Marvell Technology (MRVL.US) completes $115 billion acquisition; Lumentum (LITE.US) releases earnings ahead of schedule: Q1 results exceed expectations, strong guidance for next quarter

According to Zhihui Finance APP, due to the same-day announcement of being acquired by Marvell Technology (MRVL.US), optical communication device manufacturer Lumentum (LITE.US) has moved forward the release of its originally scheduled post-market FY2027 Q1 financial report from November 5 to the pre-market on November 2. The financial report shows that revenue for the quarter was $1.263 billion, a year-on-year increase of 136.5%, slightly higher than the market expectation of about $1.25 billion; non-GAAP diluted earnings per share were $4.57, higher than the expected approximately $4.2.