Lumentum (LITE) Soars 11% Ahead of Earnings

Core Insights - Lumentum Holdings Inc. (NASDAQ:LITE) experienced a significant rebound, rising by 11.31% to close at $397.42 as investors prepared for its upcoming earnings report for Q2 FY2026 [1]. Financial Performance - Lumentum is expected to report revenues between $630 million and $670 million for the period from October to December, with non-GAAP diluted earnings per share projected at $1.30 to $1.50 and a non-GAAP operating margin of 20% to 22% [3]. - In the first quarter of the year, Lumentum reported a net income of $4.2 million, a turnaround from a net loss of $82.4 million in the same period last year. Revenues increased by 58% to $533.8 million, up from $336.9 million year-on-year, reaching the high end of its previous guidance [4]. Company Overview - Lumentum is recognized as a leading designer and manufacturer of innovative optical and photonic products that facilitate optical networking and laser applications globally. Its components and subsystems are integral to nearly all types of telecom, enterprise, and data center networks [5].