Lumentum Holdings stock falls 5.89 percent after AI run

Published on 09/28/2026 at 19:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lumentum Holdings stock posted fiscal Q4 2026 revenue of USD 1.006 billion, up 109.3 percent year over year. Rosenblatt kept a Buy rating and USD 1,300.00 target on September 23.

LITE, US5356781063, Illustration mit AI erstellt.

Lumentum Holdings stock was trading at USD 886.16 on Nasdaq on September 28, 2026 at 1:06 p.m. ET, down 5.89 percent from the prior close of USD 941.65. The move follows a powerful AI optics run, with LITE up 155 percent year to date and 473 percent over the previous 52 weeks, according to Yahoo Finance on September 23, 2026.

Revenue more than doubles

Lumentum reported fiscal Q4 2026 revenue of USD 1.006 billion, up 109.3 percent from the same quarter a year earlier. Yahoo Finance said adjusted EPS reached USD 3.23, ahead of the USD 2.99 consensus, while adjusted operating margin reached 36.6 percent.

Management guided fiscal Q1 2027 revenue to USD 1.225 billion to USD 1.275 billion and adjusted EPS to USD 4.05 to USD 4.35, according to the same September 23 report. The comparison shows why expectations are elevated: the midpoint of the revenue guide is USD 1.250 billion, 24.2 percent above fiscal Q4 revenue.

Analyst targets stay high

Rosenblatt Securities maintained a Buy rating and a USD 1,300.00 price target in a report released on September 23, 2026, as reported by MarketBeat. The target is 46.70 percent above the September 28 trading price.

The broader consensus was Moderate Buy with an average target of USD 1,053.83, while targets ranged from USD 820.00 to USD 1,300.00, according to MarketBeat on September 25, 2026. That spread puts execution and valuation at the center of the stock story.

AI technology meets valuation

Lumentum's September 21 demonstration with Qualcomm Technologies and Corning combined its VCSEL lasers with high-density optical connections for AI systems, Yahoo Finance reported. The companies described a system capable of moving 1 terabit per second for each millimeter of chip edge, but the event was a technology demonstration rather than a supply contract.

September 28 trading snapshot

Lumentum Holdings stock was trading at USD 886.16 on Nasdaq on September 28, 2026 at 1:06 p.m. ET, with volume of 2,761,540 shares. Its 52-week range was USD 147.81 to USD 1,085.68, and its market capitalization was USD 68.9 billion.