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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 Holdings Inc. has appointed Pamela Fletcher as an independent member of its Board of Directors, expanding the board to nine members, eight of whom are independent. Fletcher, with over 30 years of experience in the automotive and transportation sectors, is currently the Chief Sustainability Officer at Delta Air Lines. Her expertise in sustainability and innovation is expected to benefit Lumentum's growth strategies in photonic solutions, particularly in cloud computing and advanced manufacturing. CEO Alan Lowe expressed confidence that Fletcher will enhance shareholder value as they capitalize on emerging trends.
Lumentum Holdings Inc. (NASDAQ: LITE) has announced its participation in key investor events. The company will present at the Morgan Stanley Technology, Media & Telecom Conference on March 9, 2023, at 8:35 a.m. Pacific Time. A webcast will be available here.
Additionally, Lumentum will take part in the Loop Capital Virtual Investor Conference on March 13, 2023, from 7:00 a.m. to 10:00 a.m. Eastern Time. Institutional investors are encouraged to contact their representatives for participation details.
Lumentum Holdings has received recognition for its 200G PAM4 externally-modulated lasers (EMLs) in the 2023 Lightwave Innovation Reviews, scoring 4.5 out of 5 in the optical components category. This marks the second industry acknowledgment for these EMLs, following an award from the European Conference on Optical Communication in 2022. The lasers are designed to help hyperscale data center operators scale up to 800G and 1.6T data rates. According to Nicolas Herriau, the team at Lumentum has significantly advanced performance and quality in the optical communications sector, further cements Lumentum's status as a leading innovator in optical and photonic products.
Lumentum Holdings reported strong fiscal Q2 2023 results, with net revenue of $506.0 million, a 13.3% increase year-over-year. The company achieved a GAAP gross margin of 32.8% and a non-GAAP gross margin of 44.9%. Despite a GAAP operating loss of $4.3 million, non-GAAP operating margin stood at 23.1%. Non-GAAP diluted earnings per share were $1.52, exceeding guidance. The company holds total cash and equivalents of $1,680.4 million, up $55.5 million from the previous quarter. For fiscal Q3 2023, Lumentum expects revenue between $430 million and $460 million and a non-GAAP operating margin of 17% to 19%.
Lumentum Holdings Inc. (NASDAQ: LITE) will host its LITE 2023: Lumentum Investor Technology Event during the 2023 Optical Fiber Communication Conference and Exhibition (OFC). Scheduled for March 7, 2023, from 7:00 – 9:45 a.m. Pacific Time, the event will take place at the Hard Rock Hotel San Diego, in the Celebrate Ballroom. Participants are encouraged to register online. A live webcast and presentation deck will also be available at Lumentum's investor website.
Lumentum Holdings Inc. (LITE) announced its fiscal second quarter 2023 financial results will be released on February 9, 2023, before market opens.
A conference call is scheduled for the same day at 5:30 a.m. PT/8:30 a.m. ET, with a live webcast available on the company's website.
Participants are encouraged to pre-register to receive unique dial-in information. A replay of the call will be accessible via telephone starting from February 9, 2023, through February 16, 2023.
For more information, visit the investor relations page.
Lumentum Holdings has appointed Caroline Pan as its new Senior Vice President and Chief Marketing Officer, effective immediately. She will report to Alan Lowe, the company's President and CEO, and will oversee strategic marketing, corporate communications, and Lumentum Ventures. Pan brings nearly 30 years of diverse experience from companies like Bright Machines and Honeywell. Her role aims to drive market expansion and innovation at a critical point in Lumentum's growth.
Lumentum Holdings announced its participation in three upcoming investor events on December 6 and 8, 2022. The events include the Raymond James Technology Investors Conference at 11:30 a.m. ET, and the Nasdaq 47th Investor Conference at 10:30 a.m. ET, both on December 6. Additionally, the Barclays Global Technology Conference is scheduled for December 8 at 5:30 p.m. ET. Investors can access the webcasts through provided links. Lumentum, traded as LITE, specializes in optical and photonic products for various networking and manufacturing applications.
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