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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 announced participation in the Jefferies Virtual Semiconductor, IT Hardware & Communications Infrastructure Summit on September 2, 2020. The event will feature virtual 1x1 meetings from 9:30 a.m. to 7:30 p.m. Eastern Time (6:30 a.m. to 4:30 p.m. Pacific Time). Lumentum, traded under the stock symbol LITE, specializes in optical and photonic products used in networking and laser applications globally. Headquartered in San Jose, California, the company supports telecom and enterprise networks and advanced manufacturing technologies.
Lumentum Holdings reported its fiscal fourth quarter and full year results for 2020, highlighting a net revenue of $1,678.6 million for the year, up 7.2% from 2019. The company achieved a GAAP net income of $135.5 million, or $1.75 per diluted share. In Q4, net revenue was $368.1 million, a decrease of 8.6% from Q3. Non-GAAP net income for Q4 was $91.7 million, or $1.18 per diluted share. Looking ahead, Lumentum anticipates Q1 2021 net revenue between $430 million to $455 million with non-GAAP EPS guidance of $1.40 to $1.55.
Lumentum Holdings Inc. will announce its fiscal fourth quarter and year 2020 financial results on August 11, 2020, after market hours. The results will cover the period ending June 27, 2020. A conference call is scheduled for 5:30 a.m. PT the same day, with a live webcast available on the company’s Investor Relations website. Additionally, a replay of the call will be accessible from August 11 to August 18. Lumentum is recognized for its advanced optical and photonic products, serving diverse markets including telecom and manufacturing.
Lumentum Holdings is set to showcase its innovative solutions at LASER World of PHOTONICS CHINA 2020 from July 3-5 in Shanghai. The company will present its ultrafast industrial lasers, including the new PicoBlade 3, designed for enhanced processing efficiency. Highlights include the CORELIGHT Series of high-power fiber lasers for diverse applications and reliable diode lasers for 3D sensing and LiDAR. Lumentum aims to demonstrate its advancements in micromachining and material processing technologies, emphasizing quality and reliability.