http://www.iccsz.com//Site/CN/News/2024/05/07/20240507014215921595.htm

Summary: Lumentum CEO said third-quarter revenue and earnings per share beat the median estimate, with data center revenue hitting a new quarterly record. Revenue in the coming quarters will continue to be weighed down by inventory challenges from telecom customers as telecom spending slows, but the company is confident in the recovery and growth of its telecom business going forward.

SAN JOSE, Calif., May 6, 2024 (GLOBE NEWSWIRE) -- Lumentum Holding Inc. ("Lumentum" or the "Company") today announced its financial results for the third quarter of fiscal 2024 ended March 30, 2024.

Alan, President and CEO of Lumentum "Lumentum has the ability to capitalize on the surging demand for cloud data centers driven by exponential growth in demand for AI," Lowe said. We have made significant progress in developing new products and customer programs and expanded our production capacity so that we can take advantage of this exciting opportunity, which we expect for calendar year 2025 and beyond

Revenues will grow significantly. ”

"Our third-quarter revenue and earnings per share beat our median expectations, and our data center revenue hit a new quarterly record. Revenue in the coming quarters will continue to be weighed down by inventory challenges from telecom customers as telecom spending slows, but we are confident in our market position and the recovery and growth of our telecom business going forward," Mr Lowe concluded.

Cloud and network sector performance analysis

- Group revenue increased 9% sequentially and 7% year-over-year, driven by record cloud data center revenue, partially offset by weakness in telcos
- Significant progress on new significant data center opportunities driving calendar year 2025 revenue growth
- Investing in Significant Transceiver Manufacturing Capacity in Thailand to Meet Growing Demand from Multiple Customers
- Initial volume shipments of the 200G/lane device and associated 800G/1.6T transceivers are expected to begin in the second half of calendar year 2024
– sampling 800ZR/ZR+ to core customers DCI Modules
- 130&200 GBaud Coherent Devices Gradually Entering Next-Generation Telecom Systems
for Network Equipment Manufacturers - As transmission approaches the Shannon limit, the new integrated C+L-band ROADM that supports network capacity expansion is gaining popularity