LUMENTUM REVENUE MORE THAN DOUBLES ON AI DEMAND

Lumentum's fiscal fourth-quarter revenue hit $1.01 billion, up 109% from $480.7 million a year earlier, as AI datacenter demand for optical components keeps accelerating. The company behind $LITE guided next quarter's revenue even higher, to $1.225 billion-$1.275 billion, signaling the ramp has not slowed. Shares jumped to a record high after the report landed.