Lates News

The president and CEO of the leading optoelectronics company Lumentum (LITE.O), Michael Hurlston, stated that Lumentum's performance in the third quarter was outstanding, with a 90% year-on-year increase in revenue, reaching a historical high of $808 million. While the revenue growth continues to grab headlines, what is more impressive recently is the improvement in profit margins. The gross margin in the third quarter increased by 540 basis points quarter-on-quarter, and the operating profit margin increased by 700 basis points. The improvement in profit margins is due to various factors. With key growth drivers such as co-packaged optical devices and optical path switches starting to play a role, it is expected that profitability will further increase. Hurlston mentioned that the company's orders are already filled up to 2028, as the demand for components required to connect GPU clusters is growing much faster than the production speed of supplies.