Lumentum’s revenue falls 6.7% year-on-year to $447m

What happened

Lumentum reported fiscal Q2 2022 revenue of $446.7 million, a 6.7% year-over-year decline and a slight sequential drop of 0.4%. The decrease reflects ongoing softness in demand for optical components and lasers in certain end markets. Bearish: This signals continued demand weakness, potentially leading to inventory pressure and price concessions in the photonics supply chain.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 2/4/2022 · View original source