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Lumentum Stock Jumps 11% on Marvell Takeover Talks
Why is Lumentum stock up today?
Lumentum (LITE) stock jumped about 11% to $1,021 in after-hours trading on Wednesday after Bloomberg reported Marvell is in advanced talks to buy it in a deal valuing it near $83B.
Key numbers
| Reported deal value (Lumentum) | ~$83BLumentum market value in talks |
|---|---|
| Lumentum after-hours price | $1,021.30+11.8% |
| Marvell after-hours move | -8%Market value ~$221B |
| Lumentum latest quarterly revenue | $1.01B+109% YoY (single source) |
What happened
Lumentum (LITE) stock jumped about 11% to $1,021 in after-hours trading on Wednesday after Bloomberg reported Marvell is in advanced talks to buy it in a deal valuing it near $83B. The deal could be announced as soon as next week, but nothing is final and the details could change. Marvell, which is worth about $221B, fell roughly 8% after hours as investors worried about how a deal this big would be paid for and the strain on its finances. Lumentum makes the lasers and optical parts that move data between AI chips, and its CEO says its output is sold out through early 2029.
Why it matters
Lumentum is one of the few companies making the light-based parts that AI data centers are running short of, so a buyer paying around $83B shows how valuable those parts have become. For Marvell, the deal would be large compared with its own size, which is why its shares fell. Nothing is final yet, so prices could move again if the talks change or end.
Who this affects
- MarketmixedMedium impact
- Lumentum holders gain, Marvell holders worry about a costly deal.
- CompanybullishHigh impact
- Lumentum shareholders gain; shares jumped about 11% after hours.
- CompetitorsbullishMedium impact
- Coherent rose about 3.5% after hours on takeover buzz.
- IndustrybullishMedium impact
- Scarce optical parts push AI chip firms to buy suppliers.
Lumentum vs Marvell, Coherent
How we got here
Nvidia invests $2B in Lumentum convertible preferred stock, and $2B in Coherent.
Bloomberg reports Marvell is in advanced talks to acquire Lumentum.
After hours, Lumentum jumps about 11% while Marvell falls about 8%.
What to watch
- Whether Marvell and Lumentum announce a deal, possibly as soon as next week2026-11-02
- How the deal would be paid for and whether it dilutes Marvell shareholdersQ4 2026
- How both stocks trade when US markets open after the after-hours moves2026-10-29
Educational content only. Not investment advice.
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