Lumentum Holdings Inc. (LITE) Stock Price & Analysis
Lumentum Holdings Inc. (LITE) closed at USD 756.17 on Friday, October 23, 2026, up 0.48% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 752.54; the Oct 23, 2026 session ranged USD 736.01–788.9 on volume of 3,908,414 shares. Market capitalization is $68.50B, with a 52-week range of USD 173.73–1,143 (NMS). Source: Nexqual, retrieved October 24, 2026 at 10:07 UTC.
Also available as compact Markdown for AI agents: nexqual.com/LITE.md
Key facts (LITE)
- Last four reported quarters (through Jun 27, 2026): revenue $3.01B, net income -$6.94B (-230.1% margin), free cash flow $300M (SEC filings).
- 2 of 80 tracked superinvestors hold LITE (13F, Q2 2026): 1 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (27 analysts), mean target USD 1,165.03 (range 750–1,500).
- Total return with dividends: 1Y +321.7% vs S&P 500 +13.4%; 5Y +815.7% vs S&P 500 +76.9%.
- Next earnings: 2026-11-05, EPS estimate USD 4.22, revenue estimate $1.25B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (LITE)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.71B | $1.77B | $1.36B | $1.65B | $3.01B | $3.01B |
| Gross profit | $789M | $569M | $252M | $460M | $1.26B | — |
| Operating income | $303M | -$116M | -$434M | -$180M | $525M | $525M |
| Net income | $199M | -$132M | -$547M | $25.9M | -$6.94B | -$6.94B |
| EPS (diluted) | $2.68 | -$1.93 | -$8.12 | $0.37 | -$92.96 | — |
| Free cash flow | $368M | $51.3M | -$108M | -$105M | $300M | $300M |
| Gross margin | 46.0% | 32.2% | 18.5% | 28.0% | 41.7% | — |
| Operating margin | 17.7% | -6.5% | -31.9% | -10.9% | 17.4% | 17.4% |
| Net margin | 11.6% | -7.4% | -40.2% | 1.6% | -230.1% | -230.1% |
| Revenue growth | -1.7% | +3.2% | -23.1% | +21.0% | +83.2% | — |
| Cash + short-term investments | $2.55B | $2.01B | $887M | $877M | $2.74B | — |
| Total debt | $2.41B | $2.50B | $2.50B | $2.57B | $1.64B | — |
Fiscal years end Jun. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 27, 2026) (LITE)
P/S 22.7x · EV/EBITDA 103.1x · EV/Sales 22.4x · P/FCF 228.2x · P/B 14.8x · FCF yield 0.44% · Earnings yield -10.12% · Net cash $1.10B · EV $67.4B
P/E at fiscal year-ends: Jun 2025 255.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (LITE)
2 of 80 tracked investors hold LITE. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Lee Ainslie | Maverick Capital | 0.01% | $886K | Reduced -52.5% |
| Polen Capital | Polen Capital Management | <0.01% | $209K | New position |
Analysts (LITE)
Consensus Buy (mean 2.00 on a 1–5 scale), 27 analysts; mean target USD 1,165.03 (low 750, high 1,500).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Jefferies | Target raised | Buy | $1200 → $1250 |
| 2026-10-05 | Rosenblatt | Maintained | Buy | $1300 |
| 2026-10-05 | Stifel | Target raised | Buy | $1100 → $1232 |
| 2026-09-30 | Bernstein | Initiated | Outperform | $1220 |
| 2026-09-28 | Citigroup | Target raised | Buy | $1200 → $1400 |
| 2026-09-23 | Rosenblatt | Maintained | Buy | $1300 |
| 2026-09-01 | Deutsche Bank | Initiated | Buy | $1200 |
| 2026-08-31 | Evercore ISI Group | Initiated | Outperform | $1100 |
| 2026-08-12 | Morgan Stanley | Target raised | Equal-Weight | $900 → $1000 |
| 2026-08-12 | TD Cowen | Target raised | Hold | $800 → $820 |
| 2026-08-12 | JP Morgan | Target raised | Overweight | $1165 → $1280 |
| 2026-08-12 | Mizuho | Target raised | Outperform | $1100 → $1140 |
Total return (dividends reinvested) (LITE)
| 1Y (from 2025-10-24) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +321.7% | +815.7% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +323.8% | +55.8% |
| Volatility (annualized) | 98.6% | 57.6% |
| Max drawdown | -42.8% (May 2026→Jul 2026) | -66.1% (Jan 2022→Oct 2023) |
LITE revenue by region (quarter ended Jun 27, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Asia-Pacific: | $589.5M | 58.6% | +105.3% |
| — Thailand (part of Asia-Pacific:) | $217.7M | 21.6% | +154.6% |
| — Hong Kong (part of Asia-Pacific:) | $171.5M | 17.0% | +51.9% |
| — China (part of Asia-Pacific:) | $110.7M | 11.0% | +252.5% |
| — Other Asia-Pacific (part of Asia-Pacific:) | $59.0M | 5.9% | +68.1% |
| — Japan (part of Asia-Pacific:) | $30.6M | 3.0% | +37.8% |
| Americas: | $368.7M | 36.6% | +156.4% |
| — United States (part of Americas:) | $203.6M | 20.2% | +106.1% |
| — Mexico (part of Americas:) | $164.1M | 16.3% | +327.3% |
| — Other Americas (part of Americas:) | $1.0M | 0.1% | -84.8% |
| EMEA | $48.1M | 4.8% | -3.4% |
| Total revenue | $1.01B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
LITE suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Huawei | “As a result, we stopped all of our product shipments to Huawei, historically our largest networking customer in China, in the beginning of calendar year 2024.” |
Quoted from the company's 10-K filed Aug 17, 2026.
Companies that name LITE in their SEC reports
| Relationship to LITE | Company | Filing | Sentence |
|---|---|---|---|
| competitor | APPLIED OPTOELECTRONICS, INC. (AAOI) | 10-K Feb 26, 2026 | “Our major competitors in one or more of our markets include Coherent Corporation, Eoptolink Technology Inc., Ltd., Foxconn Interconnect Technology Ltd., InnoLight Technology (Suzhou) Ltd., Intel Corporation, Lumentum Holdings, Inc., Mitsubishi, Molex, LLC, Source Photonics, Inc. and Sumitomo Electric Industries, Ltd.” |
| competitor | NVIDIA CORP (NVDA) | 10-K Feb 25, 2026 | “•networking products consisting of switches, network adapters (including DPUs), and cable solutions (including optical modules) include such as AMD, Arista Networks, Broadcom, Cisco Systems, Inc., Hewlett Packard Enterprise Company, Huawei, Intel, Lumentum Holdings Inc., and Marvell Technology, Inc, as well as internal teams of system vendors and large cloud services companies.” |
| competitor | MKS INC (MKSI) | 10-K Feb 24, 2026 | “In PSD, Trumpf Group, Lumentum Holdings Inc., IPG Photonics Corporation, EdgeWave GmbH and Amplitude Laser Group offer products that compete with our laser products.” |
| competitor | IPG PHOTONICS CORP (IPGP) | 10-K Feb 23, 2026 | “In the materials processing market, we compete with makers of fiber lasers and other lasers, such as Coherent, Inc., JPT Opto-Electronics Co. Ltd., Laserline GmbH, Lumentum Holdings Inc., Maxphotonics Co., Ltd., MKS Instruments, Inc., nLight, Inc., Trumpf GmbH + Co. KG and Wuhan Raycus Fiber Laser Technologies Co. Ltd., as well as other smaller competitors.” |
LITE customer concentration
In the period ended Jun 27, 2026, 2 direct customers each accounted for at least 10% (26.6%, 15%) of revenue, per the company's 10-K filed Aug 17, 2026. The company does not name them.
LITE analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $4.22 | $3.63 | +16.1% | $1.25B | 22 |
| Next quarter (ends Dec 2026) | $5.06 | $4.38 | +15.5% | $1.48B | 22 |
| Current fiscal year (ends Jun 2027) | $21.79 | $18.35 | +18.7% | $6.38B | 26 |
| Next fiscal year (ends Jun 2028) | $35.92 | $28.81 | +24.7% | $10.03B | 21 |
Key Statistics (as of October 24, 2026 at 10:07 UTC)
| Price | USD 756.17 |
|---|---|
| Change | ▲ 0.48% (up) |
| Previous Close | USD 752.54 |
| Open | USD 758.55 |
| Day Range | USD 736.01 – 788.9 |
| 52-Week Range | USD 173.73 – 1,143 |
| Volume | 3,908,414 shares |
| Market Cap | $68.50B |
| Exchange | NMS |
Technical Analysis (LITE)
Nexqual's technical model rates LITE "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 24, 2026 at 10:07 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 32.4 (neutral) |
| vs SMA50 | Below (USD 925.24) |
| MACD | -42.79 (negative) |
Analyst Ratings (LITE)
Wall Street analysts rate LITE "Buy" based on 27 analysts, with a mean price target of USD 1,165.03 (range USD 750–1,500), per Nexqual as of October 24, 2026 at 10:07 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 27 |
| Mean Target | USD 1,165.03 |
| High Target | USD 1,500 |
| Low Target | USD 750 |
| Buy / Hold / Sell | 22 / 5 / 0 |
Earnings (LITE)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 4.22 |
| Revenue Estimate | $1.25B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 3.23 vs est 2.97 ▲ beat |
| 2026-03-31 | USD 2.37 vs est 2.27 ▲ beat |
| 2025-12-31 | USD 1.67 vs est 1.41 ▲ beat |
| 2025-09-30 | USD 1.1 vs est 1.03 ▲ beat |
Source: Nexqual, October 24, 2026 at 10:07 UTC.
Financials & Fundamentals (LITE)
| Total Revenue | $3.01B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +109.30% |
| Gross Margin | +44.24% |
| Operating Margin | +27.95% |
| Profit Margin | -230.10% |
| ROE | -240.03% |
| Debt / Equity | 0.36 |
| Current Ratio | 1.68 |
| Total Cash | $2.74B |
| Total Debt | $1.67B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $300.10M (10.0% of revenue) |
Source: Nexqual, October 24, 2026 at 10:07 UTC.
Financial Health Score (LITE)
Nexqual rates Lumentum Holdings Inc.'s overall financial health "Solid" across five dimensions, as of October 24, 2026 at 10:07 UTC.
| Growth | Strong — Revenue +83% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 44%, operating 28% (last 12 months) |
| Balance Sheet | Solid — $2.74B cash and investments vs $1.64B debt (Jun 2026, SEC), net cash |
| Cash Flow | Solid — FCF $300M (last 4 quarters to Jun 2026, SEC), 10% margin |
| Efficiency | Critical — ROE -240%, ROA 5.8% |
Ownership (LITE)
| Insider Ownership | +0.31% |
|---|---|
| Institutional Ownership | +94.22% |
| Shares Outstanding | 90.58M |
| Float | 89.07M |
| Short % of Float | +8.24% |
Source: Nexqual, October 24, 2026 at 10:07 UTC.
Leadership (LITE)
Lumentum Holdings Inc. is led by Michael E. Hurlston, President, CEO & Director, per Nexqual as of October 24, 2026 at 10:07 UTC.
| President, CEO & Director | Michael E. Hurlston |
|---|---|
| Executive VP & CFO | Wajid Ali B.A., C.M.A., M.A. |
| President of Global Business Units | Wupen Yuen |
| Vice President of Investor Relations | Kathryn Ta |
| Executive VP, Chief Strategy Officer & Chief Marketing Officer | Rafik Ward |
Major Backers & Investors (LITE)
Notable institutional backers of Lumentum Holdings Inc. include JPMorgan, FMR, LLC, Invesco, according to Nexqual as of October 24, 2026 at 10:07 UTC.
Active Investors
| Investor | Stake |
|---|---|
| JPMorgan | 4.48% |
| FMR, LLC | 3.89% |
| Invesco | 3.51% |
| Jupiter Topco LLC | 2.09% |
| Arrowstreet Capital, Limited Partnership | 1.51% |
| Fidelity | 1.11% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 10.13% |
| Vanguard Group | 10.13% |
| State Street | 3.81% |
| Geode Capital | 2.48% |
Source: Nexqual, October 24, 2026 at 10:07 UTC.
From Lumentum Holdings Inc.'s Latest SEC 10-K Filing (filed 2026-08-17)
Key Strengths & Strategy (as disclosed to the SEC)
- Lumentum Holdings Inc. ("we," "us," "our", "Lumentum" or the "Company") is a global leader in optical and photonic technologies and an industry-leading provider of optical and photonic products based on revenue and market share.
- We have a global footprint that enables us to address global market opportunities for our products with employees engaged in research and development ("R&D"), administration, manufacturing, support and sales and marketing activities in various locations worldwide.
- We devote substantial resources to research and development ("R&D") for the development of new and enhanced products to serve our current markets and attractive new markets for our technology.
- We are maintaining our capability to provide leading products throughout the network, while focusing on several important sub-segments.
Partnerships
- In optical networking, we focus on technology leadership through innovation in close partnership with our customers, cost leadership and functional and vertical integration.
Legal & Regulatory Risks (Item 1A, quoted)
- Our sales may decline if we are unable to obtain government authorization to export certain of our products, and we may be subject to legal and regulatory consequences if we do not comply with applicable export control laws and regulations.
- The requirement to obtain a license could put us at a competitive disadvantage by restricting our ability to sell products to customers in certain countries or by giving rise to delays or expenses related to obtaining a license.
- Our association with customers that are or become subject to U.S. regulatory scrutiny or export restrictions could negatively impact our business.
- Our reputation and/or business could be negatively impacted by ESG matters and/or our reporting of such matters.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| HPE | Hewlett Packard Enterprise Comp | USD 56.69 | ▲ 2.2% |
| MSI | Motorola Solutions, Inc. | USD 481.83 | ▲ 0.84% |
| CIEN | Ciena Corporation | USD 320.26 | ▼ 0.74% |
| NOK | Nokia Corporation Sponsored | USD 8.14 | ▲ 3.3% |
| UI | Ubiquiti Inc. | USD 587.42 | ▼ 1.38% |
| ERIC | Ericsson | USD 10.66 | ▲ 2.7% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 24, 2026 at 10:07 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt