NVIDIA invests $2B in Lumentum; strategic optics partnership

Lumentum Holdings Inc.

Lumentum issued 2,876,415 Series A convertible preferred shares to NVIDIA at $695.31/share for $2B cash.
Preferred shares convert 1:1 into common stock, subject to HSR waiting period; no preemptive or redemption rights.
Dividends paid same as common on as-converted basis; holders vote with common on most matters except director elections.
NVIDIA also commits to multi-billion purchase commitment and future capacity rights for laser components.
Lumentum to build new US fab to support R&D and manufacturing for next-gen AI optical architectures.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Lumentum Holdings Inc. issued 2,876,415 shares of preferred stock to NVIDIA Corporation for $695.31 per share for an aggregate purchase price of $2,000,000,000 in cash.

Security: preferred stock
Shares: 2,876,415 shares
Purchaser: NVIDIA Corporation
Consideration: $695.31 per share for an aggregate purchase price of $2,000,000,000 in cash

Exact text from the filing

On March 2, 2026, Lumentum Holdings Inc. (the “Company”) completed the issuance and sale of 2,876,415 shares of the Company’s Series A Convertible Preferred Stock, par value $0.001 per share (the “Series A Preferred Stock”) to NVIDIA Corporation (“NVIDIA”), pursuant to a Securities Purchase Agreement between the parties (the “Purchase Agreement”), dated as of March 2, 2026. The shares of Series A Preferred Stock were sold at a price of $695.31 per share for an aggregate purchase price of $2,000,000,000 in cash (the “Transaction”).

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Lumentum Holdings Inc.: Filed Certificate of Designation to create Series A Preferred Stock (effective 2026-03-02).

Change: charter amendment
Effective: 2026-03-02

Exact text from the filing

On March 2, 2026, the Company filed a Certificate of Designation with the Secretary of State of the State of Delaware (the “Certificate of Designation”) in connection with the Transaction.

View on SEC.gov

Browse all equity issuances →

Lumentum Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-085412

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.