Showing posts with label Lumentum. Show all posts
Showing posts with label Lumentum. Show all posts

Thursday, June 3, 2021

Lumentum intros 400G CFP2-DCO coherent modules, PAM4 DMLs with 2 km reach for 400G+

At next week's virtual Optical Fiber Communication Conference (OFC) Lumentum will introduce new 400G CFP2-DCO coherent modules, enhanced PAM4 DMLs with 2 km reach for 400G+ applications, and expanded WSS capabilities.

The new high-performance 400G CFP2-DCO coherent transmission modules build on the company's existing its 200G CFP2-DCO coherent pluggable transceiver modules, enabling next-generation data center interconnects (DCI) and metro/regional to long-haul coherent networks at bit rates of 100G, 200G, 300G, and 400G. The new flex-coherent module supports all major industry initiatives including OpenROADM, OpenZR+, and OIF 400G ZR. It also adds numerous innovative proprietary modes when best performance is needed and cross-vendor interoperability is not. In addition, it supports L1 encryption, Link Layer Discovery Protocol, and Overhead IO channel. Currently, the 400G CFP2-DCO is shipping as beta samples with production release planned for the third quarter of 2021. To sample the 400G CFP2-DCO, contact a Lumentum representative at customer.service@lumentum.com.

High-Speed 100G PAM4 DML for up to 2 km Data Center Reach 400G+ Applications - Lumentum has enhanced its latest 100G PAM4 (53 Gbaud) directly-modulated laser (DML) to expand the usage from 500m for 100G DR and 400G DR4 and 100m for 800G PSM8 DR4, to also transmit up to 2 km for 100G FR and 400G FR4 CWDM transceiver module applications. These DMLs satisfy the needs of customers seeking lower cost and lower power consumption solutions by providing a smaller footprint with fewer components needed to operate in high-speed transceiver applications. To request beta samples of the new 100G PAM4 DML for 2 km applications, contact a Lumentum representative at customer.service@lumentum.com.

Expanded Capability for its TrueFlex wavelength selective switches (WSS) to now support all spectral bands, including C-band, L-band, and extended C-band for next-generation colorless, directionless, and contentionless (CDC) and colorless, directionless (CD) ROADM architectures. Additionally, Lumentum has reinforced their exceptional manufacturing scale with production, agility, and flexibility to rapidly respond to changes in requested build configurations and spectral bands across any of its high-performance WSS products. Lumentum's best-in-class lead on WSS delivery continues to be a critical enabler for network operators worldwide as they resume buildouts of massively-scalable and flexible high-capacity optical networks.

https://www.lumentum.com/en/media-room/news-releases/lumentum-highlight-and-present-latest-innovations-ofc-2021-virtual-event

Wednesday, March 24, 2021

II-VI maintains its existing bid for Coherent, Inc.

II-VI is maintaining its current proposal to acquire Coherent, which will expire at Noon Pacific Time on Thursday, March 25, 2021.  II-VI believes its proposal would create significant value for the shareholders of both companies and remains superior to Lumentum’s latest proposal.


Under the terms of the II-VI proposal, Coherent’s shareholders would receive $220.00 in cash and 0.91 of a share of II-VI common stock for each Coherent share, which implies a total per share value of $287.18 based on the 10-day volume weighted average price (VWAP) of II-VI common stock for the period ending March 16, 2021, the day prior to the date II-VI submitted its current proposal.

https://ii-vi.com/ii-vi-incorporated-maintains-its-current-proposal-for-coherent/

Lumentum again raises bid for Coherent Inc.

On March 22, Lumentum increased its bid to acquire Coherent.Under the terms of the revised proposal, Coherent stockholders would receive $230.00 per share in cash and 0.6724 shares of Lumentum common stock for each Coherent share they own. Based on Lumentum's closing stock price on March 22, 2021, this equates to a consideration of $287.50 per Coherent share.Lumentum intends to finance the cash portion of the transaction through a combination of...

II-VI again raises its bid for Coherent

II-VI increased its offer to acquire Coherent Inc. to top the revised proposal from Lumentum on March 17th.Under the terms of the revised II-VI proposal, Coherent’s shareholders would receive $220.00 in cash and 0.91 of a share of II-VI common stock for each Coherent share, which implies a total per share value of $287.18 based on the 10-day volume weighted average price (VWAP) of II-VI common stock, ending March 16, 2021. II-VI continues to expect...


Tuesday, March 23, 2021

Lumentum again raises bid for Coherent Inc.

On March 22, Lumentum increased its bid to acquire Coherent.

Under the terms of the revised proposal, Coherent stockholders would receive $230.00 per share in cash and 0.6724 shares of Lumentum common stock for each Coherent share they own. Based on Lumentum's closing stock price on March 22, 2021, this equates to a consideration of $287.50 per Coherent share.

Lumentum intends to finance the cash portion of the transaction through a combination of cash on hand from the combined company's balance sheet, $3.25 billion in new debt financing from a fully committed Term Loan B and the previously announced $1 billion equity investment from Silver Lake.

https://www.lumentum.com/en/media-room/news-releases/lumentum-announces-revised-proposal-coherent-2



Wednesday, March 17, 2021

Lumentum again raises its bid for Coherent to $6.9 billion

Lumentum Holdings delivered a higher acquisition offer to Coherent's Board of Directors. The new cash and stock offer is valued at $6.9 billion. 

Under the terms of the revised proposal, Coherent stockholders would receive $220.00 per share in cash and 0.6100 shares of Lumentum common stock for each Coherent share they own. Using Lumentum's closing stock price as of March 16, 2021, this equates to a consideration of $275.00 per Coherent share. As part of Lumentum's revised proposal, Silver Lake, the global leader in technology investing, will make a $1 billion equity investment in the combined company.

"Our Board of Directors remains steadfast in our belief that the combination of Lumentum and Coherent will create a diversified industry leader best positioned to accelerate the future of photonics," said Alan Lowe, Lumentum President and CEO. "Based on additional work, we are confident that we can meaningfully exceed our prior synergy estimates and have identified an estimated $219 million to $244 million of annual run-rate synergies. We are pleased to now pursue this combination with the support of Silver Lake, whose investment is a compelling indicator of the power of this transformative opportunity. We look forward to combining the talented teams at Coherent and Lumentum at a time when global markets are increasingly relying on photonics products and technologies."


"We are very familiar with Lumentum and Coherent and have a clear line of sight into the unique breadth of opportunity created by this combination," said Ken Hao, Chairman and Managing Partner, Silver Lake. "We believe strongly in the potential of the increased scale, expanded portfolio, and bolstered capabilities of the proposed combination and look forward to supporting Alan and the management team as investors and a member of the Board."

https://www.lumentum.com/en/media-room/news-releases/lumentum-announces-revised-proposal-coherent-0

Coherent receives a higher offer from II-VI

On Friday, March 12, Coherent's board of directors once again determined that a revised acquisition proposal from II-VI Incorporated was a superior acquisition proposal. On Thursday, March 10, Coherent had announced a revised acquisition agreement with Lumentum.  Under the new deal with II-VI, each share of Coherent common stock would be exchanged for $195.00 in cash and 1.0 share of II-VI common stock at the completion of the transaction. ​

Coherent said it has notifed Lumentum that it intends to terminate their amended merger agreement unless Coherent receives a revised proposal from Lumentum by 11:59 p.m. Pacific Time on March 17, 2021.

 Lumentum agreed to acquire Coherent in a cash and stock transaction valued at $5.7 billion, with Coherent stockholders receiving $100.00 per share in cash and 1.1851 shares of Lumentum common stock for each Coherent share they own. The combination will create a leading photonics company with significant positions in the growing market for photonics, an expansive global customer base and a well-diversified revenue mix. The transaction value...


Friday, March 12, 2021

Coherent receives a higher offer from II-VI

On Friday, March 12, Coherent's board of directors once again determined that a revised acquisition proposal from II-VI Incorporated was a superior acquisition proposal. On Thursday, March 10, Coherent had announced a revised acquisition agreement with Lumentum.  Under the new deal with II-VI, each share of Coherent common stock would be exchanged for $195.00 in cash and 1.0 share of II-VI common stock at the completion of the transaction. ​

Coherent said it has notifed Lumentum that it intends to terminate their amended merger agreement unless Coherent receives a revised proposal from Lumentum by 11:59 p.m. Pacific Time on March 17, 2021.

 Lumentum agreed to acquire Coherent in a cash and stock transaction valued at $5.7 billion, with Coherent stockholders receiving $100.00 per share in cash and 1.1851 shares of Lumentum common stock for each Coherent share they own. The combination will create a leading photonics company with significant positions in the growing market for photonics, an expansive global customer base and a well-diversified revenue mix. The transaction value...


Wednesday, March 3, 2021

Lumentum introduces multi-junction VCSEL arrays for sensing applications

Lumentum introduced new high-power and high-efficiency five and six junction vertical cavity surface-emitting laser (VCSEL) arrays for advanced consumer, automotive LiDAR, and other 3D sensing applications.

Lumentum's multi-junction VCSEL arrays emit at 940 nm and 905 nm and are manufactured on the same production lines as current high-volume VCSEL array products serving the consumer electronics market. The company said these new VCSEL arrays enable much lower power dissipation, very high slope efficiencies, and record-breaking optical peak powers compared with existing devices. Optical powers exceeding 2 W per individual VCSEL emitter have resulted in over 800 W of peak power from a compact one square millimeter sized VCSEL array. The peak optical power, low thermal dissipation, and small die size of these new multi-junction VCSELs arrays are important to extending their use to high performance all-solid-state medium and long-range LiDAR.

"Automotive, consumer, and industrial customers increasingly need higher performance VCSEL arrays to drive increased functionality and adoption of LiDAR and 3D sensing enabled products," said Dr. André Wong, Vice President of 3D Sensing Product Line Management. "Our latest multi-junction VCSEL arrays continue our long history of pioneering innovative optical solutions in close collaboration with customers. These new products leverage the well proven high-volume, 6-inch wafer supply that we established more than four years ago."

In addition to these new high-power VCSEL array illuminators, Lumentum also offers a wide variety of optical solutions for 3D sensing, automotive, and LiDAR applications. These include VCSEL solutions for vehicle in-cabin monitoring, high-performance Gallium Arsenide and Indium Phosphide edge-emitting laser chips for 3D sensing and LiDAR, and 1550 nm narrow-linewidth DBR diode lasers for long-range frequency-modulated continuous-wave (FMCW) coherent LiDAR.

https://www.lumentum.com/en/media-room/news-releases/lumentum-announces-five-and-six-junction-vcsel-array-products-advanced

Tuesday, February 2, 2021

Lumentum reports record revenue, strength in telecom and lasers

Lumentum Holdings reported net revenue for its fiscal second quarter of 2021 of $478.8 million, with GAAP net income of $83.2 million, or $1.06 per diluted share. Net revenue for the fiscal first quarter of 2021 was $452.4 million, with GAAP net income of $67.1 million, or $0.86 per diluted share. Net revenue for the fiscal second quarter of 2020 was $457.8 million, with GAAP net income of $49.1 million, or $0.63 per diluted share.

"Combining the positive momentum from the prior quarter, with strengthened demand in Telecom and Lasers, we achieved new record revenue and non-GAAP gross margin, operating margin, and earnings per share in the second quarter," said Alan Lowe, President and CEO. "We are well positioned to grow revenue and earnings into the future. We have developed a broad portfolio of new products that address upcoming growth catalysts, completed our exit of low margin product lines that would have been a headwind to future growth, and lowered our fixed costs to enable stronger operating leverage and profitability as we grow."

https://www.lumentum.com/en/media-room/news-releases/lumentum-announces-fiscal-second-quarter-2021-financial-results

Tuesday, January 19, 2021

Lumentum to acquire Coherent for its photonics and laser expertise

 Lumentum agreed to acquire Coherent in a cash and stock transaction valued at $5.7 billion, with Coherent stockholders receiving $100.00 per share in cash and 1.1851 shares of Lumentum common stock for each Coherent share they own. The combination will create a leading photonics company with significant positions in the growing market for photonics, an expansive global customer base and a well-diversified revenue mix. The transaction value represents a premium of 49% to Coherent's closing price on January 15, 2021.

Coherent, which was founded in 1966 and is based in Santa Clara, California, is a leading supplier of photonics and lasers used in the microelectronics, precision manufacturing, instrumentation, and aerospace & defense markets. For its most recent fiscal quarter ended January 2, 2021, Coherent has announced preliminary revenue in the range of $325 - $327 million.

Lumentum, which is based in San Jose, California, is a leading supplier of photonic solutions for the Telecom, Datacom, and 3D Sensing markets.

Lumentum said the acquisition of Coherent accelerates its penetration of the more than $10 billion market for lasers and photonics outside of the communications and 3D sensing applications. Lumentum also expects photonics "to play an increasing role in the accelerating shift to increasingly digital and virtual approaches to work and daily life, addressing climate change, new approaches to health care and monitoring, and addressing new safety and security." The combined company is expected to generate more than $150 million in annual run-rate synergies within 24 months of the closing of the transaction.

"Today's announcement is an important advancement of Lumentum's strategy," said Alan Lowe, Lumentum President and CEO. "In our five years as a standalone public company, we have focused on developing the most innovative products and technology in our industry and partnering with market leading customers to help them compete and win in their markets. As we look ahead, we are thrilled to join forces with Coherent to create one of the world's largest and most diverse photonics technology companies with leading positions in the growing market for photonics. Coherent brings one of the most recognizable and respected brands in the photonics industry and a very talented and innovative team. By increasing our scale, expanding our portfolio, and bolstering our R&D capabilities at a time when global markets are increasingly relying on photonics products and technologies, we are confident in our combined ability to pursue exciting new growth opportunities.

"We are excited about the combination of Lumentum and Coherent, two iconic brands in their respective photonics markets. We anticipate the combined complementary product portfolio, breadth of customer application knowledge, and R&D capabilities, all based on photonics, will accelerate innovation and adoption of photonics across the many markets that we serve," said Andy Mattes, Coherent President and CEO. "We are excited to bring Coherent's strength in OLED display manufacturing, semiconductor wafer inspection and life science instrumentation to Lumentum's portfolio, to name but a few of the key applications we serve, and believe Lumentum's expertise and scale in world class photonics components and systems will accelerate Coherent's vertical integration and addressable market expansion in several high growth areas, such as directed energy in defense and precision battery welding in automotive."

Lumentum also announced preliminary results for its fiscal second quarter of 2021 ended December 26, 2020. The company expects net revenue of approximately $478.8 million; GAAP operating margin in the range of 22.6% to 24.1%; and GAAP diluted net income per share in the range of $0.98 to $1.06.

http://investor.lumentum.com

Lumentum completes acquisition of Oclaro

As expected, Lumentum closed its acquisition of Oclaro and trading in Oclaro common stock on the NASDAQ Stock Market has ceased. Under the terms of the merger agreement, Oclaro stockholders received $5.60 in cash and 0.0636 of a share of Lumentum common stock for each share of Oclaro common stock that is exchanged in accordance with the terms of the merger agreement. Lumentum financed the cash portion of the transaction consideration with cash...

Lumentum to acquire Oclaro for $1.8 billion

Lumentum agreed to acquire Oclaro for approximately $1.8 billion in cash and stock. Under the deal, Oclaro stockholders will be entitled to receive $5.60 in cash and 0.0636 of a share of Lumentum common stock for each share of Oclaro stock, representing a premium of 27% to Oclaro's closing price on March 9, 2018 and a premium of 40% to Oclaro's 30 day average closing price.  Oclaro stockholders are expected to own approximately 16% of the combined...


Monday, December 7, 2020

Lumentum samples 100G PAM4 directly-modulated laser


Lumentum announced sampling of a new 100G PAM4 (53 Gbaud) directly-modulated laser (DML) for hyperscale data center applications. 

The newly developed 100G PAM4 DML is manufactured with Lumentum's internal wafer production capabilities. It leverages InP technology, using a cavity design to operate with the same high-bandwidth performance of an EML in 100G and 400G applications, but in a small, simple, and cost-effective footprint. The latest DML can lower the cost of 400G DR4 compared with current laser alternatives. Additionally, 800G PSM8 modules can benefit from the capabilities of the new 100G PAM4 DML, which is important as data centers transition to these modules in future top-of-rack and leaf layer applications.

The new product joins Lumentum's portfolio of laser chips that enable a wide-range of MSA-compliant transceiver modules operating at multiple data rates and wavelengths. 

"This latest advancement helps to significantly reduce the cost of 400G DR4 modules in data center infrastructures," said Walter Jankovic, Lumentum Senior Vice President and General Manager, Datacom. "The 100G PAM4 DML goes beyond servicing the current need for cost-effective and innovative InP laser solutions at mass volume by enabling future intra-data center interconnects as the industry moves to 800G."



 

Tuesday, August 11, 2020

Lumentum posts quarterly sales of $368 million

Lumentum reported net revenue for its fiscal fourth quarter of 2020 was $368.1 million, with GAAP net loss attributable to common stockholders of $(4.6) million, or $(0.06) per diluted share. This compares with revenue of $402.8 million in the preceding quarter and revenue of $404.6 million for the same period a year earlier.

"Strong market demand and solid execution drove better than projected results across all financial metrics in our fourth quarter, especially gross margin and EPS," said Alan Lowe, President and CEO. "We head into fiscal 2021 with demand increasingly driven by new products and technologies, strengthened market positions, and an improving financial model with accruing benefits from acquisition synergies. We became a standalone public company five years ago and since then have significantly improved our financial performance every year. While we have accomplished a lot over the past five years, I believe our future is brighter than ever."

Key new product areas for Lumentum include:

  • Contentionless MxN and high-port count ROADMs to enable network capacity scaling
  • PIC based components and DCO modules to enable scaling to even higher network bandwidths
  • PAM4 and high-speed EMLs and DMLs to enable next generation datacenters and 5G networks
  • Highly-efficient VCSEL arrays for next generation contact-less biometric authentication,
  • computation photography, LiDAR, and other computer vision applications
  • Ultra-fast solid-state lasers for demanding semiconductor and display manufacturing applications 

Tuesday, May 5, 2020

Lumentum posts sales of $402.8 million, down 7% YoY

Lumentum reported net revenue for its fiscal third quarter of 2020, ended March 28, 2020, of $402.8 million, with GAAP net income of $43.4 million, or $0.56 per diluted share. Net revenue for the fiscal second quarter of 2020 was $457.8 million, with GAAP net income of $49.1 million, or $0.63 per diluted share. Net revenue for the fiscal third quarter of 2019 was $432.9 million, with GAAP net loss of $(74.3) million, or $(0.98) per diluted share. Non-GAAP net income for the fiscal third quarter of 2020 was $98.0 million, or $1.26 per diluted share. Non-GAAP net income for the fiscal second quarter of 2020 was $119.4 million, or $1.53 per diluted share. Non-GAAP net income for the fiscal third quarter of 2019 was $70.9 million, or $0.92 per diluted share.

COVID-19 revenue impact was more than $10 million higher than in prior guidance due to the spread beyond China late in the quarter.

"While the COVID-19 pandemic is currently impacting our ability to satisfy strong customer demand for our communications products, we believe the world's experience with COVID-19 will accelerate the shift to increasingly digital and virtual approaches to work, education, health care, entertainment, social interaction, and commerce, creating even more opportunity for Lumentum over the long-term", said Alan Lowe, President and CEO. "Our strategy of technology and product leadership in close alignment with market leading customers is even more apt in these times. The market and technology leadership positions and financial strength we have attained to date, with this strategy, position us well for the future."



https://www.lumentum.com/en/media-room/news-releases/lumentum-announces-fiscal-third-quarter-2020-financial-results

Wednesday, March 11, 2020

Lumentum introduces 980nm high-power pump lasers

Lumentum introduced a series of advanced 980 nanometer (nm) single-mode pump lasers that offer significantly higher power and higher efficiency, enabling high-density erbium-doped fiber amplifier (EDFA) designs.

Lumentum said its new pump lasers employ revolutionary chips that are based on Lumentum's field-proven, proprietary, high-reliability technology, but offer operating power levels from 250 mW to 1600 mW.

Highlights

  • The new 5200 Series is designed for undersea optical applications that require ultra-high reliability when pumping EDFAs in submarine repeaters and branching units. The new uncooled laser offers increased operating power up to 800 mW. Additionally, by employing new and innovative advancements in chip technology and high-reliability packaging, the 5200 Series improves customers' overall optical performance. The 5200 Series will be available in July 2020.
  • The H11 Series, an uncooled 3-pin low-profile planar pump laser with up to 250 mW output power, significantly reduces the overall pump laser size and power consumption. This laser series employs both an innovative distributed feedback (DFB) laser chip, which integrates a high-power laser and grating into a single high-reliability laser die, and an improved package design. The H11 Series provides a noise-free, narrowband spectrum under temperature, drive current, and optical feedback changes. The H11 Series will be available in May 2020.
  • The new D2 Series dual-chip 980 nm pump laser provides up to 1.6 W total optical output in a low-profile 14-pin butterfly package. The D2 Series also incorporates an innovative next-generation chip and semi-autonomous assembly technology, which significantly improves power and density. The D2 Series will be available in July 2020.

Lumentum delivers externally modulated lasers for 100G PAM4

Lumentum introduced three new high-speed datacom laser chips to enable the growth of future hyperscale data centers and 5G wireless applications.

  • 100G PAM4 Uncooled EMLs for Next-Generation Data Centers - Lumentum PAM4-optimized 53 Gbaud EMLs enable full C-temp transceiver designs without using a TE cooler. As a long-standing leader with expertise in complex EML technology, Lumentum has developed an industry-first uncooled, self-hermetic EML. Available to sample in Q3 2020, this laser chip will lead the transition in data center infrastructure from 100G to 400G by enabling a wide-temperature range and high-performance 2 km PAM4 modules.
  • 50G PAM4 VCSELs for High-Speed Short Reach Optical Networks - Enabled by its advanced 6-inch GaAs wafer foundry and its experience producing high-reliability 3D sensing VCSELs at high-volume, the Lumentum 50G (28 Gbaud) VCSEL provides unprecedented uniformity at scale. In addition, the VCSEL is suitable for non-hermetic applications from 0ºC to 80ºC, delivers extremely high yields, and is RoHS10 and Telcordia GR-468 compliant. This solution will be available to customers in Q2 2020.
  • 50G PAM4 DMLs for 5G Mid-haul, Backhaul, and Hyperscale Data Centers - Lumentum DMLs use a sophisticated cavity design to operate over wide and demanding temperature ranges. Offering higher-bandwidth, the 50G PAM4 (28 Gbaud) DMLs provide the equivalent performance of an EML, but in a smaller and more cost-effective footprint. This product is now available for sampling.

"To sustain the expected growth in these markets, customers critically need an experienced supplier that can provide high performance, high quality, and scalability," said Senior Vice President and General Manager, Datacom, Walter Jankovic. "At Lumentum, we leverage our high-volume manufacturing capability, unmatched materials, and laser device expertise in Indium Phosphide (InP) and Gallium Arsenide (GaAs), to meet our customer expectations for chip innovation at scale."

Tuesday, February 25, 2020

Lumentum withdraws from OFC

Lumentum confirmed that it will not attend the upcoming OFC 2020 conference and tradeshow scheduled for March 8-12 in San Diego due to the continuing spread of the COVID-19 coronavirus globally. This withdrawal includes all investor and industry events scheduled during OFC.

"Every year, we look forward to attending OFC to showcase our latest innovations and advancements in technology," said Alan Lowe, Lumentum President and CEO. "However, our highest priority is the health and safety of our employees, customers, and partners. This year, due to the rapidly evolving coronavirus outbreak, we believe we can better serve all of our stakeholders by exercising an abundance of caution and not attending OFC."

Monday, September 23, 2019

Lumentum demos coherent modules, WSS, PAM4-optimized EMLs

Lumentum is presenting its full-spectrum of optical communications solutions at ECOC 2019 in Dublin, including:

Coherent Network Transmission Products

  • Line-side coherent CFP2 Modules for 100G/200G+ transmission: Lumentum will exhibit both 100G/200G CFP2-ACO and CFP2-DCO coherent pluggable transceiver modules that leverage Lumentum's high-speed InP PIC devices.
  • Coherent building blocks: High-speed coherent components for 100G and beyond including integrated coherent TROSAs with up to 64 GBaud symbol rates, high-bandwidth integrated driver modulators, and micro and dual ITLAs.
  • Line-side direct-detect modules for 10G/25G tunable transmission: With more than 10 years of deployments and billions of device hours in the field, Lumentum is an established leader in tunable transmission for 10G and beyond. A broad range of tunable transmission products will be on display.

TrueFlex ROADM Portfolio

  • Next-generation TrueFlex contentionless twin 8x24 wavelength selective switch (WSS): the newest addition to Lumentum's ROADM portfolio, enables simplified add/drop port scaling to support capacity growth in CDC networks and eliminates the need for EDFA arrays in many network designs. In addition, Lumentum will feature the TrueFlex monitoring portfolio and the TrueFlex Micro WSS platform including the high-port count Micro Twin 1x20 and 1x35, the Micro 1x9, the Micro Twin 1x9, and the Nano 1x9.

High-Speed Datacom Laser Chips

  • DMLs: Lumentum DMLs offer high-reliability and use a pioneering cavity design to operate over the wide temperature ranges demanded by the latest 5G wireless systems.
  • EMLs: Lumentum PAM4-optimized EMLs enable next-generation 400G and single-lambda 100G solutions that reduce the cost per bit. Lumentum laser chips enable a wide variety of standards-compliant modules for high-speed networking.
  • VCSELs: Lumentum VCSELs for short-reach applications utilize Lumentum's experience in high-volume 3D sensing applications to deliver high-performance and cost-effective solutions to data centers and can be supplied as a single bare die, or 1x4 arrays.

Telecom Pump Lasers

  • Next-generation high-power and high-reliability 980 nm pump lasers: The next-generation family of 980 nm pumps offer a range of maximum output powers from 800 mW to 1000 mW in a variety of form factors.

SDN Open Networking Platform

The Open Networking Foundation (ONF) will perform a live open and disaggregated transport network (ODTN) demonstration using Lumentum's optical network elements at Demo 2. The live demo will showcase the use of the ONOS SDN controller for disaggregated transport networks, covering the provisioning of data connectivity services and demonstrating advanced automatic failure recovery and resiliency, at both the data and control plane level.

https://www.lumentum.com

Wednesday, August 28, 2019

Lumentum appoints Penny Herscher as Board Chair

Lumentum appointed Penny Herscher as chair of its board of directors.

Herscher was one of the founding board members of Lumentum as it spun out of JDSU in 2015.She currently also serves on the boards of Faurecia SA, Verint, and PROS Holdings, Inc. Ms. Herscher previously served as CEO of FirstRain, a privately held company in the unstructured data analytics space, as CEO of Simplex Solutions, a publicly traded electronic design automation company and in C-level and senior executive positions for Cadence Design Systems, Inc. and Synopsys, Inc.

"Penny has been an invaluable resource and trusted advisor on Lumentum's board since our inception when we spun off from JDSU," said Alan Lowe, President and CEO. "I look forward to working with Penny even more closely in her new role as board chair to deliver increasing value for our stakeholders."

"I am honored to have been appointed the chair of Lumentum's board of directors," said Ms. Herscher. "I am more optimistic than ever about Lumentum's opportunities—the world is increasingly reliant on Lumentum's leadership in photonic solutions across multiple, high-growth industries. I look forward to working with Alan and the board to continue to serve our customers and return value to our stockholders and employees."

Thursday, August 8, 2019

Lumentum posts stronger results even as sales to Huawei drop 25%

Lumentum reported net revenue of $404.6 million for its fiscal fourth quarter ended June 29, 2019, with GAAP net loss attributable to common stockholders of $(25.8) million, or $(0.34) per diluted share.

For comparison, net revenue for the preceding quarter was $432.9 million, with GAAP net loss of $(74.3) million, or $(0.98) per diluted share. A year ago, net revenue for the same period (fiscal fourth quarter of 2018) was $301.1 million, with GAAP net income of $25.7 million, or $0.40 per diluted share.

Optical communications revenue for the quarter was $356.8 billion, down 5.6% compared to the preceding quarter.

For the full fiscal year 2019, Lumentum reported net revenues of $1,565.3 million, with GAAP net loss attributable to common stockholders of $(37.9) million, or $(0.54) per diluted share.

"An eventful fourth quarter capped off an exciting fiscal 2019 during which we made significant progress against our strategic goals and achieved record results with revenue increasing 25% to more than $1.5 billion and operating margin expanding to more than 20%," said Alan Lowe, President and CEO. "With market leading positions in the growing telecom and 3D sensing markets, a datacom strategy that profitably benefits from growth in cloud and 5G wireless network deployments, a commercial lasers business that bucked market trends and grew to record levels, and a more profitable business model driven by the increased scale and synergies from the Oclaro acquisition, we are well positioned for fiscal 2020 and beyond."

Some highlights from Lumentum:


  • Non-GAAP Operating Margin up 120 bps Q/Q on lower revenue
  • Revenue declined 7% Q/Q to $404.6M
  • Huawei sales declined 25% Q/Q primarily impacting telecom
  • Lasers sales declined 13% Q/Q as expected due to customer inventory levels
  • Datacom sales declined 28% Q/Q due to transceiver product line exits and divestiture
  • Record datacom chip sales, which increased 11% Q/Q
  • Record ROADM sales despite geopolitical disruption in the quarter
  • Industrial & Consumer sales grew 13% Q/Q driven by growth in both industrial and 3D sensing


http://investor.lumentum.com/investors/default.aspx

Tuesday, May 7, 2019

Lumentum cites growth in ROADMs and lasers

Lumentum reported revenue of  $432.9 million for its fiscal third quarter ended March 30, 2019 compared to $373.7 million in the preceding quarter and $298.8 million for the same period last year. GAAP net loss for the quarter attributable to common stockholders of $(74.3) million, or $(0.98) per diluted share.

"The third quarter continued a theme that started more than a year ago for our ROADM and fiber laser product lines. For the fifth quarter in a row, we achieved double digit sequential, quarterly revenue growth and new record revenues for these product lines driven by strong customer demand for our new and differentiated products," said Alan Lowe, President and CEO.

"The third quarter was the first full quarter since completion of the acquisition of Oclaro.  We made solid progress on integrating the companies and attaining synergies, including the divestiture and planned exit of certain datacom product lines.  This continued progress results in our fourth quarter projected operating margins being sequentially higher on lower revenues after the divestiture and positions us well for achieving our long-term strategic goals."

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Monday, April 22, 2019

Lumentum completes divestiture to CIG

Lumentum completed its previously-announced divestiture of certain Lumentum datacom transceiver product lines to Cambridge Industries Group (CIG).

The products were originally developed and manufactured by Oclaro Japan.

CIG also entered into a long-term strategic supply agreement for Lumentum's photonic chips.

"The closing of the transaction with CIG is a key milestone in the shift in Lumentum's strategy to focus on photonic chips while continuing to participate in the anticipated large growth in datacom transceiver volumes driven by datacenter expansion and 5G wireless over the coming years," said Walter Jankovic, Lumentum's Senior Vice President and General Manager, Datacom. "We are highly focused on accelerating innovation at the photonic chip level and have a strong pipeline of new chip products."

As a result of the timing of the divestiture close, which occurred following the end of the fiscal third quarter, the divestiture will not impact Lumentum's financial results for the fiscal third quarter ended March 30, 2019.  Lumentum expects revenue from datacom transceivers will decline in the fiscal fourth quarter relative to the fiscal third quarter by approximately $20 million to $25 million, with approximately $20 million of the decline related to the divestiture and an additional $5 million due to continuing declines in remaining datacom transceiver revenues.

Tuesday, March 5, 2019

Acacia and Lumentum demo 200G Interoperability in CFP2-DCO

Acacia Communications and Lumentum successfully demonstrated interoperability between their respective CFP2-DCO modules operating at 200G.

The modules, based on Acacia's Meru DSP ASIC, demonstrated 200G transmission over an amplified link with greater than 1,000 km of standard single mode fiber, using high-performance 8QAM and 16QAM operating modes.

The companies said CFP2-DCOs are becoming increasingly important for higher-speed optical networks because they integrate the coherent DSP into the pluggable module. The digital host interface enables simpler integration between module and system resulting in faster service activation for telecommunication providers, and a pay-as-you-grow deployment model whereby the cost of additional ports can be deferred until additional services are needed.

"This demonstration of interoperability at 200G highlights the value that we intended to create through our collaboration with Lumentum on the CFP2-DCO," said Benny Mikkelsen, Founder and Chief Technology Officer of Acacia Communications. "Historically, interoperability in commercially available products has been limited to lower performance at 100G data rates. We believe that Meru-based modules are the only commercially available CFP2-DCO modules supporting 8QAM and 16QAM modulation at 200G."

"Industry trends are moving toward increasing multi-vendor interoperability, motivated by the needs of network operators," said Beck Mason, Senior Vice President, General Manager, Telecom Transmission at Lumentum. "Our CFP2-DCO module, based on our proven Indium Phosphide PIC technology, supports both standards-based interoperability at 100G, as well as higher performance modes at 100G and 200G.