DailyIQ
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Sector:TechnologyAll sectors
Last updated 100 days ago

LITE·LITE

$.
-. (-.%)
After Hours
High
$595.96
Open
$581.54
Market Cap
40.18B
52W High
$603.83
Low
$539.18
P. Close
$580.96
P/E
159.70
52W Low
$45.65
Fwd P/E
-
Mean Target
-
Technical Score (1D)
82
BUY
News Sentiment
80
BULLISH
Lumentum (LITE) is riding a wave of strong demand, as evidenced by its recent Q2 2026 results. The company swung to profitability, with revenue up 65% year-over-year, driven by demand for optical circuit switches and co-packaged optics. Management provided optimistic Q3 revenue guidance, supported by a substantial backlog, which is critical for AI data center buildouts. This positive outlook is further reinforced by analysts raising price targets, reflecting confidence in LITE's growth trajectory. The company's performance is closely tied to the expansion of AI infrastructure, suggesting continued demand for its products. This follows a period of strong earnings momentum, with sales figures increasing significantly and high returns on equity. While some analysts have a HOLD rating on the stock, the recent surge in price and positive earnings beat have led to bullish views. Investors should watch for further developments in AI infrastructure spending, as this will likely continue to drive LITE's performance.
Earnings Summary
Lumentum Holdings Inc. is a technology company that manufactures and sells optical and photonic products, operating within the Communication Equipment industry. The company's products serve various sectors, including cloud data centers, AI/ML infrastructure, and industrial markets. Recent performance shows a strong growth trajectory, driven by demand for optical components used in AI infrastructure. In Q1 2025, Lumentum reported an EPS of $0.57 on revenue of $425.2 million. While the EPS for Q3 2026 is not available, the revenue estimate was $808.73 million. The company's recent quarterly performance indicates a significant increase in revenue, with a swing to profitability. The company's Q2 FY2026 results show a swing to profitability, with revenue up 65% year-over-year, reaching an all-time high. This performance is fueled by robust demand for optical circuit switches and co-packaged optics, key components in AI infrastructure. The company has demonstrated strong revenue growth, but the lack of EPS data for the most recent quarter makes it difficult to assess the overall earnings trend. Recent news highlights Lumentum's strong growth, driven by demand for optical components used in AI infrastructure, with revenue surging 65% year-over-year. Management has also increased the growth outlook, supported by a significant backlog in key product lines. Investors should watch for continued demand in the AI sector and any updates from the upcoming investor events, as these factors will be key to sustaining the company's growth momentum.

EPS

EstBeatMiss
$0.22$0.83$1.44$2.04$2.65Q1'25Q3'26
QtrEstActual+/−
Q3'26$2.31$2.37+2.4%
Q1'25$0.50$0.57+13.7%

Revenue

EstBeatMiss
$366M$494M$623M$751M$880MQ1'25Q3'26
QtrEstActual+/−
Q3'26$820M$808M-1.5%
Q1'25 - $425M -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

LITE Stock Snapshot

LITE is currently trading at $547.50, giving LITE a market cap of 40.18B and a P/E ratio of 159.7. Today's range spans $539.18–$595.96, with shares opening at $581.54 and moving down $33.46 (5.7%) from the prior close. DailyIQ's technical score sits at 82/100 (BUY) with a news sentiment reading of 80/100.

Over the past year LITE has traded between $45.65 and $603.83 - the current price is +1099.3% off the 52-week low and -9.3% from the high.

The BUY technical setup for LITE (82/100) is worth attention in the context of the broader Technology sector. At $547.50 (near 52-week highs), with 40.18B in capitalization and bullish sentiment at 80/100 The current P/E ratio stands at 159.7., this large-cap name sits at the intersection where momentum strategies and fundamental growth investors both find something to like. Annual range: $45.65–$603.83.

Earnings revision cycles in large-cap Technology names tend to compound: when technicals confirm a BUY thesis (82/100) and news sentiment (80/100, bullish) supports the narrative, analyst upgrades follow price rather than lead it. At $547.50 (near 52-week highs), LITE's position within the $45.65–$603.83 annual range suggests there's room for multiple expansion before the stock encounters meaningful technical resistance.

Recent News Coverage

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