Lumentum revenue more than doubles on AI optics demand, shares rise 2% after hours

Lumentum Holdings Inc. reported fiscal-fourth-quarter revenue of about $1.01 billion, up 109% year over year, driven by AI data-center demand for optical components, and guided September-quarter revenue to $1.225 billion–$1.275 billion. Shares rose about 2% in after-hours trading on August 11.

Lumentum revenue more than doubles on AI optics demand, shares rise 2% after hours - Fiscal-fourth-quarter revenue reached about $1.01 billion, up 109% year over year, while adjusted earnings per share came in at $3.23. 1 https://www.marketwatch.com/story/lumentum-sees-sales-more-than-double-as-ai-demand-swells-6ebe6ef1?mod=mw rss topstories - Lumentum guided for September-quarter revenue of $1.225 billion to $1.275 billion and a non-GAAP operating margin of 39.5% to 40.5%. 1 https://www.marketwatch.com/story/lumentum-sees-sales-more-than-double-as-ai-demand-swells-6ebe6ef1?mod=mw rss topstories - Shares rose about 2% after hours on August 11 despite the sharp increase in revenue. 2 https://www.marketwatch.com/story/lumentum-sees-sales-more-than-double-as-ai-demand-swells-6ebe6ef1?mod=mw rss topstories Lumentum’s revenue more than doubled in its fiscal fourth quarter as cloud and AI data-center customers increased purchases of optical components, transceivers and related systems. The company reported revenue of about $1.01 billion, up 109% from a year earlier, and adjusted earnings per share of $3.23. 1 https://www.marketwatch.com/story/lumentum-sees-sales-more-than-double-as-ai-demand-swells-6ebe6ef1?mod=mw rss topstories The San Jose, California-based company forecast fiscal first-quarter revenue of $1.225 billion to $1.275 billion, with non-GAAP operating margin of 39.5% to 40.5%. The outlook extends a growth streak that has been driven by demand for the optical links that move data among AI servers and through data-center networks. 1 https://www.marketwatch.com/story/lumentum-sees-sales-more-than-double-as-ai-demand-swells-6ebe6ef1?mod=mw rss topstories Companies mentioned Further sources The stories that matter, in one email. Free — unsubscribe anytime.