Why did Lumentum (LITE) stock move recently?

On 9/16/2026, Lumentum moved +9.6% — Optical and photonics shares bounced after a sharp pullback over the prior month. Coverage of the session attributed the move to short covering and positioning rather than any company announcement, analyst action or product news. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Lumentum (LITE) overvalued or fairly valued?

MarketChacha shows Lumentum's valuation in context — a trailing P/E of about 457.0, a forward P/E of about 23.2, a price-to-book of about 15.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Lumentum's revenue?

Lumentum reported revenue of $3.0B for FY2026, with net profit of $-6.9B, per official filings.

What is the share price of Lumentum (LITE)?

Lumentum last traded at $822.51 (-1.4% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Lumentum

LITE · NASDAQ · Technology · United States

Snapshot

TickerLITE

ExchangeNASDAQ

SectorTechnology

IndustryCommunication Equipment

CountryUnited States

Employees13,757

HeadquartersSan Jose, United States

Websitewww.lumentum.com

Filings tracked19

About Lumentum

Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. It offers component products, including semiconductor laser chips, laser sub-assemblies, line subsystems, and wavelength management systems. The company also offers system products, such as optical modules, optical circuit switches, and industrial lasers, including short-pulse solid-state lasers and kilowatt-class fiber lasers. Its products and solutions are used in cloud, artificial intelligence and machine learning (AI/ML), telecommunications, consumer, and industrial end-market applications. The company was incorporated in 2015 and is headquartered in San Jose, California.

Who owns it

Insiders0.3%
Institutions94.1%
Public & other5.6%

1,851 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.10.13%
Vanguard Capital Management LLC5.61%
Vanguard Portfolio Management LLC4.52%
JPMORGAN CHASE & CO4.48%
FMR, LLC3.89%
State Street Corporation3.81%
Invesco Ltd.3.51%
Geode Capital Management, LLC2.48%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 222.6 points over the period — profitability is trending down.

Net margin trend-7.4% → -230.1%

Margin has compressed by about 222.6 points over the period — profitability is trending down.

Return on equity-149.3%

Latest ROE of -149.3% is on the low side — the business earns a modest return on shareholder capital.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $1.5B · EPS 5.04

Est. earnings growth +201.6%

Next fiscal year

Rev $9.9B · EPS 36.02

Est. earnings growth +65.3%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2026)

$3.0B

Net margin

-230.1%

ROE

-149.3%

Revenue CAGR (3y)

+19.5%

EPS (FY2026)

-92.96

Net profit (FY2026)

$-6.9B

Ask MarketChacha about LITE

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Sep 16, 2026
Optical and photonics shares bounced after a sharp pullback over the prior month. Coverage of the session attributed the move to short covering and positioning rather than any company announcement, analyst action or product news.
source 1 ↗· confidence: medium
Sep 1, 2026
Lumentum shares fell ~5% on sector contagion and profit-taking in AI optics/photonics names after peer Applied Optoelectronics announced a large equity offering that raised dilution concerns across correlated stocks; broader Nasdaq weakness and recent insider sales added pressure, despite new Buy/Outperform initiations from Deutsche Bank and Evercore ISI.
source 1 ↗source 2 ↗· confidence: high
Aug 25, 2026
Lumentum shares rebounded on continued optimism around AI-related optical connectivity demand after a sharp pullback the prior session, with no new company-specific catalyst reported today.
source 1 ↗source 2 ↗· confidence: medium

Daily moves with the verified reason behind them. Education only — not investment advice.

On MarketChacha

Posts about LITE

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2026	$3.0B	$-6.9B	-92.96	-230.1%	-149.3%
FY2025	$1.6B	$25.9M	0.37	1.6%	2.3%
FY2024	$1.4B	$-546.5M	-8.12	-40.2%	-57.1%
FY2023	$1.8B	$-131.6M	-1.93	-7.4%	-9.7%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$808.4M	$144.2M	1.50	17.8%
2025Q4	$665.5M	$78.2M	0.89	11.8%
2025Q3	$533.8M	$4.2M	0.05	0.8%
2025Q1	$425.2M	$-44.1M	-0.64	-10.4%
2024Q4	$402.2M	$-60.9M	-0.88	-15.1%
2024Q3	$336.9M	$-82.4M	-1.21	-24.5%
2024Q1	$366.5M	$-127.0M	-1.88	-34.7%
2023Q4	$366.8M	$-99.1M	-1.47	-27.0%
2023Q3	$317.6M	$-67.9M	-1.02	-21.4%
2023Q2	$383.4M	$-39.3M	-0.57	-10.3%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-K filing
SEC8/17/2026
8-K — Results of operations, Exhibits
SEC8/11/2026material
8-K — Executive/director change
SEC7/30/2026material
8-K — Unregistered equity sale
SEC6/1/2026material
10-Q filing
SEC5/6/2026
8-K — Results of operations, Exhibits
SEC5/5/2026material
8-K — Unregistered equity sale
SEC4/8/2026material
8-K — Unregistered equity sale, Bylaw/charter change, Reg FD disclosure, Exhibits
SEC3/2/2026material
10-Q filing
SEC2/4/2026
8-K — Results of operations, Exhibits
SEC2/3/2026material
8-K — Executive/director change
SEC1/5/2026material

2025

8-K — Material agreement, Material financial obligation, Exhibits
SEC12/22/2025material
8-K — Executive/director change, Exhibits
SEC12/15/2025material
8-K — Executive/director change, Shareholder vote results, Exhibits
SEC11/24/2025material
10-Q filing
SEC11/5/2025
8-K — Results of operations, Exhibits
SEC11/4/2025material
8-K — Material agreement, Material financial obligation, Unregistered equity sale, Other events, Exhibits
SEC9/8/2025material
10-K filing
SEC8/19/2025
8-K — Results of operations, Exhibits
SEC8/12/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.