Lumen Technologies shares rise 1.62% premarket after Lumentum's U.S. manufacturing expansion for AI-driven Co-Packaged Optics.

Lumen Technologies, Inc. rose 1.62% in premarket trading. The company announced a significant milestone in its commitment to innovation and U.S.-based manufacturing, funding a major capacity expansion of its U.S.-based semiconductor facility. This initiative is expected to generate additional high-skilled engineering and manufacturing jobs, further strengthening the U.S. position in the global AI supply chain. Additionally, Lumentum reported a 16% increase in total revenue to $149.2 million, with net income increasing to $16.4 million at an 11% margin and adjusted EBITDA increasing to $51.6 million at a 35% margin.