Lumentum Holdings (LITE) Stock News

Lumentum Holdings resumes trading after halt.

Lumentum reported fiscal Q1 net revenue of $1.26 billion, up 25.5% sequentially, with non-GAAP EPS of $4.57. The company guided Q2 revenue to $1.575-$1.625 billion and non-GAAP EPS of $5.90-$6.20, citing strong demand in pump lasers and optical circuit switches.

Lumentum Holdings reports adjusted first-quarter earnings of $4.57 per share.

Marvell's potential acquisition of Lumentum is expected to be an all-stock deal with no significant takeover premium, according to CNBC's David Faber. The companies have largely agreed on valuation, and a deal could be announced as soon as next week.

Marvell Technology is in advanced talks to buy Lumentum Holdings, Bloomberg reports. A deal could be announced next week. Lumentum shares rose; Marvell fell. Analysts cite strategic logic but flag regulatory and customer risks.

Marvell: in advanced talks to buy Lumentum.

Jefferies increased its price target for Lumentum Holdings from $1200.00 to $1250.00.

Lumentum Holdings (LITE) fell 9.34% to $1,000.26, the worst performer in the S&P 500 and Nasdaq 100. The drop is the largest percent decrease since Sept. 14, 2026. No catalyst was given in the data report.

Lumentum, Astera Labs, and Corning announced a joint demonstration of PCIe-over-optics connectivity for AI rack-scale architectures at the 2026 OCP Global Summit. The rack-level demo combines an Astera Labs Scorpio Smart Fabric Switch with Lumentum's 1060 nm VCSEL-based optical interconnect platform and Corning multimode fiber. It will showcase multiple 32 Gb/s NRZ optical channels and an error-free PCIe-5 link, targeting reach, density, power, and thermal constraints in AI systems.

CEO Hurlston says Lumentum cannot meet 30-70% of demand through 2028, stock jumps 7.4%.

Tesla Shanghai sales rose 5% YoY in September, accelerating from August. Lumentum CEO said optical components sold out through early 2029, lifting peers. OpenAI revenue discrepancy attributed to accounting differences.

Lumentum CEO stated that the company's optical components are completely sold out through early 2029, driven by demand for faster AI data centers.

Lumentum reported Q4 revenue of $1.01B and adjusted EPS of $3.23, both above estimates. Q1 guidance for revenue and EPS also topped consensus. Management highlighted early traction in CPO lasers and ELS modules.