guidance. We believe that th.

Lumentum Announces Fiscal Fourth Quarter and Full Year 2023 Results

Lumentum stock is falling after fellow laser-tech specialist Coherent issued disappointing guidance. Coherent is seeing macroeconomic headwinds and is targeting significant sales and earnings declines this year.

Why Lumentum Stock Is Sinking Today

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal fourth quarter and fiscal year 2023 financial results on Thursday, August 17, 2023, before the market opens. Lumentum will hold a conference call the same day at 5:30 a.m. PT/8:30 a.m. ET. A live webcast of the call and the replay will be available in the Investors section of the Lumentum website at http://investor.lumentum.com. To participate via telephone: Dial-In: (888) 575-.

Lumentum to Announce Fiscal Fourth Quarter and Fiscal Year 2023 Financial Results on August 17, 2023

Barclays downgraded shares of laser maker Lumentum to Underweight from Equal Weight. The stock's valuation “doesn't make sense,” writes analyst Tom O'Malley.

Apple Supplier Lumentum's Stock Is Falling After Downgrade

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (“Lumentum”) (NASDAQ: LITE) today announced the pricing of $525 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). The aggregate principal amount of the offering was increased from the previously announced offering size of $500 million (or $575 million if the initial p.

Lumentum Holdings Inc. Announces Upsize and Pricing of $525 Million Convertible Notes Offering

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (“Lumentum”) (NASDAQ: LITE) today announced its intention to offer, subject to market conditions and other factors, $500 million aggregate principal amount of convertible senior notes due in 2029 (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 also expects to grant the initial purchasers of the notes a 13-day option to purchase.

Lumentum Holdings Inc. Announces $500 Million Convertible Notes Offering

Lumentum Holdings Inc. posted a weak quarterly report for a second time. Outlook for the next quarter is equally disappointing. Inventory glut is a core issue that Lumentum must work through in 2023.

Why Lumentum Is A Buy In 2024

Lumentum Holdings Inc. (NASDAQ:LITE ) Q3 2023 Results Conference Call May 9, 2023 8:30 AM ET Company Participants Kathy Ta - VP, IR Alan Lowe - President and CEO Wajid Ali - CFO Chris Coldren - SVP and Chief Strategy and Corporate Development Officer Conference Call Participants Simon Leopold - Raymond James Samik Chatterjee - JP Morgan Alex Henderson - Needham Meta Marshall - Morgan Stanley Tom O'Malley - Barclays Christopher Rolland - SIG Ruben Roy - Stifel Blake Friedman - Bank of America George Notter - Jefferies Ananda Baruah - Loop Capital Mike Genovese - Rosenblatt Securities A - Alan Lowe Operator Good day, everyone, and welcome to the Lumentum Holdings' Third Quarter Year 2023 Earnings Call. All participants will be in a listen-only mode.

Lumentum Holdings Inc. (LITE) Q3 2023 Earnings Call Transcript

Lumentum (LITE) came out with quarterly earnings of $0.75 per share, missing the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $1.19 per share a year ago.

Lumentum (LITE) Q3 Earnings and Revenues Lag Estimates

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (“Lumentum” or the “Company”) today reported results for its fiscal third quarter ended April 1, 2023. “Our third quarter results reflect the impact of customer inventory digestion, and we believe we are currently under-shipping end-market demand across our business,” said Alan Lowe, President and CEO. “I am confident about our overall competitiveness and market share positions in our optical communications and commercial lasers segments.

Lumentum Announces Fiscal Third Quarter 2023 Financial Results

Lumentum (LITE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Lumentum (LITE) Q3 Earnings Expected to Decline

Cirrus Logic

Skyworks Solutions

Cirrus supplies audio chips and IC controllers to Apple. Skyworks produces wireless chips for Apple devices.

These 3 Companies Are Too Dependent On Apple

NEW YORK , April 18, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Lumentum Holdings Inc. ("Lumentum" or the "Company") (NASDAQ: LITE). Such investors are advised to contact Robert S.

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