Lumentum (NASDAQ:LITE) Releases Q3 2026 Earnings Guidance

Lumentum (NASDAQ:LITE) issued an update on its third quarter 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.150-2.350 for the period, compared to the consensus EPS estimate of 1.390. The company issued revenue guidance of $780.0 million-$830.0 million, compared to the consensus revenue estimate of $701.6 million.

Analyst Ratings Changes

Several research analysts have commented on LITE shares. Morgan Stanley raised their price target on shares of Lumentum to $350.00 and gave the company an “equal weight” rating in a report on Friday. Mizuho set a $455.00 price objective on shares of Lumentum in a research note on Friday, January 9th. Stifel Nicolaus raised their price target on Lumentum from $220.00 to $400.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Lumentum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Finally, Wolfe Research reissued an “outperform” rating and issued a $240.00 target price on shares of Lumentum in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.06.

Lumentum Stock Performance

Lumentum stock traded up $11.68 during mid-day trading on Tuesday, reaching $435.10. 7,793,604 shares of the stock traded hands, compared to its average volume of 4,719,940. Lumentum has a 12-month low of $45.65 and a 12-month high of $464.00. The business’s 50-day moving average is $353.21 and its 200-day moving average is $228.56. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.37 and a quick ratio of 1.02. The stock has a market capitalization of $30.85 billion, a PE ratio of 292.02 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.27. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The firm had revenue of $665.50 million for the quarter, compared to analysts’ expectations of $646.74 million. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. As a group, sell-side analysts predict that Lumentum will post 0.03 EPS for the current fiscal year.

Insider Activity

In related news, Director Julia Suzanne Johnson sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $270.39, for a total transaction of $2,703,900.00. Following the completion of the transaction, the director directly owned 12,037 shares in the company, valued at approximately $3,254,684.43. The trade was a 45.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jae Kim sold 1,367 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $234.14, for a total transaction of $320,069.38. Following the sale, the senior vice president owned 38,570 shares in the company, valued at approximately $9,030,779.80. The trade was a 3.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 28,612 shares of company stock worth $7,317,398. 0.43% of the stock is currently owned by corporate insiders.

Institutional Trading of Lumentum

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Danske Bank A S purchased a new position in Lumentum during the third quarter valued at approximately $33,000. Employees Retirement System of Texas purchased a new position in shares of Lumentum in the 3rd quarter valued at about $108,000. Advisors Asset Management Inc. raised its holdings in Lumentum by 36.8% in the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock worth $59,000 after purchasing an additional 254 shares during the period. Diversify Advisory Services LLC purchased a new position in Lumentum during the third quarter worth approximately $164,000. Finally, Glenmede Investment Management LP acquired a new stake in Lumentum in the third quarter valued at approximately $204,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

About Lumentum

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.