Lumentum (NASDAQ:LITE) Releases Q2 2026 Earnings Guidance

Lumentum (NASDAQ:LITE) issued an update on its second quarter 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.300-1.500 for the period, compared to the consensus EPS 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.

Lumentum Stock Down 5.6%

NASDAQ:LITE traded down $11.22 during mid-day trading on Tuesday, hitting $188.36. The company had a trading volume of 5,626,430 shares, compared to its average volume of 2,838,651. The business has a fifty day simple moving average of $162.16 and a 200-day simple moving average of $114.41. 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 has a 1 year low of $45.65 and a 1 year high of $214.50. The firm has a market capitalization of $13.36 billion, a price-to-earnings ratio of 818.96 and a beta of 1.48.

Lumentum (NASDAQ:LITE) last released its quarterly earnings data on Tuesday, August 12th. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.79 by $0.09. The company had revenue of $480.70 million for the quarter, compared to analyst estimates of $465.27 million. Lumentum had a negative return on equity of 3.02% and a net margin of 1.57%.The firm’s revenue was up 55.9% compared to the same quarter last year. During the same period last year, the company posted $0.06 earnings per share. Lumentum has set its Q1 2026 guidance at 0.950-1.100 EPS. Equities analysts forecast that Lumentum will post 0.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. KGI Securities assumed coverage on shares of Lumentum in a research note on Monday, August 18th. They set an “outperform” rating on the stock. Barclays reaffirmed an “equal weight” rating and set a $165.00 price target on shares of Lumentum in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lumentum in a research report on Wednesday, October 8th. UBS Group lifted their target price on Lumentum from $78.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. lifted their target price on Lumentum from $145.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $149.43.

Insider Transactions at Lumentum

In other Lumentum news, CFO Wajid Ali sold 2,526 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $124.39, for a total transaction of $314,209.14. Following the completion of the sale, the chief financial officer owned 77,087 shares in the company, valued at $9,588,851.93. The trade was a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Yuen Wupen sold 3,281 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $124.86, for a total transaction of $409,665.66. Following the sale, the insider owned 101,273 shares of the company’s stock, valued at approximately $12,644,946.78. The trade was a 3.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,439 shares of company stock valued at $2,206,997 over the last 90 days. Insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Lumentum

A number of institutional investors have recently modified their holdings of LITE. Advisors Asset Management Inc. grew its position in shares of Lumentum by 36.8% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the technology company’s stock valued at $59,000 after buying an additional 254 shares during the last quarter. State of Wyoming bought a new position in shares of Lumentum during the second quarter valued at approximately $209,000. Baird Financial Group Inc. bought a new position in shares of Lumentum during the second quarter valued at approximately $217,000. Sender Co & Partners Inc. bought a new position in shares of Lumentum during the second quarter valued at approximately $247,000. Finally, Corient Private Wealth LLC bought a new position in Lumentum during the 2nd quarter worth $268,000. Institutional investors own 94.05% of the company’s stock.

Lumentum Company Profile

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.