Northland Capmk Has Strong Estimate for Lumentum Q2 Earnings

Lumentum Holdings Inc. (NASDAQ:LITE) – Equities research analysts at Northland Capmk raised their Q2 2026 earnings per share estimates for Lumentum in a note issued to investors on Wednesday, November 5th. Northland Capmk analyst T. Savageaux now expects that the technology company will post earnings per share of $0.98 for the quarter, up from their previous estimate 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.

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

A number of other research firms have also recently commented on LITE. Citigroup began coverage on shares of Lumentum in a research note on Friday, August 29th. They issued a “buy” rating and a $165.00 price target for the company. UBS Group upped their target price on shares of Lumentum from $78.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Wolfe Research restated an “outperform” rating and set a $240.00 price target on shares of Lumentum in a research report on Wednesday. Northland Securities set a $250.00 price target on Lumentum in a research note on Wednesday. Finally, B. Riley increased their price objective on Lumentum from $83.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $190.67.

Lumentum Stock Up 0.2%

Shares of NASDAQ LITE opened at $240.11 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. The business has a 50-day moving average of $169.80 and a 200-day moving average of $119.28. The firm has a market capitalization of $17.02 billion, a price-to-earnings ratio of 161.15 and a beta of 1.48. Lumentum has a 12 month low of $45.65 and a 12 month high of $258.35.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in Lumentum during the 1st quarter valued at $25,000. FNY Investment Advisers LLC bought a new position in shares of Lumentum during the second quarter valued at about $38,000. SVB Wealth LLC purchased a new stake in shares of Lumentum during the first quarter worth about $40,000. MAI Capital Management grew its stake in shares of Lumentum by 27.0% in the second quarter. MAI Capital Management now owns 452 shares of the technology company’s stock worth $43,000 after purchasing an additional 96 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in Lumentum during the 3rd quarter valued at about $49,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lumentum news, insider Yuen Wupen sold 3,282 shares of Lumentum stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $119.25, for a total value of $391,378.50. Following the transaction, the insider directly owned 104,554 shares of the company’s stock, valued at $12,468,064.50. The trade was a 3.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Wajid Ali sold 2,526 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $124.39, for a total value of $314,209.14. Following the completion of the sale, the chief financial officer owned 77,087 shares of the company’s stock, valued at $9,588,851.93. The trade was a 3.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,198 shares of company stock worth $2,180,887 in the last ninety days. Corporate 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.