Lumentum stock gains 1.98 percent before its next results

Published on 10/06/2026 at 18:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lumentum stock trades at USD 1,113.24 on October 6, 2026, up 1.98 percent and 0.99 percent below its 52-week high. Q4 revenue rose 109.3 percent to USD 1.0063 billion.

LITE, US55024U1097, Illustration mit AI erstellt.

Lumentum Holdings Inc. (ISIN US55024U1097) was trading at USD 1,113.24 on Nasdaq at 11:59 a.m. ET on October 6, 2026, up 1.98 percent from the prior close. The immediate calendar catalyst is the fiscal first quarter 2027 report, which Business Wire said on October 5, 2026, will arrive after the market closes on November 5, 2026.

Revenue more than doubles

The latest reported quarter was fiscal Q4 2026, ended June 27, 2026. In its results release dated August 11, 2026, Lumentum reported revenue of USD 1.0063 billion, up 109.3 percent year over year and 24.5 percent from fiscal Q3 revenue of USD 808.4 million.

The operating picture was stronger than the GAAP headline. Non-GAAP gross margin reached 50.4 percent and non-GAAP operating margin 36.6 percent in fiscal Q4 2026, while non-GAAP diluted EPS was USD 3.23, compared with USD 0.88 in the year-ago quarter.

Guidance sets the next hurdle

Lumentum guided fiscal Q1 2027 revenue to USD 1.225 billion to USD 1.275 billion, non-GAAP operating margin to 39.5 percent to 40.5 percent, and non-GAAP diluted EPS to USD 4.05 to USD 4.35. The midpoint of the revenue range is USD 1.25 billion, which is 24.2 percent above fiscal Q4 revenue of USD 1.0063 billion.

That forecast makes the November release a direct test of execution in AI-related optical products, including cloud modules, optical circuit switches and high-power lasers. The company also reported a fiscal Q4 GAAP net loss of USD 7.2 billion, largely tied to a one-time, non-cash debt-extinguishment charge of USD 7.8 billion, so adjusted measures remain central to the operating comparison.

Analysts remain broadly positive

According to MarketBeat on October 5, 2026, 23 analysts covered Lumentum with a Moderate Buy consensus and an average price target of USD 1,078.75. The breakdown included 1 Strong Buy, 16 Buy, 5 Hold and 1 Sell rating, putting the average target below the October 6 trading level.

The same October 5 report said Stifel Nicolaus raised its target from USD 1,100 to USD 1,232 while maintaining a Buy rating. Rosenblatt Securities retained a Buy rating and a USD 1,300 target, keeping analyst attention centered on whether the company can convert AI demand into the guided margin expansion.

Stock stays below its yearly high

Lumentum stock was trading 0.99 percent below its 52-week high of USD 1,124.40 on October 6, 2026. The 52-week low was USD 147.81, while market capitalization stood at USD 86.6 billion and session volume was 2,025,583 shares.