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Lumentum Holdings Inc. (NASDAQ: LITE) is a leading manufacturer of innovative optical and photonic products, catering to both optical networking and commercial laser customers globally. Headquartered in Milpitas, California, with R&D, manufacturing, and sales offices worldwide, Lumentum is at the forefront of the technology sector.
Lumentum's business is divided into two key segments: Optical Communications (OpComms) and Commercial Lasers. The OpComms segment is responsible for the majority of the company's revenue, offering a wide array of components, modules, and subsystems that are essential for telecom, enterprise, and data center networks. These products support carrier networks for access, metro, long-haul, and submarine applications.
In the Commercial Lasers segment, Lumentum's innovative lasers are used in advanced manufacturing, inspection processes, and life-science labs. The company's commercial lasers are also pivotal in the development of next-generation 3D sensing capabilities, enhancing consumer electronics and various industrial applications.
Lumentum has recently been expanding into new optical applications, notably with its 3-D sensing laser diodes for consumer electronics. Its commitment to innovation and quality has positioned it as a market leader, providing critical technology that supports the infrastructure of modern communication and advanced manufacturing.
For more detailed information on Lumentum Holdings Inc. and the latest updates, visit their official website at www.lumentum.com.
Lumentum's TrueFlex® Contentionless Twin 16x24 Wavelength Selective Switch (WSS) has won the 2024 Pipeline Innovation Award for Innovation in Network Technology, with additional runner-up honors in Network Transformation and Network Management categories. The innovative WSS is designed for modern CDC ROADM networks, offering enhanced scalability, superior signal quality, and cost-effective structure by eliminating the need for expensive erbium-doped fiber amplifier arrays.
Available in both 16x24 and 8x26 configurations, the solution optimizes performance for high-degree nodes and multi-rail applications. The award selection process involved evaluation by industry experts from major service providers including AT&T, Bell Canada, Colt, Deutsche Telekom, Lumen, and T-Mobile, alongside analysts from ACG Research, Analysys Mason, and Telecom Innovation Council.
Lumentum Holdings has announced its participation in four upcoming investor events in November and December 2024. The company will attend the Needham & Company Virtual Tech Week on November 19, the UBS Global Technology and AI Conference in Scottsdale on December 3, the Raymond James TMT & Consumer Conference in New York on December 9, and the Barclays Global Technology Conference in San Francisco on December 11. Each event includes management presentations at specified times, with webcast links provided for most events.
Lumentum (LITE) reported fiscal Q1 2025 results with net revenue of $336.9 million, up 9.3% quarter-over-quarter and 6.1% year-over-year. The company posted a GAAP net loss of $1.21 per share, while non-GAAP earnings were $0.18 per share. Cloud & Networking segment revenue grew 22.9% year-over-year to $282.3 million. The company set a new record for datacom laser chip orders and secured an additional hyperscale transceiver customer. For Q2 2025, Lumentum expects revenue between $380-400 million with non-GAAP earnings per share of $0.30-0.40.
Lumentum has released its Fiscal 2024 Corporate Sustainability Report, highlighting significant environmental and operational achievements. The company achieved a 38% reduction in Scope 1 and 2 greenhouse gas emissions compared to Fiscal 2023, while increasing renewable electricity procurement to 79%. Notable accomplishments include transitioning three additional sites to 100% renewable electricity, implementing solar power generation in Thailand and California, and expanding ISO 14001 and 45001 certifications to more manufacturing sites.
The report also showcases improvements in product innovation, including a 45% reduction in power consumption for their TrueFlex Twin WSS product and a 77% reduction in power consumption for 200G PAM4 externally modulated lasers. The company filed over 280 new patent applications and enhanced its employee development programs, engaging nearly 250 participants in mentorship initiatives.
Lumentum Holdings Inc. (LITE) has announced that it will release its fiscal first quarter 2025 financial results on Thursday, November 7, 2024, after the market closes. The company will hold a conference call the same day at 2:00 p.m. PT/5:00 p.m. ET. A live webcast and replay of the call will be available in the Investors section of Lumentum's website.
To participate via telephone, investors can dial (833) 470-1428 or (404) 975-4839 with the Conference ID: 013162. Lumentum recommends participants dial in at least 10 minutes before the scheduled start. Pre-registration is also available for immediate access to the call. The earnings press release and additional supporting materials will be posted on the company's investor relations website.
Lumentum (LITE) will showcase advanced photonic solutions at ECOC 2024 in Frankfurt, focusing on AI-driven networks. Key highlights include:
1. Enhanced 800G ZR+ transceivers for extended reach and higher optical power applications.
2. Tunable SFP28 ER modules supporting 25 Gbps DWDM links up to 40 km.
3. Participation in OIF interoperability demonstrations for 800ZR, 400ZR+, and multi-span optics.
4. Presentation on energy-efficient optics for AI networks, potentially reducing power consumption by up to 80%.
5. Workshop participation on multi-band systems' cost-effectiveness compared to parallel C-band systems.
Lumentum Holdings Inc. (LITE) reported its fiscal fourth quarter and full year 2024 results. Q4 highlights include net revenue of $308.3 million, a GAAP operating loss of 43.3%, and non-GAAP diluted net income per share of $0.06. For the full fiscal year 2024, net revenue was $1.36 billion with a GAAP operating loss of 31.9% and non-GAAP diluted net income per share of $1.01.
The company reported record orders for datacom chips used in data center applications and noted positive trends in the traditional networking market. Lumentum's strategy focuses on broadening its cloud and AI customer base, aiming for accelerated growth in 2025. The company held $887.0 million in total cash and investments at the end of Q4 2024.
For Q1 2025, Lumentum expects net revenue between $315 million and $335 million, with a non-GAAP operating margin of 0% to 3.0% and non-GAAP diluted EPS of $0.07 to $0.17.
Lumentum Holdings Inc. (LITE) has announced the release of its fiscal fourth quarter 2024 financial results on August 14, 2024, after market close. The company will hold a conference call the same day at 2:30 p.m. PT/5:30 p.m. ET. Investors can access the live webcast and replay in the Investors section of Lumentum's website. To participate via telephone, dial (833) 470-1428 or (404) 975-4839 with Conference ID: 819344. Pre-registration is encouraged for immediate access to the call. The earnings press release and supporting materials will be available on the company's investor relations website under the respective sections.
Lumentum has announced its participation in several upcoming investor events. The company's management will present at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference in Boston on May 20, 2024, at 3:10 p.m. Eastern Time. Additionally, Lumentum will be available for meetings at the 21st Annual Craig-Hallum Institutional Investor Conference in Minneapolis on May 29, 2024, from 8:00 a.m. to 4:00 p.m. Central Time. Lastly, the company will present at the BofA Securities 2024 Global Technology Conference in San Francisco on June 5, 2024, at 2:00 p.m. Pacific Time. Institutional investors can contact their representatives for participation details.
Lumentum reported fiscal third quarter 2024 financial results with a net revenue of $366.5 million, GAAP gross margin of 16.2%, and Non-GAAP gross margin of 32.6%. The company remains optimistic about future growth opportunities, especially in the cloud data center segment. However, telecom business challenges may continue to affect revenue in the coming quarters. Lumentum expects a net revenue range of $290 million to $315 million for the fiscal fourth quarter 2024.
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