Lumentum (LITE) Expected to Announce Earnings on Tuesday

Lumentum (NASDAQ:LITE) will likely be releasing its Q2 2026 results after the market closes on Tuesday, February 3rd. Analysts expect the company to announce earnings of $1.40 per share and revenue of $646.7350 million for the quarter. Lumentum has set its Q2 2026 guidance at 1.300-1.500 EPS. Investors may review the information on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Tuesday, February 3, 2026 at 5:00 PM ET.

Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.07. The company had revenue of $533.80 million for the quarter, compared to analysts’ expectations of $525.10 million. Lumentum had a net margin of 6.11% and a return on equity of 4.62%. Lumentum’s revenue was up 58.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS. On average, analysts expect Lumentum to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Lumentum Stock Down 2.0%

Shares of NASDAQ:LITE opened at $332.45 on Tuesday. Lumentum has a fifty-two week low of $45.65 and a fifty-two week high of $402.79. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 2.77. The firm’s 50-day simple moving average is $340.26 and its 200-day simple moving average is $218.23. The company has a market cap of $23.57 billion, a price-to-earnings ratio of 223.12 and a beta of 1.51.

Insider Activity at Lumentum

In other news, insider Yuen Wupen sold 822 shares of Lumentum stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $258.96, for a total transaction of $212,865.12. Following the completion of the transaction, the insider owned 95,077 shares of the company’s stock, valued at $24,621,139.92. The trade was a 0.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jae Kim sold 170 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $246.00, for a total transaction of $41,820.00. Following the completion of the sale, the senior vice president owned 38,400 shares in the company, valued at $9,446,400. This represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 28,612 shares of company stock valued at $7,317,398 in the last 90 days. 0.43% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lumentum

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bayesian Capital Management LP purchased a new position in shares of Lumentum during the 2nd quarter worth approximately $1,464,000. Brevan Howard Capital Management LP grew its holdings in Lumentum by 207.4% during the 2nd quarter. Brevan Howard Capital Management LP now owns 45,433 shares of the technology company’s stock valued at $4,319,000 after buying an additional 30,653 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in Lumentum during the 2nd quarter valued at $10,759,000. HRT Financial LP purchased a new position in Lumentum during the second quarter worth $2,290,000. Finally, Meridiem Capital Partners LP acquired a new position in shares of Lumentum in the second quarter worth $18,089,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LITE. Wall Street Zen lowered Lumentum from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. B. Riley raised their price target on Lumentum from $83.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Zacks Research upgraded Lumentum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Northland Securities set a $350.00 price objective on Lumentum in a research report on Wednesday, December 3rd. Finally, Mizuho set a $455.00 target price on Lumentum in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $285.19.

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.