Lumentum takeover talks with Marvell Technology were reported to be at an advanced stage on October 29, 2026, sending the optical components maker’s shares higher while Marvell’s fell. Neither company had confirmed an agreement, and the reported $83 billion market value of Lumentum was not an agreed purchase price.

Key Takeaways

  • A deal could be announced as soon as the following week, but the price, financing and other terms were not established.
  • Lumentum is scheduled to report fiscal first-quarter 2027 results on November 5.

What the Lumentum takeover talks involve

Marvell was reported to be in advanced discussions to acquire Lumentum, which makes lasers and other optical components used in communications networks and data centers. Neither company had confirmed a transaction or disclosed what consideration shareholders might receive.

Lumentum’s reported market value was approximately $83 billion, while Marvell’s was about $221 billion. Market value is not the same as an acquisition price, and no proposed premium has been established.

Marvell had approximately $3.92 billion in cash and cash equivalents as of its latest reported quarter. Without an offer price or transaction structure, the amount and form of any additional financing remain unknown.

Shares move in opposite directions

At 1:04 p.m. Eastern time on October 29, Lumentum shares traded at $935, up 2.30% from their previous close of $913.95. Marvell shares were at $219.30 at 1:09 p.m., down 12.86% from their previous close of $251.65. The quotes were taken five minutes apart.

Lumentum shares had already risen in the days before the reported talks, closing at $818.10 on October 26 and $866.18 on October 27.

Optical technology and upcoming results

Marvell already purchases lasers from Lumentum. A combination could bring together Marvell’s custom AI chips and networking products with Lumentum’s optical components, which help transmit data across networks and data centers. Any potential benefits would depend on the terms of a deal and how the businesses are integrated.

Lumentum’s earnings announcement says the company will release fiscal first-quarter 2027 results on November 5, after the market closes, followed by a webcast. That scheduled update is separate from the reported acquisition discussions.

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