Trading around $700, the stock now has a $1,040 price target from BNP Paribas analyst Karl Ackerman, implying roughly 47% upside. And the call isn't based on hype—it's based on where AI infrastructure demand is actually going.The AI Trade Is Moving Beyond GPUsLumentum sits in a less crowded—but increasingly critical—part of the stack: optical components.As AI models scale, data centers aren't just adding more GPUs—they're upgrading how those GPUs communicate. Ackerman sees that driving demand for:800G and 1 ...

J P M O R G A N North America Equity Research 18 March 2026 Hardware & Networking OFC Insights: CIEN, CSCO, COHR, FN, & LITE Meeting Takeaways The second day of the Optical Fiber Communication (OFC) Conference had us attending presentations and discussion sessions with Ciena, Cisco, Coherent, Fabrinet, and Lumentum, all of which served to highlight a combination of new growth opportunities being actively pursued across the group as well as continued robust growth in existing product lines, setting the secto ...

据法国巴黎银行股票研究部称， Lumentum (LITE.US)近期赢得的设计订单，包括即将开始量产的800G和1.6T光模块中的100G和200G EML芯片组，可能会使该公司股价超过每股1000 美元。法国巴黎银行将Lumentum目标股价从 625 美元上调至 1040 美元，并重申了其"跑 赢大盘"评级。 Lumentum在英伟达和谷歌硬件领域的成功为其股价1000美元铺平了道路。 法国巴黎银行分析师Karl Ackerman在3月17日Lumentum的投资者简报会上表示："Lumentum令人信服地阐述了其在2028年底实现年化每 股收益超过30美元的目标，这得益于其领先的800G和1.6T收发器EML芯片组产品组合中新 ...

Ackerman补充道："我们上调了未来一年的业绩预期，以反映该公司新赢得的多年期、数十亿美元的光 路开关项目。此外，由于英伟达近期投资20亿美元以确保多年产能，我们预计400mW超高功率激光器 的产量也将有所提高，因为英伟达计划在即将推出的Vera Rubin人工智能基础设施中扩大共封装光开关 的产能。" 法国巴黎银行将2027年Lumentum每股收益预期从19.40美元上调至25.89美元，其对2028年的隐含每股收 益预期现为38.95美元。 据法国巴黎银行股票研究部称，Lumentum(LITE.US)近期赢得的设计订单，包括即将开始量产的800G和 1.6T光模块中的100G和200G EML芯片组，可能会使该公司股价超过每股1000美元。法国巴黎银行将 Lumentum目标股价从625美元上调至1040美元，并重申了其"跑赢大盘"评级。 法国巴黎银行分析师Karl Ackerman在3月17日Lumentum的投资者简报会上表示："Lumentum令人信服地 阐述了其在2028年底实现年化每股收益超过30美元的目标，这得益于其领先的800G和1.6T收发器EML 芯片组产品组合中新增的设计订单， ...

中金研究 我们参加了于3月17日-19日在美国洛杉矶举行的OFC 2026大会。作为全球光通信行业风向标之一，根据官网，本届大会汇聚超1.6万名参会人和700余 家参展企业，海内外科技企业同台竞技，纷纷展出光通信领域前沿技术与成果。从本次OFC大会中，我们感受到在位厂商对AI大周期的信心，建议关 注Scale up CPO/NPO、Scale across、OCS等光通信行业发展趋势。 点击小程序查看报告原文 Abstract 摘要 Scale up CPO趋势明确， NPO方案有 望率先放量。 CPO是本次OFC焦点话题之一。中国企业在FAU、ELS模块、OE光引擎封装等环节表现出产业引领地 位；日美企业在光芯片、连接插芯等环节展出更多创新方案。我们认为，尽管CPO在实现大规模商用上仍面临难题，但在scale up场景中，由于对 beachfront density和单位带宽功耗的要求明显高于scale out，CPO的意义更加突出、确切，产业共识认同CPO将在scale up增量场景中明确放量，我们预计 有望在2H27-2028放量。得益于NPO在维护成本、可靠性、产业链复制等方面的优势，我们判断2027 ...

Even with the extreme rally over the past year, it's not too late to get in on Lumentum Holdings shares, according to a BNP Paribas analyst. ...

证券研究报告 科技 GTC&OFC：算力奔跑，光铜共进 华泰研究 2026 年 3 月 22 日│中国内地 行业周报（第十二周） 本周观点 市场方面，上周通信（申万）指数上涨 2.10%，同期上证综指下跌 3.38%， 深证成指下跌 2.90%。上周，GTC&OFC 大会召开，全球算力迎来新变化： 1）光模块&光芯片：Arista 牵头推出 XPO 光模块，Lumentum 给出未来上 游光通信需求的乐观指引；2）CPO：英伟达继续推进 CPO 战略，COHR 等指出 Scale-out 侧已出货/量产，Scale-up 侧预计 27 年底起量；3）OCS： Lumentum 新签多年、数亿美元级大单；4）铜连接：英伟达支持"光铜共 进"。综上，我们建议继续关注全球算力产业链（光通信、铜连接、液冷等）。 周专题：GTC&OFC：算力奔跑，光铜共进 上周，GTC、OFC 大会召开，我们看到全球算力迎来新变化：1）光模块& 光芯片：Arista 牵头推出 12.8T XPO 光模块，Lumentum 给予光芯片需求 乐观指引：预计 26 年底 EML 出货量同比提升 50%+，预计 InP 2025-2030 年 ...

分组1: Micron Technology - Micron Technology's shares have risen 62% in 2026, driven by significant increases in revenue and earnings [1] - Despite its strong performance, Micron has been outperformed by Lumentum and Western Digital, which have seen gains of 90% and 77% respectively [1] 分组2: Lumentum - Lumentum is positioned in a fast-growing AI niche, providing essential connectivity for AI data centers [3] - The company offers optical and photonic products that enhance network bandwidth and enable high-speed data transfers, leading to high demand from hyperscalers [4] - Lumentum's revenue for the first half of fiscal 2026 increased by 62% to $1.2 billion, with non-GAAP earnings jumping 367% year over year to $2.80 per share [7][8] - The company anticipates an 85% year-over-year revenue increase in the current quarter, with earnings guidance at $2.25 per share, nearly quadrupling from the previous year [9] - Analysts expect Lumentum's growth momentum to continue as AI data center build-outs remain strong [10] 分组3: Western Digital - Western Digital has benefited from a storage boom driven by AI data centers, with demand for hard-disk drives (HDDs) surging [14] - The company reported a 26% year-over-year revenue increase to $5.83 billion in the first half of fiscal 2026, with earnings doubling to $3.92 per share [16] - Western Digital has sold out its HDD capacity for 2026 and is entering long-term agreements with customers for future capacity [17][18] - The AI-centric storage market is projected to grow at a 25% compound annual growth rate through 2032, indicating continued revenue growth for Western Digital [18][19]

He highlighted the company’s manufacturing ramp, stating that since fiscal 2023 Lumentum has increased EML (electro-absorption modulated laser) output by 8x. Looking forward, he said the company plans to raise indium phosphide output by another 50% from the last quarter of calendar 2025 through the last quarter of calendar 2026. Even with these increases, he said demand is outpacing supply and that Lumentum is currently “under shipping the market” by about 25% to 30%, with the gap expected to grow due to de ...

Lumentum, An Nvidia Partner, Rallied 1,600% In Less Than A Year; It Could Just Be Getting Started | Investor's Business Daily BREAKING: Trump Threatens To 'Obliterate' Iran's Power Plants If Strait Not Reopened Not much is going wrong with Lumentum Holdings (LITE) lately. Demand for its products is booming, and it just announced a partnership with AI paragon Nvidia (NVDA). Lumentum stock is the newest addition to the S&P 500 index, too. After slumping a few years ago, the provider of optical components has ...