Net revenue of $366.8 million
GAAP gross margin of 17.4%; Non-GAAP gross margin of 32.6%
GAAP operating loss of 28.7%; Non-GAAP operating margin of 3.5%
GAAP diluted net loss per share.
Lumentum Announces Fiscal First Quarter 2024 Financial Results streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Combination expected to deliver a more than five-fold expansion in Lumentum’s cloud intra-data center served opportunity
Served opportunity expected to grow at over 30% CAGR through 2028,.
Lumentum Holdings Inc. (LITE) announced on Monday that it will acquire Cloud Light Technology Limited for a transaction value of approximately $750 million. This acquisition is expected to accelerate Lumentum's penetration into the fastest-growing segments of the multibillion-dollar opportunity for optical modules utilized in cloud computing data center infrastructure.
Lumentum Holdings (LITE) Acquires Cloud Light Technology for $750M streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.