Welcome to our dedicated page for Lumentum Holdings news (Ticker: LITE), a resource for investors and traders seeking the latest updates and insights on Lumentum Holdings stock.
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 successfully completed the acquisition of NeoPhotonics Corporation, allowing NeoPhotonics shareholders to receive $16.00 per share in cash. Lumentum anticipates achieving over $50 million in annual synergies within 24 months post-acquisition. The merger is expected to enhance Lumentum's growth prospects amid increasing demands for cloud and network infrastructure. This strategic move aligns with Lumentum's goal to expand its market presence and strengthen its product offerings in optical networking and laser applications.
Lumentum Holdings Inc. (NASDAQ: LITE) announced that it has received antitrust clearance from China's State Administration for Market Regulation for its acquisition of NeoPhotonics Corporation (NYSE: NPTN). This approval fulfills a closing condition of the merger agreement, with Lumentum expecting to finalize the acquisition around August 3, 2022. Upon completion, each share of NeoPhotonics stock will be converted to $16.00 in cash.
Lumentum Holdings Inc. will release its fiscal fourth quarter and fiscal year 2022 financial results on August 16, 2022, before market opening. A conference call will follow at 5:30 a.m. PT/8:30 a.m. ET, with a live webcast available on the company’s Investor Relations site. Participants are encouraged to pre-register to receive unique access codes. Replays will be available from August 16 to August 23, 2022.
Lumentum is a leader in optical and photonic products serving various sectors globally.
Lumentum Holdings Inc. announced its participation in several upcoming investor events scheduled for late May and June 2022. Key events include the 50th Annual J.P. Morgan Global Technology Conference on May 23, the 19th Annual Craig-Hallum Institutional Investor Conference on June 1, the Loop Capital Markets 2022 Investor Conference in New York City on June 2, and the BofA Securities 2022 Global Technology Conference in San Francisco on June 8. Investors are encouraged to reach out to Lumentum’s investor relations for additional information.
NASDAQ: LITE
Lumentum Holdings reported fiscal third quarter 2022 results with a net revenue of $395.4 million, down 11.5% from the previous quarter. GAAP net income was $26.0 million, or $0.35 per diluted share. Non-GAAP net income was $88.9 million, or $1.19 per diluted share. The company expects fourth quarter revenue between $405 million and $430 million, driven by Telecom product shipments. Lumentum holds $2,564.1 million in cash and investments, with strong operational cash flow of $76.6 million.
Lumentum, a leader in optical and photonic products, announced its participation in the LASER World of PHOTONICS trade fair in Munich from April 26-29, 2022. The company will showcase its advanced laser solutions, including the new high-precision FemtoBlade™ for industrial applications and the M Series VCSEL arrays for 3D sensing. These innovations are designed to improve manufacturing processes and support applications in automotive, IoT, and augmented reality. Attendees can explore Lumentum's comprehensive product portfolio at their stand.
Lumentum Holdings has unveiled the FemtoBlade, a new femtosecond laser system, enhancing its portfolio of ultrafast industrial lasers. This innovative laser offers a modular design, providing high power and improved throughput, making it ideal for applications in OLED, PCB, and solar cell processing. The FemtoBlade, which can operate at varying power levels from 12 W to 200 W, will debut at the LASER World of PHOTONICS Munich from April 26-29, 2022. With features like FlexBurst and AccuTrig, it promises to deliver faster processing times and precise control.
Lumentum has achieved LEED Silver certification for its San Jose headquarters, reinforcing its commitment to sustainability. This certification, awarded by the U.S. Green Building Council, recognizes buildings with reduced environmental impact and improved health outcomes. Lumentum's initiatives include energy-efficient systems and enhanced indoor air quality, contributing to 34% lower CO2 emissions and 25% less energy consumption. The company aims for net-zero carbon emissions by 2030, following its announcement of using 100% renewable electricity in 2021.
Lumentum Holdings announced it will release its fiscal third quarter 2022 financial results on May 4, 2022, before markets open. A conference call will follow at 5:30 a.m. PT (8:30 a.m. ET) that day, available via live webcast on the company's website. Participants are encouraged to pre-register for the call. The earnings press release will be posted in the 'Financial News Releases' section of the website. Lumentum is a leading designer and manufacturer of optical and photonic products, traded under the ticker symbol LITE.
Lumentum has launched the M Series multi-junction VCSEL arrays, designed for automotive and industrial LiDAR and 3D sensing applications. The first product, the M51-100, features a compact design with a peak power of 70 W, ensuring reliability comparable to single junction VCSELs. These arrays allow for flexible integration into existing systems, enhancing efficiency and scalability. With ongoing advancements, Lumentum aims to reinforce its leadership in multi-junction technology, catering to the growing demand in automotive safety and factory automation.
FAQ
What is the current stock price of Lumentum Holdings (LITE)?
What is the market cap of Lumentum Holdings (LITE)?
What does Lumentum Holdings Inc. specialize in?
Where is Lumentum Holdings Inc. headquartered?
What are the main segments of Lumentum's business?
What products are included in the OpComms segment?
What applications do Lumentum's commercial lasers support?
How does Lumentum generate most of its revenue?
Is Lumentum expanding into new markets?
What makes Lumentum a market leader?
Where can I find more information about Lumentum?
What industries benefit from Lumentum's products?
