Analysts Issue Forecasts for Lumentum FY2027 Earnings

Lumentum Holdings Inc. (NASDAQ:LITE) – Research analysts at Northland Securities issued their FY2027 earnings per share estimates for shares of Lumentum in a research report issued on Wednesday, February 4th. Northland Securities analyst T. Savageaux expects that the technology company will earn $10.69 per share for the year. The consensus estimate for Lumentum’s current full-year earnings is $0.03 per share.

Other research analysts also recently issued research reports about the company. UBS Group increased their price target on Lumentum from $215.00 to $455.00 and gave the company a “neutral” rating in a research note on Wednesday. Citigroup upped their price target on Lumentum to $560.00 and gave the company a “buy” rating in a research note on Thursday. Mizuho lifted their price objective on shares of Lumentum to $525.00 and gave the stock an “outperform” rating in a research note on Wednesday. Morgan Stanley boosted their price target on shares of Lumentum to $350.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Finally, Susquehanna boosted their target price on Lumentum to $550.00 and gave the company a “positive” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $444.94.

Lumentum Trading Up 9.4%

LITE opened at $551.99 on Friday. The firm has a 50 day simple moving average of $367.68 and a 200 day simple moving average of $237.54. Lumentum has a fifty-two week low of $45.65 and a fifty-two week high of $558.38. The company has a market cap of $39.41 billion, a price-to-earnings ratio of 169.32 and a beta of 1.51. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.61 and a quick ratio of 1.02.

Lumentum (NASDAQ:LITE) last released its earnings results on Tuesday, February 3rd. The technology company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.26. Lumentum had a return on equity of 17.27% and a net margin of 11.95%.The company had revenue of $665.50 million during the quarter, compared to the consensus estimate of $646.74 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The firm’s quarterly revenue was up 65.5% on a year-over-year basis. Lumentum has set its Q3 2026 guidance at 2.150-2.350 EPS.

Institutional Investors Weigh In On Lumentum

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership grew its stake in shares of Lumentum by 8,579.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,563,210 shares of the technology company’s stock valued at $254,350,000 after buying an additional 1,545,199 shares in the last quarter. Hood River Capital Management LLC increased its position in Lumentum by 82.1% during the second quarter. Hood River Capital Management LLC now owns 2,206,453 shares of the technology company’s stock worth $209,745,000 after buying an additional 994,551 shares during the last quarter. Norges Bank acquired a new position in Lumentum during the second quarter worth approximately $82,983,000. Assenagon Asset Management S.A. raised its stake in Lumentum by 707.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 994,478 shares of the technology company’s stock valued at $366,555,000 after buying an additional 871,249 shares during the period. Finally, Holocene Advisors LP bought a new stake in Lumentum in the 3rd quarter valued at $136,401,000. Institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling at Lumentum

In other news, Director Julia Suzanne Johnson sold 10,000 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $270.39, for a total value of $2,703,900.00. Following the sale, the director owned 12,037 shares of the company’s stock, valued at $3,254,684.43. The trade was a 45.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Yuen Wupen sold 822 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $258.96, for a total transaction of $212,865.12. Following the completion of the transaction, the insider directly owned 95,077 shares of the company’s stock, valued at approximately $24,621,139.92. This trade represents a 0.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,180 shares of company stock valued at $4,551,380 over the last ninety days. 0.43% of the stock is currently owned by company insiders.

Key Headlines Impacting Lumentum

Here are the key news stories impacting Lumentum this week:

• Positive Sentiment: JPMorgan raised its price target to $565 and kept an “overweight” rating, signaling confidence in additional upside from Lumentum. JPMorgan raises PT to $565
• Positive Sentiment: Citigroup raised its price target to $560 and maintained a “buy” rating, supporting the bullish analyst momentum. Citigroup raises PT to $560
• Positive Sentiment: Northland published a much higher FY2027 EPS projection ($10.69 vs. street consensus near $0.03), reflecting expectations for sustained margin expansion and accelerated revenue — a strong forward signal for investors. Northland FY2027 EPS estimate
• Positive Sentiment: Company results: Q2 FY2026 reported EPS of $1.67 (vs. $1.41 consensus) and revenue $665.5M (vs. $646.7M); management set Q3 EPS guidance of $2.15–$2.35 — these beats and the guide raise are the core fundamental reason the stock is rising. Earnings call transcript
• Positive Sentiment: Sector/market tailwind: coverage highlighting hyperscaler capex “explosion” points to strong demand for Lumentum’s optical components, bolstering revenue growth expectations. Capex tailwind article
• Neutral Sentiment: Press pieces noting Lumentum hit new all-time highs and extended a multi-day winning streak after earnings — confirms market momentum but is descriptive rather than new catalyst. All-time high coverage
• Neutral Sentiment: Fund/strategy commentary (e.g., Fidelity growth strategy mentions) highlights Lumentum as a high-growth name, supporting institutional interest but not an immediate catalyst. Fund commentary
• Negative Sentiment: B. Riley upgraded Lumentum to “buy” but set a $526 price target (below the stock’s current level), implying limited near-term upside from that shop’s perspective and introducing a potential anchor on further gains. B. Riley upgrade and PT $526

About Lumentum

Lumentum Holdings Inc, headquartered in San Jose, California, is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company designs and manufactures a broad range of lasers, optical modules and subsystems tailored to the evolving requirements of telecommunications carriers, cloud data centers and enterprise networking.

Its core product portfolio includes tunable and fixed-wavelength laser transmitters, coherent optical engines, transceivers for long-haul, metro and data center interconnects, as well as test and measurement instruments.