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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. (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.
Lumentum reported net revenue of $506.8 million for the fiscal first quarter ending October 1, 2022, a 20.1% increase from the prior quarter. The GAAP gross margin decreased to 39.7%, with a GAAP net loss of $0.4 million, translating to a loss of $0.01 per diluted share. Non-GAAP diluted earnings per share reached $1.69. Despite strong demand from telecom and industrial sectors, supply shortages are anticipated to persist into fiscal 2024, impacting the Datacom and 3D sensing outlook. The company holds $1.6 billion in cash, following two significant acquisitions.
Lumentum Holdings will release its fiscal first quarter 2023 financial results on November 8, 2022, before market opening. A conference call will follow at 5:30 a.m. PT where investors can access updates via telephone or webcast. The earnings press release will be available on their website under "Financial News Releases." Lumentum, traded under the ticker LITE, specializes in optical and photonic products for telecommunications and manufacturing.
Lumentum Holdings Inc. (NASDAQ: LITE) announced an expansion of its manufacturing and R&D operations in Škoflijica, Slovenia, significantly increasing its footprint in the region. The new facility, spanning 137,000 square feet, will focus on developing specialty optical fibers, crucial for applications in industrial lasers, communications, and life sciences. This expansion emphasizes Lumentum's commitment to sustainability, achieving LEED certification. The company aims to align capacity with rising demand and enhance its competitive edge in optical and photonic products.
Lumentum Holdings has published its fiscal 2022 Corporate Social Responsibility (CSR) report, emphasizing its commitment to sustainable practices. The report outlines targets for net-zero emissions by 2030 and showcases efforts in diversity, inclusion, and innovation. Lumentum holds nearly 1,000 U.S. patents, achieving two industry awards for productivity and responsible business practices. The company ranked 8th in Newsweek's America's Most Responsible Companies 2022 list, demonstrating its leadership in the optics and photonics sector.
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