Marvell Technology, Inc. acquires Lumentum Holdings Inc.
- Acquirer
- Marvell Technology, Inc.
- Target
- Lumentum Holdings Inc.
- Deal Value
- $115B
- Market
- Global
- Region
- Global
- Status
- Announced
- Announced
- November 2, 2026
What happened
Marvell and Lumentum entered into a definitive agreement for Marvell to acquire Lumentum in an all‑stock transaction that implies an enterprise value of $115 billion for Lumentum. The firms said the combined company will target optical and photonics opportunities driven by AI connectivity demand.
Why it matters
Creates one of the largest optical/photonics platforms serving telecom and hyperscale networks — a major supplier consolidation that could reshape supply dynamics for high‑capacity optical components used by carriers, data centres and optics‑centric telecom infrastructure.
Source: Marvell / Lumentum joint press release and SEC filings
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