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) drives innovation in optical networking and photonic solutions that power global communications and advanced manufacturing systems. This dedicated news hub provides investors and industry professionals with authoritative updates on the company’s latest developments.
Access real-time press releases covering financial results, product launches, and strategic partnerships that shape LITE’s position in telecom infrastructure and commercial laser markets. Our curated collection simplifies tracking of operational milestones, R&D breakthroughs, and market expansions critical to understanding the company’s trajectory.
Key updates include detailed analyses of optical component innovations for 5G networks, advancements in 3D sensing technology, and developments in data center connectivity solutions. Each announcement is contextualized within broader industry trends affecting the photonics sector.
Bookmark this page for streamlined access to verified information directly impacting Lumentum’s performance in high-speed communication networks and industrial laser applications. Regular updates to stay informed about technological advancements and corporate initiatives driving this optical technology leader.
Lumentum (LITE) has received approval from the Science-Based Targets initiative (SBTi) for its greenhouse gas emissions reduction targets. The company aims for near-term goals by 2030 including a 90% reduction in Scope 1 and 2 emissions and a 52% reduction per data capacity in Scope 3 emissions from cloud and networking products, compared to FY2022 baseline.
The plan also requires 30% of suppliers and 25% of customers to have their own science-based emissions targets by FY2028. For long-term goals by 2050, Lumentum commits to maintaining the 90% reduction in Scope 1 and 2 emissions and achieving a 90% reduction in absolute Scope 3 emissions. These targets align with limiting global warming to 1.5°C and meet the priorities of key customers, particularly cloud and AI infrastructure providers.
Lumentum Holdings announced it will release its fiscal second quarter 2025 financial results on February 6, 2025, after the market closes. A conference call will be held the same day at 2:00 p.m. PT/5:00 p.m. ET to discuss the results. The call will be available via a live webcast and replay in the Investors section of the Lumentum website.
To participate via telephone, dial (833) 470-1428 or (404) 975-4839 with Conference ID: 360050. Lumentum recommends dialing in 10 minutes before the scheduled start to avoid delays. Pre-registration is encouraged, and participants will receive a unique dial-in number and PIN via email for immediate access.
The earnings press release and additional materials supporting the conference call and earnings release will be posted on the Lumentum website under the 'Financial News Releases' and 'Events and Presentations' sections, respectively.
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.
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