Lumentum Holdings (LU2) Stock Price & Analysis
LU2 Stock Chart & Stats
- Day’s Range
- EUR 724.00 - EUR 791.70
- 52-Week Range
- EUR 165.90 - EUR 1,008.20
- Previous Close
- EUR 839.80
- Volume
- 1,595
- Average Volume (3M)
- 2,122
- Market Cap
- EUR 67.96B
- Enterprise Value
- EUR 68.05B
- Total Cash (Recent Filing)
- EUR 2.74B
- Total Debt (Recent Filing)
- EUR 1.67B
- Price to Earnings (P/E)
- ―
- Beta
- 0.57
- Next Earnings
- Nov 05, 2026 (Est.)
- EPS Estimate
- 3.77
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Strong Revenue Growth Across Components And Systems
Broad-based growth across both components and systems indicates expanding demand rather than reliance on one product category. Continued adoption of high-speed optical platforms can support durable revenue momentum and improve operating leverage as Lumentum scales production.
Material Margin Expansion And Operating Leverage
Sharp gross and operating margin improvement shows that product mix, pricing, and execution are converting revenue growth into stronger profitability. If sustained through the guided expansion, higher margins should increase cash generation and strengthen the economics of future growth.
Deleveraged Balance Sheet And Improved Cash Generation
Substantially lower leverage gives Lumentum more financial flexibility to fund capacity, technology, and customer programs without the same debt burden. The latest strong cash generation further supports investment and resilience, although maintaining it remains important after prior weaker periods.
Bears Say
Severe GAAP Loss And Unstable Earnings Quality
Although the charge was non-cash and tied to debt conversion, its scale makes reported earnings highly volatile and complicates assessment of normalized profitability. The contrast between strong non-GAAP results and severe GAAP losses may increase uncertainty around earnings quality and shareholder returns.
Supply Constraints Are Limiting Shipment Execution
Persistent constraints in products with strong demand can prevent Lumentum from fully converting market opportunity into revenue. Continued shortages also place greater pressure on capacity expansion, sourcing, and execution, creating a durable risk to growth forecasts until supply catches up.
Potential Long-term Competitive Pressure In Indium Phosphide
New competing indium phosphide capacity could increase pricing and market-share pressure in an important photonics technology area. Even without current impact, additional entrants may challenge Lumentum’s differentiation and make future margin expansion or volume growth harder to sustain.
Lumentum Holdings News
LU2 FAQ
What was Lumentum Holdings’s price range in the past 12 months?
What is Lumentum Holdings’s market cap?
When is Lumentum Holdings’s upcoming earnings report date?
How were Lumentum Holdings’s earnings last quarter?
Is Lumentum Holdings overvalued?
Does Lumentum Holdings pay dividends?
What is Lumentum Holdings’s EPS estimate?
How many shares outstanding does Lumentum Holdings have?
What happened to Lumentum Holdings’s price movement after its last earnings report?
Which hedge fund is a major shareholder of Lumentum Holdings?
What is the TipRanks Smart Score and how is it calculated?
Lumentum Holdings Stock Smart Score
Company Description
Lumentum Holdings
Lumentum Holdings Inc., established in 2015 and headquartered in San Jose, California, is a global leader in optical and photonic product manufacturing. The company's reach extends across the Americas, Asia-Pacific, Europe, the Middle East, and Africa. Lumentum operates through two principal business units: Optical Communications (OpComms) and Commercial Lasers. The OpComms segment develops and supplies components, modules, and subsystems essential for transmitting video, audio, and data across high-capacity fiber optic networks. Its offerings encompass a wide range of products, including tunable transponders, transceivers, and transmitter modules, alongside various tunable lasers, receivers, and modulators. Furthermore, this segment provides critical transport products such as reconfigurable optical add/drop multiplexers (ROADMs), optical amplifiers, and optical channel monitors. A comprehensive suite of components is also available, featuring 980nm, multi-mode, and Raman pumps; switches; attenuators; photodetectors; gain flattening filters; isolators; wavelength-division multiplexing (WDM) filters; arrayed waveguide gratings (AWGs); multiplex/de-multiplexers; and integrated passive modules. Distinctive innovations from this segment include the Super Transport Blade, which integrates multiple optical transport functions into a single unit; vertical-cavity surface-emitting lasers (VCSELs); directly modulated and electro-absorption modulated lasers; and advanced laser illumination sources for 3D sensing systems. OpComms serves key clientele in the telecommunications, data communications, consumer, and industrial markets. Conversely, the Commercial Lasers segment produces an array of laser technologies, such as diode-pumped solid-state, fiber, diode, direct-diode, and gas lasers. These are primarily utilized in original equipment manufacturer (OEM) applications. This segment's laser solutions cater to a broad spectrum of markets and uses, including sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining.
- Sector
- Technology
- Industry
- Communication Equipment
- CEO
- Michael E. Hurlston
- Employees
- 13,757
- Website
- www.lumentum.com
- Address
- 1001 Ridder Park Drive, San Jose, CA, 95131, US
Lumentum Holdings (LU2) Earnings & Revenues
LU2 Company Deck
LU2 Earnings Call
Earnings Call SentimentPositive
The call highlighted substantial revenue acceleration, strong margin expansion, record shipments across multiple product lines, and accelerated adoption of 1.6T and new optical architectures (NPO/CPO/ELS). Management provided confident near-term guidance (Q1 midpoint $1.25B) and outlined capacity and supply actions (AXT deal, Greensboro ramp, CapEx). Key challenges were a large one-time GAAP charge from convertible note conversions (non-cash), continued supply constraints in certain products (notably ultra-high-power lasers and ongoing EML demand shortfall), and a cash decline tied to the conversion. Overall, positives (strong growth, margin leverage, product momentum, guidance beat) materially outweigh the negatives, though execution on supply ramp and capacity expansion remains critical.
View all DE:LU2 earnings summariesLU2 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 5 | 5 | 12 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 2 | 0 | 10 |