Lumentum (NASDAQ:LITE) Releases Q2 2027 Earnings Guidance

Lumentum (NASDAQ:LITE) issued an update on its second quarter 2027 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 5.900-6.200 for the period, compared to the consensus estimate of 4.980. The company issued revenue guidance of $1.6 billion, compared to the consensus revenue estimate of $1.5 billion.

Analyst Upgrades and Downgrades

LITE has been the subject of a number of research reports. Rosenblatt Securities cut their target price on shares of Lumentum from $1,300.00 to $900.00 and set a “buy” rating for the company in a research report on Tuesday. Wolfe Research reissued an “outperform” rating on shares of Lumentum in a research report on Friday, August 21st. JPMorgan Chase & Co. upped their price target on shares of Lumentum from $1,165.00 to $1,280.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Weiss Ratings downgraded shares of Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a report on Wednesday, August 19th. Finally, Sanford C. Bernstein assumed coverage on shares of Lumentum in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $1,220.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,046.54.

Lumentum Price Performance

NASDAQ:LITE traded down $5.32 during mid-day trading on Tuesday, hitting $679.08. 2,900,930 shares of the stock traded hands, compared to its average volume of 5,530,146. The business’s 50-day moving average price is $919.26 and its 200 day moving average price is $796.61. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The company has a market cap of $61.51 billion, a PE ratio of -8.33 and a beta of 1.53. Lumentum has a 12-month low of $184.20 and a 12-month high of $1,143.00.

Lumentum (NASDAQ:LITE) last posted its earnings results on Monday, November 2nd. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.22 by $0.35. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business’s revenue for the quarter was up 136.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. On average, analysts expect that Lumentum will post 19.79 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Yuen Wupen sold 307 shares of Lumentum stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $945.00, for a total transaction of $290,115.00. Following the completion of the sale, the insider owned 108,320 shares of the company’s stock, valued at approximately $102,362,400. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 24,542 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the transaction, the chief financial officer owned 75,074 shares of the company’s stock, valued at approximately $78,715,089. The trade was a 24.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 94,496 shares of company stock worth $85,978,498 in the last quarter. 0.28% of the stock is currently owned by company insiders.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum reported fiscal first-quarter adjusted earnings of $4.57 per share, exceeding the $4.22 consensus estimate, while revenue of $1.26 billion was in line with expectations and rose 136.5% year over year. Lumentum Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: The company guided to fiscal second-quarter earnings of $5.90–$6.20 per share and revenue of approximately $1.6 billion, above analyst expectations of $4.98 per share and $1.5 billion, signaling continued strength in AI-related optical demand.
• Positive Sentiment: Rosenblatt Securities maintained a “buy” rating and set a $900 price target, suggesting substantial potential upside from recent trading levels.
• Neutral Sentiment: Marvell agreed to acquire Lumentum in an all-stock transaction offering 4.5 Marvell shares for each Lumentum share. The combination is intended to create a major AI-connectivity platform by joining Marvell’s custom silicon with Lumentum’s optical components. Marvell and Lumentum to Combine
• Negative Sentiment: Investors have reacted negatively to the transaction because it is entirely stock-funded, raising concerns about dilution, the deal’s large valuation, integration risk and limited near-term upside. Falling Marvell shares also reduce the effective value of Lumentum’s consideration. MRVL and LITE Downgraded
• Negative Sentiment: B. Riley Financial downgraded Lumentum from “buy” to “neutral,” with a $770 price target. Investor-rights law firms are also reviewing whether the proposed consideration fairly values Lumentum shareholders, adding uncertainty around deal approval and terms. LITE Shareholder Investigation

About Lumentum

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.