Northland Capmk Has Bullish Outlook for Lumentum Q2 Earnings

Lumentum Holdings Inc. (NASDAQ:LITE) – Research analysts at Northland Capmk upped their Q2 2026 earnings estimates for Lumentum in a report issued on Wednesday, November 5th. Northland Capmk analyst T. Savageaux now expects that the technology company will post earnings of $0.98 per share for the quarter, up from their previous forecast of $0.70. The consensus estimate for Lumentum’s current full-year earnings is $0.03 per share. Northland Capmk also issued estimates for Lumentum’s Q3 2026 earnings at $1.04 EPS, Q4 2026 earnings at $1.21 EPS and FY2026 earnings at $3.78 EPS.

Other research analysts have also issued research reports about the company. Needham & Company LLC boosted their target price on Lumentum from $180.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Northland Securities set a $250.00 price target on Lumentum in a research note on Wednesday, November 5th. KGI Securities initiated coverage on Lumentum in a report on Monday, August 18th. They set an “outperform” rating for the company. Raymond James Financial downgraded Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 price objective on the stock. in a research report on Friday, October 31st. Finally, Rosenblatt Securities lifted their target price on Lumentum to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $190.67.

Lumentum Stock Performance

Shares of NASDAQ:LITE opened at $252.47 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 2.77. Lumentum has a 12 month low of $45.65 and a 12 month high of $273.89. The company has a market capitalization of $17.90 billion, a price-to-earnings ratio of 169.44 and a beta of 1.48. The firm’s 50-day moving average is $174.74 and its 200 day moving average is $122.05.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, November 4th. The technology company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.07. The business had revenue of $533.80 million for the quarter, compared to the consensus estimate of $525.10 million. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. The business’s revenue for the quarter was up 58.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Lumentum in the 1st quarter worth approximately $260,000. Teacher Retirement System of Texas purchased a new position in Lumentum during the first quarter valued at approximately $626,000. Principal Financial Group Inc. raised its stake in Lumentum by 1.1% in the first quarter. Principal Financial Group Inc. now owns 159,154 shares of the technology company’s stock worth $9,922,000 after buying an additional 1,660 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Lumentum by 27.0% in the first quarter. Envestnet Asset Management Inc. now owns 12,837 shares of the technology company’s stock worth $800,000 after buying an additional 2,729 shares in the last quarter. Finally, State of Michigan Retirement System lifted its holdings in Lumentum by 1.8% during the first quarter. State of Michigan Retirement System now owns 16,528 shares of the technology company’s stock worth $1,030,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling at Lumentum

In other news, CFO Wajid Ali sold 2,526 shares of the firm’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $124.39, for a total transaction of $314,209.14. Following the transaction, the chief financial officer owned 77,087 shares in the company, valued at approximately $9,588,851.93. This trade represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Yuen Wupen sold 3,281 shares of Lumentum stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $124.86, for a total value of $409,665.66. Following the completion of the sale, the insider owned 101,273 shares of the company’s stock, valued at $12,644,946.78. The trade was a 3.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 22,430 shares of company stock worth $3,195,001 over the last quarter. Insiders own 0.43% 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.