Lumentum Beats Q4 Estimates: CEO Says Data Centers Turn Increasingly to Optical Links
Lumentum Holdings Inc. (NASDAQ: LITE ) posted its fourth-quarter results after Tuesday’s closing bell, beating analyst estimates on the top and bottom lines. Here’s a look at the details inside the report. LITE stock is moving. Watch the price action here. Lumentum Q4 Details Lumentum reported quarterly earnings of $3.23 per share, which beat the consensus estimate of $2.97 by 8.75%, according to Pro data. Quarterly revenue came in at $1.01 billion, which beat the Street estimate of $987.89 million and was more than double $480.7 million from the same period last year. “Lumentum is positioned at the heart of a secular industry shift. As AI compute workloads increase in both speed and bandwidth, data center architects are turning to optical links as a primary means of connectivity,” said CEO Michael Hurlston. Read Also: QUICK SPARK: NYC Mayor Mamdani Named Florida...
Lumentum Holdings Inc. (NASDAQ: LITE ) posted its fourth-quarter results after Tuesday’s closing bell, beating analyst estimates on the top and bottom lines. Here’s a look at the details inside the report. LITE stock is moving.
Watch the price action here. 75%, according to Pro data. 7 million from the same period last year. “Lumentum is positioned at the heart of a secular industry shift.
As AI compute workloads increase in both speed and bandwidth, data center architects are turning to optical links as a primary means of connectivity,” said CEO Michael Hurlston. 16 billion estimate. 90 in Tuesday’s extended trading. Photo: Shutterstock