Results for: Datacom

Lumentum Holdings Inc. (LITE) delivered impressive first-quarter financial results, exceeding both revenue and earnings per share expectations. The company also issued robust second-quarter guidance, fueled by strong demand in the datacom market, particularly for 200G EML orders. This positive news sent Lumentum shares soaring by 13.2% on Friday, prompting several analysts to revise their price targets upwards.

Lumentum Holdings Inc. (LITE) exceeded analysts’ expectations for both earnings and revenue in the fourth quarter, driven by strong demand for datacom chips used in data centers. The company also issued optimistic revenue guidance for the first quarter, indicating continued growth in cloud and AI markets.