LITENASDAQ— Lumentum Holdings Inc Price & Analysis

Lumentum Holdings Inc

TECHNOLOGY — COMMUNICATION EQUIPMENT

$881.26

+$33.89+4.00%

Market Cap: $78.09B; Large Cap
P/E Ratio: N/A; Fwd: 39.84
EPS (TTM): $-93.15
Div. Yield: N/A

Technical Summary

RSI (14)51.78Neutral

SMA (50)$816.39Bullish

SMA (200)$685.22Bullish

MACD16.2963Bearish

Bollinger$796.82 – $970.96Mid

Stochastic40.44Neutral

Theo Outlook

Lumentum Holdings Inc. presents a bearish near-term thesis despite robust revenue momentum, with a $79.05B market cap, negative EPS of -$92.97, forward P/E of 38.76, and TTM revenue of $3.01B showing 109.3% YoY quarterly growth. The company operates at a -2.3% profit margin with negative operating leverage, reflecting significant losses that outweigh top-line expansion in the optical and photonic sector. Key catalysts include strong quarterly revenue growth of 109.3% and earnings growth of 71.1% YoY, driven by demand for communication equipment in data centers and 5G infrastructure, alongside analyst ratings favoring buys (17 buy ratings vs. 4 holds) and a target price around $114.84. Expansion in Asia-Pacific and Americas markets, plus new photonic product launches, support earnings momentum into 2026. Risks center on high beta of 1.54 exposing the stock to macro headwinds like interest rate volatility and supply chain disruptions, intense competition in optical components, and regulatory scrutiny on tech exports. Mitigations include diversified geographic revenue, institutional ownership at 94.3%, and focus on high-margin innovations to stabilize margins. Analysis generated by HeyTheo AI based on SEC filings, earnings transcripts, and market data.

Analysis generated by HeyTheo AI on Sep 7, 2026.

Company Overview

Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, Asia-Pacific, Europe, the Middle East, and Africa. The company is headquartered in San Jose, California.

Fundamental Snapshot

Revenue: $3.01B
EBITDA: $800.70M
Gross Profit: $1.33B
Operating Margin: 28.0%
Profit Margin: -230.1%
ROE: -240.0%
Book Value: $52.41
Beta: 1.51
52-Wk High: $1,085.70
52-Wk Low: $144.52
Avg Volume: 3.55M
PEG Ratio: 0.63

Frequently Asked Questions

What is Lumentum Holdings' business model?

Lumentum Holdings Inc. manufactures and sells optical and photonic products globally, generating TTM revenue of $3.01B primarily from communication equipment in data centers, telecom, and industrial markets. The model focuses on high-tech components with 94.3% institutional ownership supporting growth.

What are Lumentum's main revenue sources?

Revenue comes from optical and photonic solutions across Americas, Asia-Pacific, Europe, Middle East, and Africa, with TTM revenue at $3.01B and 109.3% YoY quarterly growth. Key segments include communication equipment, contributing to $1.33B gross profit TTM.

What competitive advantages does Lumentum hold?

Lumentum benefits from specialized photonic technology, a $79.05B market cap, and strong analyst support with 17 buy ratings. Its 1.54 beta and 94.3% institutional ownership provide resilience, alongside global manufacturing scale in a high-growth sector.

What are the key risks for Lumentum stock?

Key risks include negative EPS of -$92.97, -2.3% profit margin, and macro volatility given its 1.54 beta. Competitive pressures in optics and potential regulatory export issues could impact the 38.76 forward P/E valuation.

What is Lumentum's growth outlook?

Growth outlook is positive with 109.3% YoY revenue growth and 71.1% earnings growth, supported by data center and 5G demand. Forward P/E of 38.76 and $114.84 analyst target suggest expansion potential despite current losses.