Marvell in Advanced Talks to Acquire Lumentum; Nvidia Deal and $10B Revenue Outlook in Focus
LITE has more than doubled off its 52-week low of $184.2.
Summary
Marvell is in advanced, confidential talks to acquire Lumentum, with no final agreement announced — a potential takeout of the photonics supplier that sent shares up in after-hours trading. The report lands alongside Nvidia's multiyear, nonexclusive deals for advanced lasers and optical components, which came with a $2B equity investment in Lumentum. Management sees data-center demand strong enough to support supply commitments into 2029, with revenue around $6.3B this year rising toward $10B next year. That outlook is a big step up from the $3.0B FY26 revenue base and the $1.225B-$1.275B Q1 FY2027 guide given in August. The acquisition talk is the swing factor: a confirmed deal would put a control premium on the stock, while talks collapsing would leave the Nvidia supply relationship and the revenue ramp as the standalone story.
At the time of this announcement, LITE was trading at $992.98 on NASDAQ in the Technology sector, with a market capitalization of approximately $82.8B. The 52-week trading range was $184.20 to $1,143.00. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.