Lumentum earnings call: Bullish on 3DS, building towards 2H acceleration [Seeking Alpha]
Lumentum Holdings Inc. (LITE)
Last lumentum holdings inc. earnings: 2/4 07:30 am
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investor.lumentum.com/investors/default.aspx
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Source: Seeking Alpha
Lumentum earnings call: Bullish on 3DS, building towards 2H accelerationOn the earnings call, Lumentum (LITE+13.8%) is bullish on the 3D sensing market, saying the market is accelerating with clear momentum.Expects 3DS market volume should more than double this year with a $1B annual market within the next two years.Company says 3DS sales in March quarter down 60% on the quarter due to seasonal demand in consumer electronics. Lumentum is expecting a new Android customer but will only add a few million to Q3.The first half of the year will have investing and inventory build for 2H ramp and acceleration.Management doesn’t expect auto adoption of 3DS to show meaningful revenue until 2020.Other 3DS stocks moving with the earnings: II-VI (IIVI+6.2%) and Finisar (FNSR+10.5%).Previously:Lumentum +2.7% after Q2 beats, downside guidance (Feb. 6)See all stocks on the move »Now read:Applied Opto: Income Idea »
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News
- Lumentum Awarded Platinum EcoVadis Medal for Second Consecutive Year [Yahoo! Finance]Yahoo! Finance
- Lumentum Awarded Platinum EcoVadis Medal for Second Consecutive YearBusiness Wire
- Lumentum to Announce Fiscal Third Quarter 2024 Financial Results on May 6, 2024 [Yahoo! Finance]Yahoo! Finance
- Lumentum to Announce Fiscal Third Quarter 2024 Financial Results on May 6, 2024Business Wire
- 800G Optical Transceiver Market Size to Grow USD 898.6 Million by 2029 at a CAGR of 14% | Valuates Reports [Yahoo! Finance]Yahoo! Finance
LITE
Earnings
- 2/8/24 - Beat
LITE
Sec Filings
- 2/27/24 - Form 8-K
- 2/20/24 - Form 4
- 2/20/24 - Form 4
- LITE's page on the SEC website