The Latest Breaking News from Lumentum

Lumentum Holdings Inc. (NASDAQ:LITE) will release earnings results for the fourth quarter, after the closing bell on Tuesday, Aug. 12.

With Lumentum shares skyrocketing over the past year, can this growth stock keep climbing?

Down more than 20% from all-time highs, Lumentum is a manufacturing company that develops products for growth markets such as data centers and AI.

This overlooked AI infrastructure stock is outperforming the market, and is expected to be profitable by FY 2025.

After Nvidia's latest earnings report, these AI stocks could be set for significant growth as data center revenue surges.

Lumentum Holdings Inc (NASDAQ:LITE) reported third-quarter FY22 revenue of $395.4 million, down 5.7% year-on-year, in line with the consensus. Optical Communications revenue declined 11.3% Y/Y to $344.2 million, and Lasers revenue rose 62% Y/Y to $51.2 million. Margins: The non-GAAP gross margin contracted 40 bps to 49.5%. The non-GAAP operating margin compressed 140 bps…

Lumentum Holdings Inc (NASDAQ:LITE) reported second-quarter FY22 revenue of $446.7 million, down 6.7% year-on-year, beating the consensus of $445.5 million. Optical Communications revenue declined 11.5% Y/Y to $397.4 million, and Lasers revenue rose 66% Y/Y to $49.3 million. The non-GAAP gross margin contracted 240 bps to 51%. The non-GAAP operating margin compressed 380…