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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 received the prestigious 2022 Excellent Core Partner Award from FiberHome Telecommunications Technologies. This award recognizes outstanding performance among FiberHome's 1000+ suppliers, with Lumentum being one of only seven acknowledged in the telecom optical components sector. The award underscores Lumentum's role as a key supplier of innovative optical products essential for high-speed communications networks. Lumentum provides FiberHome with various solutions, including 100G to 800G modules and wavelength selective switching technology, vital for enabling high-speed data networks globally.
Lumentum Holdings has announced the live demonstration of its full band optical tunable transceivers at the Optical Fiber Communication Conference (OFC) from March 5-9, 2023, in San Diego. The showcased products include the 10G OTN SFP+, 25G T-SFP28, and 100G coherent CFP2-DCO bi-directional transceiver modules. These innovations are aimed at enhancing 5G deployments and facilitating cost-effective solutions for network operators. The 25G T-SFP28 will enter production by the end of March 2023. The new 100G BiDi transceiver allows for increased capacity using a single fiber, while the 10G OTN SFP+ offers extended reach capabilities.
Lumentum Holdings (NASDAQ: LITE) announced its participation in the Optical Fiber Communication Conference (OFC) from March 5-9, 2023, in San Diego, California. Key speakers from Lumentum will engage in discussions focused on transitioning to 800G technologies, enhancing performance, and revenue in coherent optical networks. Presentations include:
- 225-Gbps PAM4 Operation - March 6, 11:00 am PST
- Ultrahigh Speed EA-DFB Lasers - March 6, 11:45 am PST
- LITE 2023 Investor Technology Event - March 7, 7:00 am PST
This event underscores Lumentum's role in driving innovation in optical networking and laser applications.
Lumentum Holdings Inc. (NASDAQ: LITE) showcased its innovative optical communication solutions at the 2023 Optical Fiber Communication Conference in San Diego, March 5-9, 2023. The company highlighted its expertise in photonics and introduced new products, including the TrueFlex® Micro Twin Wavelength Selective Switch (WSS) and the latest ROADM Node-on-a-Blade. Lumentum's 200G PAM4 Externally Modulated Lasers (EMLs) received the 2023 Lightwave Innovation Award. The company also demonstrated its vision for the future of fiber optic communications, emphasizing Carrier and Spatial Division Multiplexing (CSDM) as key to scaling data capacity.
On February 28, 2023, the Open XR Forum announced new members, including Hisense Broadband, KDDI, Lumentum (NASDAQ: LITE), and Viettel, to enhance software-configurable optical networks. These members contribute expertise to advance XR optics pluggable transceiver technology, driving interoperable solutions for high-bandwidth optical transport. The Forum aims to optimize 5G networks and improve cost-efficiency for operators. Tomohiro Otani of KDDI emphasized the potential for accelerated 5G deployment, while Lumentum's Wupen Yuen noted that XR optics could transform the market dynamics of coherent optical components.
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%.
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