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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 (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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