Lumentum (LITE) Set to Announce Earnings on Thursday

Key Points

• Lumentum is expected to report Q1 fiscal 2027 results on November 5 after the market close, with analysts forecasting $4.22 in EPS and $1.25 billion in revenue. The company’s guidance calls for EPS of $4.05–$4.35.
• The company exceeded estimates in its prior quarter, reporting $3.23 EPS and $1.01 billion in revenue, with sales up 109.3% year over year. Demand for optical components tied to AI infrastructure continues to support the growth outlook.
• Investor sentiment is broadly positive, including reported acquisition interest from Marvell and a consensus “Moderate Buy” rating with an average price target of $1,080.83, though premium valuation, customer concentration and capacity constraints remain risks.

Lumentum (NASDAQ:LITE - Get Free Report) is projected to issue its Q1 2027 results after the market closes on Thursday, November 5th. Analysts expect the company to post earnings of $4.22 per share and revenue of $1.25 billion for the quarter. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. Individuals may review the information on the company's upcoming Q1 2027 earnings overview page for the latest details on the call scheduled for Thursday, November 5, 2026 at 5:00 PM ET.

Lumentum (NASDAQ:LITE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The technology company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.26. Lumentum had a positive return on equity of 26.34% and a negative net margin of 230.15%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. Lumentum's revenue was up 109.3% compared to the same quarter last year. On average, analysts expect Lumentum to post $19.79 EPS for the current fiscal year and $33.08 EPS for the next fiscal year.

Lumentum Price Performance

Shares of NASDAQ:LITE opened at $913.95 on Thursday. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The stock has a market cap of $82.79 billion, a PE ratio of -11.12 and a beta of 1.53. The stock's fifty day simple moving average is $921.84 and its two-hundred day simple moving average is $789.65. Lumentum has a 1-year low of $184.20 and a 1-year high of $1,143.00.

Insiders Place Their Bets

In other news, insider Vincent Retort sold 38,663 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $852.59, for a total value of $32,963,687.17. Following the sale, the insider directly owned 78,440 shares of the company's stock, valued at approximately $66,877,159.60. This represents a 33.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yuen Wupen sold 1,500 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $827.82, for a total transaction of $1,241,730.00. Following the completion of the transaction, the insider owned 100,434 shares of the company's stock, valued at $83,141,273.88. This trade represents a 1.47% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 94,496 shares of company stock worth $85,978,498 over the last quarter. Insiders own 0.28% of the company's stock.

Trending Headlines about Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Potential acquisition by Marvell: Marvell International is reportedly in advanced talks to acquire Lumentum, according to Bloomberg. A transaction could create a takeover premium and strengthen Lumentum’s position in AI networking and optical components, although no deal has been finalized. Marvell in advanced talks to buy Lumentum, Bloomberg News reports
• Positive Sentiment: AI optics demand is supporting the sector: Analysts increasingly view optical components as a bottleneck in expanding AI infrastructure. Lumentum is benefiting from demand for optical networking products and pump lasers, while reports that some AI components are sold out through 2029 reinforce expectations for sustained order strength. Optical Stocks Climb as Analysts Flag AI Bottleneck
• Positive Sentiment: Favorable analyst coverage: StoneX initiated coverage with a buy or “strong-buy” rating and a $1,200 price target, implying additional upside. Recent commentary also gives Lumentum an edge over some AI-infrastructure peers because of its growth outlook and optical exposure. StoneX starts coverage with USD 1,200 target
• Neutral Sentiment: Momentum versus valuation: Lumentum’s strong performance reflects expectations for accelerating AI demand, but investors are debating whether the rally has moved ahead of the company’s underlying cash-generation potential. Lumentum Shares Jump 135% YTD
• Negative Sentiment: Key risks remain: Reports flag premium valuation, customer concentration and capacity limitations. Any slowdown in AI spending, inability to fulfill orders or disappointment in future results could pressure the shares after their substantial advance.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LITE. Stifel Nicolaus upped their price objective on shares of Lumentum from $1,100.00 to $1,232.00 and gave the stock a "buy" rating in a research report on Monday, October 5th. Morgan Stanley lifted their target price on Lumentum from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 12th. Jefferies Financial Group boosted their price target on shares of Lumentum from $1,200.00 to $1,250.00 and gave the stock a "buy" rating in a report on Tuesday, October 20th. Evercore started coverage on shares of Lumentum in a report on Monday, August 31st. They set an "outperform" rating and a $1,100.00 price objective for the company. Finally, TD Cowen lifted their price objective on shares of Lumentum from $800.00 to $820.00 and gave the stock a "hold" rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lumentum presently has a consensus rating of "Moderate Buy" and an average target price of $1,080.83.

Lumentum Company Profile

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.

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