Welcome to our dedicated page for Lumentum Holdings news (Ticker: LITE), a resource for investors and traders seeking the latest updates and insights on Lumentum Holdings stock.
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.
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Lumentum Holdings Inc. has been awarded the EcoVadis Platinum Medal for the second consecutive year, demonstrating top-tier sustainability performance. The company's environmental score has increased by 10 points, reaching an overall score of 80. Lumentum remains in the top one percent of rated companies, showcasing its commitment to sustainability and environmental stewardship.
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Lumentum Holdings Inc. will announce its fiscal third quarter 2024 financial results on May 6, 2024, after the market closes. A conference call will be held the same day at 2:00 p.m. PT/5:00 p.m. ET. Participants can access the call via webcast or telephone. Pre-registration is encouraged for immediate access to the call.
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Lumentum Holdings Inc. announces significant performance enhancements to its 800ZR+ transceivers, expanding their use in metro, regional, and long-haul networks. The improved modules enable reaches exceeding 2000 km at 400 Gbps, recognized in the 2024 Lightwave Innovation Review Awards. The company's latest generation of transceivers offers enhanced performance, cost-efficiency, and scalability for cloud and telecom network operators.
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Lumentum Holdings Inc. introduces cutting-edge photonic products at OFC 2024 to enhance AI data centers and networking applications. Innovations include 200G per Lane InP Components, Ultra-High Power 400 mW 1310 nm DFB Laser, Data Center Connectivity Demo, 400G QSFP112 DR1.2, 400/800ZR+ Modules, OIF 400ZR/800ZR Interoperability, D22 Series Pump Module, 49M Series Multimode Pump Module, and Tunable SFP28 ER Module.
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Lumentum Holdings Inc. announces CEO Alan Lowe's participation in industry discussions at the Optical Fiber Communication Conference (OFC) 2024. The company's experts will share insights on optical and photonic technologies, including advancements in laser arrays, AI influences, and ROADM technologies.
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Lumentum Holdings Inc. appoints Jae Kim as Senior Vice President, General Counsel, and Corporate Secretary. Kim brings over 25 years of legal experience to the role, having worked at companies like GlobalLogic and Rambus. He will lead Lumentum's Legal department and oversee various functions, succeeding Judy Hamel. Kim aims to contribute to Lumentum's growth journey with his expertise in technology sectors and legal compliance.
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Lumentum Holdings Inc. receives high accolades for its innovative optical and photonic products, winning multiple awards in the 2024 Lightwave Innovation Review. The company's groundbreaking products, including the 800G ZR/ZR+ Transceivers, TrueFlex® 16x26 Contentionless Wavelength Selective Switch, and InP-Based 130+ GBaud Smart TROSA, have been recognized as 'best in class' for their role in improving data center connectivity and enabling faster network architectures. Lumentum's commitment to excellence and innovation in optical communications is highlighted by these awards, showcasing its dedication to pushing the boundaries of technology.
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Lumentum Holdings Inc. announces participation in various investor events, including the LITE 2024 Investor Technology Event at the Optical Fiber Communication Conference. The company will present business insights, new technologies, and growth market strategies on March 26, 2024.
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Lumentum Holdings Inc. reported a net revenue of $366.8 million for the fiscal second quarter of 2024, with a GAAP gross margin of 17.4% and a non-GAAP gross margin of 32.6%. The GAAP operating loss was 28.7%, while the non-GAAP operating margin was 3.5%. The GAAP diluted net loss per share was $1.47, and the non-GAAP diluted net income per share was $0.32. The company also provided a financial overview, highlights, and business outlook for the future.
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Lumentum Holdings Inc. will release its fiscal second quarter 2024 financial results on February 8, 2024, followed by a conference call. Participants can pre-register for the call to gain immediate access. The earnings press release and additional materials will be available on the company's website.
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FAQ
What is the current stock price of Lumentum Holdings (LITE)?
The current stock price of Lumentum Holdings (LITE) is $97.45 as of January 21, 2025.
What is the market cap of Lumentum Holdings (LITE)?
The market cap of Lumentum Holdings (LITE) is approximately 5.7B.
What does Lumentum Holdings Inc. specialize in?
Lumentum specializes in innovative optical and photonic products, including optical components for networking and commercial lasers for various applications.
Where is Lumentum Holdings Inc. headquartered?
Lumentum Holdings Inc. is headquartered in Milpitas, California.
What are the main segments of Lumentum's business?
Lumentum's main business segments are Optical Communications (OpComms) and Commercial Lasers.
What products are included in the OpComms segment?
The OpComms segment includes components, modules, and subsystems for telecom, enterprise, and data center networks, supporting access, metro, long-haul, and submarine applications.
What applications do Lumentum's commercial lasers support?
Lumentum's commercial lasers are used in advanced manufacturing, inspection processes, life-science labs, and next-generation 3D sensing for consumer electronics.
How does Lumentum generate most of its revenue?
Lumentum generates most of its revenue from the Optical Communications (OpComms) segment.
Is Lumentum expanding into new markets?
Yes, Lumentum is expanding into new optical applications, particularly 3-D sensing laser diodes for consumer electronics.
What makes Lumentum a market leader?
Lumentum's commitment to innovation, quality, and a comprehensive product range positions it as a market leader in optical and photonic technologies.
Where can I find more information about Lumentum?
For more information, visit the official website at www.lumentum.com.
What industries benefit from Lumentum's products?
Industries such as telecom, enterprise, data centers, manufacturing, and life sciences benefit from Lumentum's products.
Lumentum Holdings Inc.
Nasdaq:LITE
LITE Rankings
LITE Stock Data
5.66B
68.16M
0.76%
107.98%
17.16%
Communication Equipment
Communications Equipment, Nec
United States of America
SAN JOSE