Lumentum Stock Rides on Strong AI Push: A Sign of More Upside?

Key Takeaways LITE is seeing strong AI demand for laser chips and optical transceivers used in data centers and networks.More than 60% of revenues now come from AI infrastructure and cloud, driven by strong hyperscaler demand.LITE forecasts $630M-$670M in fiscal Q2 2026 revenue, with growth split between components and systems. Lumentum (LITE) is riding on strong AI demand, which is driving the need for its laser chips and optical transceivers inside data centers, as well as in the interconnect and long-hau ...