Despite another quarter of revenue declines, Lumentum is more optimistic about double-digit revenue growth in the second half of 2022 and throughout 2023.
This inaugural report commences Cignal AI’s complete coverage of Optical Components, including both revenue and detailed component shipments.
Optical component revenue was down slightly for the quarter, but strong Datacom results and indicators of future growth are grounds for optimism.
Although Lumentum posted revenue declines in both Telecom and Datacom, segments the company is optimistic about long-term growth in the two markets.
Marvell’s Industry Analyst Day provided excellent insight into the company’s views on the roadmaps for intra-datacenter and pluggable coherent optics.
Despite supply chain issues, II-VI expects revenue growth in optical communications and consumer components.
Lumentum’s revenue above guidance was overshadowed by the announcement to purchase Neophotonics.