LITE

Lumentum remains roughly 30% behind EML demand, while ultra-high-power laser demand is accelerating faster than new manufacturing capacity. OCS shipments doubled sequentially, with quarterly revenue moving above $100 million, and management targeting more than $400 million in H2. Pump laser shipments increased over 80% YoY, while management expects roughly fourfold growth supported by multi-year customer agreements.

Optics stocks are getting hit hard at midday Tuesday as a risk-off wave washes through AI hardware names.

LITE's 11.4X P/S signals a premium valuation, but AI-driven optics growth, rising margins and stronger FY27 estimates may support the case.

The optics complex is ripping higher in Monday's session. AXT (NASDAQ:AXTI) is up 13.71% intraday, with Coherent (NYSE:COHR | COHR Price Prediction) climbing 8.12%, Lumentum (NASDAQ:LITE) adding 6.79%.

The following recap comes from a segment of The AI Investor Podcast, hosted by 247 Wall St.

Optics stocks are climbing through Friday's midday session, and the character of the move matters.

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum") today announced that company management is currently scheduled participate in the following investor events: Event:   Rosenblatt's 6th Annual Technology Summit: The Age of AI (Virtual) Date:   Monday, August 17, 2026 Meeting Availability:   10:15 a.m. – 5:00 p.m. Eastern Time Presentation Time:   3:00 p.m. Eastern Time Event:   6th Nasdaq Investor Conference in Asia (Virtual) Date:   Tuesday, August 18, 2026 Presentation Tim.

Shares of Lumentum (NASDAQ:LITE | LITE Price Prediction) are trading at $936.95 in Thursday's session, hovering near flat after opening at $925.02.

Lumentum Holdings Inc. guided the September quarter to a $4.20 EPS midpoint, and I had to read it twice. That's 2.04x what the company earned across all of fiscal 2025. Hold the September revenue guide flat for four quarters and credit zero growth ever again. Fiscal 2027 still comes to $5.0 billion, up 66% on the year just closed. The growth is coming from chips (not finished boxes). Components added $329.0 million of the $525.6 million that the June quarter gained YOY, against Systems' $196.6 million.

AI clusters have a wiring problem. Copper cables cannot move enough data between GPU racks, so the industry is switching to light.