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Lumentum Holdings Inc. said demand from US hyperscalers for its optical components is accelerating rapidly, with its order book on track to be filled through 2028. Chief Executive Officer Michael Hurlston said capital spending from hyperscalers remains “enormous” with no clear end in sight, adding the company is struggling to keep up with demand. He said Lumentum could be fully sold out through 2028 within two quarters as capacity expansion continues to lag orders.