Lumentum Non-GAAP EPS of $4.57 beats by $0.35, revenue of $1.26B beats by $10M (LITE:NASDAQ)

Marvell (MRVL) agreed to buy Lumentum (LITE) in an all-stock deal valued at $115B. Lumentum shares fell 12% on the news. Citrini Research suggests Lumentum's management expects the AI boom to end in 2-3 years, which could negatively impact Micron (MU), whose earnings are expected to double this fiscal year.

Marvell Technology plans to acquire Lumentum to target the $550B AI optics market by 2030. The combined company aims to offer integrated products, expecting $1B in annual synergies and $21B in annualized revenue. Lumentum brings indium phosphide manufacturing expertise, while Marvell maintains existing supply-chain partnerships. The deal is expected to be accretive to margins and earnings per share from the first year post-closing.

Marvell Technology agreed to buy Lumentum Holdings for $115B in an all-stock deal. Lumentum shares fell 4% despite a 128% pre-deal rise. EchoStar's stock rose on reports of SpaceX talks for a wireless service using Boost Mobile's network. Apple is expected to report 11% revenue growth for Q4, with shares up 25% since June.

Marvell Technology (MRVL) plans to acquire Lumentum (LITE) for $115B, expecting $1B in annual cost savings and expanded product integration. The deal aims to improve supply control and access a $550B market, with completion expected in H1 2028. Risks include regulatory hurdles and potential overpayment for LITE.

Marvell Technology (MRVL) will acquire Lumentum (LITE) in an all-stock deal valued at $115 billion, according to the companies.

Marvell Technology announced an $115 billion all-stock deal to acquire Lumentum Holdings, a photonics technology producer. Shares of both companies fell, with Marvell down 7% and Lumentum down 12%. The deal comes amid investor concerns about the AI and data center sectors, with analysts questioning the financial sense of the acquisition and the future of data center buildout.