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Lumentum Holdings Inc (NASDAQ: LITE) drives innovation in optical networking and photonic solutions that power global communications and advanced manufacturing systems. This dedicated news hub provides investors and industry professionals with authoritative updates on the company’s latest developments.
Access real-time press releases covering financial results, product launches, and strategic partnerships that shape LITE’s position in telecom infrastructure and commercial laser markets. Our curated collection simplifies tracking of operational milestones, R&D breakthroughs, and market expansions critical to understanding the company’s trajectory.
Key updates include detailed analyses of optical component innovations for 5G networks, advancements in 3D sensing technology, and developments in data center connectivity solutions. Each announcement is contextualized within broader industry trends affecting the photonics sector.
Bookmark this page for streamlined access to verified information directly impacting Lumentum’s performance in high-speed communication networks and industrial laser applications. Regular updates to stay informed about technological advancements and corporate initiatives driving this optical technology leader.
Lumentum Holdings announced participation in two upcoming virtual investor events. The first event is the JP Morgan 5G Tech meetings on March 1, 2022, at 10:00 a.m. ET. The second is the Susquehanna Virtual Technology Conference, scheduled for March 4, 2022, with availability from 9:20 a.m. to 2:55 p.m. ET. These events will not be webcast, and interested institutional investors should contact their representatives or email investor relations.
Lumentum Holdings Inc. (LITE) has been awarded the prestigious 2021 Prime Minister's Industry Award in the Productivity category by Thai Prime Minister Prayut Chan-o-cha. This accolade acknowledges Lumentum's excellence in manufacturing efficiency at its Thailand facility. The award follows another recognition in 2020 for Outstanding Achievement in Quality Management, affirming the company's commitment to continuous improvement and high-quality production. The Prime Minister's Industry Award celebrates enterprises that contribute significantly to Thailand's economy and society.
Lumentum Holdings reported fiscal Q2 2022 net revenue of $446.7 million, down 0.4% quarter-over-quarter and 6.7% year-over-year. GAAP net income was $56.7 million or $0.75 per diluted share. Supply shortages, worsened by COVID-19, are expected to impact Q3 revenue by over $65 million, but Lumentum anticipates a revenue increase in Q4. The company expects Q3 revenue between $375 million and $405 million, with non-GAAP diluted EPS of $1.01 to $1.19.
NeoPhotonics Corporation (NYSE: NPTN) announced that its stockholders have overwhelmingly approved the merger with Lumentum Holdings Inc. (NASDAQ: LITE), with 99.5% of votes in favor, representing 76.3% of outstanding common stock. The merger is contingent on customary closing conditions and requires approval from the State Administration for Market Regulation in China. The transaction is expected to finalize in the second half of 2022.
Lumentum Holdings (NASDAQ: LITE) and NeoPhotonics Corporation (NYSE: NPTN) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, a significant step toward finalizing their merger agreement previously announced on November 3, 2021. The transaction is pending other customary conditions, including NeoPhotonics stockholder approval and clearance from the State Administration for Market Regulation in China. The deal is anticipated to close in the second half of 2022.
Lumentum Holdings will announce its fiscal second quarter 2022 financial results on February 3, 2022, before the market opens. A conference call is scheduled for 5:30 a.m. PT / 8:30 a.m. ET on the same day, with a live webcast available on their website. Participants are advised to dial in 10 minutes early and can pre-register for immediate access. A replay will be available from February 3 to February 10. Lumentum, listed under NASDAQ: LITE, specializes in optical and photonic products for various applications.
Hesai and Lumentum have announced a partnership to develop hybrid solid-state LiDAR solutions for advanced driver-assistance systems (ADAS). This collaboration aims to enhance the cost-effectiveness and scalability of LiDAR technology, crucial for autonomous vehicles. Lumentum's VCSEL array technology will be integrated into Hesai's AT128 LiDAR, promising improved affordability and automotive-grade reliability. High-volume shipments of the AT128 are expected to begin in 2022, addressing industry demands for advanced sensing capabilities.
Lumentum Holdings Inc. has been awarded the Best Comprehensive Performance Award by ZTE Corporation during the 2022 ZTE Global Partners Day. This recognition highlights Lumentum's overall quality, leading technology, and timely delivery of optical transport and transmission components for telecom and data center applications. Lumentum's Vice President of Sales, T.J. Lu, expressed pride in the achievement, affirming the company’s commitment to innovation and customer satisfaction. The award reflects Lumentum's robust portfolio and its ability to meet evolving customer needs in the optical communications sector.
Lumentum Holdings has announced its participation in several upcoming virtual investor events scheduled for late November and December 2021. Key events include the Nasdaq 45th London Investor Conference on November 30 at 12:30 p.m. ET, the Raymond James 2021 Technology Investors Conference on December 6 at 9:40 a.m. ET, and the Barclays Global Technology Conference on December 7 at 9:10 a.m. ET. Additionally, Lumentum will be available at the D.A. Davidson Semicap, Laser & Optical Conference on December 15 from 9:00 a.m. to 1:45 p.m. ET. Webcasts will be accessible on their investor relations website.
Lumentum, a leading provider of VCSEL arrays, announced the expansion of its offerings with high-performance 1D and 2D addressable arrays aimed at LiDAR and 3D sensing applications. These arrays enhance optical power density and efficiency, essential for longer-range applications like autonomous vehicles. The new technology, expected to launch in Q4 2022, eliminates mechanical beam scanning, paving the way for innovative solutions in various industries.