Lumentum Holdings Inc.

• LITE Stock Price 24h change: +3.75%. From 465.54 USD to 483.00 USD.
The stock hit a new 52-week high of 504.58 USD during intraday trading yesterday, driven by a series of analyst price target upgrades following an exceptionally strong Q2 earnings report and robust Q3 guidance linked to surging AI demand.
• From a technical perspective, the market presents a "Strong Bullish Breakout": LITE is trading above all major moving averages (MA5 at 509.05, MA50 at 430.67) and recently cleared key resistance levels. With an RSI of 62.74, the stock maintains bullish momentum without being excessively overbought, though it faces potential volatility near the psychologically significant 500 USD mark.
• Lumentum reported Q2 EPS of $1.67, beating the $1.41 estimate, with revenue growing 65.5% YoY to $665.5 million; the company issued upbeat Q3 guidance of $2.15–$2.35 EPS as AI network demand accelerates.• Stifel, B. Riley, and Bank of America raised price targets to as high as $526, citing Lumentum's role as a "foundational engine of the AI revolution" through its optical circuit switches (OCS) and co-packaged optics (CPO).• CEO Michael Hurlston highlighted a backlog exceeding $400 million for OCS and a new multi-hundred-million-dollar order for CPO, confirming the company's critical status for hyperscale data centers.
• The Photonics-Electronics Convergence market is projected to reach $104 billion by 2032, driven by AI workloads and 5G infrastructure reaching the limits of conventional electronics.• At SPIE Photonics West 2026, the industry focus shifted toward "AI Everywhere," emphasizing how entanglement-based optical networks and high-speed interconnects are essential for next-generation quantum and AI scaling.

• LITE Stock Price 24h change: +6.98%. From 435.10 USD to 465.44 USD. The surge was driven by a massive Q2 fiscal 2026 earnings beat (EPS $1.67 vs. $1.41 est.) and optimistic Q3 revenue guidance exceeding $805 million due to accelerating AI infrastructure demand.
• Technical analysis indicates a "Strong Buy" sentiment; LITE recently hit a new 52-week high of $504.58 before settling. The stock remains well above its 50-day ($397.60) and 200-day ($371.10) moving averages, with a Relative Strength Index (RSI) of 58.3 reflecting healthy bullish momentum without being overbought.
• Lumentum reported record Q2 revenue of $665.5 million, representing 65.5% year-over-year growth, as it solidifies its role as a "foundational engine" for AI networks and hyperscale data centers.
• Major Wall Street banks aggressively raised price targets following earnings: Bank of America boosted its target to $520, Citigroup to $560, and B. Riley upgraded the stock to "Buy" with a $526 target.
• Management highlighted cloud transceivers and optical circuit switches (OCS) as primary growth catalysts, noting that the vast majority of AI-related expansion is still in its early stages.
• Meta and Corning announced a major multi-year agreement worth up to $6 billion for optical fiber to accelerate the construction of advanced AI-focused data centers in the United States.
• The broader photonics industry is projected to reach $460 billion in 2026, driven by a convergence of optical and electronic technologies required to solve AI interconnect bottlenecks.