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Lumentum Hldgs Inc - LITE STOCK NEWS

Welcome to our dedicated page for Lumentum Hldgs news (Ticker: LITE), a resource for investors and traders seeking the latest updates and insights on Lumentum Hldgs 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.

News

Lumentum Appoints Jae Kim as Senior Vice President, General Counsel and Secretary

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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 Recognized in Three Optical Communications Product Categories at 2024 Lightwave Innovation Reviews

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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 Announces Upcoming Investor Events

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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 Announces Fiscal Second Quarter 2024 Financial Results

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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 to Announce Fiscal Second Quarter 2024 Financial Results on February 8, 2024

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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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Lumentum Announces Upcoming Investor Events

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Lumentum Holdings Inc. (LITE) to participate in several upcoming investor events, including Needham & Company Virtual Tech Week, 2023 UBS Global Technology Conference, Raymond James 2023 TMT and Consumer Conference, and Barclays 2023 Global Technology Conference. Webcast links and presentation times provided.
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Lumentum Announces Fiscal First Quarter 2024 Financial Results

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Lumentum Holdings Inc. (LITE) reported fiscal first-quarter results, including net revenue of $317.6 million and a GAAP net loss of $67.9 million. The company expects significant growth in cloud applications and AI compute requirements in 2024.
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Lumentum Announces Completion of Cloud Light Acquisition

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Lumentum Holdings Inc. (NASDAQ: LITE) has completed its acquisition of Cloud Light Technology Limited for approximately $750 million, doubling its cloud data center revenue. The acquisition is expected to be immediately accretive to Lumentum’s non-GAAP earnings per share and will significantly expand its served opportunity inside of data centers.
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Lumentum to Acquire Cloud Light to Accelerate Data Center Speed and Scalability

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Lumentum Holdings Inc. is set to acquire Cloud Light Technology Limited for approximately $750 million. The acquisition aims to expand Lumentum's presence in the cloud computing data center infrastructure market and capitalize on the growing demand for optical modules. Cloud Light specializes in high-speed connectivity solutions, with a significant portion of its revenue derived from 400G and higher speed transceiver sales. The transaction is expected to be immediately accretive to Lumentum's non-GAAP earnings per share and more than double its cloud intra-data center infrastructure revenue in the 12 months following the close of the deal.
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Lumentum to Announce Fiscal First Quarter 2024 Financial Results on November 8, 2023

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Lumentum Holdings Inc. to release fiscal first quarter 2024 financial results
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FAQ

What is the current stock price of Lumentum Hldgs (LITE)?

The current stock price of Lumentum Hldgs (LITE) is $73.35 as of February 21, 2025.

What is the market cap of Lumentum Hldgs (LITE)?

The market cap of Lumentum Hldgs (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.
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Lumentum Hldgs Inc

Nasdaq:LITE

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LITE Stock Data

5.66B
68.52M
0.76%
107.9%
15.4%
Communication Equipment
Communications Equipment, Nec
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