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Against the backdrop of accelerating AI infrastructure spending, an optical component maker reported quarterly revenue that more than doubled, attaching an upbeat forecast to the result.
Lumentum's numbers arrived as the broader cycle of data-center construction continues to drive demand for high-speed photonics hardware at a pace few in the sector anticipated even a year ago.
Shares held largely flat in after-hours trading despite the scale of the beat.
AI demand rewires the optical component cycle The company's numbers were direct: revenues more than doubled, earnings surpassed expectations, and management guided higher.
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