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Lumentum Holdings Inc. (LITE)

$200.11
-14.17 (-6.61%)

Data provided by IEX. Delayed 15 minutes.

Market Cap

$13.9B

P/E Ratio

536.2

Div Yield

0.00%

52W Range

$49.56 - $214.28

Company Profile

At a glance

Lumentum is strategically pivoting to capitalize on the explosive growth in Cloud and AI markets, leveraging its differentiated optical and photonic technologies to address critical connectivity and power challenges.

Recent financial performance shows a strong rebound in the Cloud Networking segment, driven by robust hyperscale demand, improving network equipment manufacturer trends, and initial contributions from the Cloud Light acquisition.

The company is aggressively expanding manufacturing capacity for key components like EML lasers and high-speed transceivers outside of China to meet surging demand and enhance supply chain resilience, despite near-term allocation constraints for EMLs.

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