Lumentum CEO says hyperscaler capex rising Y/Y, noncancellable agreements lock demand through 2029

Lumentum CEO says hyperscaler capex is rising year over year, with noncancellable agreements locking in demand through 2029 and negotiations underway for 2030. Optical content per XPU and CPO adoption are climbing, so sector spend likely rises even if aggregate capex dips.

Detected & updated continuously · Source: Nebula