Lumentum Q3 EPS Forecast Boosted by Northland Securities

Lumentum Holdings Inc. (NASDAQ:LITE) – Research analysts at Northland Securities boosted their Q3 2026 earnings estimates for Lumentum in a research report issued to clients and investors on Wednesday, February 4th. Northland Securities analyst T. Savageaux now anticipates that the technology company will post earnings per share of $1.80 for the quarter, up from their prior forecast of $1.04. The consensus estimate for Lumentum’s current full-year earnings is $0.03 per share. Northland Securities also issued estimates for Lumentum’s Q4 2026 earnings at $1.99 EPS and FY2026 earnings at $5.50 EPS.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.26. Lumentum had a net margin of 11.95% and a return on equity of 17.27%. The company had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. During the same period in the prior year, the business earned $0.42 earnings per share. The company’s revenue for the quarter was up 65.5% compared to the same quarter last year. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS.

Other research analysts also recently issued research reports about the company. B. Riley Financial raised Lumentum from a “neutral” rating to a “buy” rating and upped their price objective for the company from $147.00 to $526.00 in a research note on Wednesday, February 4th. Wolfe Research reissued an “outperform” rating and set a $240.00 target price on shares of Lumentum in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lumentum in a research note on Monday, December 29th. Rosenblatt Securities lifted their price target on shares of Lumentum to $580.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Finally, UBS Group increased their price objective on Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Lumentum currently has an average rating of “Moderate Buy” and an average price target of $444.94.

Lumentum Price Performance

Shares of LITE opened at $577.15 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 0.06. The stock has a market cap of $41.21 billion, a PE ratio of 177.04 and a beta of 1.51. Lumentum has a 12-month low of $45.65 and a 12-month high of $599.50. The business has a 50-day simple moving average of $372.86 and a two-hundred day simple moving average of $242.80.

Insider Activity at Lumentum

In other Lumentum news, SVP Jae Kim sold 1,367 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $234.14, for a total transaction of $320,069.38. Following the sale, the senior vice president owned 38,570 shares of the company’s stock, valued at approximately $9,030,779.80. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Pamela Fletcher sold 3,421 shares of Lumentum stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $273.53, for a total value of $935,746.13. Following the completion of the transaction, the director directly owned 10,561 shares of the company’s stock, valued at approximately $2,888,750.33. This trade represents a 24.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,180 shares of company stock worth $1,847,480 over the last quarter. Company insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Lumentum

Institutional investors and hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new stake in shares of Lumentum in the 4th quarter valued at $28,000. Harbour Investments Inc. grew its holdings in Lumentum by 675.0% in the fourth quarter. Harbour Investments Inc. now owns 93 shares of the technology company’s stock worth $34,000 after purchasing an additional 81 shares during the period. Chesapeake Asset Management LLC bought a new stake in Lumentum in the fourth quarter valued at $37,000. BOCHK Asset Management Ltd bought a new stake in Lumentum in the fourth quarter valued at $37,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Lumentum during the 4th quarter worth about $55,000. 94.05% of the stock is currently owned by institutional investors.

Lumentum Company Profile

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.