We recently published 10 Easy Double-Digit Gainers. Lumentum Holdings Inc. (NASDAQ:LITE) was one of the best performers last week. Lumentum Holdings skyrocketed by 40.87 percent week-on-week, to hit a new all-time high, as investors digested its swing to profitability in the second quarter of fiscal year 2026. On Friday alone, the stock rallied to a fresh all-time high anew of $558.38 before trimming gains to finish the session just up by 9.43 percent at $551.99 apiece. Lumentum Photo from Lumentum web ...

Key Takeaways LITE beat Q2 estimates as earnings rose 297.6% Y/Y and revenues climbed 65.5%, driven by strong demand. Lumentum saw component revenues jump 68.3% Y/Y to $443.7M,making up nearly two-thirds of total quarterly salesLITE's non-GAAP operating margin expanded 1730 bps Y/Y to 25.2%, reflecting improved cost structure and scale.Lumentum (LITE) reported second-quarter fiscal 2026 non-GAAP earnings of $1.67 per share, which beat the Zacks Consensus Estimate by 18.68%. The company reported non-GAAP ear ...