Lumentum Holdings Inc. announced the appointment of Michael Hurlston as its new President and Chief Executive Officer, effective February 7, 2025. Hurlston, a technology executive with over 30 years of experience, previously served as President and CEO of Synaptics, Inc. and CEO of Finisar Corporation.
Alan Lowe, who served as President and CEO since 2015, will retire from his role but will continue to serve on Lumentum’s Board of Directors and as an advisor. The Board expressed confidence that Hurlston's global experience in semiconductors and optical communications will help accelerate Lumentum's cloud/AI data center strategy and growth in networking and industrial markets.
Concurrently, Lumentum provided preliminary results for the fiscal second quarter of 2025, expecting net revenue to be approximately $402 million. This figure is at the high end of, or above, the company’s prior financial guidance of $380 million to $400 million. Non-GAAP diluted earnings per share are anticipated to be in the range of $0.40 to $0.42, also at the high end of, or above, the previous guidance of $0.30 to $0.40.
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