Lumentum Holdings Inc. develops and manufactures optical and photonic products for AI and cloud data-center connectivity, telecom networks, industrial manufacturing, sensing and life-science uses. Its recurring news includes quarterly financial results, product demonstrations for scale-out, scale-up and scale-across optical infrastructure, and updates on lasers, modules, transceivers, optical subsystems and indium phosphide devices.
Company announcements also cover investor conferences, index-related milestones, and capacity or customer developments tied to high-speed data-center and networking demand. The business is commonly reported through its Optical Communications and Commercial Lasers activities, including components for access, metro, long-haul and submarine network applications.
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.
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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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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.