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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 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.
Lumentum Holdings Inc. will showcase its extensive portfolio of optical communication solutions at the European Conference on Optical Communication (ECOC) from September 18 to 22, 2022, in Basel, Switzerland. The company offers high-speed optical components, including the 100 to 800 Gbps range, and its innovative products such as the Ultra-narrow Linewidth Nano-Integrable Tunable Laser Assembly (nITLA) and Digital Coherent Optics (DCO) modules. Lumentum will also demonstrate its 400ZR transceivers for enhanced data transmission, highlighting its leadership in the telecom sector.
Lumentum announced its participation in the European Conference on Optical Communication (ECOC) from September 18-22, 2022, in Basel, Switzerland. The company will showcase innovative solutions in optical networking and emphasize diversity in the workplace. Key presentations include:
- 'Tunable optics for front-haul networks' by David Lewis
- 'Diversity in action' workshop led by Janet Wong and Grace Lee
- Several technical papers on high-performance lasers and optical components.
Lumentum continues to lead in optical and photonic products, enhancing telecom and data center networks.
Lumentum Holdings Inc. (NASDAQ: LITE) announced its participation in two significant investor events. The first is the Jefferies Semis, IT Hardware & Comms Infrastructure Summit on August 30, 2022, with meetings available from 8:45 a.m. to 4:10 p.m. Central Time. The second event is the Goldman Sachs Communacopia & Technology Conference on September 12, 2022, starting at 9:15 a.m. Pacific Time, with a webcast available for viewing. Interested investors should contact their representatives for participation details.
Lumentum Holdings reported fiscal fourth quarter 2022 net revenue of $422.1 million, surpassing the previous quarter and year. GAAP diluted earnings per share (EPS) reached $0.49, while non-GAAP EPS was $1.47. For fiscal year 2022, total net revenue was $1.7 billion, but a slight decline from $1.74 billion in 2021. The company maintained a strong cash position of $2.55 billion and completed significant acquisitions, positioning for future growth. Guidance for Q1 2023 projects revenues between $490 million and $520 million.
Lumentum Holdings has announced its acquisition of IPG Photonics' telecom transmission product lines in an all-cash deal. This strategic move aims to enhance Lumentum's technology capabilities, particularly in digital communications ASICs and coherent DSPs. The acquisition is expected to create opportunities for vertical integration in optical transmission modules and meet the rising demand for wavelength tunable pluggable transceivers among cable MSO and wireless network operators. The transaction will not impact Lumentum's fiscal Q4 2022 results.
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