Lumentum forecasts upbeat first-quarter revenue on AI demand

Aug. 11 (Reuters) - Photonic product maker Lumentum Holdings forecast first-quarter revenue above analysts' expectations and beat fourth-quarter estimates on Tuesday, driven by strong demand for its optical components that are critical for AI infrastructure.

Here are some details:

• Lumentum makes photonic products, including high-performance lasers and optical components used in AI, cloud computing and communications networks.
• The San Jose, California-based company posted fourth-quarter revenue of $1.01 billion, above analysts' average estimate of $987.9 million, according to data compiled by LSEG.
• Adjusted profit per share came in at $3.23, also beating the estimate of $2.97.
• "As AI compute workloads increase in both speed and bandwidth, data center architects are turning to optical links as a primary means of connectivity," CEO Michael Hurlston said in a statement.
• Revenue from components, Lumentum's largest business segment, doubled from a year earlier to $649.4 million in the fourth quarter.

• Lumentum forecast first-quarter revenue of , above analysts' estimate of .