Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, Asia-Pacific, Europe, the Middle East, and Africa. The company is headquartered in San Jose, California.
| Revenue (TTM) | $2.49B |
| Gross Profit (TTM) | $1.02B |
| EBITDA | $508.80M |
| Operating Margin | 21.80% |
| Return on Equity | 22.80% |
| Return on Assets | 2.89% |
| Revenue/Share (TTM) | $35.22 |
| Book Value | $41.47 |
| Price-to-Book | 19.96 |
| Price-to-Sales (TTM) | 22.26 |
| EV/Revenue | 23.91 |
| EV/EBITDA | 107.75 |
| Quarterly Earnings Growth (YoY) | 71.10% |
| Quarterly Revenue Growth (YoY) | 90.10% |
| Shares Outstanding | $77.80M |
| Float | $71.17M |
| % Insiders | 0.76% |
| % Institutions | 105.81% |
Volatility is currently expanding
Shares of Coherent (NYSE:COHR | COHR Price Prediction) are down 11% to $241.62 midday Tuesday, with Applied Optoelectronics (NASDAQ:AAOI) stock falling 10% to $87.89 and Lumentum (NASDAQ:LITE) stock off 9% to $644.56.
With AI capex dominating market sentiment, tech leaders are tempting the bulls. Speaking at the RAISE Summit, Lumentum CEO Michael Hurlston warned that the next AI infrastructure bottleneck is indium phosphide (InP), a niche semiconductor material.
Broker rating upgrades and robust earnings growth forecasts put PENN, CC and LITE in the spotlight as three stocks to buy now.
Alphabet's latest earnings report has renewed optimism for companies like Lumentum supplying optical networking and data center components, even as investors scrutinize the rising cost of artificial intelligence infrastructure. While some investors focused on Alphabet's higher capital expenditure plans, Stifel analysts said the company's results reinforced expectations that AI infrastructure spending remains robust.
Lumentum has proven its AI beneficiary status, thanks to the hyperscalers' growing demand for high-speed interconnections at a time of multi-year data center boom. These underscore the ongoing capacity expansions, the improved pricing power, and the accelerating FQ4'26 growth guidance against historical trends. The stock trades at an expensive P/E of 93x, albeit with the rich adj EPS growth prospect at a 3Y CAGR of +140.9% justifying the premium relative to peers.
The AI-optics theme is as durable as any in the market.
Lumentum (LITE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
All of a sudden, photonics seems to be one of the hottest fields among tech enthusiasts. Optical and photonics technology is massively important for AI applications that must field tremendous data throughput that exceeds the limits of traditional wiring.
A Barclays analyst now recommends Lumentum's stock after a period of substantial underperformance relative to the broader chip sector.
Barclays upgrades Lumentum stock to Overweight on Monday following a months-long selloff.
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