NuAxiSemiconductor trade intelligence
Lumentum’s quarterly revenue falls 27.5% to $366.8m
What happened
Lumentum reported fiscal Q2 2024 revenue of $366.8M, down 27.5% YoY but up 15.5% sequentially, beating guidance. The sequential growth was significantly boosted by strong shipments of 800G transceivers for AI platforms from its recent acquisition of Cloud Light Technology. Watch: Mixed signals with weak overall telecom demand but surging AI-related optical component demand from data centers.
Impact and signal
Medium impactImpact score: 60/100
Affected components and suppliers
800G Optical TransceiversOptical Components
Lumentum Holdings IncCloud Light Technology Ltd
earningsmaai-demand
Source and time
Source: Semiconductor Today · 2/12/2024 · View original source
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