Lumentum said AI parts sold out: Lumentum stock sits 12.91 percent below its high

Published on 10/13/2026 at 11:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AI demand leaves 70 percent unmet through 2027. Lumentum stock costs EUR 887.25 on October 13, 2026, minus 0.40 percent versus EUR 890.80 Xetra close.

Key points in brief

Lumentum said on October 9, 2026, that optical components were sold out through early 2029.
The company said it could not meet 70 percent of demand for some products through 2027.
Lumentum stock was EUR 887.25 at Lang & Schwarz on October 13, 2026, minus 0.40 percent versus the Xetra close of EUR 890.80.
Fiscal fourth-quarter revenue reached USD 1.01 billion, up 109.30 percent year over year.

LITE, US55024U1097, Illustration mit AI erstellt.

Lumentum stock (ISIN US55024U1097) was EUR 887.25 at Lang & Schwarz on October 13, 2026 at 11:31 a.m. CEST, minus 0.40 percent versus the Xetra close of October 12, 2026 at EUR 890.80. On October 12, 2026, the Nasdaq quote of USD 995.41 stood 12.91 percent below Lumentum's USD 1,143.00 52-week high. The main operating signal came on October 9, 2026, when CEO Michael Hurlston said optical components were completely sold out through early 2029.

Capacity is sold out through 2029

As Bloomberg reported on October 9, 2026, Lumentum could not meet 70 percent of demand for some products through 2027 and expected a 30 percent shortfall for other products through 2028. Customers were already locking in orders for 2030, extending the visibility of demand beyond the company's earlier capacity horizon.

The constraint is commercially positive but operationally demanding. Investing.com reported on October 9, 2026, that new production capacity can take three to five years to build, while Lumentum targeted first revenue from its Greensboro facility in early 2028.

What does capacity mean for margins?

Lumentum's fiscal fourth-quarter revenue was USD 1.01 billion for the period ended June 27, 2026, up 109.30 percent from the prior-year quarter, according to MarketWatch. Non-GAAP operating margin reached 36.60 percent, compared with 15.00 percent in the prior-year quarter, while fiscal first-quarter 2027 guidance called for USD 1.225 billion to USD 1.275 billion of revenue and a non-GAAP operating margin of 39.50 percent to 40.50 percent.

The accounting picture needs careful separation from the operating trend. GAAP net loss was USD 7.16 billion in the fiscal fourth quarter because a one-time, non-cash loss on debt extinguishment reached USD 7.8 billion. Non-GAAP net income was USD 326.3 million, or USD 3.23 per diluted share, in the same period.

Three dates shape the AI story

On August 11, 2026, Lumentum reported fiscal fourth-quarter revenue of USD 1.01 billion and non-GAAP net income of USD 326.3 million, as documented by MarketWatch. On October 7, 2026, MarketBeat reported a 23-analyst Moderate Buy consensus and an average target of USD 1,078.75. On October 9, 2026, Bloomberg reported capacity sold out through early 2029.

Stock stays below its yearly high

The market is weighing exceptional demand against the time and capital needed to convert orders into shipments. Lumentum stock was EUR 887.25 at Lang & Schwarz on October 13, 2026 at 11:31 a.m. CEST, minus 0.40 percent versus the Xetra close of October 12, 2026 at EUR 890.80. The further course of trading is shown by the continuously updated real-time quote of Lumentum stock.