Lumentum

What Lumentum does

Lumentum is a publicly traded (NASDAQ: LITE) designer and manufacturer of optical and photonic products, founded in 2015 as a spin-off from JDS Uniphase and headquartered at 1001 Ridder Park Drive, San Jose, California. The company operates four product lines built on a common indium phosphide (InP) semiconductor platform: Data Center (datacom transceivers, optical circuit switches, and InP-based lasers including EMLs, DMLs, CW lasers, and UHP lasers for co-packaged optics); DCI/Metro/Long Haul/Submarine (tunable DWDM transceivers, ITLAs, coherent modulators, ROADMs, optical amplifiers, pump lasers); Industrial Laser (kW fiber lasers, Q-switched pulsed lasers, ultrashort pulsed lasers); and Sensing VCSEL (high-power VCSELs for automotive LiDAR and lower-power VCSELs for consumer 3D sensing). Across these lines, Lumentum offers flagship products such as the R300 300x300 MEMS-based Optical Circuit Switch with over a trillion mirror operating hours, ELSFP-350 external laser source modules delivering up to +24 dBm optical output for CPO, 200G EMLs supporting 1.6T pluggable transceivers, and UHP laser sources derived from Raman pump technology with over 20 billion cumulative device hours and less than 1 FIT reliability.

Name

Lumentum

Legal name

Lumentum Holdings Inc.

Website

https://lumentum.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Lumentum is a publicly traded optical and photonic products manufacturer founded in 2015, specializing in indium phosphide-based lasers, transceivers, and optical circuit switches for AI data centers and telecommunications, with direct hyperscaler customers including NVIDIA, Google, Amazon, Microsoft, and Meta.

Ownership category

akta.pro rank

Product category

Optical and Photonic Components

NAICS

Semiconductor and Related Device Manufacturing (334413), Semiconductor and Other Electronic Component Manufacturing (33441)

SIC

Semiconductors & Related Devices (3674), Computer Communications Equipment (3576)

akta.pro primary industry

Optoelectronics & Photonics (LED/Laser/Optical ICs) (HDAHAAAH)

akta.pro secondary industries

Optoelectronic Emitters (LED/Laser/VCSEL) (HDAHALAL), Optical Transceivers (SFP/SFP+/SFP28/QSFP/QSFP-DD/OSFP) (HDAFAEAE), Optoelectronic Receivers & Transceivers (Photodetectors/Optical Modules) (HDAHALAM)

Keywords

• Optical transceivers
• Indium phosphide lasers
• Optical circuit switches
• Co-packaged optics
• Photonic components

Headquarters

HQ city

Milpitas

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Optical Components (Lasers): Sale of InP-based lasers including EMLs, DMLs, CW lasers, and UHP lasers for data center optical interconnects. Products sold to hyperscalers for AI infrastructure buildout with supply effectively sold out through 2028.
2. Optical Transceivers: Sale of high-speed datacom transceivers including 800G and 1.6T modules for AI and cloud data centers. Transceivers enable scalable connectivity within GPU clusters and network switches.
3. Optical Circuit Switches: MEMS-based OCS platforms (R300, R64) for optical switching in AI clusters and data center networks. Addresses spine replacement and scale-out/scale-up GPU cluster interconnects.
4. Strategic Supply Agreements: Multi-year purchase commitments and capacity agreements with major customers including Nvidia, securing long-term revenue visibility through take-or-pay contracts.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Lumentum designs, manufactures, and sells optical and photonic components and modules built on an Indium Phosphide (InP) semiconductor platform. Its core offerings include high-speed optical transceivers (800G and 1.6T OSFP modules), MEMS-based optical circuit switches (R300, R64), InP-based lasers (EMLs, DMLs, CW lasers, and Ultra-High-Power lasers for co-packaged optics), tunable DWDM transceivers, coherent modulators, ROADMs, optical amplifiers, industrial fiber and pulsed lasers, and VCSEL-based 3D sensing components. These products are sold to hyperscale cloud providers, AI infrastructure operators, telecom carriers, industrial manufacturers, and consumer electronics OEMs.

Product overview

Lumentum is a global leader in optical and photonic technologies organized across four product lines. The Data Center portfolio includes datacom transceivers (800G and 1.6T OSFP modules), optical circuit switches (R300 300x300 and R64 64x64 OCS platforms), and InP-based lasers (EMLs, DMLs, CW lasers, and UHP lasers for CPO). The DCI/Metro/Long Haul/Submarine portfolio includes tunable DWDM transceivers, narrow linewidth ITLAs, coherent modulators, ROADMs, optical amplifiers, pump lasers, and passive components. The Industrial Laser portfolio includes kW fiber lasers, Q-switched pulsed lasers, and ultrashort pulsed lasers for manufacturing. The Sensing VCSEL portfolio includes high-power VCSELs (>50W) for automotive LiDAR and lower-power VCSELs (<50W) for consumer 3D sensing. These products share a common indium phosphide (InP) semiconductor platform and vertically integrated manufacturing capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• Lumentum: Core optical and photonic technology brand encompassing lasers, transceivers, amplifiers, and sensing products
• R-Series
• ELSFP
• UHP Laser
• Cloud Light

Products and services

• R300 300x300 Optical Circuit Switch (OCS) MEMS-based high-radix optical circuit switch providing up to 300x300 port connectivity for spine replacement and AI/ML cluster scale-out, delivering ultra-low latency, protocol-agnostic optical switching across O and C bands. Designed for hyperscale cloud providers and AI infrastructure operators.
• R64 64x64 Optical Circuit Switch (OCS) Compact 64x64 MEMS-based optical circuit switch optimized for GPU interconnect and data-center interconnect (DCI) applications, featuring SONiC-based control software and gNMI management.
• EML 200G PAM4 CWDM Laser (HL13E1CP00-Ln) Next-generation electro-absorption modulated laser (EML) for high-density, energy-efficient optical connectivity, supporting 200G-per-lane transmission at CWDM wavelengths for 1.6T pluggable transceivers in AI and cloud data centers.
• ELSFP-350 External Laser Source (ELS) Module with Ultra-High-Power Laser External laser source form factor pluggable module providing a centralized, serviceable light source for co-packaged optics (CPO) systems in AI and cloud data centers, delivering up to +24 dBm optical output per wavelength.
• 1.6T 2xDR4 TRO OSFP Transceiver Module Ultra-high-speed 1.6 Tbps OSFP transceiver integrating eight electrical and optical channels at 212.5 Gbps PAM4 per lane with silicon photonics technology, transmit-only retiming architecture, and typical power consumption of 16 W.
• 1.6T 2xDR4 OSFP Transceiver Module High-density 1.6 Tbps OSFP transceiver module for DR4 reaches supporting AI and cloud data center infrastructure.
• 800G 2xDR4 OSFP Transceiver Module 800 Gbps OSFP transceiver module for high-density AI and cloud data center deployments.
• 400G QSFP-DD Active Optical Cable (AOC) 400G active optical cable assemblies for high-speed optical connectivity within data center racks.
• EMLs (Electro-Absorption Modulated Lasers) InP-based electro-absorption modulated lasers combining DFB laser with electro-absorption modulator for high-bandwidth, low-chirp optical connectivity in short- and medium-reach data center links.
• DMLs (Directly Modulated Lasers) Directly modulated lasers for cost-effective, energy-efficient optical connectivity in data center applications.
• CW Lasers for Silicon Photonics Transceivers Continuous-wave lasers built on proven InP platform providing stable, narrow-linewidth light sources for silicon photonics (SiPh) transceivers supporting 400G, 800G, and 1.6T platforms.
• UHP Laser Sources for CPO Ultra-high-power (UHP) continuous-wave laser sources for co-packaged optics (CPO) architectures, derived from Raman pump laser technology with over 20 billion cumulative device hours in the field.
• Tunable DWDM Transceivers Tunable dense wavelength-division multiplexing (DWDM) transceivers for high-capacity transport and DCI networks spanning metro, long haul, and submarine domains.
• Narrow Linewidth Integratable Tunable Lasers (ITLA) Narrow linewidth tunable lasers for coherent optical transmission in metro, long-haul, and submarine networks.
• Coherent Modulators High-speed coherent modulators for flexible, high-capacity optical transport networks.
• ROADMs and Wavelength Management Reconfigurable optical add-drop multiplexers (ROADMs) and wavelength selective switches (WSS) enabling dynamic, reconfigurable optical architectures.
• Optical Amplifiers Optical amplifiers supporting high-capacity transmission across DCI, metro, long-haul, and submarine networks.
• Pump Lasers High-reliability pump lasers for optical amplification in long-haul and submarine fiber optic networks.
• Passive Components and Modules MEMS variable optical attenuators and other passive photonic components for optical network management.
• kW Fiber Lasers kW-class fiber lasers for heavy-duty cutting and welding in automotive and metalworking environments, delivering high beam quality and reliability.
• Pulsed Lasers Q-switched pulsed lasers for robust nanosecond processing in electronics, battery, and display manufacturing applications.
• Ultrashort Pulsed Lasers Ultrashort pulsed lasers for high-precision micromachining applications requiring sub-micron accuracy and clean edges.
• Sensing VCSELs Operating Power >50W High-power VCSELs (vertical-cavity surface-emitting lasers) operating above 50W for automotive LiDAR and industrial sensing applications.
• Sensing VCSELs Operating Power <50W VCSELs operating below 50W for consumer 3D sensing applications including facial recognition and depth sensing in smartphones and wearables.

Quantifiable outcome

• 90.1% year-over-year revenue growth in Q3 FY2026
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• GooglecoreStrategic or Co-development PartnerStrategic partnership for Optical Circuit Switches with Google as a key customer for OCS technology in AI infrastructure. Lumentum supplies optical circuit switches for Google's data center networking needs.
• NVIDIA (NVLink Fusion)coreTechnology or IntegrationLumentum's co-packaged optics products integrated with NVIDIA's NVLink Fusion ecosystem enabling high-bandwidth, low-latency optical connectivity for rack-scale AI deployments with NVIDIA's hardware.
• CoherentminorStrategic or Co-development PartnerBoth companies received $2 billion investments from NVIDIA and are developing 6-inch indium phosphide wafer capacity for AI optical components. Coherent and Lumentum together dominate the InP laser market.
• CorningminorStrategic or Co-development PartnerCorning received $500 million from NVIDIA; both supply optical components for AI data center infrastructure with complementary product offerings.
• MarvellminorStrategic or Co-development PartnerMarvell received $2 billion from NVIDIA as part of optical networking investments; both companies developing photonics technology for AI infrastructure.
• Cloud Light (acquired 2023)coreStrategic or Co-development PartnerAcquisition in 2023 expanded Lumentum's position in AI/ML-driven connectivity with cutting-edge optical transceivers and active optical cables.
• QorvocoreOthersAcquired 240,000-square-foot manufacturing facility in Greensboro, North Carolina from Qorvo in 2026 for production of indium phosphide-based optical devices for AI transceivers.
• FoxconnminorStrategic or Co-development PartnerFoxconn announced shipping CPO switch trays in Q3 2026; ecosystem partner for NVIDIA platforms incorporating Lumentum optics.
• Dell, HPE, Lenovo, SupermicrominorChannel Partner/ Reseller/ DistributorEcosystem partners adopting NVIDIA Vera Rubin AI platform incorporating Spectrum-X Ethernet Photonics with CPO-based switches using Lumentum technology.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Coherent: Coherent is a direct peer in InP lasers and optical components for AI infrastructure, also receiving a $2B NVIDIA investment and scaling 6-inch InP wafer capacity. It competes head-to-head with Lumentum across datacom transceivers, pump lasers, and CPO optical components.
• Broadcom: Broadcom is a direct peer as another sole-source CPO supplier to NVIDIA, with reported one million cumulative 400G-equivalent port device hours of CPO operation. Both companies serve the same hyperscaler AI networking customers with optical interconnect technology.
• Marvell Technology: Marvell is a direct peer in optical DSPs and connectivity solutions for AI clusters, receiving $2B from NVIDIA. Its optical connectivity portfolio and RELIANT interconnect telemetry platform integrate directly with Lumentum's R300 OCS for GPU cluster networking.
• Innolight Technology: Innolight is a leading Chinese manufacturer of high-speed optical transceivers (400G, 800G, 1.6T) directly competing with Lumentum in datacom transceivers for hyperscale cloud and AI data center customers globally.
• Eoptolink Technology: Eoptolink is a direct competitor in high-speed optical transceivers for data centers, supplying 400G/800G/1.6T modules to hyperscalers and AI infrastructure customers. It represents one of the main Chinese transceiver alternatives to Lumentum's Cloud Light business.
• Hisense Broadband: Hisense Broadband is a direct peer in optical transceiver manufacturing for telecom and datacom, producing high-speed modules for hyperscale data centers. It is one of several Chinese transceiver vendors competing with Lumentum in the global AI optics supply chain.

Broad incumbents

• Cisco (Acacia): Cisco, through Acacia, is a broad incumbent in optical networking with coherent interconnect and transponder products. While it competes with Lumentum in DCI/metro/long-haul optical transport, its portfolio spans broader networking rather than specializing in AI hyperscale optics.
• Mitsubishi Electric: Mitsubishi Electric is a broad incumbent in optical components, including lasers and transceivers for telecom and industrial applications. While not focused exclusively on AI hyperscale, its photonics portfolio overlaps with Lumentum's telecom and industrial laser businesses.

Emerging players

• Ayar Labs: Ayar Labs is an emerging player in co-packaged optics and optical interconnects, recently joining NVIDIA's NVLink Fusion ecosystem. It competes with and complements Lumentum's CPO/ELSFP technology in the in-package optical interconnect space.
• MACOM Technology Solutions: MACOM is an emerging player in semiconductor lasers, optical components, and high-speed analog ICs for datacom and telecom. It overlaps with Lumentum in laser and photonic component technology for networking applications, though with a smaller share of the AI hyperscale market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/lumentum
• Xx.com/lumentum
• Facebookfacebook.com/LumentumInc

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds6 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lumentum