Lumentum (NASDAQ:LITE) Releases Q2 2027 Earnings Guidance

Lumentum (NASDAQ:LITE) issued an update on its second quarter 2027 earnings guidance on Tuesday. The company provided earnings per share guidance of 5.900-6.200 for the period, compared to the consensus estimate of 4.980. The company issued revenue guidance of $1.6 billion, compared to the consensus revenue estimate of $1.5 billion.

Lumentum Stock Performance

Shares of Lumentum stock opened at $684.40 on Tuesday. The company’s 50 day moving average price is $919.26 and its two-hundred day moving average price is $796.61. The firm has a market capitalization of $61.99 billion, a P/E ratio of -8.33 and a beta of 1.53. Lumentum has a fifty-two week low of $184.20 and a fifty-two week high of $1,143.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings results on Monday, November 2nd. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.22 by $0.35. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the business earned $1.10 earnings per share. The company’s revenue for the quarter was up 136.5% compared to the same quarter last year. On average, equities analysts forecast that Lumentum will post 19.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Zacks Research cut Lumentum from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. UBS Group set a $820.00 target price on Lumentum in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft initiated coverage on Lumentum in a research note on Monday, August 31st. They set a “buy” rating and a $1,200.00 price target on the stock. Bank of America reduced their price target on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a report on Wednesday, August 12th. Finally, Mizuho set a $1,132.00 price objective on Lumentum in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,052.17.

Insider Transactions at Lumentum

In other news, insider Yuen Wupen sold 307 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $945.00, for a total transaction of $290,115.00. Following the completion of the transaction, the insider directly owned 108,320 shares in the company, valued at $102,362,400. This trade represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 24,542 shares of Lumentum stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the completion of the transaction, the chief financial officer directly owned 75,074 shares in the company, valued at approximately $78,715,089. This represents a 24.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 94,496 shares of company stock worth $85,978,498 in the last quarter. Corporate insiders own 0.28% of the company’s stock.

Lumentum News Roundup

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: Lumentum reported fiscal first-quarter adjusted earnings of $4.57 per share, exceeding the $4.22 consensus estimate, while revenue of $1.26 billion was in line with expectations and rose 136.5% year over year. Lumentum Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: The company guided to fiscal second-quarter earnings of $5.90–$6.20 per share and revenue of approximately $1.6 billion, above analyst expectations of $4.98 per share and $1.5 billion, signaling continued strength in AI-related optical demand.
• Positive Sentiment: Rosenblatt Securities maintained a “buy” rating and set a $900 price target, suggesting substantial potential upside from recent trading levels.
• Neutral Sentiment: Marvell agreed to acquire Lumentum in an all-stock transaction offering 4.5 Marvell shares for each Lumentum share. The combination is intended to create a major AI-connectivity platform by joining Marvell’s custom silicon with Lumentum’s optical components. Marvell and Lumentum to Combine
• Negative Sentiment: Investors have reacted negatively to the transaction because it is entirely stock-funded, raising concerns about dilution, the deal’s large valuation, integration risk and limited near-term upside. Falling Marvell shares also reduce the effective value of Lumentum’s consideration. MRVL and LITE Downgraded
• Negative Sentiment: B. Riley Financial downgraded Lumentum from “buy” to “neutral,” with a $770 price target. Investor-rights law firms are also reviewing whether the proposed consideration fairly values Lumentum shareholders, adding uncertainty around deal approval and terms. LITE Shareholder Investigation

About Lumentum

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.