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Lumentum

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Lumentum Operations LLC: Market Research Report



Company Overview



Name and Mission of the Company


Lumentum Operations LLC: Delivering game-changing photonics innovation to enable breakthrough advancements in technology that transform the way the world connects, creates, and interacts.

Company History


  • Founded: The company officially became an independent publicly-traded entity on August 1, 2015, after being spun off from JDS Uniphase Corporation (now Viavi Solutions Inc.).

  • Key People:

  • Alan Lowe - President and CEO

  • Wajid Ali - Executive Vice President and CFO

  • Chris Coldren - Senior Vice President, Chief Strategy and Corporate Development Officer

  • Jae Kim - Senior Vice President, General Counsel and Secretary

  • Grace Lee - Executive Vice President and Chief Human Resources and Diversity Officer

  • Jason Reinhardt - Executive Vice President and General Manager

  • Vince Retort - President, Industrial Tech and Chief Business Officer

  • Misha Rozenberg - Executive Vice President, Global Operations, and Chief Quality Officer

  • Wupen Yuen - President, Cloud and Networking


Headquarters


Address: 1001 Ridder Park Drive, San Jose, CA 95131, USA

Number of Employees


No information is available.

Revenue


  • Fiscal Year 2024:

  • Total Revenue: $1,359.2 million

  • Q4 2024 Revenue: $308.3 million


Core Competencies


Lumentum is known for its extensive portfolio of innovative photonic products that address the growing amount of data traversing global communication networks. Their products are heavily utilized in industries ranging from telecommunications to data centers, as well as advanced manufacturing and automotive sectors.

Products



Product Offerings


1. Cloud and Networking
  • Optical Solutions: Critical for enabling high-speed, data-intensive connectivity.

  • Components: Laser chips (EMLs, DMLs, VCSELs), coherent transceivers, tunable transmission modules, TrueFlex® ROADMs, and pump lasers for undersea networks.


2. Industrial Tech
  • Industrial Lasers: High-power kilowatt class lasers for precision cutting and welding.

  • Ultrafast Lasers: Used in solar cell manufacturing and advanced displays.

  • Diode Lasers: Applications include next-generation sensing for autonomous vehicles, in-cabin monitoring solutions using VCSELs.


Key Features and Innovations


  • 800G ZR/ZR+ Transceivers: Crucial for data center connectivity, enabling IP over DWDM integration directly into network switches and routers.

  • TrueFlex® 16x26 Contentionless Wavelength Selective Switch (WSS): Enhances fiber pair utilization and supports scalable CDC network architectures.

  • InP-Based 130+ GBaud Smart TROSA: Facilitates up to 800 Gbps data rates on a single wavelength, critical for AI and ML applications.


Recent Developments



New Products and Features


  • 800G ZR/ZR+ Pluggable Modules: Collaborated with Marvell and Coherent to demonstrate industry-first 800G ZR/ZR+ pluggable modules for 500km data center interconnects.

  • 10 W 940 nm VCSEL array: Enhanced in-cabin applications.

  • M54-110, M Series VCSEL Products: Optimized for next-generation LiDAR applications.


Recent Achievements and Recognitions


  • EcoVadis Platinum Medal (2023 and 2024): Top sustainability recognition, scoring in the top 1% of companies assessed.

  • Lightwave Innovation Review Awards (2024): Multiple products recognized, including 800G ZR/ZR+ transceivers and TrueFlex® WSS.


Financial Performance


  • Fiscal Fourth Quarter 2024:

  • GAAP Operating Loss: 43.3%

  • Non-GAAP Operating Margin: Negative 0.3%

  • Net Loss Per Share: $3.72 (GAAP); $0.06 (Non-GAAP)


  • Fiscal Year 2024:

  • Net Revenue: $1.36 billion

  • Non-GAAP Net Income: $68.7 million, or $1.01 per diluted share


Environmental and Social Commitment


  • Net-Zero GHG Emissions by 2030: Significant progress in reducing GHG emissions by 25% in FY 2023.

  • Renewable Energy: Doubled renewable energy use from 31% to 61% in FY 2023.

  • Non-Hazardous Waste: Achieved a 70% diversion rate in FY 2023.


Strategic Partnerships and Acquisitions


  • Cloud Light Acquisition: Enhancing capabilities in cloud and AI networking solutions.


Conclusion


Lumentum is a prominent player in photonics and optical networks, making continuous strides in innovation and sustainability. Their recent developments and strategic efforts have positioned them strongly in the rapidly evolving markets of cloud networking and industrial technology.