Lumentum (NASDAQ:LITE) Releases Q4 2026 Earnings Guidance

Lumentum (NASDAQ:LITE) issued an update on its fourth quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.850-3.050 for the period, compared to the consensus estimate of 2.590. The company issued revenue guidance of $960.0M-$1.0 billion, compared to the consensus revenue estimate of $913.3 million.

Lumentum Stock Up 1.9%

Lumentum stock traded up $18.38 during mid-day trading on Tuesday, reaching $994.56. The stock had a trading volume of 6,328,268 shares, compared to its average volume of 5,510,206. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. Lumentum has a fifty-two week low of $60.38 and a fifty-two week high of $1,021.00. The stock’s 50-day simple moving average is $766.66 and its 200-day simple moving average is $492.31. The firm has a market capitalization of $71.01 billion, a PE ratio of 305.08 and a beta of 1.53.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.13. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The firm had revenue of $808.40 million during the quarter, compared to analysts’ expectations of $810.05 million. During the same quarter last year, the firm posted $0.57 earnings per share. The company’s revenue for the quarter was up 90.1% compared to the same quarter last year. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS. On average, sell-side analysts forecast that Lumentum will post 5.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on LITE shares. Morgan Stanley raised their target price on Lumentum from $595.00 to $710.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Bank of America raised their target price on Lumentum to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Citigroup raised their target price on Lumentum from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Mizuho raised their target price on Lumentum from $750.00 to $930.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Finally, Loop Capital raised their target price on Lumentum from $900.00 to $1,400.00 and gave the company a “buy” rating in a report on Tuesday. Twelve analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $812.71.

Insiders Place Their Bets

In related news, insider Yuen Wupen sold 3,157 shares of Lumentum stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the sale, the insider directly owned 88,439 shares in the company, valued at approximately $47,580,182. This trade represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Wajid Ali sold 5,302 shares of Lumentum stock in a transaction on Friday, February 27th. The stock was sold at an average price of $691.13, for a total value of $3,664,371.26. Following the sale, the chief financial officer owned 66,287 shares in the company, valued at $45,812,934.31. This trade represents a 7.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 65,775 shares of company stock valued at $38,851,343. 0.43% of the stock is owned by insiders.

Lumentum News Summary

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Earnings beat and big y/y profit improvement — Lumentum reported $2.37 EPS vs. the $2.24 consensus and compared with $0.57 a year ago, driven by 90% revenue growth; this confirms stronger AI/data-center demand. Lumentum (LITE) Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Raised guidance — Lumentum updated Q4 FY2026 EPS guidance to $2.85–$3.05 versus a consensus of $2.59, signaling management expects continued momentum. Know When To Hold ‘Em And When To Fold ‘Em
• Positive Sentiment: Analyst price-target increases — Stifel raised its PT to $1,100 (buy) and Loop Capital boosted its PT to $1,400 (buy), providing fresh analyst support that can attract demand. Stifel adjusts price target on Lumentum Loop Capital adjusts PT on Lumentum
• Positive Sentiment: Bullish media/celebrity endorsement — Jim Cramer named Lumentum among stocks he’d buy ahead of earnings, which can spur retail interest. Jim Cramer Shows Bullish Sentiment as He Says He Would “Buy Lumentum”
• Neutral Sentiment: Revenue slightly below consensus — revenue was $808.4M vs. consensus $810.05M; underlying demand signals remain strong but this small miss tempers the beat. Lumentum quarterly report and call
• Neutral Sentiment: High prior run and market attention — pieces noting Lumentum’s ~1,444% YTD surge and positioning ahead of earnings highlight elevated expectations and greater volatility going forward. Does Lumentum’s 1,444% Surge Come to an End Tomorrow?
• Neutral Sentiment: Institutional/strategic interest signals — copy-trading/hedge-fund activity has surfaced in coverage, which can add flows but also follow-on volatility. This copy-trading portfolio soared 60% in two months

Institutional Trading of Lumentum

Several hedge funds have recently made changes to their positions in LITE. Arrowstreet Capital Limited Partnership raised its stake in shares of Lumentum by 8,579.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after buying an additional 1,545,199 shares during the period. Value Aligned Research Advisors LLC purchased a new stake in shares of Lumentum during the 4th quarter valued at approximately $432,062,000. Voloridge Investment Management LLC boosted its holdings in Lumentum by 107.5% in the 3rd quarter. Voloridge Investment Management LLC now owns 644,194 shares of the technology company’s stock worth $104,817,000 after buying an additional 333,734 shares during the period. Freestone Grove Partners LP boosted its holdings in Lumentum by 809.5% in the 3rd quarter. Freestone Grove Partners LP now owns 261,224 shares of the technology company’s stock worth $42,504,000 after buying an additional 232,503 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Lumentum by 66.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 499,612 shares of the technology company’s stock worth $184,153,000 after buying an additional 199,726 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Lumentum Company Profile

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.