Lumentum (NASDAQ:LITE) Issues Q2 2026 Earnings Guidance

Lumentum (NASDAQ:LITE) updated its second quarter 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.300-1.500 for the period, compared to the consensus earnings per share estimate of 0.990. The company issued revenue guidance of $630.0 million-$670.0 million, compared to the consensus revenue estimate of $560.8 million.

Analyst Ratings Changes

A number of brokerages have recently commented on LITE. Stifel Nicolaus raised their price objective on shares of Lumentum from $100.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. KGI Securities started coverage on shares of Lumentum in a report on Monday, August 18th. They set an “outperform” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 price objective (up previously from $135.00) on shares of Lumentum in a report on Wednesday, August 13th. Bank of America upgraded shares of Lumentum from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $78.00 to $135.00 in a research report on Wednesday, August 13th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Lumentum in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Lumentum presently has a consensus rating of “Moderate Buy” and an average price target of $149.43.

Lumentum Price Performance

NASDAQ:LITE traded down $11.22 during trading hours on Tuesday, hitting $188.36. 5,739,547 shares of the stock were exchanged, compared to its average volume of 2,839,007. The firm’s fifty day moving average price is $162.16 and its 200 day moving average price is $114.41. Lumentum has a 52-week low of $45.65 and a 52-week high of $214.50. The company has a market cap of $13.36 billion, a P/E ratio of 818.96 and a beta of 1.48. The company has a current ratio of 4.37, a quick ratio of 3.18 and a debt-to-equity ratio of 2.26.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, November 4th. The technology company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.43). Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. As a group, equities research analysts anticipate that Lumentum will post 0.03 EPS for the current fiscal year.

Insider Activity

In other Lumentum news, Director Julia Suzanne Johnson sold 1,250 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $119.06, for a total transaction of $148,825.00. Following the completion of the sale, the director owned 22,037 shares of the company’s stock, valued at $2,623,725.22. This trade represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yuen Wupen sold 3,282 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $119.25, for a total value of $391,378.50. Following the transaction, the insider owned 104,554 shares of the company’s stock, valued at approximately $12,468,064.50. This represents a 3.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 18,439 shares of company stock valued at $2,206,997 over the last three months. 0.43% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lumentum

A number of hedge funds and other institutional investors have recently bought and sold shares of LITE. Thrivent Financial for Lutherans grew its holdings in Lumentum by 0.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 16,340 shares of the technology company’s stock worth $1,553,000 after acquiring an additional 115 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Lumentum by 36.8% during the first quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after purchasing an additional 254 shares in the last quarter. Federated Hermes Inc. increased its holdings in Lumentum by 7.3% in the second quarter. Federated Hermes Inc. now owns 4,985 shares of the technology company’s stock valued at $474,000 after buying an additional 338 shares during the last quarter. Empowered Funds LLC raised its stake in Lumentum by 9.1% in the first quarter. Empowered Funds LLC now owns 8,139 shares of the technology company’s stock valued at $507,000 after buying an additional 680 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in Lumentum by 3.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 32,103 shares of the technology company’s stock worth $3,052,000 after buying an additional 1,011 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

About Lumentum

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.