🟢 Lumentum is trading 4.2% up today after securing a six-year wafer supply deal with AXT

Lumentum is trading at $627.60 (up 4.2%) today after announcing a six-year Capacity Reservation Agreement with AXT to secure its supply chain.

• The agreement guarantees a dedicated supply of indium phosphide wafer substrates, supported by $87 million in deposits.
• The strategic deal is designed to support Lumentum's long-term product roadmap across its photonics and communications segments.
• The stock is rebounding in pre-market activity following several consecutive weak trading sessions.