Q2 FY25 Conference Call February 6, 2025 Forward Looking Statements and Financial Presentation This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These include statements regarding: our belief and expectations with respect to our markets, including the cloud end market and the broader networking market, customers and industry, any anticipation or guidance as to demand for our products a ...

Transition Agreement Details - Employee will cease to be the CEO and President of the Company as of February 7, 2025[6] - Employee's services will reduce to no more than 20% of the level provided in the three years prior to the Separation from Service Date[8] - Employee will receive a lump sum cash payment of $3,200,000 within 30 days following the Separation from Service Date[14] - Employee's base salary during the Transition Period will be reduced to $85,000 per year[12] - Employee will continue to vest in RSUs and PSUs during the Transition Period, with specific units accelerating vesting[15] - The Company will pay up to $25,000 for Employee's reasonable legal and tax accounting fees related to the Transition Agreement[17] - Employee will have the opportunity to continue employment at a Reduced Level of Service until December 15, 2025[11] - Employee's resignation from the Board of Directors will be effective as of June 28, 2025[11] - Employee's participation in the Annual Incentive Plan for the fiscal year ending June 28, 2025 will not be reduced due to the salary change[12] - The Transition Agreement does not alter the at-will nature of Employee's employment with the Company[24] - The Transition Agreement will become effective on the eighth day after Employee signs it, provided it has not been revoked[40] - Employee has twenty-one calendar days to consider the Transition Agreement and seven days to revoke it after signing[28] Release and Waiver - Employee acknowledges the waiver of rights under the Age Discrimination in Employment Act (ADEA) and confirms that this waiver is knowing and voluntary[28] - Employee agrees to release all claims against the Company and its affiliates, including claims for breach of contract and emotional distress[5] - Employee releases the Company and its affiliates from all claims related to employment and termination[68] - Employee waives any rights under the Age Discrimination in Employment Act of 1967[71] - Employee agrees not to pursue any lawsuits or claims against the Company or its affiliates[75] Termination and Vesting - Employee's employment with the Company and the Employer terminated effective December 15, 2025[58] - As of the Termination Date, there are 15,932 unvested RSUs for FY24 and 46,645 unvested RSUs for FY25[57] - As of the Termination Date, there are 95,581 unvested PSUs for FY24 and 93,285 unvested PSUs for FY25[58] - All outstanding and unvested RSUs will vest at 100% effective on the Effective Date[61] - All outstanding and unvested PSUs will vest based on target performance levels effective on the Effective Date[62] - Employee will remain eligible for payments under the Annual Incentive Plan despite termination[63] - Employee acknowledges that all salary, wages, bonuses, and other benefits have been paid prior to the Effective Date[67] Agreement Provisions - The Transition Agreement represents the entire agreement between the Company and Employee, superseding any prior agreements[38] - Employee must comply with confidentiality obligations and is permitted to disclose these obligations to potential employers[30] - The Transition Agreement may only be amended in writing signed by both parties[37] - The Company and Employer represent that the undersigned has the authority to bind them to the terms of the Transition Agreement[41] - Any breach of the Agreement entitles the Company to recover consideration provided to Employee, except for $100 already paid[82] - The Agreement constitutes a compromise and settlement of any actual or potential disputed claims by Employee[83] - Any disputes arising from the Agreement shall be subject to arbitration under the Federal Arbitration Act[84] - The prevailing party in any arbitration is entitled to recover costs and reasonable attorneys' fees[86] - The Agreement is governed by the laws of the State of California, with specific provisions under the Federal Arbitration Act[87] - Employee is responsible for any tax consequences related to the consideration provided under the Agreement[88] - The Agreement is intended to comply with Section 409A of the Code to avoid additional tax implications[89] - Employee acknowledges voluntary execution of the Agreement without duress and understands its terms[98]

Core Viewpoint - The market anticipates Lumentum (LITE) will report a year-over-year increase in earnings driven by higher revenues for the quarter ending December 2024, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Lumentum is expected to report quarterly earnings of $0.37 per share, reflecting a year-over-year increase of +15.6% [3]. - Revenue projections stand at $390.83 million, indicating a growth of 6.6% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, suggesting stability in analyst expectations [4]. - A positive Earnings ESP of +17.01% indicates that analysts have recently become more optimistic about Lumentum's earnings prospects [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8]. - Lumentum currently holds a Zacks Rank of 2, reinforcing the likelihood of exceeding the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, Lumentum exceeded the expected earnings of $0.13 per share by delivering $0.18, resulting in a surprise of +38.46% [12]. - The company has successfully beaten consensus EPS estimates in all of the last four quarters [13]. Conclusion - Lumentum is positioned as a strong candidate for an earnings beat, but investors should consider additional factors influencing stock performance beyond earnings results [16].

For Immediate ReleaseChicago, IL – January 24, 2025 – Today, Zacks Equity Research Equity are Lumentum (LITE) , IPG Photonics (IPGP) and MicroVision (MVIS) .Industry: Laser SystemsLink: https://www.zacks.com/commentary/2402237/3-laser-systems-stocks-to-watch-from-a-prospering-industryThe Zacks Laser Systems and Components industry participants, such as Lumentum, IPG Photonics and MicroVision, benefit from upbeat demand from electric vehicles, electronics, semiconductors and healthcare end-markets. Robust de ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Lumentum (LITE) , which belongs to the Zacks Lasers Systems and Components industry, could be a great candidate to consider.This optical networking products maker has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 69.23%.For th ...

Lumentum (LITE) , known for its laser technologies and applications, has been demonstrating remarkable momentum with its shares surging 70.4% in the past six months, outperforming the broader Zacks Computer and Technology sector’s return of 6.6%. Over the same time frame, it also outperformed the Lasers Systems and Components industry and its peers, including IPG Photonics (IPGP) and Microvision (MVIS) .In the past six months, shares of MVIS have gained 28.6%, while shares of IPGP have lost 17.4%. The indus ...

Following my coverage on Lumentum Holdings (NASDAQ: LITE ) in Oct 2024, which I recommended a buy rating due to the strong growth potential and positive developments, this post is to provide an update on my thoughts on the business andI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a p ...

In this analysis, we covered Lumentum Holdings Inc. (NASDAQ: LITE ), a communication equipment manufacturer in optical and photonic products with a historical 5-year CAGR of -2.78%. Despite its weak historical revenue growth, there are expectations of accelerating growth in 2025 and 2026 atKhaveen Investments is a Macroquantamental Hedge Fund managing a portfolio of globally diversified investments. With a vested interest in hundreds of investments spanning diverse asset classes, countries, sectors, and ind ...

LOS ANGELES, CALIFORNIA, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Omni-Lite Industries Canada Inc. (the "Company" “Omni-Lite”; TSXV: OML) today is reporting that California Nanotechnologies Corp. (“Cal Nano”; TSXV: CNO) has fully paid off the outstanding debt owed to the Company aggregating approximately US$600,000, comprised of principal and interest related to the loan and promissory note previously advanced to Cal Nano. Accordingly, the debt repayment will result in an increase to the Company’s cash position, a ...

Q1 FY25 Conference Call November 7, 2024 / LUMENTUM Forward Looking Statements and Financial Presentation This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These include statements regarding: our belief and expectations with respect to our strategies, our technology, any anticipation or guidance as to demand for our products and technology from our customers, including drivers of that ...