NVIDIA's co-packaged optics demand from Lumentum arrives in second half 2027, while Microsoft's Maya 300 targets 300,000 Marvell-designed chips that same year. Lumentum's Q4 revenue surged 109% to $1 billion, with Q1 FY27 guidance of $1.25 billion arriving more than a quarter ahead of the company's own target model. The most widely read finance newsletter on Substack isn't published by a bank, it's Doomberg, where 383,000+ readers get the energy and macro analysis the mainstream press misses. 24/7 Wall St. readers save 17% on their first year here.
The following recap comes from a segment of The AI Investor Podcast, hosted by 247 Wall St. Analysts Eric Bleeker and Austin Smith. In the episode titled A New Portfolio Add In Our Most Important Episode Of The Year, the hosts broke down Lumentum (NASDAQ:LITE) after its blockbuster fiscal Q4 earnings report and touched on the resurgence of Marvell Technology (NASDAQ:MRVL) as a Microsoft (NASDAQ:MSFT) custom silicon partner.
Below, we recap the Lumentum thesis first, then the shorter Marvell segment. If the above video doesn't display properly, you can copy/paste the following URL into your browser to view it: https://www.youtube.com/embed/98dk_2os6sg?si=25XE9Bj_nQHIzAYA&start=3650 Written by Insiders. Before Doomberg published a word, its team spent long careers in heavy industry, private equity, and the hard sciences.
They take no advertisers and serve no institution — which is why their lateral-thinking coverage of energy, finance, and geopolitics reads nothing like consensus financial media. Doomberg has set aside a discounted rate exclusively for 24/7 Wall St. readers — it isn't available on their main page. This segment is from The AI Investor Podcast, hosted by Eric Bleeker and Austin Smith.
Lumentum was originally recommended around $83.85 and is now trading around $926 per share, with shares up 14% on the day following its conference call. Eric Bleeker highlighted that co-packaged optics demand from Lumentum's largest customer, NVIDIA (NASDAQ:NVDA), is coming in the second half of 2027, and that near-package optics is "completely additive," expanding total addressable market. On Marvell, Microsoft's Maya 300 custom accelerator is targeting 300,000 chips in 2027 with Marvell as a key design partner.
Eric Bleeker walked through Lumentum's fiscal Q4 2026 earnings report, which he described as an unusually sharp intraday reversal. The stock initially dropped 5% on results before surging 14% the day following the conference call. Bleeker's take was straightforward: the market keyed off headline supply chain chatter first, then rerated the stock as management addressed those concerns head-on.
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