Announcement • May 08
Lumentum Holdings Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal Year 2026 Lumentum Holdings Inc. provided earnings guidance for the fourth quarter of fiscal year 2026. For the quarter, company expected Net revenue in the range of $960 million to $1.01 billion. Reported Earnings • May 06
Third quarter 2026 earnings: EPS exceeds analyst expectations Third quarter 2026 results: EPS: US$1.99 (up from US$0.64 loss in 3Q 2025). Revenue: US$808.4m (up 90% from 3Q 2025). Net income: US$142.5m (up US$186.6m from 3Q 2025). Profit margin: 18% (up from net loss in 3Q 2025). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.2%. Revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Communications industry in the US. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 177% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 05
Price target increased by 8.8% to US$905 Up from US$832, the current price target is an average from 24 analysts. New target price is 9.0% below last closing price of US$995. Stock is up 1,444% over the past year. The company is forecast to post earnings per share of US$4.45 for next year compared to US$0.38 last year. Live News • May 05
Lumentum Surges With NVIDIA Partnership and New Facility as AI Demand Drives Record Orders Lumentum’s stock has risen sharply over the past year, supported by heavy demand for its optical components used in AI data centers and next‑generation infrastructure.
The company entered a multiyear partnership reportedly worth about US$2 billion with NVIDIA, including research on advanced optics, manufacturing expansion, and new agreements with large hyperscale customers.
Lumentum plans a 240,000‑square‑foot manufacturing facility in Greensboro, North Carolina, as its product backlog in areas like optical circuit switches is reported to be sold out through 2027, and it recently reported fiscal Q2 2026 revenue that was 65.5% higher year over year and ahead of expectations.
For investors, the key point is that Lumentum is tying its strategy closely to AI infrastructure, particularly optical photonics that support faster and more energy‑efficient data transmission. The NVIDIA partnership and new Greensboro facility indicate that the company is committing capital and capacity to meet what it views as strong, visible demand, with a backlog that extends several years. Analysts at several major firms, including JPMorgan, Northland, Morgan Stanley, and Rothschild & Co, have raised their price targets and highlighted Lumentum’s role in the transition from copper to optical solutions.
The company’s focus on VCSELs and optical switching sits at the center of this theme, with recent Q2 2026 revenue up 65.5% year over year and ahead of forecasts. For readers tracking AI supply chains, Lumentum is described as a key supplier to hyperscalers and data center operators looking to support heavier AI workloads, and analyst commentary, including from Jim Cramer, has reflected that view. Price Target Changed • Apr 22
Price target increased by 7.6% to US$832 Up from US$773, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of US$837. Stock is up 1,521% over the past year. The company is forecast to post earnings per share of US$4.45 for next year compared to US$0.38 last year. Price Target Changed • Apr 09
Price target increased by 7.9% to US$765 Up from US$709, the current price target is an average from 23 analysts. New target price is 14% below last closing price of US$894. Stock is up 1,542% over the past year. The company is forecast to post earnings per share of US$4.46 for next year compared to US$0.38 last year. Announcement • Apr 07
Lumentum Holdings Inc. to Report Q3, 2026 Results on May 05, 2026 Lumentum Holdings Inc. announced that they will report Q3, 2026 results After-Market on May 05, 2026 Buy Or Sell Opportunity • Mar 26
Now 20% undervalued Over the last 90 days, the stock has risen 76% to US$689. The fair value is estimated to be US$862, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 167% in 2 years. Earnings are forecast to grow by 428% in the next 2 years. Price Target Changed • Mar 23
Price target increased by 7.2% to US$709 Up from US$661, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of US$729. Stock is up 890% over the past year. The company is forecast to post earnings per share of US$4.46 for next year compared to US$0.38 last year. Announcement • Mar 03
Lumentum Holdings Inc. announced that it has received $2.000000114 billion in funding from NVIDIA Corporation Lumentum Holdings Inc. announced private placement to issue 2,876,415 Series A Convertible Preferred Stock at a price of $695.31 per share for the proceeds of $2,000,000,114 on March 2, 2026. Transaction involves participation of NVIDIA Corporation as a new investor. The Shares were issued and sold to investor in a private placement relying upon the exemption provided by Section 4(a)(2) of the Securities Act of 1933, as amended. The Series A Preferred Stock will convert on a one-for-one basis into shares of the Company’s common stock (the “Common Stock”) (i) at the option of the holder, provided, that, no holder may exercise this conversion right until the expiration or termination of the applicable waiting period (or any extension thereof) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the rules and regulations promulgated thereunder or (ii) automatically immediately before the closing of a qualified sale. The Certificate of Designation defines qualified sale as the bona fide sale of the Series A Preferred Stock to the Company or a non-affiliate of the holder. Price Target Changed • Mar 02
Price target increased by 7.4% to US$614 Up from US$571, the current price target is an average from 22 analysts. New target price is 22% below last closing price of US$783. Stock is up 1,092% over the past year. The company is forecast to post earnings per share of US$4.22 for next year compared to US$0.38 last year. Recent Insider Transactions Derivative • Mar 01
Executive VP & CFO notifies of intention to sell stock Wajid Ali intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 27th of February. If the sale is conducted around the recent share price of US$691, it would amount to US$3.7m. Since June 2025, Wajid's direct individual holding has increased from 47.46k shares to 71.59k. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months. Buy Or Sell Opportunity • Feb 26
Now 21% undervalued Over the last 90 days, the stock has risen 108% to US$677. The fair value is estimated to be US$854, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 151% in 2 years. Earnings are forecast to grow by 350% in the next 2 years. Recent Insider Transactions Derivative • Feb 18
President of Global Business Units notifies of intention to sell stock Wupen Yuen intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 17th of February. If the sale is conducted around the recent share price of US$538, it would amount to US$1.7m. Since June 2025, Wupen's direct individual holding has increased from 81.01k shares to 95.08k. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Feb 12
Independent Chair of Board of Directors recently sold US$2.6m worth of stock On the 6th of February, Penelope Herscher sold around 5k shares on-market at roughly US$535 per share. This transaction amounted to 9.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Penelope's only on-market trade for the last 12 months. Major Estimate Revision • Feb 11
Consensus EPS estimates increase by 73% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$2.64b to US$2.90b. EPS estimate increased from US$2.42 to US$4.20 per share. Net income forecast to grow 165% next year vs 32% growth forecast for Communications industry in the US. Consensus price target up from US$351 to US$539. Share price rose 29% to US$561 over the past week. Price Target Changed • Feb 04
Price target increased by 50% to US$524 Up from US$348, the current price target is an average from 21 analysts. New target price is 13% above last closing price of US$465. Stock is up 421% over the past year. The company is forecast to post earnings per share of US$4.19 for next year compared to US$0.38 last year. Reported Earnings • Feb 04
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: US$1.10 (up from US$0.88 loss in 2Q 2025). Revenue: US$665.5m (up 66% from 2Q 2025). Net income: US$78.2m (up US$139.1m from 2Q 2025). Profit margin: 12% (up from net loss in 2Q 2025). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 80%. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Communications industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 04
Lumentum Holdings Inc. Provides Earnings Guidance for the Third Quarter of Fiscal Year 2026 Lumentum Holdings Inc. provided earnings guidance for the third quarter of fiscal year 2026. For the quarter, the company expected net revenue in the range of $780 million to $830 million. Price Target Changed • Feb 02
Price target increased by 9.0% to US$369 Up from US$338, the current price target is an average from 21 analysts. New target price is 13% below last closing price of US$423. Stock is up 402% over the past year. The company is forecast to post earnings per share of US$2.42 for next year compared to US$0.38 last year. Major Estimate Revision • Jan 21
Consensus EPS estimates increase by 16% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from US$2.03 to US$2.36. Revenue forecast steady at US$2.63b. Net income forecast to grow 144% next year vs 24% growth forecast for Communications industry in the US. Consensus price target up from US$294 to US$321. Share price rose 9.3% to US$362 over the past week. Announcement • Jan 16
Lumentum Holdings Inc. Showcases Next-Generation Ultrafast and Uv Laser Platforms for Precision Manufacturing At Photonics West 2026 Lumentum Holdings Inc. announced its participation in SPIE Photonics West 2026, where it will showcase high-power ultrafast, UV, and 3D sensing laser solutions designed to meet the growing precision, throughput, and reliability demands of advanced manufacturing and sensing applications. Featured products include: PicoBlade®? Core - Lumentum's latest ultrafast laser platform delivers up to 150 watts of average power with sub-12 picosecond pulses and integrated multi-wavelength output in a compact, unified design. It enables high-throughput, precision micromachining for printed circuit boards, battery cells, solar cells, and consumer electronics applications. The platform is available in NIR, Green and UV wavelengths. NQ-Series - The newest addition to Lumentum's nanosecond-pulsed laser portfolio, the NQ-Series delivers up to 500 uJ pulse energy of UV light at rates up to 60 kHz. Designed for high-throughput micromachining, the NQ-Series brings exceptional beam quality and reliability to address next-generation processing challenges. 3D Sensing VCSELs - Lumentum offers a broad portfolio of vertical-cavity surface-emitting laser (VCSEL) solutions supporting 3D sensing across a wide range of industrial and consumer applications. Scalable, high-volume manufacturing ensures consistent performance, high reliability, and power efficiency for use cases including depth sensing, object detection, and driver assistance systems. Price Target Changed • Jan 12
Price target increased by 9.7% to US$294 Up from US$268, the current price target is an average from 21 analysts. New target price is 13% below last closing price of US$340. Stock is up 306% over the past year. The company is forecast to post earnings per share of US$2.03 for next year compared to US$0.38 last year. Price Target Changed • Jan 08
Price target increased by 8.6% to US$277 Up from US$255, the current price target is an average from 21 analysts. New target price is 20% below last closing price of US$348. Stock is up 309% over the past year. The company is forecast to post earnings per share of US$2.03 for next year compared to US$0.38 last year. Major Estimate Revision • Dec 18
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from US$2.27 to US$2.03 per share. Revenue forecast steady at US$2.60b. Net income forecast to grow 135% next year vs 24% growth forecast for Communications industry in the US. Consensus price target up from US$255 to US$268. Share price fell 13% to US$320 over the past week. Announcement • Dec 16
Lumentum Holdings Inc. Appoints Thad Trent to Board of Directors On December 15, 2025, the board of directors of Lumentum Holdings Inc. appointed Thad Trent to serve as a member of the Board, effective immediately. Concurrent with his appointment to the Board, Mr. Trent was also appointed to serve on the Audit Committee of the Board. Mr. Trent will serve an initial term of office expiring at the Company’s 2026 annual meeting of stockholders and until his successor is duly elected and qualified. Mr. Trent, 58, has served as Executive Vice President and Chief Financial Officer at ON Semiconductor Corporation (onsemi), a semiconductor supplier of power and sensing solutions, since February 2021. Prior to onsemi, Mr. Trent was the Chief Financial Officer at Cypress Semiconductor Corporation, a semiconductor design and manufacturing company, from June 2014 until its sale to Infineon Technologies AG in April 2020, and was Vice President, Finance from October 2005 to June 2014. He held progressive leadership positions in finance at Wyle Electronics, Zaffire Inc., Scion Photonics Inc. and Wind River Systems Inc. from 1992 to 2005. Mr. Trent holds a Bachelor of Science degree in Business Administration and Finance from San Diego State University. Price Target Changed • Dec 07
Price target increased by 9.1% to US$255 Up from US$234, the current price target is an average from 21 analysts. New target price is 23% below last closing price of US$331. Stock is up 257% over the past year. The company is forecast to post earnings per share of US$2.27 for next year compared to US$0.38 last year. Recent Insider Transactions • Nov 24
Independent Director recently sold US$936k worth of stock On the 19th of November, Pamela Fletcher sold around 3k shares on-market at roughly US$274 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.7m. Insiders have been net sellers, collectively disposing of US$6.7m more than they bought in the last 12 months. Recent Insider Transactions • Nov 11
VP of Finance recently sold US$1.0m worth of stock On the 7th of November, Matthew Sepe sold around 4k shares on-market at roughly US$240 per share. This transaction amounted to 8.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$3.9m more than they bought in the last 12 months. Buy Or Sell Opportunity • Nov 10
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 117% to US$260. The fair value is estimated to be US$201, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 89% in 2 years. Earnings are forecast to grow by 312% in the next 2 years. Recent Insider Transactions Derivative • Nov 09
Independent Director notifies of intention to sell stock Isaac Harris intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of November. If the sale is conducted around the recent share price of US$243, it would amount to US$1.8m. Since December 2024, Isaac has owned 13.65k shares directly. Company insiders have collectively sold US$2.9m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Nov 06
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: US$0.06 (up from US$1.21 loss in 1Q 2025). Revenue: US$533.8m (up 58% from 1Q 2025). Net income: US$4.20m (up US$86.6m from 1Q 2025). Profit margin: 0.8% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 69%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Communications industry in the US. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 62% per year, which means it is well ahead of earnings. Price Target Changed • Nov 05
Price target increased by 33% to US$209 Up from US$158, the current price target is an average from 20 analysts. New target price is 10% below last closing price of US$233. Stock is up 223% over the past year. The company is forecast to post earnings per share of US$2.13 for next year compared to US$0.38 last year. Announcement • Nov 05
Lumentum Holdings Inc. Provides Earnings Guidance for the Second Quarter of Fiscal Year 2026 Lumentum Holdings Inc. provided earnings guidance for the second quarter of fiscal year 2026. For the quarter, the company expects Net revenue in the range of $630 million to $670 million. Buy Or Sell Opportunity • Oct 24
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 72% to US$179. The fair value is estimated to be US$144, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings are also forecast to grow by 56% per annum over the same time period. Price Target Changed • Oct 14
Price target increased by 9.6% to US$158 Up from US$144, the current price target is an average from 20 analysts. New target price is approximately in line with last closing price of US$157. Stock is up 135% over the past year. The company is forecast to post earnings per share of US$1.60 for next year compared to US$0.38 last year. Announcement • Oct 09
Lumentum Holdings Inc. to Report Q1, 2026 Results on Nov 04, 2025 Lumentum Holdings Inc. announced that they will report Q1, 2026 results After-Market on Nov 04, 2025 Announcement • Oct 08
Lumentum Holdings Inc., Annual General Meeting, Nov 19, 2025 Lumentum Holdings Inc., Annual General Meeting, Nov 19, 2025. Announcement • Sep 30
Lumentum Showcases New Products and Technologies at ECOC 2025 for AI and Data Center Networks Lumentum Holdings Inc. announced several live technology and product demonstrations at ECOC, the European Conference on Optical Communications, reinforcing the company's focus on enabling AI-driven data centers and the world's largest communications networks. During the exhibition, Lumentum will showcase multiple live demonstrations: ELSFP Transceivers for CPO Architectures: Lumentum is showcasing its development of external laser source (ELS) modules in the ELSFP pluggable form factor, designed to advance co-packaged optics (CPO) architectures in high-bandwidth environments such as hyperscale data centers and AI clusters. The demonstration highlights pluggable modules incorporating Lumentum's ultra-high-power (UHP) 1310 nm lasers, enabling next-generation switches and AI processors with integrated optical connectivity. By separating the laser source from the optical engine and placing it at the system faceplate, these modules improve thermal management and reliability, while their design enhances serviceability and modularity. The ELSFP form factor provides higher system density, lower thermal loads, and improved lifetime performance, all while maintaining standards compliance. This product is expected to be sampling in calendar First Quarter 2026. Lumentum is also demonstrating its 1.6T DR8 TRO OSFP pluggable transceiver module, which provides 8x200 Gbps data connectivity over 500 meters of single-mode fiber optics targeting hyperscale Cloud and AI applications. Its TRO or "Transmit-Retimed Optical" design offers a significantly lower power dissipation compared to a Fully Retimed Optical (FRO) transceiver module. The product leverages internal Lumentum manufacturing and components and is currently ramping into volume production. Extended C+L Ultrawideband Nano-iTLA Now Sampling: In addition, Lumentum is sampling its ultrawideband narrow-linewidth InP nano-iTLA. This new laser assembly provides full tunability across more than 12.4 THz, covering both the extended C- and L- bands making it ideally suited to support the increased bandwidth demand driven by AI data centers, data center interconnects (DCI), metro, and long-haul networks. Building on Lumentum's proven, world-class external cavity laser (ECL) technology, the ultrawideband nano-iTLA is delivered in the same compact, form factor as existing solutions, with a single wideband tunable laser. It offers best-in-class narrow-linewidth performance, enabling superior signal integrity and system reach. Initial units have been delivered to key customers for evaluation in next-generation optical networks. Announcement • Sep 24
Lumentum Holdings Inc. Announces R64 Optical Circuit Switch for Ai Data Centers Lumentum Holdings Inc. announced the expansion of its Optical Circuit Switch (OCS) product line with the new R64 platform. Based on Lumentum's proven MEMS technology, the device will launch as a 64x64-port product for lower-port-count applications within AI data centers. The company will feature the new product at the ECOC exhibition in Copenhagen, Denmark, from September 29-October 1. The Lumentum R64 OCS complements the high-port count R300 OCS, and leverages decades of in-house engineering expertise in MEMS technology used widely in telecom applications. With a deep patent portfolio and more than one trillion field mirror operating hours, the OCS is designed to provide unmatched performance and high reliability for AI data centers. Key Advantages of the R64 OCS: Low Power consumption: At less than 150 W for a switch capable of carrying over 100Tbps of optical traffic, the R64 changes how an AI data center can scale by offering 80% power reduction compared to packet-based switches. Exceptional Optical Performance: MEMS technology does not require light to pass through any active medium, giving exceptionally low insertion loss and almost no polarization dependence. Flexible Optical Design: The R64 platform allows scaling to 72x72 ports, uni- or bi-directional operation, and full any-to-any fiber connectivity which removes typical OCS connectivity restrictions for bi-directional applications. Wide Band Operation: The R64 is optimized for today's O-band applications and brings exceptional performance in the C-band, due to the future-proof, bandwidth-agnostic MEMS technology. Ultra Stable: Lumentum's proprietary MEMS design is inherently stable over product lifetimes, requiring no feedback mechanism. This avoids control loop dither noise from being introduced to the optical signal while reducing overall system complexity. Compact Footprint: The compact design packs in all required features into a 2RU form factor, including redundant power supplies and cooling fans. The R64 OCS adds to Lumentum's growing portfolio of innovative photonic solutions aimed at improving AI data center scalability. Systems will begin sampling with customers in calendar Fourth Quarter 2025, with general availability expected in the second half of 2026. Recent Insider Transactions Derivative • Aug 24
Senior VP notifies of intention to sell stock Jae Kim intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of August. If the sale is conducted around the recent share price of US$117, it would amount to US$527k. Since June 2025, Jae's direct individual holding has increased from 282.00 shares to 5.80k. Company insiders have collectively sold US$2.9m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Aug 19
Consensus EPS estimates have been upgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$2.18b to US$2.29b. Forecast to become profitable, with EPS estimate increasing from -US$0.491 to US$1.62 per share. Communications industry in the US expected to see average net income growth of 13% next year. Consensus price target up from US$104 to US$137. Share price rose 3.4% to US$119 over the past week. Reported Earnings • Aug 13
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: US$0.38 (up from US$8.12 loss in FY 2024). Revenue: US$1.65b (up 21% from FY 2024). Net income: US$25.9m (up US$572.4m from FY 2024). Profit margin: 1.6% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Communications industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Price Target Changed • Aug 13
Price target increased by 33% to US$136 Up from US$102, the current price target is an average from 17 analysts. New target price is 13% above last closing price of US$120. Stock is up 164% over the past year. The company is forecast to post earnings per share of US$1.62 for next year compared to US$0.38 last year. Recent Insider Transactions Derivative • Jul 16
Advisor & Director notifies of intention to sell stock Alan Lowe intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of July. If the sale is conducted around the recent share price of US$98.47, it would amount to US$985k. Since September 2024, Alan's direct individual holding has increased from 130.19k shares to 230.47k. Company insiders have collectively sold US$2.8m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jul 15
Lumentum Holdings Inc. to Report Q4, 2025 Results on Aug 12, 2025 Lumentum Holdings Inc. announced that they will report Q4, 2025 results After-Market on Aug 12, 2025 Announcement • Jun 24
Lumentum Holdings Inc. to Highlight Latest Advancements At Laser World of Photonics Munich 2025 Lumentum Holdings Inc. announced its participation in Laser World of Photonics 2025, taking place at the Trade Fair Center Messe Munchen in Munich, Germany. Lumentum will exhibit its broad portfolio of laser technologies at Hall A2, Stand 337, with a focus on solutions that drive the future of industrial photonics and precision manufacturing. Lumentum will display its latest advancements in ultrafast and nanosecond laser platforms, along with specialty fibers technologies, to support high-growth sectors including consumer electronics and energy storage. PicoBlade Core - The newest ultrafast laser platform from Lumentum delivers up to 150 watts of average power with sub-12 picosecond pulses and integrated multi-wavelength output in a compact, unified design. It enables high-throughput, precision micromachining across printed circuit board, battery cell, solar cell, and consumer electronics applications. Q-Series®?- This line of high-power diode-pumped UV and green lasers offers leading pulse energy and peak power with exceptional stability and uptime. These products are ideal for high-precision processing across diverse materials and manufacturing environments. Q-Series Q391 - The latest addition to the Q-Series portfolio is a nanosecond-pulsed UV laser that delivers 1 millijoule pulse energies at up to 40 kHz. Designed for high-throughput micromachining, the Q391 brings exceptional beam quality and reliability to next-generation processing challenges. Specialty Fibers and Components - Produced using proprietary modified chemical vapor deposition and in-house rare-earth doping, these specialty fibers offer precise control over core size, numerical aperture, and absorption. Lumentum fibers and components integrate seamlessly into advanced photonic systems for industrial, scientific, and telecom applications. 3D Sensing for Industrial and Automotive - Lumentum offers a broad portfolio of vertical-cavity surface-emitting laser (VCSEL) solutions to support 3D sensing across diverse industrial and automotive applications. Scalable, high-volume manufacturing enables consistent performance, high reliability, and power efficiency for use cases including depth sensing, object detection, and driver assistance systems. Recent Insider Transactions Derivative • Jun 20
Advisor & Director notifies of intention to sell stock Alan Lowe intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of June. If the sale is conducted around the recent share price of US$88.47, it would amount to US$1.8m. Since September 2024, Alan's direct individual holding has increased from 130.19k shares to 279.91k. Company insiders have collectively sold US$2.8m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Jun 06
Price target increased by 7.0% to US$90.38 Up from US$84.44, the current price target is an average from 16 analysts. New target price is 11% above last closing price of US$81.46. Stock is up 78% over the past year. The company is forecast to post a net loss per share of US$3.22 next year compared to a net loss per share of US$8.12 last year. Recent Insider Transactions Derivative • Jun 05
Advisor & Director notifies of intention to sell stock Alan Lowe intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 4th of June. If the sale is conducted around the recent share price of US$83.58, it would amount to US$836k. Since September 2024, Alan's direct individual holding has increased from 130.19k shares to 279.91k. Company insiders have collectively sold US$2.8m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • May 16
President of Cloud & Networking notifies of intention to sell stock Wupen Yuen intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of May. If the sale is conducted around the recent share price of US$76.87, it would amount to US$363k. Since September 2024, Wupen's direct individual holding has increased from 25.84k shares to 95.50k. Company insiders have collectively sold US$2.8m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • May 07
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: US$0.64 loss per share (improved from US$1.88 loss in 3Q 2024). Revenue: US$425.2m (up 16% from 3Q 2024). Net loss: US$44.1m (loss narrowed 65% from 3Q 2024). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 2.9%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Communications industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Announcement • May 07
Lumentum Holdings Inc. Provides Earnings Guidance for Fourth Quarter of 2025 Lumentum Holdings Inc. provided earnings guidance for fourth quarter of 2025. For the quarter, the company expects Net revenue in the range of $440 million to $470 million. Announcement • Apr 23
Lumentum Holdings Inc. to Report Q3, 2025 Results on May 06, 2025 Lumentum Holdings Inc. announced that they will report Q3, 2025 results After-Market on May 06, 2025 Price Target Changed • Apr 22
Price target decreased by 10% to US$86.06 Down from US$95.88, the current price target is an average from 16 analysts. New target price is 67% above last closing price of US$51.64. Stock is up 23% over the past year. The company is forecast to post a net loss per share of US$3.22 next year compared to a net loss per share of US$8.12 last year. Announcement • Apr 01
Lumentum Holdings Inc. Unveils New Transceivers to Double Fiber Capacity Across Wide Range of Transmission Distances Lumentum Holdings Inc. announced limited sampling of its new 400/800G ZR+ L-band pluggable transceivers, along with general availability of its 800G ZR+ C-band module. Both products will be showcased in live demonstrations at the 2025 Optical Fiber Communications Conference and Exhibition (OFC) at Lumentum Booth #2119 in San Francisco, California, April 1-3. The new L-band module extends transceiver operation into the L-band spectrum, effectively doubling the usable spectrum range and available fiber capacity. It delivers 800G data rates for data center interconnect (DCI) and metro applications, while supporting 400G data rates in long-haul deployments using quadrature phase shift keying (QPSK) for optimized reach and performance. The 400G ZR++ L-band module will be demonstrated alongside the TrueFlex®? Micro Twin 2x34 integrated C and L Wavelength Selective Switch (WSS), highlighting a comprehensive and cost-effective system-level solution. Lumentum's pluggable modules are designed for direct router-to-router connectivity, reducing overall system complexity and cost. Expanding access to fiber capacity is essential as data traffic driven by artificial intelligence (AI) and machine learning (ML) continues to grow at an unprecedented pace. Both the L-band and C-band modules help address global fiber shortages while enabling the rapid scaling of network transmission capacity. Announcement • Mar 28
Lumentum Holdings Inc. to Showcase Cutting-Edge Optical Innovations for Cloud, AI, and Networking Infrastructure At Ofc 2025 Lumentum Holdings Inc. will unveil its latest innovations in optical networking at the Optical Fiber Communications Conference and Exhibition (OFC) 2025, March 30-April 3 in San Francisco. At booth #2119, Lumentum will present advancements in high-speed data interconnect products and technologies, optical circuit switching (OCS), high-power pump lasers, and next-generation networking technologies, reinforcing its commitment to innovations that enable efficient scaling of AI-driven and cloud-scale networking architectures. With its broad portfolio of advanced optical components and indium phosphide (InP) photonic devices, Lumentum delivers high-performance, reliable solutions that support the growing demands of next-generation AI and data center infrastructure. Lumentum president and CEO Michael Hurlston will also join the CEO panel at the Optica Executive Forum on March 31 at the Marriott Marquis. Live Demonstrations: Advancing AI, Cloud, and Networking: Networking for AI/ML Workloads, Cloud Environments, and Coherent Data Center Interconnects: Featuring three dedicated racks spanning AI/ML front-end and back-end networks, data center interconnects (DCI), and longer-distance optical networks, Lumentum will showcase live demonstrations of its latest photonic technologies designed to meet the growing demands of AI clusters and hyperscale cloud infrastructure. A key highlight includes its OCS technology, which enhances scalability, efficiency, and power savings for AI/ML interconnects and cloud networking. Featured Products and Technology: AI/ML Back-End Network: 800G and 1.6T optical transceivers and OCS; Cloud Front-End Network: 400G, 800G short reach transceivers, and 800ZR transceivers; DCI and Long-Haul Networking: TrueFlex®?Micro Twin 2x34 integrated C and L wavelength selective switch (WSS), 800G ZR/ZR+ pluggable modules operating across both C and L transmission bands, including transmission over > 400km fiber; R300 OCS:Lumentum will demonstrate its new R300 OCS, a 300x300 port solution optimized for AI cluster interconnects and intra-data center networks. Currently sampling with hyperscale cloud customers, the R300 OCS will be available in the second half of 2025. Featuring MEMS-based optical switching based on over a trillion-field mirror operating hours and hundreds of patents, it provides a power-efficient, cost-effective alternative to traditional Ethernet architectures. Lumentum will also demonstrate 448 Gbps data transmission using 224 GBaud PAM4 externally-modulated laser (EML) technology in collaboration with Keysight Technologies and NTT Innovative Devices at booth #1301. Lumentum's high-bandwidth InP EML enables power-efficient, high-speed optical interconnects for AI and cloud infrastructure. This demonstration marks the first characterization of an InP modulator with PAM4 modulation at448 Gbps. M2 Series Pump Laser: High-Power Amplification for Next-Generation Optical Networks: Lumentum is introducing its M2 Series 980 nm Fiber Bragg Grating-Stabilized Pump Modules, designed for high-power optical amplification. Featuring a dual-chip architecture with independently controlled emitters in a compact 10-pin butterfly package, the M2 series delivers total output power ranging from 800 to 1800 mW. Announcement • Mar 27
Lumentum Holdings Inc. to Showcase its R300 Optical Circuit Switch (OCS) 300x300 Port Product Lumentum Holdings Inc. announced that its R300 optical circuit switch (OCS) 300x300 port product is currently sampling with multiple hyperscale customers and is slated for general availability in the second half of 2025. The R300 is a breakthrough solution designed to enhance the scalability, performance, and efficiency of artificial intelligence (AI) clusters and intra-data-center networks. Lumentum will showcase the new product at the 2025 Optical Fiber Communications Conference and Exhibition (OFC) at Booth #2119 in San Francisco CA, from April 1-3rd. The Lumentum OCS leverages decades of engineering expertise in developing and deploying high-performance, micro-electro-mechanical systems (MEMS) technology in demanding telecom applications. Based on over 1 trillion field mirror operating hours and a proven portfolio with hundreds of patents, the OCS is designed to provide high reliability and performance. As hyperscalers scale AI infrastructure to meet surging demand, optical switching offers a power-efficient, cost-effective, and reliable alternative to traditional Ethernet-based architectures. Lumentum estimates that adopting its OCS can reduce overall AI data center network power consumption by 65% or more in 100K-scale GPU deployments compared to InfiniBand or Ethernet solutions. Market research firm Cignal AI projects that the OCS market will surpass $1B by 2028, driven by AI and cloud network advancements. Key Benefits of the Lumentum OCS Major advantages include: Significant power savings. Reduces power consumption, compared to traditional Ethernet-based infrastructures. Ultra-low latency. Eliminates OEO conversion, reducing latency by 5X to 10X versus Ethernet switching. Ultra-wideband capability. Unlike liquid crystal-based switches, MEMS technology operates seamlessly across the O, C, or L optical bands, making it a future-proof solution for next-generation transmission technologies. Superior signal integrity. Low insertion and return loss, along with minimal polarization-dependent loss (PDL) and polarization mode dispersion (PMD), ensure exceptional optical performance. Exceptional stability. Lumentum's proprietary MEMS technology eliminates the need for closed loop control, reducing system complexity, while preventing dither noise - unwanted oscillations that can degrade signal performance. Enhanced reliability and availability. A modular design with redundant power supplies, fans and easily replaceable control electronics minimizes potential downtime. New Risk • Mar 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.6% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). 
