Lumentum (LITE) Projected to Post Quarterly Earnings on Tuesday

Key Points

• Earnings on May 5, 2026: Lumentum will report Q3 results after the close on Tuesday, May 5, with analysts forecasting $2.25 EPS and ~$802.94M revenue and the company guiding EPS of $2.15–$2.35.
• Recent performance and analyst outlook: the company beat last quarter ($1.67 EPS vs. $1.41 est.) with revenue up 65.5% year‑over‑year, and analysts expect ~$6 EPS for the current fiscal year and ~$15 for next year, with a consensus rating of "Moderate Buy" and a $757.25 target price.
• Stock and ownership signals: Lumentum is a large cap (~$61.3B) with a high P/E (~263.5), has seen meaningful insider selling (~65,775 shares worth $38.9M last quarter), and is heavily institutionally owned (~94.1%).

Lumentum (NASDAQ:LITE - Get Free Report) is expected to be issuing its Q3 2026 results after the market closes on Tuesday, May 5th. Analysts expect the company to announce earnings of $2.25 per share and revenue of $802.9410 million for the quarter. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS. Parties are encouraged to explore the company's upcoming Q3 2026 earning overview page for the latest details on the call scheduled for Tuesday, May 5, 2026 at 5:00 PM ET.

Lumentum (NASDAQ:LITE - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.26. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The business had revenue of $665.50 million for the quarter, compared to the consensus estimate of $646.74 million. During the same quarter in the prior year, the business posted $0.42 EPS. The business's revenue for the quarter was up 65.5% on a year-over-year basis. On average, analysts expect Lumentum to post $6 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Lumentum Trading Down 2.6%

LITE opened at $859.11 on Tuesday. Lumentum has a one year low of $56.80 and a one year high of $960.00. The company has a market cap of $61.34 billion, a P/E ratio of 263.53 and a beta of 1.38. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.45 and a current ratio of 0.61. The business's 50-day simple moving average is $745.69 and its 200-day simple moving average is $471.72.

Wall Street Analysts Forecast Growth

LITE has been the topic of a number of recent analyst reports. Mizuho increased their price objective on Lumentum from $750.00 to $930.00 and gave the company an "outperform" rating in a report on Wednesday, April 8th. TD Cowen upped their target price on Lumentum from $675.00 to $875.00 and gave the company a "hold" rating in a research report on Friday, April 10th. Rosenblatt Securities restated a "buy" rating and set a $900.00 price target on shares of Lumentum in a research note on Wednesday, March 18th. Citigroup raised their price target on Lumentum from $800.00 to $1,100.00 and gave the stock a "buy" rating in a research note on Tuesday, April 21st. Finally, Morgan Stanley raised their price target on Lumentum from $595.00 to $710.00 and gave the stock an "equal weight" rating in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $757.25.

Insider Transactions at Lumentum

In other Lumentum news, insider Yuen Wupen sold 3,157 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $538.00, for a total transaction of $1,698,466.00. Following the completion of the sale, the insider directly owned 88,439 shares of the company's stock, valued at approximately $47,580,182. This trade represents a 3.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Penny Herscher sold 4,849 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $535.48, for a total value of $2,596,542.52. Following the sale, the director directly owned 6,057 shares of the company's stock, valued at $3,243,402.36. The trade was a 44.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 65,775 shares of company stock worth $38,851,343. 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. VARCOV Co. acquired a new stake in Lumentum during the 4th quarter worth approximately $223,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Lumentum in the 4th quarter valued at approximately $223,000. Baird Financial Group Inc. acquired a new stake in shares of Lumentum in the 2nd quarter valued at approximately $217,000. State of Wyoming acquired a new stake in shares of Lumentum in the 2nd quarter valued at approximately $209,000. Finally, Glenmede Investment Management LP acquired a new position in Lumentum during the third quarter worth $204,000. 94.05% of the stock is owned by institutional investors and hedge funds.

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.

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