Lumentum stock gains as Marvell deal keeps shares in focus

Published on 11/11/2026 at 16:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lumentum stock extended its advance on Lang & Schwarz on Wednesday. The proposed Marvell combination remains subject to shareholder and regulatory approvals.

Deal uncertainty meets stronger operating momentum

The proposed all-stock combination with Marvell remains subject to shareholder and regulatory approvals.
Management forecasts fiscal second-quarter revenue of USD 1.575 billion to USD 1.625 billion, with a non-GAAP operating margin of 45.0 percent to 46.0 percent.

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Lumentum stock traded at 585.10 euros on Lang & Schwarz at 4:05 p.m. CET on Wednesday, November 11, 2026, 9.49 percent above the Xetra close of Tuesday, November 10, at 534.40 euros.

What changed since the last report

The stock was 576.50 euros in the earlier Ad Hoc News report at 2:12 p.m. CET. The move to the latest quote represents a 1.49 percent increase since that report and qualifies as the material market change for this second main-value edition.

Merger terms remain in focus

Lumentum remains linked to Marvell's proposed all-stock combination of electrical and optical connectivity assets. The agreement sets an exchange ratio of 4.500 Marvell shares for each Lumentum share, while shareholder and regulatory approvals remain pending.

Management's fiscal second-quarter outlook calls for revenue of USD 1.575 billion to USD 1.625 billion, a non-GAAP operating margin of 45.0 percent to 46.0 percent and non-GAAP diluted earnings per share of USD 5.90 to USD 6.20. That outlook keeps execution and delivery progress central to the investment case while the transaction remains unresolved.