- Marvell and Lumentum agreed to an all-stock deal worth roughly $80 billion.
Marvell Technology agreed to acquire Lumentum in an all-stock deal worth roughly $80 billion, combining electrical and optical technologies for AI infrastructure. Lumentum reported a strong fiscal first quarter, with adjusted EPS of $4.57 beating estimates and revenue more than doubling to $1.26 billion. Marvell narrowed its fiscal third-quarter revenue outlook to $3.15 billion plus or minus 2%.
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