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 equities research analysts recently issued reports on the stock. Raymond James Financial lowered shares of Lumentum from a “strong-buy” rating to an “outperform” rating and set a $220.00 target price for the company. in a report on Friday, October 31st. Wolfe Research restated an “outperform” rating and set a $240.00 price objective on shares of Lumentum in a research report on Wednesday, November 5th. Rosenblatt Securities upped their target price on shares of Lumentum to $380.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Finally, Susquehanna boosted their price objective on Lumentum from $230.00 to $420.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $288.06.

Lumentum Price Performance

Shares of NASDAQ LITE traded up $11.68 during mid-day trading on Tuesday, hitting $435.10. 7,739,117 shares of the company’s stock traded hands, compared to its average volume of 4,719,940. Lumentum has a 1 year low of $45.65 and a 1 year high of $464.00. 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 company’s 50-day moving average is $353.21 and its two-hundred day moving average is $228.56. The company has a market capitalization of $30.85 billion, a P/E ratio of 292.02 and a beta of 1.51.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.40 by $0.27. The company had revenue of $665.50 million for the quarter, compared to the consensus estimate of $646.74 million. Lumentum had a return on equity of 4.62% and a net margin of 6.11%.Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. On average, equities analysts anticipate that Lumentum will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Lumentum news, insider Yuen Wupen sold 822 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $258.96, for a total value of $212,865.12. Following the completion of the transaction, the insider directly owned 95,077 shares of the company’s stock, valued at approximately $24,621,139.92. The trade was a 0.86% 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, SVP Jae Kim sold 170 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $246.00, for a total value of $41,820.00. Following the completion of the transaction, the senior vice president directly owned 38,400 shares of the company’s stock, valued at $9,446,400. The trade was a 0.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 28,612 shares of company stock valued at $7,317,398 in the last 90 days. 0.43% of the stock is owned by insiders.

Hedge Funds Weigh In On Lumentum

A number of institutional investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its stake in shares of Lumentum by 97.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,918 shares of the technology company’s stock worth $312,000 after acquiring an additional 947 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in Lumentum in the 3rd quarter valued at about $377,000. Danske Bank A S purchased a new position in shares of Lumentum in the 3rd quarter worth about $33,000. Oberweis Asset Management Inc. lifted its stake in shares of Lumentum by 22.1% during the third quarter. Oberweis Asset Management Inc. now owns 328,630 shares of the technology company’s stock worth $53,471,000 after purchasing an additional 59,580 shares in the last quarter. Finally, Castleark Management LLC increased its position in shares of Lumentum by 3.9% during the third quarter. Castleark Management LLC now owns 65,823 shares of the technology company’s stock worth $10,710,000 after acquiring an additional 2,453 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other 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.