Lumentum FY2026 EPS Estimate Lifted by Northland Securities

Lumentum Holdings Inc. (NASDAQ:LITE) – Equities researchers at Northland Securities lifted their FY2026 EPS estimates for Lumentum in a research note issued to investors on Wednesday, May 6th. Northland Securities analyst T. Savageaux now forecasts that the technology company will post earnings per share of $6.23 for the year, up from their previous estimate of $5.50. The consensus estimate for Lumentum’s current full-year earnings is $5.96 per share. Northland Securities also issued estimates for Lumentum’s Q4 2026 earnings at $2.59 EPS.

Lumentum (NASDAQ:LITE) last announced its earnings results on Tuesday, May 5th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.27 by $0.10. Lumentum had a net margin of 17.61% and a return on equity of 24.81%. The company had revenue of $808.40 million for the quarter, compared to analysts’ expectations of $810.21 million. During the same period last year, the firm earned $0.57 earnings per share. The business’s revenue for the quarter was up 90.1% on a year-over-year basis. Lumentum has set its Q4 2026 guidance at 2.850-3.050 EPS.

Several other research analysts have also recently commented on LITE. JPMorgan Chase & Co. raised their target price on shares of Lumentum from $950.00 to $1,130.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. UBS Group raised their target price on shares of Lumentum from $455.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,200.00 target price on shares of Lumentum in a report on Wednesday, May 6th. Morgan Stanley raised their target price on shares of Lumentum from $710.00 to $900.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, Bank of America raised their target price on shares of Lumentum to $520.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Lumentum has an average rating of “Moderate Buy” and an average price target of $1,012.43.

Lumentum Stock Down 5.8%

Shares of LITE opened at $992.37 on Wednesday. Lumentum has a 12 month low of $71.04 and a 12 month high of $1,085.68. The firm’s 50 day moving average is $793.08 and its 200-day moving average is $520.30. The stock has a market capitalization of $77.21 billion, a PE ratio of 183.77 and a beta of 1.53. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01.

Insiders Place Their Bets

In related news, Director Penny Herscher sold 4,000 shares of Lumentum stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $597.29, for a total value of $2,389,160.00. Following the transaction, the director directly owned 2,057 shares of the company’s stock, valued at $1,228,625.53. This trade represents a 66.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ian Small sold 3,500 shares of Lumentum stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $911.17, for a total transaction of $3,189,095.00. Following the completion of the transaction, the director directly owned 25,962 shares in the company, valued at $23,655,795.54. This trade represents a 11.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 78,359 shares of company stock valued at $53,062,952 over the last three months. 0.43% of the stock is owned by corporate insiders.

Institutional Trading of Lumentum

Hedge funds have recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC acquired a new stake in Lumentum in the first quarter valued at approximately $25,000. Sachetta LLC boosted its position in Lumentum by 118.8% in the first quarter. Sachetta LLC now owns 35 shares of the technology company’s stock valued at $25,000 after buying an additional 19 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Lumentum by 363.9% in the third quarter. EverSource Wealth Advisors LLC now owns 167 shares of the technology company’s stock valued at $27,000 after buying an additional 131 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Lumentum in the fourth quarter valued at approximately $28,000. Finally, Truvestments Capital LLC boosted its position in Lumentum by 300.0% in the fourth quarter. Truvestments Capital LLC now owns 76 shares of the technology company’s stock valued at $28,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum was added to the Nasdaq-100, a major milestone that is likely boosting demand from index-tracking funds and traders betting on continued AI infrastructure momentum. Lumentum Joins the Nasdaq-100 Index®, Achieving New Milestone in Global Growth
• Positive Sentiment: Recent earnings showed revenue growth of 90% year over year, with results and guidance reinforcing the bull case that AI and optical networking demand remain very strong. Lumentum Stock Rises 6% After Q3 Earnings: Should You Hold or Fold?
• Positive Sentiment: Analysts have turned more upbeat, with Northland Securities raising FY2027 EPS estimates and Citic Securities lifting its price target to $1,186, signaling improving long-term earnings expectations. Citic Securities adjusts price target on Lumentum
• Neutral Sentiment: Several recent articles say the stock’s rapid run has left investors debating whether it is now expensive after a sharp year-to-date surge.
• Neutral Sentiment: There is also evidence of insider selling by senior executives and directors, but the transactions were made under pre-arranged 10b5-1 plans, which makes them less alarming than discretionary selling. Lumentum (NASDAQ:LITE) SVP Sells $1,838,263.67 in Stock

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.