Lumentum Guides Q1 Revenue to $1.23B-$1.27B, Topping Views
LITE has more than doubled off its 52-week low of $111.2.
Summary
Lumentum issued Q1 revenue guidance of $1.23B-$1.27B, above the $1.21B consensus, with the midpoint of $1.25B implying roughly 5% sequential growth from the strong Q3 that included a $2B NVIDIA deal. The company also guided Q1 adjusted EPS to $4.05-$4.35. This follows the June convertible note exchange that reduced debt and the July retirement announcement of EVP Vincent Retort. The guidance suggests sustained demand in optical networking, likely tied to AI infrastructure buildouts. No earnings call date was provided.
At the time of this announcement, LITE was trading at $817.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $63.8B. The 52-week trading range was $111.20 to $1,085.68. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.