Reading the tape
NASDAQ: LITE
Lumentum Holdings Inc.
Technology · Communication Equipment
Market Cap
$64.07B
52w High
$960.00
52w Low
$49.13
P/E
253.57
Volume
7.10M
Outstanding Shares
71.40M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 1,547.33%Revenue (TTM): 52.08%FCF (TTM): 306.5%P/E: 96th pct
What changed
The stock rose 1,547.33% over the last year. Revenue grew 52.08% over the trailing twelve months. Operating margin moved from -25.27% to 1.18%. Free cash flow grew 306.5% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/E range (96th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 1.18% — continued expansion would be needed to justify the premium. Revenue growth of 52.08% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.
CEOMichael E. Hurlston
SectorTechnology
IndustryCommunication Equipment
Employees7,257
IPO dateJul 23, 2015
Valuation
Forward P/E—
EV/EBITDA80.76
Enterprise value$8.63B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth65.46%
Gross margin33.44%▲51.09%vs FY2024
Operating margin1.18%▲65.71%vs FY2024
ROE2.28%▲104.00%vs FY2024
Analyst consensus
RatingBuy
Target price$471.36▼47.47%
17
Buy
7
Hold
0
Sell
⚠ Analyst ratings tend to be lagging indicators — upgrades often follow price gains rather than precede them. Use as one signal among many.
Earnings
Last 3 reported quarters plus the next estimate. Switch into compare mode to inspect one metric year-over-year.
Next report
May 5, 2026
View
EPS
Actual vs estimate by quarter
Q3FY25
ActualEst.
$0.88
$0.81
Q4FY25
ActualEst.
$1.10
$1.03
Q1FY26
ActualEst.
$1.67
$1.41
Q2FY26
Next Est.
—
Revenue
Actual vs estimate by quarter
Q3FY25
ActualEst.
$425.2M
$470.55M
Q4FY25
ActualEst.
$533.8M
$526.47M
Q1FY26
ActualEst.
$665.5M
$652.07M
Q2FY26
Next Est.
—