Reference market
Closed- Regular hours
- CLOSED – CLOSED EST
- Next holiday
- Nov 26, 2026 · Thanksgiving Day
Equity
Lumentum Holdings Inc. (LITE) perpetual futures
LITE perpetual futures on 27 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade LITEUSDT.
Lumentum Holdings Inc. designs and makes optical and photonic products, including components and modules for fiber optic networks and commercial lasers for OEM applications.
$580.160.0%NASDAQ closed
Price chart
–
Use the left and right arrow keys to inspect points on the chart.
venue perp mark · Deepcoin (LITE/USDT)
Auto: highest-volume live perp venueOpen in TradingView
Trading data
Perpetual market activity
27/27 live markets
Trading data
Perpetual market activity
Venues
27
Live markets
27/27
24h volume
$18.1MCoverage: 20/27 marketsExchange-reported volume: $82.1M
Open interest
$44.4MCoverage: 25/27 markets
Best liquidity
$4.6M
Gate.io
Tightest spread
+0.2 bps
OKX
Highest volume
$9M
Binance
Settlement mix
USDT · 18/27
Perp/spot vol.
0.01x
Spot volume $2.1B
OI / float
+0.09%
Float $51.8B
Spot performance
1D-4.49%
5D+8.89%
1M-31.39%
6M-38.54%
YTD+61.87%
1Y+146.47%
Venue matrix
27 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Binance | Trade | LITE/USDT | Trading | $580.06 | 0.0% APR 0.000% every 8h | +0.2 bps | - | $9M | $9.7M | USDT | - | |
 OKX | Trade | LITE/USDT | Trading | $579.92 | 0.0% APR 0.000% every 8h | +0.2 bps | $523.3K | $2.4M | $3.9M | USDT | 25x | |
 Bybit | Trade | LITE/USDT | Trading | $580.24 | 0.0% APR 0.000% every 8h | +5.5 bps | $198.8K | $1.6M | $2.6M | USDT | 25x | |
 Gate.io | Trade | LITE/USDT | Trading | $580.16 | 0.0% APR 0.000% every 8h | +9.1 bps | $4.6M | $1.6M | $3.4M | USDT | 50x | |
 Hyperliquid HIP-3 | Trade | xyz:LITE | Trading | $579.65 | -82.5% APR -0.00942% every 1h | +4.1 bps | - | $1.2M | $9.9M | USDC | 10x | |
 KuCoin | Trade | LITE/USDT | Trading | $580.47 | 0.0% APR 0.000% every 8h | +7.2 bps | $33.2K | $983K | $677.4K | USDT | 20x | |
 Phemex | Trade | LITE / USDT | Trading | $580.11 | 0.0% APR 0.000% every 8h | +8.1 bps | - | $475K | $1.3M | USDT | 10x | |
 XT.com | Trade | LITE/USDT | Trading | $580.06 | 0.0% APR 0.000% every 8h | +1.2 bps | $535.2K | $281K | - | USDT | 25x | |
 BloFin | Trade | LITE/USDT | Trading | $580.03 | -0.8% APR -0.00073% every 8h | +0.2 bps | - | $235.8K | $237.4K | USDT | 25x | |
 MEXC | Trade | LITE/USDT | Trading | $580.71 | 0.0% APR 0.000% every 8h | +13.8 bps | $543.1K | $160.9K | $9.9M | USDT | 20x | |
 Variational | Trade | LITE/USDC | Trading | $580.10 | 0.0% APR 0.000% every 8h | +5.0 bps | no public depth feed | $82.1K | $95K | USDC | - | |
 GRVT | Trade | LITE/USDT | Trading | $579.99 | 0.0% APR 0.000% every 8h | +2.2 bps | $59.4K | $34.2K | $620.6 | USDT | - | |
 Ondo Perps | Trade | LITE/USD | Trading | $579.62 | - | +15.5 bps | $276.2K | $22.3K | $287.8K | USDC | 10x | |
 Deribit | Trade | LITE/USDC | Trading | $579.68 | +1.4% APR +0.00129% every 8h | +2.6 bps | $506.7K | $16.7K | $208.8K | USDC | 10x | |
 Orderly Network | Trade | LITE/USDC | Trading | $579.94 | +11.0% APR +0.010% every 8h | - | no public depth feed | $6.3K | $2.6K | USDC | - | |
 Crypto.com Exchange | Trade | LITE/USD | Trading | $580.12 | +5.0% APR +0.00057% every 1h | +16.7 bps | $12.9K | $4.3K | $14.5K | USD | 50x | |
 Aster | Trade | LITEUSDT | Trading | $580.63 | 0.0% APR 0.000% every 8h | +9.1 bps | $123.7K | $3K | $46.5K | USDT | - | |
 HTX | Trade | LITE/USDT | Trading | $580.42 | 0.0% APR 0.000% every 8h | +5.2 bps | $930.1K | $2.5K | $9.9K | USDT | - | |
 Aevo | Trade | LITE/USDC | Trading | $579.93 | +11.4% APR +0.00130% every 1h | +18.2 bps | $204.2K | $0 | $0 | USDC | 10x | |
 Extended | Trade | LITE/USD | Trading | $579.67 | 0.0% APR 0.000% every 1h | +2.4 bps | - | $0 | $12.4K | USD | 10x | |
 Vest | Trade | LITE/USDC | Trading | $582.95 | +5.0% APR +0.00057% every 1h | +400.7 bps | $0 | - | - | USDC | 10x | |
 Deepcoin | Trade | LITE/USDT | Trading | $580.07 | - | +0.2 bps | - | $31.9M⚠ | $1.7K | USDT | 25x | |
 Bitget | Trade | LITE/USDT | Trading | $580.23 | 0.0% APR 0.000% every 8h | +2.2 bps | $3.9M | $26.6M⚠ | $1.8M | USDT | 20x | |
 LBank | Trade | LITE/USDT | Trading | $580.12 | 0.0% APR 0.000% every 8h | +0.2 bps | $2.8M | $1.7M⚠ | $42.1K | USDT | 50x | |
 Ourbit | Trade | LITE/USDT | Trading | $580.08 | 0.0% APR 0.000% every 8h | +0.2 bps | $688.2K | $1.7M⚠ | $170.3K | USDT | 20x | |
 BingX | Trade | LITE-USDT | Trading | $579.89 | +5.5% APR +0.00500% every 8h | +1.0 bps | $1.8M | $1.6M⚠ | $5.8K | USDT | - | |
 Bitunix | Trade | LITE/USDT | Trading | $579.91 | +6.4% APR +0.00583% every 8h | +6.0 bps | $571.7K | $612.6K⚠ | $158.6K | USDT | 50x |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tokenized wrappers of the real stock, tradable on-chain and on crypto exchanges around the clock. Premium/discount compares the token price to our stock reference price. Data: CoinMarketCap · Robinhood · DexScreener · GeckoTerminal.
| Product | Price | Premium vs stock | 24h Vol. | Market Cap | Chains |
|---|---|---|---|---|---|
| LITEBbStocks | $579.01 | -0.20% | $2.2M | $3.7M | BNB Smart Chain (BEP20) |
| LITExxStocks | $581.04 | +0.15% | $198k | $3.2M | Solana · Ethereum · Mantle · Ink |
| rLITETokenized | $581.31 | +0.20% | $49k | $290k | Arbitrum |
| LITERobinhood | $575.71 | -0.77% | $1k | $102k | Robinhood Chain |
| Exchange | Pair | Price | 24h Vol. | Liquidity |
|---|---|---|---|---|
 ramsesDEX · robinhood | LITE/USDG ↗ | $575.71 | $1k | $23k |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 17 of 27 venues absorb $10k · Typical cost: +6.8 bps – +13.4 bps
Too thin: Crypto.com Exchange, Phemex
No fresh book data: Deepcoin, Binance, Hyperliquid HIP-3, BloFin, Variational, Orderly Network, Extended, Vest
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
LITETightest spread
LITEHighest volume
LITEFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketNext catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2027-02-02
Revenue est. $1.59B · Updated 5h ago
No unusual perp activity right now.
Reference data
Market context
Reference data
Market context
NASDAQ
Extended-hours reference
Bid568
Ask583.09
Volume3,639,141
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 202724.24$6.6B+118%13
FY 202839.44$10.5B+59%13
FY 202954.83$14.8B+41%6
FY 203063.53$20.8B+41%3
Q3 20278.84$2.3B+81%11
Q4 202710.01$2.6B-5
Source: FMP · Consensus
Company events
62027-02-02EarningsActual - / Estimate 5.89-
2026-11-02EarningsActual 4.57 / Estimate 4.22Beat
2026-08-11Earnings · After market closeActual 3.23 / Estimate 2.97Beat
2026-05-05EarningsActual 2.37 / Estimate 2.27Beat
2026-02-03EarningsActual 1.67 / Estimate 1.41Beat
2025-11-04EarningsActual 1.10 / Estimate 1.03Beat
Peer comparison
Similar listed perpsRevenue mix
Latest annualSystemsProduct$2B
ComponentsProduct$1B
Asia PacificGeographic$1.8B
AmericasGeographic$1.1B
UNITED STATESGeographic$627.9M
Analysts
Price targets in USD| Consensus rating | Buy |
|---|---|
| Average 12-month price target | $1,080 |
| 12-month target range (low – high) | $770 – $1,328 |
| Ratings in the provider's consensus | 26 |
Price targets as of 2026-11-15
Analyst rating history
Ratings| Month | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| Nov 2026 | 5 | 18 | 6 | 0 | 0 |
| Oct 2026 | 5 | 18 | 5 | 0 | 0 |
| Sep 2026 | 5 | 18 | 4 | 0 | 0 |
| Aug 2026 | 5 | 17 | 4 | 0 | 0 |
| Jul 2026 | 5 | 16 | 5 | 0 | 0 |
| Jun 2026 | 4 | 16 | 5 | 0 | 0 |
| May 2026 | 4 | 15 | 5 | 0 | 0 |
| Apr 2026 | 4 | 14 | 5 | 0 | 0 |
| Mar 2026 | 4 | 14 | 5 | 0 | 0 |
| Feb 2026 | 4 | 14 | 5 | 0 | 0 |
| Jan 2026 | 4 | 12 | 5 | 0 | 0 |
| Dec 2025 | 4 | 12 | 5 | 0 | 0 |
Ownership
Institutional · 2026-Q2Free float98.4%89.2M shares
Shares outstanding90.7M shares
Institutional111.6%1,412 investors
Investor count change+245
Reference market activity
LITE-PERPDay range (Nov 13)$569$624
52 week$229.59$1.14K
Spot volume3.6M
Average volume-
Price performance
111D-4.5%
5D+8.9%
1M-31.4%
3M-35.6%
6M-38.5%
YTD+61.9%
1Y+146.5%
3Y+1,221.7%
5Y+562.5%
10Y+1,437.7%
MAX+3,409.5%
Insider activity
FY2026 Q4Acquisitions0 transactions0 shares
Dispositions1 transactions24,542 shares
Purchases0Ratio 0
Sales1
Insider transactions
25DateReporting persontransactionssharesPriceFilings
Lumentum Holdings officer Ali Wajid (EVP & CFO) sold 24,542 common shares at $1,048.50 on Oct 1, 2026, leaving 75,074 shares owned.
Lumentum officer Wupen Yuen sold 807 common shares in two open-market sales on Sep 28-29, 2026, at $945.00-$948.50, leaving 108,320 shares owned.
Lumentum officer Wupen Yuen sold 1,000 common shares in two open-market sales on Sept 24-25, 2026 at $921.07-$935.75, leaving 109,127 shares owned.
Lumentum officer Wupen Yuen sold 1,500 Common Stock shares across 3 open-market sales on Sept 21-23, 2026 at $935.55-$959.27, leaving 110,127 shares owned.
Lumentum officer Wupen Yuen sold 1,500 Common Stock shares in 3 open-market sales on Sept 16-18, 2026 at $856.83-$933.45, leaving 111,627 shares owned.
Lumentum officer Wupen Yuen sold 1,500 common shares in 3 open-market sales on Sept 11-15, 2026 at $841.51-$944.41 per share, leaving 113,127 shares owned.
Lumentum officer Wupen Yuen sold 1,500 common shares in 3 open-market sales on Sept 8-10, 2026 at $895.99-$978.54, leaving 114,627 shares owned.
Officer Wupen Yuen sold 1,500 common shares in three open-market transactions on Sep 2–4, 2026, at prices between $860 and $870.01.
Officer Wupen Yuen sold 1,500 common shares in three open-market transactions, ranging from $895 to $940.95 per share.
The CEO received 7,941 shares via an award and sold 548 shares at $958.66 each.
Filings
100 · Latest SEC filings2026-10-024Insider transaction report (Form 4)
Lumentum Holdings officer Ali Wajid (EVP & CFO) sold 24,542 common shares at $1,048.50 on Oct 1, 2026, leaving 75,074 shares owned.
2026-09-304Insider transaction report (Form 4)
Lumentum officer Wupen Yuen sold 807 common shares in two open-market sales on Sep 28-29, 2026, at $945.00-$948.50, leaving 108,320 shares owned.
2026-09-254Insider transaction report (Form 4)
Lumentum officer Wupen Yuen sold 1,000 common shares in two open-market sales on Sept 24-25, 2026 at $921.07-$935.75, leaving 109,127 shares owned.
2026-09-234Insider transaction report (Form 4)
Lumentum officer Wupen Yuen sold 1,500 Common Stock shares across 3 open-market sales on Sept 21-23, 2026 at $935.55-$959.27, leaving 110,127 shares owned.
2026-09-184Insider transaction report (Form 4)
Lumentum officer Wupen Yuen sold 1,500 Common Stock shares in 3 open-market sales on Sept 16-18, 2026 at $856.83-$933.45, leaving 111,627 shares owned.
2026-09-154Insider transaction report (Form 4)
Lumentum officer Wupen Yuen sold 1,500 common shares in 3 open-market sales on Sept 11-15, 2026 at $841.51-$944.41 per share, leaving 113,127 shares owned.
2026-09-104Insider transaction report (Form 4)
Lumentum officer Wupen Yuen sold 1,500 common shares in 3 open-market sales on Sept 8-10, 2026 at $895.99-$978.54, leaving 114,627 shares owned.
2026-09-044Insider transaction report (Form 4)
Officer Wupen Yuen sold 1,500 common shares in three open-market transactions on Sep 2–4, 2026, at prices between $860 and $870.01.
2026-09-014Insider transaction report (Form 4)
Officer Wupen Yuen sold 1,500 common shares in three open-market transactions, ranging from $895 to $940.95 per share.
2026-08-274Insider transaction report (Form 4)
On 2026-08-17, CEO Michael E. Hurlston received an award of 66,764 shares of Lumentum common stock at $0.00, increasing his holdings to 185,743 shares.
2026-08-274Insider transaction report (Form 4)
The reporting person acquired 5,138 shares via an award (not a purchase) and sold 500 shares on the open market at $958.66 each.
2026-08-274Insider transaction report (Form 4)
Lumentum officer Eric Chang received an A-Award of 900 Common Stock shares at $0.00 on 2026-08-25, holding 5,906 shares afterward.
2026-08-274Insider transaction report (Form 4)
The CEO received 7,941 shares via an award and sold 548 shares at $958.66 each.
2026-08-274Insider transaction report (Form 4)
Lumentum Holdings officer Ali Wajid (EVP & CFO) received an award of 5,005 common shares at $0.00 on 2026-08-25, leaving 99,616 shares owned after the transaction.
2026-08-274Insider transaction report (Form 4)
Lumentum CFO Ali Wajid received 22,760 shares of common stock as an award (A) on 2026-08-17, at $0.00, leaving 80,797 shares owned.
2026-08-274Insider transaction report (Form 4)
Lumentum officer Wupen Yuen received an award of 22,760 common shares at $0.00 on 2026-08-17, bringing his holdings to 100,507 shares. This was a compensation grant, not an open-market purchase.
2026-08-274Insider transaction report (Form 4)
Lumentum officer Vincent Retort received a 15,174-share Common Stock award (A) at $0.00 on 2026-08-17, bringing reported ownership to 101,438 shares. Form 4 filed 2026-08-27.
2026-08-274Insider transaction report (Form 4)
Lumentum officer Kim Jae received a grant of 11,634 common shares (A-Award, not a purchase), bringing holdings to 42,551 shares.
2026-08-274Insider transaction report (Form 4)
Lumentum officer Vincent Retort sold 38,663 Common Stock shares in 18 open-market transactions on 2026-08-25 at prices from $842.2161 to $860.052, leaving 93,403 shares owned after the last reported sale.
2026-08-274Insider transaction report (Form 4)
Lumentum officer Kim Jae (SVP, General Counsel) reported selling 12,000 common shares across 17 open-market sales at $842.39-$860.04, plus receiving 1,635 shares via an award grant.
2026-08-264Insider transaction report (Form 4)
Wupen Yuen, President of Global Business Units at Lumentum Holdings, sold 1,500 common shares in three open-market transactions on Aug 24-26, 2026, at prices ranging from $824.24 to $882.15, reducing his holdings to 91,729 shares.
2026-08-214Insider transaction report (Form 4)
Vincent Retort, an officer of Lumentum, disposed of 12,566 shares of common stock: 10,083 shares withheld for taxes (F) and 2,483 shares sold (S), reducing his holdings to 101,929 shares.
2026-08-214Insider transaction report (Form 4)
Kim Jae, SVP & General Counsel of Lumentum, disposed of 7,803 shares of Common Stock on Aug 19-21, 2026: 5,899 shares were withheld for tax (F-InKind) and 1,904 shares were sold (S-Sale) at prices between $827.60 and $827.82.
2026-08-214Insider transaction report (Form 4)
President Wupen Yuen sold 2,000 shares and had 10,565 shares withheld for taxes, all in Common Stock, on Aug 19-21, 2026.
2026-08-214Insider transaction report (Form 4)
On August 19, 2026, CEO Michael Hurlston withheld 6,185 shares of Lumentum common stock to cover tax liability from equity vesting, at $827.60 per share.
2026-08-214Insider transaction report (Form 4)
The reporting officer disposed of 10,728 common shares in two tax withholding transactions (F) on August 19 and 21, 2026, at prices between $827.60 and $866.71 per share.
2026-08-184Insider transaction report (Form 4)
The reporting person received an award of 63,956 shares, had 35,841 shares withheld for taxes, and sold 3,183 shares.
2026-08-184Insider transaction report (Form 4)
Lumentum officer Kim Jae received a 33,433-share Common Stock award. 18,427 shares were withheld for taxes, and 1,366 shares were sold at $909.43.
2026-08-184Insider transaction report (Form 4)
The reporting person disposed of 5,438 shares of Common Stock in a tax withholding transaction, at $926.14 per share, reducing holdings to 118,979 shares.
2026-08-184Insider transaction report (Form 4)
On Aug 17, 2026, CFO Wajid Ali received 53,296 shares as an award. Two tax-withholding transactions disposed of 31,668 shares at $926.14–$968.90.
2026-08-184Insider transaction report (Form 4)
An activist investor reported a 10.2% stake in the company, prompting a 12% stock surge.
2026-07-164Insider transaction report (Form 4)
Lumentum director Brian Lillie was granted 108 shares of common stock as compensation on 2026-07-15, bringing his total holdings to 14,018 shares.
2026-07-164Insider transaction report (Form 4)
Lumentum director Penny Herscher received a grant of 108 common shares on 2026-07-15 (compensation, not a purchase), bringing total holdings to 2,165 shares.
2026-07-164Insider transaction report (Form 4)
Lumentum director Pamela Fletcher was awarded 108 shares of common stock, bringing her total holdings to 7,514 shares.
2026-07-164Insider transaction report (Form 4)
Director Julia Suzanne Johnson received a grant of 108 Lumentum common shares (not an open-market purchase), bringing her holdings to 13,428 shares.
2026-07-164Insider transaction report (Form 4)
Lumentum director Thad Trent was awarded 108 common shares (grant, not a purchase) on 2026-07-15, bringing his total holdings to 1,313 shares.
2026-07-164Insider transaction report (Form 4)
Director Ian Small was granted 108 shares of common stock (Award, not a purchase) on 2026-07-15, bringing his total ownership to 21,116 shares.
2026-07-074Insider transaction report (Form 4)
Lumentum director Harris Isaac Hosojiro received 952 shares of Common Stock via three awards (A-Award). He also had 395 shares withheld for taxes (F-InKind) at prices of $702.76-$902.32. Holdings after these transactions were 12,649 Common shares.
2026-06-044Insider transaction report (Form 4)
Director Harris Isaac Hosojiro sold 1,416 shares of Lumentum Holdings common stock at $1000.081 per share on 2026-06-02, leaving 6,984 shares owned afterward.
2026-06-014Insider transaction report (Form 4)
Director Isaac Hosojiro Harris sold 4,000 shares of Lumentum Holdings common stock at $860 on 2026-05-29, leaving 8,400 shares owned afterward.
2026-05-224Insider transaction report (Form 4)
Director Ian Small sold 4,954 shares of Lumentum common stock at $868.07 on 2026-05-21, leaving 21,008 shares owned afterward.
2026-05-194Insider transaction report (Form 4)
Wupen Yuen, President of Global Business Units at Lumentum, had 3,741 shares withheld for taxes at $970.70 and separately sold 3,210 shares on the open market at $953.95.
2026-05-194Insider transaction report (Form 4)
CEO Michael Hurlston had 5,438 shares of Lumentum common stock withheld for taxes at $970.70 per share on 2026-05-15, leaving 124,417 shares owned. This was not an open-market sale.
2026-05-194Insider transaction report (Form 4)
Vincent Retort had 3,299 shares withheld for taxes at $970.70 and sold 3,183 shares at $953.95, leaving 89,563 shares owned.
2026-05-194Insider transaction report (Form 4)
Lumentum Holdings SVP & General Counsel Kim Jae had 1,416 shares withheld for taxes at $970.70 and sold 1,422 shares at $953.95.
2026-05-194Insider transaction report (Form 4)
Lumentum EVP & CFO Ali Wajid had 2,914 shares withheld for taxes at $970.70 on 2026-05-15, then sold 2,487 shares at $953.95 on 2026-05-18.
2026-05-154Insider transaction report (Form 4)
Director Pamela Fletcher sold a total of 3,155 common shares of Lumentum in two transactions, at prices between $940.82 and $1003.375. After the sales, she held 7,406 shares.
2026-05-124Insider transaction report (Form 4)
Jae Kim, SVP & General Counsel of Lumentum Holdings, sold 1,933 shares of common stock at $950.99 on 2026-05-11, leaving 35,114 shares owned afterward.
2026-05-124Insider transaction report (Form 4)
Lumentum director Brian Lillie sold 11,951 shares of common stock in 30 open-market transactions on 2026-05-11, at prices ranging from $950.99 to $1,003.617 per share.
2026-05-124Insider transaction report (Form 4)
Director Ian Small sold 3,500 shares of Lumentum common stock on the open market on 2026-05-08 at prices ranging from $910.72 to $912.26, leaving 25,962 shares owned afterward.
2026-05-124Insider transaction report (Form 4)
Director Brian Lillie sold 49 shares of Lumentum common stock at $1004.335 on 2026-05-11, leaving 13,910 shares owned afterward.
2026-03-034Insider transaction report (Form 4)
Isaac Harris received a grant of 611 Lumentum common shares as compensation, and 220 shares were withheld to cover taxes at $700.91 per share, leaving 12,400 shares owned.
Transcripts
Earnings callsFY2026 Q32026-05-05
Earnings calls
AI summary
positiveLumentum achieved exceptional growth driven by transceiver and laser chip businesses, with significant margin expansion from manufacturing utilization, product mix, and pricing. The company faces substantial supply-demand imbalances (30%+ on EMLs) but expects to reach its $2 billion quarterly revenue target. Q4 guidance projects $960M-$1.01B revenue with 35-36% operating margins.
Key takeaways
- Q3 revenue of $808.4M grew 90% YoY; Components up 77% YoY to $533M, Systems up 121% YoY to $275M
- Non-GAAP gross margin expanded 1,270 bps YoY to 47.9%; non-GAAP operating margin expanded 2,140 bps YoY to 32.2%
- EML laser shipments grew 120%+ YoY for ninth consecutive quarter; pump laser shipments grew 80% YoY with unanticipated strong demand
- Supply-demand imbalance on EMLs greater than 30%; pump lasers and narrow linewidth lasers significantly constrained; transceiver shipments below customer demand
- Greensboro indium phosphide fab acquisition in progress; expected to contribute meaningful revenue in 2028
Financial highlights
- Q3 non-GAAP revenue $808.4M (+90% YoY); non-GAAP gross margin 47.9% (+1,270 bps YoY)
- Non-GAAP operating margin 32.2% (+2,140 bps YoY); non-GAAP net income $225.7M; non-GAAP EPS $2.37
- Cash and short-term investments increased $2.02B to $3.17B, primarily from NVIDIA direct investment
- CapEx spending $125M in Q3, primarily for cloud and AI manufacturing capacity
Guidance
- Q4 FY2026 revenue guidance $960M-$1.01B (midpoint $985M, new record); expects components to drive over half of sequential growth
- Q4 non-GAAP operating margin 35-36%; non-GAAP EPS $2.85-$3.05 based on 16.5% tax rate and ~102M diluted shares
- Company targeting $2B quarterly revenue goal as articulated at OFC event
- EML unit growth expected to exceed 50% by December quarter 2026 vs. December quarter 2025
Q&A themes
- Scale-across portfolio (pump lasers, narrow linewidth lasers, WSS) emerging as significant margin contributor; multi-rail technology expected to drive appreciable growth and margin expansion
- OCS supply constraints driven by significant step-up in customer demand; company working multiple new customer opportunities and making roadmap choices; Chinese competitors shown OCS solutions at OFC but company maintains strong competitive position
- In-sourcing CW lasers into transceiver modules ramping; roughly 20% of modules expected to use internal CW lasers in Q4 guidance, with expectation to increase over time for margin benefit
- Long-term agreements being negotiated with major customers on pump lasers involving prepayments, take-or-pay provisions, and price increases to help offset CapEx; considering contract manufacturing partnerships to improve margins
Risks
- Supply-demand imbalance of 30%+ on EMLs and greater on pump lasers and narrow linewidth lasers creates execution risk; company forced to make allocation choices among customers
- OCS ramp pace gated by supply chain with company on 'tight rope'; major production ramp required with multiple new customer configurations increasing engineering complexity
- Greensboro fab not expected to contribute significantly until 2028; substantial CPO revenue opportunity ($5B+ incremental) dependent on successful execution and fab ramp
FY2026 Q22026-02-03
Earnings calls
AI summary
positiveLumentum achieved $665.5M in Q2 revenue (+65% YoY) with non-GAAP operating margin expanding 1,730 bps to 25.2%, setting consecutive quarterly records. The company raised Q3 guidance to $805M midpoint (+85% YoY) and reported OCS backlog exceeding $400M, most for H2 2026 shipment. Growth drivers include cloud transceivers, optical circuit switches, and ultra-high-power lasers for co-packaged optics, with a new multi-$100M CPO order expected to ship in 2027.
Key takeaways
- OCS business exceeded expectations with $400M+ backlog (vs. prior $100M Q4 target), driven by three customers across spine replacement, scale-across, scale-up, and redundancy applications
- Cloud transceiver revenue grew ~$50M sequentially with 43% sequential and 60% YoY systems growth; 1.6T speeds accelerating faster than expected with higher market share vs. 800G
- EML laser shipments reached company record; 200 gig devices now 5% of unit volume but ~10% of data center laser revenue with expected 25% mix by year-end; differential 200 gig EMLs provide additional pricing power
- Indium phosphide capacity 40% expansion front-loaded with 20%+ delivered in Q2; additional line of sight to capacity in Sagamihara, Caswell (UK), and Takao (Japan) fabs through H2 2026 into early 2027
- Supply-demand imbalance remains at ~30% shortfall despite capacity additions; all EML capacity spoken for through end of calendar 2027 via long-term agreements with pricing leverage
Financial highlights
- Q2 revenue $665.5M (record), +65% YoY; non-GAAP EPS $1.67 vs. guidance expectations
- Non-GAAP gross margin 42.5% (+310 bps sequential, +820 bps YoY); non-GAAP operating margin 25.2% (+650 bps sequential, +1,730 bps YoY)
- Components revenue $443.7M (+17% sequential, +68% YoY); Systems revenue $221.8M (+43% sequential, +60% YoY)
- Q3 guidance: revenue $780M-$830M (midpoint $805M, +85% YoY), non-GAAP operating margin 30-31%, non-GAAP EPS $2.15-$2.35
Guidance
- Q3 FY2026 revenue guidance $805M midpoint (range $780M-$830M), representing new all-time quarterly record and 85%+ YoY growth
- Q3 non-GAAP operating margin projected 30-31% with non-GAAP EPS $2.15-$2.35
- Approximately two-thirds of sequential Q3 revenue growth from components (cloud applications); one-third from systems (high-speed transceivers and OCS)
- Multi-$100M CPO order expected to ship in 2027; first scale-up CPO shipments expected by late calendar 2027
Q&A themes
- OCS backlog $400M+ with multiple customers and broad-based demand across four applications; backlog primarily shipping H2 2026 with higher exit velocity than prior $100M Q4 target
- Transceiver business growing beyond prior $250M/quarter or ~$1B annualized cap due to strong demand from primary and other customers; 1.6T adoption accelerating with higher margins than 800G
- EML supply-demand imbalance stable at ~30% despite capacity additions; all capacity through end of 2027 committed via long-term agreements with pricing flexibility for incremental customer requests
- Contract manufacturing strategy expanded with new back-end operations leader from Jabil; Thailand Nava facility prioritized for high-value products with shift toward outsourcing to manage capacity constraints
Risks
- Manufacturing and supply chain execution risk: company faces significant challenges in fab capacity and factory floor space; reliance on contract manufacturing expansion presents operational integration risk
- CPO and scale-up adoption timing uncertainty: while growing, CPO scale-up opportunity depends on late calendar 2027 inflection and broad customer adoption beyond current design-in cycles
- Telecom customer pricing negotiation risk: some legacy telecom customers resistant to long-term agreements and price increases, limiting margin upside in non-cloud segments
FY2026 Q12025-11-04
Earnings calls
AI summary
positiveLumentum reported exceptional Q1 FY2026 results with revenue surging 58% year-over-year to $533.8M, the highest in company history, while non-GAAP operating margins expanded 1,570 basis points to 18.7%. The company guides Q2 revenue to ~$650M midpoint, surpassing its previously announced $600M+ quarterly target two quarters earlier than expected. Over 60% of revenue now comes from cloud and AI infrastructure, with strong contributions across laser chips, optical transceivers, and data center interconnect components.
Key takeaways
- Record Q1 revenue of $533.8M (+58% YoY); Q2 guidance of $650M midpoint achieves $600M+ target 2 quarters ahead of schedule
- Indium phosphide laser chip capacity expected to increase ~40% over next few quarters; 200-gig EML lasers ramping with ~10% mix expected in early calendar 2026
- Cloud transceivers entering sustained growth period after prior production constraints; 1.6T products expected to ramp mid-2026 with better margins than 800G products
- Optical circuit switches (OCS) on track for $100M quarterly run-rate by December 2026, with customer engagement and confidence increasing; co-packaged optics (CPO) demand stronger than initially forecasted
- Company reorganized into single reportable segment under new structure headed by Wupen Yuen; reporting now broken down by components ($379.2M, +64% YoY) and systems ($154.6M, +47% YoY) revenue
Financial highlights
- Q1 FY2026 revenue: $533.8M (+58% YoY); non-GAAP EPS: $1.10; GAAP net income: $4.2M ($0.05 per share)
- Non-GAAP gross margin: 39.4% (+160 bps sequentially, +660 bps YoY); non-GAAP operating margin: 18.7% (+370 bps sequentially, +1,570 bps YoY)
- Components revenue: $379.2M (+18% sequentially, +64% YoY); Systems revenue: $154.6M (-4% sequentially, +47% YoY)
- Cash and short-term investments: $1.12B (+$245M sequentially); Q1 CapEx: $76M; Q2 guidance: operating margin 20-22%, EPS $1.30-$1.50
Guidance
- Q2 FY2026 revenue guidance: $630M-$670M (midpoint $650M); represents new all-time quarterly revenue record
- Q2 non-GAAP operating margin: 20-22%; Q2 non-GAAP diluted EPS: $1.30-$1.50 (based on ~83.5M shares, 16.5% tax rate)
- Components expected up sequentially with broad-based growth; Systems expected up sequentially from cloud transceivers and OCS ramp
- OCS revenue trajectory: mid-single digits in December 2026 quarter, very low double digits in March 2026 quarter, accelerating to mid-$50M-$60M mid-year, reaching $100M by December 2026 quarter
Q&A themes
- Transceiver execution improving with relief of prior production bottlenecks; layering effect now evident as 800-gig cycles down and 1.6T begins ramping; majority of growth from largest customer with secondary and tertiary customer contributions emerging
- Supply-demand imbalance for EML chips has increased from ~20% shortfall last quarter to 25-30% currently; company consolidating customer base through long-term agreements to allocate capacity to highest-margin opportunities and strategic partners
- Pricing power being exercised with targeted increases already in Q2 guide; expect broader price increases in 2026 agreements given sustained supply-demand imbalance; 1.6T transceivers will command significantly higher margins than 800G
- CPO demand stronger than forecast; customer engagement multiplied beyond initial priority customer; expanded use of pluggable/tunable modules facilitating broader customer and application engagement across supply chain
Risks
- Supply chain execution critical risk; OCS software qualification remains most significant near-term concern, though progress expected by March 2026 for major customers and mid-year for third customer
- Potential future overcapacity risk as competitors ramp 6-inch indium phosphide fabs and technology transitions from EML to CW lasers and silicon photonics; company mitigating through capacity flexibility and long-term customer agreements with 6-8 quarter visibility
FY2025 Q42025-08-12
Earnings calls
AI summary
positiveLumentum achieved record Cloud & Networking performance in Q4 with 16% sequential and 67% year-over-year growth, driven by exceptional demand for EMLs, transceivers, and cloud modules. The company now expects to surpass $600M in quarterly revenue by June 2026 or earlier, supported by multifaceted growth from components, cloud modules, optical circuit switches, and co-packaged optics. Full year FY2025 revenue reached $1.65B, up 21% year-over-year, with non-GAAP operating margin improving to 9.7%.
Key takeaways
- Cloud & Networking segment revenue increased 16% sequentially and 67% year-over-year to $424.1M, with all-time high EML shipments nearly doubling versus prior year
- Received substantial order for 200-gig lane speed EML chips expected to fulfill in December quarter; 2026 expected to be breakout year for 100-gig and 200-gig laser chip sales
- Optical circuit switches achieved first revenue with shipments to 2 hyperscale customers, with third customer committed to deploy in calendar 2026; expanding in-house OCS manufacturing capacity
- Received largest single purchase commitment in company history for ultra high-power lasers for co-packaged optics; investing in U.S.-based indium phosphide wafer fab with significant revenue ramp expected in H2 calendar 2026
- Q1 FY2026 guidance: revenue of $510M-$540M (all-time quarterly record at midpoint), non-GAAP operating margin 16%-17.5%, non-GAAP EPS $0.95-$1.10
Financial highlights
- Q4 FY2025 revenue: $480.7M; non-GAAP gross margin: 37.8% (up 260 bps sequentially, up 1,000 bps year-over-year); non-GAAP operating margin: 15% (up 420 bps sequentially)
- Full year FY2025 revenue: $1.65B (up 21% year-over-year); non-GAAP gross margin: 34.7% (up 450 bps); non-GAAP operating margin: 9.7% (up 1,030 bps); non-GAAP EPS: $2.06
- Q4 Cloud & Networking segment revenue: $424.1M (up 16% sequentially, 67% year-over-year); segment profit: 23.6% (up 360 bps sequentially); Q4 Industrial Tech: $56.6M (down 6% sequentially); segment profit: 6%
- Cash and short-term investments: $877M (up $10M during Q4); Q4 CapEx: $59M focused on manufacturing capacity
Guidance
- Q1 FY2026 revenue guidance: $510M-$540M (midpoint represents all-time quarterly revenue record); Cloud & Networking expected up sequentially; Industrial Tech approximately flat
- Q1 FY2026 non-GAAP operating margin: 16%-17.5%; non-GAAP diluted EPS: $0.95-$1.10 (based on 75M shares, 16.5% effective tax rate)
- Expect to surpass $600M in quarterly revenue by June 2026 quarter or earlier, with contributions from components, cloud modules, OCS, and CPO
- Cloud revenue growing well over 20% annually; gross margins set to surpass 40%; operating margins targeting above 20% through long-term financial model
Q&A themes
- OCS ramping faster than expected with first revenue in Q4 (vs. previously guided December quarter) and third customer committed for calendar 2026 deployment; meaningful inflection points expected in early 2026 and back half 2026
- 100-gig and 200-gig EML transition is layered (not a transition down) with 100-gig continuing to climb and 200-gig adding on top for 1.6T transceivers; supply-constrained with 6-9 months visibility and low inventory
- EML competitive moat maintained through superior performance (higher module yields), technology leadership (200-gig, CPO), and largest capacity in industry; transitioning from 3-inch to 4-inch wafers with capacity expansion underway
- Pricing discussions expected to become more meaningful given finite EML capacity and strong demand; pricing increases not incorporated in $600M target or 40% gross margin guidance
Risks
- Industrial Tech segment declined 6% sequentially with headwinds in industrial lasers and 3D sensing, though profitability improved from cost reduction initiatives
- Tariff situation described as fluid; while company believes products are exempt from new regulations, potential for impact if new tariffs emerge; minimal tariff impact in Q4 but Q1 guidance includes small buffer
- Supply constraints on telecom components limit telecom revenue relative to datacom despite balanced demand; manufacturing capacity limitations require selective approach to cloud module customer expansion (limited to 3 customers near-term)
FY2025 Q32025-05-06
Earnings calls
FY2025 Q22025-02-06
Earnings calls
Company news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.Company data
Company intelligence
Updated: Nov 15, 2026, 04:52 AM UTC
Company data
Company intelligence
Company profile
- Sector
- Technology
- Industry
- Communication Equipment
- Chief executive
- Michael E. Hurlston
- Employees
- 13,757
- IPO date
- Jul 23, 2015
- Country
- US
- Exchange
- NASDAQ Global Select
Altman Z-scorei14.99
Piotroski scorei5/9
Overall ratingiC-
Owner earningsi$469.86M$6.30 per share
ESG risk ratingiBIndustry rank: 6/11
Rating factors
- Return on equityi
- 1/5
- Return on assetsi
- 1/5
- Debt to equityi
- 2/5
- Price to earningsi
- 1/5
- Price to booki
- 1/5
Company press releases
Lumentum Announces Reporting Date for Fiscal First Quarter 2027 Financial ResultsBusiness WireLumentum Announces Speaker Lineup at 2026 OCP Global SummitBusiness WireLumentum, Qualcomm, and Corning to Demonstrate High-Density 1060 nm VCSEL Optical D2D Connectivity for AI Scale-Up at ECOC 2026Business WireLumentum to Demonstrate DWDM ELSFP Laser Module for OCI MSA Applications at ECOC 2026Business WireLumentum Experts to Share Insights at ECOC 2026Business WireOMNI-LITE INDUSTRIES ANNOUNCES THE GRANT OF STOCK OPTIONS AND RSUsGlobeNewsWire
Congressional disclosures
Senate
House
Gilbert CisnerosPurchase · $1,001 - $15,000Disclosed: Nov 10, 2026Gilbert Ray CisnerosSale (Full) · $1,001 - $15,000Disclosed: Sep 7, 2026Gilbert CisnerosSale · $1,001 - $15,000Disclosed: Sep 7, 2026Gilbert Ray CisnerosSale (Full) · $1,001 - $15,000Disclosed: Sep 7, 2026Josh S. GottheimerPurchase · $1,001 - $15,000Disclosed: Jun 4, 2026
Market cap history
$55.19B-12.8%Nov 2026 – Nov 2026
Latest: $55.19B · 2026-11-13High: $63.31B · 2026-11-02Low: $55.14B · 2026-11-09
Shown from Nov 2, 2026: earlier points count a different number of shares and are left out.
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| ANNPX | 1.68% | 5.1M |
| VTI | 0.1% | 2.5M |
| VOO | 0.11% | 2.1M |
| QQQ | 0.4% | 1.9M |
| VO | 0.68% | 1.7M |
| NCV | 1.3% | 1.5M |
| NFJ | 0.45% | 1.4M |
| NIE | 0.76% | 1.2M |
| IVV | 0.12% | 1.2M |
| NCZ | 1.32% | 1.2M |
| 1557.T | 0.12% | 1.1M |
| SPY | 0.14% | 1.1M |
Analyst track record
How the analysts covering LITE have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 123 | 289 |
| Analysts | 27 | 32 |
| Buy / hold / sell | 91 / 32 / 0 | 204 / 71 / 14 |
| Upgrades / downgrades / initiations | 2 / 2 / 9 | 10 / 3 / 14 |
| Price targets hit / missed | 35 / 83 (30%) | 193 / 83 (70%) |
| Avg. return after a rating (TipRanks) | -11.5% | +376.0% |
| Best / worst call | +245.1% / -55.4% | > +1,000% / -55.4% |
After buy calls on this stock: median 21-day move +11.8% vs S&P 500 +6.7% (n = 204)
Most accurate on this stock
Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.
- Samik ChatterjeeJ.P. Morgan100% hit rate on this stock · 19 targets measuredBuytarget $1,165Jul 21, 2026
- Ruben RoyStifel Nicolaus100% hit rate on this stock · 13 targets measuredHoldtarget $806Nov 2, 2026
- Christopher RollandSusquehanna100% hit rate on this stock · 13 targets measuredBuytarget $950Nov 2, 2026
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Nov 9, 2026 | Daniel ZhuBernsteinNov 9, 2026 | BuyReiterated | $635↗ | article ↗ |
| Nov 3, 2026 | Saiyi HeCMB International SecuritiesNov 3, 2026 | BuyMaintained | $1,212↗ | article ↗ |
| Nov 3, 2026 | Sean O'LoughlinTD CowenNov 3, 2026 | HoldMaintained | $685↗ | article ↗ |
| Nov 3, 2026 | Meta MarshallMorgan StanleyNov 3, 2026 | HoldMaintained | $1,000↗ | article ↗ |
| Nov 3, 2026 | Vijay RakeshMizuho SecuritiesNov 3, 2026 | BuyMaintained | $1,132↗ | article ↗ |
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data · computed Nov 13, 2026 · 123 ratings
Frequently asked questions
Where can I trade LITE perpetual futures?
Lumentum Holdings Inc. (LITE) perpetual futures trade on 27 crypto venues, including Deepcoin, Bitget, Binance. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade LITE around the clock?
Yes. Unlike the underlying stock, LITE perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on LITE perpetuals?
Right now the LITE perp funding rate is 0.0% annualized (venue median), ranging from -82.5% to 0.0% across 27 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the LITE perp price compare to the Lumentum Holdings Inc. stock?
The venue-median LITE perp mark is $580.1 versus a reference stock price of $580.2, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.
What is a LITE perpetual future?
A LITE perpetual is a derivative that tracks the price of Lumentum Holdings Inc. with no expiry date. It lets you take long or short exposure to Lumentum Holdings Inc. on crypto venues, around the clock.
What is LITEUSDT perpetual?
LITEUSDT is the symbol most crypto exchanges use for the Lumentum Holdings Inc. perpetual settled in USDT (Tether). It tracks the LITE share price through an index, trades 24/7 with leverage and never expires.
Embed this asset
<a href="https://perpequities.com/stocks/lite-perp"><img src="https://perpequities.com/badge/lite-perp.svg" width="240" height="64" alt="LITE perpetuals · perpequities.com" loading="lazy"></a>