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Lumentum Is Sold Out Through 2029. Wedbush Thinks That Could Be Bullish for GlobalFoundries. Is It?

Lumentum Wedbush GFS Marvell Artificial Intelligence

The broader photonics market is expanding. Fortune Business Insights estimates its value at approximately $1.1 trillion in 2026 and projects a value of $1.9 trillion by 2034, a 6.7% compound annual growth rate (CAGR). Those figures cover applications ranging from displays to healthcare, rather than artificial intelligence (AI) optical connectivity alone.

Within that broader market, Lumentum (LITE) offers a signal of demand. CEO Michael Hurlston recently said that the company's components were sold out through 2029. Hurlston added that Lumentum cannot meet roughly 70% of demand for some products through 2027 and 30% for others through 2028.

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Hurricane Trudy brings heavy rain and strong winds to Mexico’s Pacific coast

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Watch: French protesters loot Hermès, Apple and other luxury stores across cities

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One subscription that gives you access to news from hundreds of sites

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Zelenskyy questions Starlink speed restrictions in Ukraine, disputes Musk’s explanation

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