Lumentum reported a 90% year-over-year revenue increase to $808 million in Q3 FY2026, driven by its photonics technology critical for AI data center connectivity. The company expanded its non-GAAP operating margin to 32.2% and provided strong forward guidance exceeding analyst expectations. A multi-billion dollar partnership and $2 billion equity investment from NVIDIA underscore Lumentum's strategic role in next-generation AI infrastructure. Despite a 'Buy' rating, the stock's current valuation is high, suggesting investors consider waiting for price dips due to execution and sector risks.
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
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