Inside the research
Lumentum Holdings Inc.
LITE Research profile · latest available data
Price overview
$941.65
▲ +12.61 (+1.4%)
| 52w hi | $1,053.09 |
|---|---|
| 52w lo | $149.61 |
| Vol | 3.85M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.12
| Short | -0.03 |
|---|---|
| Medium | +0.37 |
| Long | -0.05 |
computed 2026-09-27
Key fundamentals
Lumentum Holdings Inc.
Technology · Communication Equipment
| Market cap | $84.47B |
|---|---|
| Enterprise value | $83.40B |
| Forward P/E | 27.28x |
| EV / EBITDA | 104.16x |
| P / S (ttm) | 28.02x |
| Profit margin | -230.1% |
| Return on equity | -240.0% |
| Revenue growth | +109.3% |
| Debt / equity | 35.99 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | -0.02 | |
| Sector | +0.19 | |
| Technical | +0.03 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. It offers component products, including semiconductor laser chips, laser sub-assemblies, line subsystems, and wavelength management systems. The company also offers system products, such as optical modules, optical circuit switches, and industrial lasers, including short-pulse solid-state lasers and kilowatt-class fiber lasers. Its products and solutions are used in cloud, artificial intelligence and machine learning (AI/ML), telecommunications, consumer, and industrial end-market applications. The company was incorporated in 2015 and is headquartered in San Jose, California.
Risk Metrics
| Beta vs SPX | 2.50 |
|---|---|
| Corr SPX | 0.48 |
| Annual vol | 83.2% |
| Annual ret | +171.4% |
| Sharpe | 2.06 |
| Max DD | -50.6% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $1,081.10 |
|---|---|
| High / Low | $1,400.00 / $600.00 |
| Median | $1,100.00 |
| Analysts | 24 |
| Strong Buy | 4 | |
|---|---|---|
| Buy | 15 | |
| Hold | 5 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-07 | Barclays | → Equal-Weight |
| 2026-05-06 | UBS | → Neutral |
| 2026-05-06 | TD Cowen | → Hold |
| 2026-05-06 | Rosenblatt | → Buy |
| 2026-05-06 | Morgan Stanley | → Equal-Weight |
| 2026-05-06 | JP Morgan | → Overweight |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-11 | Earnings Release, Exhibits | read |
| 2026-07-30 | Officer / Director Change | read |
| 2026-06-01 | Securities Issuance | read |
| 2026-05-05 | Earnings Release, Exhibits | read |
| 2026-04-08 | Securities Issuance | read |
| 2026-03-02 | Securities Issuance, Bylaws Amendment… | read |
| 2026-02-03 | Earnings Release, Exhibits | read |
| 2026-01-05 | Officer / Director Change | read |
| 2025-12-22 | Material Agreement, Material Obligation… | read |
| 2025-12-15 | Officer / Director Change, Exhibits | read |
| 2025-11-24 | Officer / Director Change, Shareholder Vote… | read |
| 2025-11-04 | Earnings Release, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-15 | Thad Trent | Director | Grant | 108 | — |
| 2026-07-15 | Small Ian | Director | Grant | 108 | — |
| 2026-07-15 | Lillie Brian | Director | Grant | 108 | — |
| 2026-07-15 | Johnson Julia Suzanne | Director | Grant | 108 | — |
| 2026-07-15 | HERSCHER PENNY | Director | Grant | 108 | — |
| 2026-07-15 | Fletcher Pamela | Director | Grant | 108 | — |
| 2026-06-02 | Harris Isaac Hosojiro | Director | Sell | 1.42K | $1.42M |
| 2026-05-29 | Harris Isaac Hosojiro | Director | Grant | 258 | — |
| 2026-05-29 | Harris Isaac Hosojiro | Director | Withheld for tax | 125 | $106.87K |
| 2026-05-29 | Harris Isaac Hosojiro | Director | Sell | 4.00K | $3.44M |
Flow & Concentration
| Insider 180d net | -$9.16M |
|---|---|
| Insider buys / sells | 0 / 3 |
| Insider bias | Sellers |
| 13F holders | 9 |
| Top-5 share | 97.9% |
| HHI | 2,915 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Fidelity / FMR LLC | $3.02B | 3.52M |
| State Street Corp | $2.96B | 3.45M |
| Citadel Advisors | $2.10B | 2.45M |
| AQR Capital Management | $343.52M | 400.74K |
| Renaissance Technologies | $171.30M | 199.64K |
| Millennium Management | $166.27M | 193.78K |
| Bridgewater Associates | $15.98M | 18.63K |
| T. Rowe Price Group | $806.72K | 940.17K |
| Capital Research / Capital World | $17.20K | 2.00K |
As of 2026-06-30
Federal Contracts
| Amount | Agency | Description |
|---|---|---|
| $30.74K | National Aeronautics and Space Administration | 1-HIGH-BANDWIDTH COHERENT DRIVER MODULATOR, 1-HB-CDM EVALUATION BOARD KIT, 1-INT |
SEC Filings
The Long Run
FY 2015–2025 · 11 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $1.77B | +13.3% | |
| Gross profit | $569.00M | +24.1% | |
| Operating income | -$180.10M | +86.3% | |
| Net income | $25.90M | +74.4% | |
| Cash from ops | $126.30M | +8.7% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $936.03 | $962.88 | $913.29 | $941.65 | 3.85M |
| Sep 24 | $923.83 | $954.45 | $912.00 | $929.04 | 3.67M |
| Sep 23 | $946.56 | $960.00 | $924.55 | $937.00 | 3.27M |
| Sep 22 | $937.17 | $1,002.00 | $934.38 | $945.67 | 4.33M |
| Sep 21 | $959.27 | $983.45 | $946.00 | $954.49 | 4.71M |
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