# Convertible Notes Related Articles

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Lumentum Revenue Crosses $1 Billion, Where Does the $7.1 Billion Loss Come From?

Lumentum's Q4 FY26 revenue surpassed $1 billion for the first time, marking the eighth consecutive quarter of growth, driven primarily by demand from AI data centers for higher-speed optical interconnects. Revenue grew 109.3% year-over-year, with a strong outlook for the next quarter. The growth is broad-based. The Systems segment (including cloud transceiver modules and optical circuit switches) grew 122.6%, while the Components segment (laser chips, sub-assemblies) grew 102.7%. Non-GAAP gross and operating margins expanded significantly to 50.4% and 36.6%, respectively, indicating improving operational efficiency and product mix. However, the company reported a massive GAAP net loss of $7.162 billion. This was primarily due to a one-time, non-cash $7.757 billion debt extinguishment loss related to the settlement of convertible notes with common stock. Excluding this and other non-cash items, non-GAAP net income was $326 million. The report thus presents two narratives: strong operational growth fueled by AI infrastructure demand, and a significant accounting loss from financial restructuring unrelated to core business performance.

marsbit08/12 03:58

Lumentum Revenue Crosses $1 Billion, Where Does the $7.1 Billion Loss Come From?

marsbit08/12 03:58

Bitcoin Treasury Firm Strategy To Repurchase $1.5B Of Convertible Notes — Details

Bitcoin treasury firm Strategy (formerly MicroStrategy) plans to repurchase approximately $1.5 billion of its convertible notes due in 2029 for an estimated $1.38 billion. According to a filing with the SEC, the company will fund the buyback using cash reserves, proceeds from securities sales, and/or potential sales of Bitcoin. This move, authorized by Chairman Michael Saylor, follows recent comments from CEO Phong Le about possible scenarios for selling Bitcoin to enhance shareholder value. The repurchase could positively impact equity holders by preventing future stock dilution. The news follows a record $1.53 billion trading volume for Strategy's preferred stock (STRC), a key instrument for its Bitcoin acquisitions. The firm remains the largest corporate Bitcoin holder with 818,869 BTC.

bitcoinist05/17 05:02

Bitcoin Treasury Firm Strategy To Repurchase $1.5B Of Convertible Notes — Details

bitcoinist05/17 05:02

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