# Lumentum Holdings Inc (NASDAQ:LITE) has been one of the top-performing stocks in 2026.

*fintech · news · 2026-05-08 · Benzinga*

## Key points

- Lumentum Holdings reported a record Q3 revenue of $808.4 million, up 90.1% year-over-year.
- Gross margin improved by 540 basis points and operating margin by 700 basis points quarter-over-quarter.
- Q4 revenue guidance is $960 million to $1.01 billion, up nearly 100% year-over-year.
- Rosenblatt raised its Lumentum price target to $1,300, implying 43% further upside.

**Companies:** Lumentum Holdings Inc

[Read the full story on Benzinga](https://www.benzinga.com/trading-ideas/long-ideas/26/05/52430522/lumentums-1276-stock-boom-is-work-in-progress-ask-jpmorgan-ubs-barclays)

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