Lumentum Holdings

Lumentum Holdings, Inc. engages in the provision of optical and photonic products. It operates through the Optical Communications (OpComms) and Commercial Lasers segments. The OpComms segment includes a range of components, modules, and subsystems to support customers including carrier networks of access (local), metro (intracity), long-haul (city-to-city and worldwide), and submarine (undersea) applications. The Commercial Lasers segment focuses on serving customers in markets and applications such as sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining such as drilling in printed circuit boards, wafer singulation, glass cutting, and solar cell scribing. The company was founded on February 10, 2015, and is headquartered in San Jose, CA.

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Lumentum Holdings Inc. reports under-shipping in Q3 earnings call

Lumentum Holdings Inc. (LITE) reported under-shipping and gross margin pressures in Q3. Despite challenges in inventory levels and a slowdown in certain business segments, the Company remains focused on long-term growth opportunities, including AI build-out and subsea cable deployment.

Lumentum Holdings surpasses revenue guidance, faces margin challenges

Lumentum Holdings showcased strong performance in Telecom and Commercial Lasers, exceeding revenue guidance.
Challenges include declining gross margins, ongoing supply chain issues, and softness in Datacom demand.
Opportunities lie in margin recovery, technology expansion, and addressing pricing pressures through customer agreements.
Overall, the company anticipates exceeding synergy savings targets and expects growth in key business segments.

Lumentum Holdings navigates revenue challenges, eyes LiDAR market growth

Lumentum Holdings remains confident in its market positions and long-term gross margin targets despite recent challenges. The company is focused on innovation to meet evolving customer needs and expects demand recovery in the second half of the calendar year.

Lumentum Holdings reports strong Q4 performance and eyes growth opportunities

Lumentum Holdings delivered a strong Q4 performance, with revenue up 3% and EPS exceeding guidance ranges.
While facing challenges in gross margin and underutilization, strategic initiatives are in place to drive improvement.
The company's focus on customer partnerships, innovation in photonics products, and expectations for revenue growth present promising opportunities.
Overall, Lumentum's performance reflects resilience amidst challenges and a strategic outlook towards future growth and market trends.

Lumentum Holdings reports Q1 revenue decline, eyes growth opportunities

Lumentum Holdings' Q1 performance reflects a mix of revenue declines and segment growth, with a positive outlook for Q2 and calendar '24. The Cloud Light acquisition is seen as a strategic move with immediate benefits and growth potential. Challenges include meeting demand post-acquisition and addressing telco softness.

Lumentum Holdings reports robust Q2 earnings, eyes expansion opportunities

Lumentum Holdings' Q2 performance was driven by strong revenue, with a focus on expanding manufacturing capacity and introducing new product designs. Despite challenges in certain segments, the company remains confident in its position in the data center market and anticipates growth opportunities in telco inventory recovery and production capacity expansion.

Lumentum reports mixed Q3 results, eyes datacom growth opportunities

Lumentum's Q3 '24 showed mixed revenue performance with growth in cloud networking but challenges in telecom.
The company's focus on expanding manufacturing capacity and strategic growth plans are key strengths.
Challenges include telecom revenue struggles and the need for a steep recovery in the telco business.
Opportunities lie in datacom business growth, revenue milestones, and capacity expansions to support growth.

Lumentum Holdings exceeds Q4 expectations, eyes $500M revenue milestone

Lumentum Holdings excelled in Q4, focusing on cloud business growth and capacity expansion. Challenges include meeting demand for optical transceivers and components. Opportunities exist in expanding technologies and customer base for future growth.

Lumentum Holdings surpasses Q1 expectations, eyes cloud expansion for growth

Lumentum Holdings delivered strong financial performance in Q1, exceeding revenue and earnings expectations, with a positive outlook for Q2 revenue and margins.
The company's strategic focus on expanding cloud and AI opportunities, along with investments in R&D and technology advancements, positions it well for future growth.
While facing challenges in the Industrial Tech segment and operational efficiency, Lumentum is leveraging opportunities in cloud demand, photonics technology, and vertical integration.
Confidence in revenue growth targets and commitment to innovation underscore Lumentum's resilience and potential for sustained success in the market.

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Lumentum Holdings, Inc. engages in the provision of optical and photonic products. It operates through the Cloud and Networking, and Industrial Tech segments. The Cloud and Networking segment refers to a portfolio of optical and photonic components, modules, and subsystems. The Industrial Tech segment includes solid-state lasers, kilowatt-class fiber lasers, ultrafast lasers, diode lasers, and gas lasers. The company was founded on February 10, 2015 and is headquartered in San Jose, CA.

Bear of the Day: Lumentum (LITE)

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Better Buy: Micron Technology vs. Lumentum

SAN JOSE, Calif., June 8, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, announced its participation in a joint technical paper on Mobile Optical Pluggables (MOPA) with market-leading system providers Ericsson and Nokia and other industry participants.

Lumentum Partners With Ericsson, Nokia, And Other Industry Participants In Mobile Optical Pluggables (MOPA) Joint Technical Paper

SAN JOSE, Calif., June 7, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced the appointment of Isaac ("Ike") Harris, Corporate Vice President, Global Supply Chain Operations for ZT Systems, to its Board of Directors as an independent member, effective immediately.

Isaac Harris Joins Lumentum Board of Directors

SAN JOSE, Calif., June 3, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), an industry-leading provider of next-generation optical communications solutions, today announced the company will highlight its latest innovations for telecom, 5G wireless, cable and fiber access, and hyperscale data center networks at the virtual Optical Fiber Communication Conference (OFC) from June 7 – 11, 2021.

Lumentum to Highlight and Present Latest Innovations at OFC 2021 Virtual Event

Analysts have provided the following ratings for Lumentum Holdings (NASDAQ:LITE) within the last quarter: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 5 0 2 Somewhat Bullish 0 2 0 0 Indifferent 1 3 0 1 Somewhat Bearish 0 0 0 0 Bearish 0 0 0 0 In the last 3 months, 16 analysts have offered 12-month price targets for Lumentum Holdings. The company has an average price target of $95.62 with a high of $123.00 and a low of $80.00.

Where Lumentum Holdings Stands With Analysts

Lumentum: From Turbulence To Excellence

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AI vision silicon company Ambarella Inc (NASDAQ: AMBA), optical and photonic product manufacturer Lumentum Holdings Inc (NASDAQ: LITE), and CMOS image sensor solution provider ON Semiconductor Corp (NASDAQ: ON) have announced two new joint reference designs to fast-track AIoT device distribution. The combination of data from Lumentum's VCSEL array illuminators, ON Semiconductor image sensor using Ambarella's AI SoC will be utilized for more accurate and intelligent decision-making in AIoT devices for biometric access control, 3D electronic locks, and other intelligent sensing applications.

Ambarella, Lumentum, ON Semiconductor Forge AIoT Device Partnership

Lumentum Holdings' (LITE) third-quarter fiscal 2021 results were negatively impacted by 5G deployment delays in China.

Lumentum (LITE) Q3 Earnings & Revenues Lag Estimates

Lowe's

Lumentum Holdings Inc. (LITE) CEO Alan Lowe on Q3 2021 Results - Earnings Call Transcript

The optical technology company reported disappointing quarterly results.

Why Lumentum Stock Got Crushed on Wednesday

Lumentum (LITE) delivered earnings and revenue surprises of -1.41% and -3.47%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Lumentum (LITE) Lags Q3 Earnings and Revenue Estimates

Lumentum Holdings Inc (NASDAQ: LITE) reported third-quarter FY21 net revenue growth of 4.1% year-on-year to $419.5 million, missing the analyst consensus of $433.49 million. Optical Communications revenue rose 8% Y/Y to $387.9 million, while Lasers revenue declined 27.4% Y/Y to $31.6 million.

Lumentum's Stock Tumbles After Q3 Revenue Miss, Q4 Guidance Falling Short Of Consensus

Shares of Lumentum Holdings (NASDAQ:LITE) fell 3.3% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share were up 11.11% over the past year to $1.40, which were in line with the estimate of $1.40.

Recap: Lumentum Q3 Earnings

Shares of Lumentum Holdings Inc. sank 6.5% toward a seven-month low in premarket trading Wednesday, after the optical and photonic products company reported a fiscal third-quarter profit that matched expectations but revenue that missed, citing deployment delays in China, and provided a downbeat outlook. Net income jumped to $225.5 million, or $2.85 a share, from $43.4 million, or 56 cents a share, in the year-ago period.

Lumentum stock sinks after revenue misses amid deployment delays, downbeat outlook

SAN JOSE, Calif., May 12, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal third quarter ended April 3, 2021, which was a 14-week period.

Lumentum Announces Fiscal Third Quarter 2021 Financial Results

SAN JOSE, Calif., May 11, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced that management is currently scheduled to participate in the following virtual investor events: Event:     J.P.

Lumentum to Participate in Upcoming Investor Events

Lumentum Holdings (LITE) third-quarter fiscal 2021 performance is likely to reflect strength in demand for Datacom chips and Commercial Lasers business.

Is a Beat in the Cards for Lumentum (LITE) in Q3 Earnings?

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SAN JOSE, Calif., April 26, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal third quarter 2021 financial results for the period ended April 3, 2021, on Wednesday, May 12, 2021, before the market opens.

Lumentum to Announce Fiscal Third Quarter 2021 Financial Results on May 12, 2021

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On CNBC's "Power Lunch" Monday, Susquehanna Financial Group semiconductor analyst Christopher Rolland said he is generally more neutral on the semiconductor sector given the supply issues, but there are two names in particular that he would "highlight." Lumentum Holdings Inc (NASDAQ: LITE) is in the optical communications space, he said, with the company powering "Face ID" on Apple Inc (NASDAQ: AAPL) iPhones and will eventually power light detection, ranging (LIDAR) and advanced driver assist systems (ADAS).

News for Lumentum Holdings Stock (LITE)