Lumentum Holdings Inc. (NASDAQ: LITE) will be added to the Nasdaq-100 Index before market open on May 18, 2026, the optical and photonic products company announced.

The San Jose, California-based company designs and manufactures optical components for data centers, telecommunications networks, and industrial applications. Lumentum develops lasers, optical modules, and subsystems used in artificial intelligence infrastructure and cloud computing systems.

"Lumentum's inclusion in the Nasdaq-100 underscores the critical role our optical products play in AI-driven infrastructure," said Michael Hurlston, President and CEO. "As the speed and bandwidth inside data centers increase, so does the need for optical solutions."

The Nasdaq-100 Index, launched in January 1985, tracks 100 of the largest non-financial companies listed on the Nasdaq stock market. Companies in the index are typically leaders in technology and growth sectors.

Lumentum operates research and development, manufacturing, and sales facilities globally. The company produces high-performance optical components including co-packaged optics, optical circuit switches, and 200G lasers for data center connectivity and telecommunications networks.

The information is based on a company press release.